Mortgage Free in Colorado on a $500k House (BEST OF MKM)
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- Опубліковано 19 чер 2024
- Christina Marriott and her husband became mortgage free in Colorado on their $500k home!
In this BEST OF MKM clip from 2020, she shares how life will be changing for her family now that they have a paid off house in their 40s.
CHAPTERS
00:00 - Intro - Mortgage Free in Colorado w/ Christina Marriott
00:44 - Mortgage Free 3
01:15 - Why Pay Off the Mortgage?
02:17 - Changes made to pay off the mortgage early
02:54 - How much do you spend during the year?
03:30 - Increase your income?
04:05 - Rental Property
06:25 - Passive Income
09:24 - Expenses and Kids
09:50 - Celebrating the Payoff
11:07 - Rental Property Future Plans
11:51 - Part-Time Work
13:45 - Advice For Others
14:17 - Final - Mortgage Free in Colorado
#MortgageFree #PaidOffHouse #MortgageFreeCommunity #FamilyFinance #personalfinance
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CREDITS
Research & Writing: Andy Hill
Video Editing: EditVideo.io
Thumbnail: Ardi, The Thumbnail Wiz
Channel Management: Nev Maraj
Check out our free Mortgage Payoff Calculator here: marriagekidsandmoney.com/calculators/mortgage-payoff/
Paid off our home in September before I turned 38! Married with 2 kids and the feeling of peace of mind is unbeatable!
What a family win!
What has been different for you after paying off the mortgage?
@@MarriageKidsandMoney Prior to paying off the home we were still able to max out our Roth IRA yearly along with putting money into our brokerage account and kids 529 accounts. Since we paid off the home, the money we'd normally be paying for the mortgage and principal payments now go into our high yield savings account and into our joint account! We are planning on going on more family vacations!
First commentor here! Whoop whoop! Lol I’ll be paying mine off in August on my 40th
Incredible!
How much principal is left? Only 9 months to go?!
My goal was to pay off my mortgage before my 40th birthday, but it took me longer... I missed my goal by 9 days. 😢
Took me just under 8 years
That's an incredible accomplishment!
@@MarriageKidsandMoney Thanks!
Have no clue why folks are so happy to be mortgage free... I am happy with close to 2mil debt on mortgage. Is something wrong with me?? I am happy for her though
Nothing wrong with you at all!
It's the contentment people are seeking. If you are content with your mortgage (and probably a low-interest one at that), you should definitely keep it.
Thanks for sharing!
Thanks... I think different people have different contentment feelings. I personally would feel very uncomfortable putting all my money in housing. Would be constantly scared of what if roof fails, a fire comes or storm? I strangely feel more safe having my money in diversified index funds such as S&P500. I find safety in that almost all the products a typical person uses in their life such as Google, apple, walmart, target, banking, jeans, paper towel, etc... are part of the index. Less likely to me that all of them will go out of business, which gives me the safety. These businesses produce wealth every second, whereas house remains the same or degrade a bit with time.
@@merovingiean Love your rationale! And I agree.
Our net worth is $600k index funds and $600k paid off house - and then other stuff, cash, cars, etc.
So we're a "both" family!
Stopped watching after finding out they had four houses
Sounds like a personal problem.
Yes definitely