Finally!

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Daveho
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Finally!

#1

Post by Daveho »

After what feels like an eternity- scrimping, hard budgeting and generally being a tight A** my wife and I will have cleared our mortgage this year!

YAAAAAAS!
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ChrisinHove
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Re: Finally!

#2

Post by ChrisinHove »

Congratulations! It’s a better place to be.
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legOFwhat?
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Re: Finally!

#3

Post by legOFwhat? »

Daveho wrote:
Sun Jan 27, 2019 1:13 pm
After what feels like an eternity- scrimping, hard budgeting and generally being a tight A** my wife and I will have cleared our mortgage this year!

YAAAAAAS!
Congratulations! A former pastor would always say "what can you do after paying off your mortgage? .....ANYTHING you want!"
-Larry
Hebrews 13:6 So we may boldly say: “The Lord is my helper; I will not fear. What can man do to me?”
MNOSD #0049
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TkoK83Spy
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Re: Finally!

#4

Post by TkoK83Spy »

Congratulations! What an amazing feeling that must be, especially before retirement. I try to throw an extra $50-100 a month towards the principle to try and knock off a few years. We still owe around $118,000...soooo, we've got some more work to do haha!

Think about all the new knives you can afford now!?
15 :bug-red 's in 10 different steels
1 - Bradford Guardian 3 / Vanadis 4E Wharnie
1 - Monterey Bay Knives Slayback Flipper / ZDP 189
1 - CRK Small Sebenza 31/Macassar Ebony Inlays
1 - CRK Large Inkosi Insingo/ Black Micarta Inlays
1 - CRK Small Sebenza 31 Insingo/Magnacut

-Rick
SG89
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Re: Finally!

#5

Post by SG89 »

So which spyderco are you going to buy to celebrate?
Spydergirl88
3 Nats, 1 Chap, 1 Sham, 1 Urb
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Bloke
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Re: Finally!

#6

Post by Bloke »

Congrats Dave, well done! :cool:

Hope to have ours paid in the next couple of years, God willing then I’ll retire. ;)
A day without laughter is a day wasted. ~ Charlie Chaplin
Daveho
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Re: Finally!

#7

Post by Daveho »

I think I’ll end up going to school and doing a degree or something to that effect and working part time.
TomAiello
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Re: Finally!

#8

Post by TomAiello »

Congratulations!

Debt free is a great feeling. :)
Mom3ntuM
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Re: Finally!

#9

Post by Mom3ntuM »

Gratz, sweet.
I'm lightyears away from paying off mine and I don't stress it to much either.
Long live inflation
😂
Dream as if you'll live forever. Live as if you'll die today.
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Daveho
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Re: Finally!

#10

Post by Daveho »

I’m so excited-
The prospect of not having to work full time and getting more time at home with my growing family!
Really makes grinding it out so hard worth it
TomAiello
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Re: Finally!

#11

Post by TomAiello »

Just don't let the debt grow again--every. Not having to make payments on anything is incredibly liberating. You've just bought a major chunk of freedom for yourself and your family.
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wrdwrght
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Re: Finally!

#12

Post by wrdwrght »

Few things financial are better than getting out from under a mortgage. Congrats.
-Marc (pocketing an M4 Sage5 today)

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The Meat man
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Re: Finally!

#13

Post by The Meat man »

Congratulations Dave!
- Connor

"What is a man profited, if he shall gain the whole world, and lose his own soul?"
Daveho
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Re: Finally!

#14

Post by Daveho »

Thanks for the kind words gang-
It’s really exciting as most of my contemporaries haven’t yet pulled the trigger on starting a mortgage.
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anagarika
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Re: Finally!

#15

Post by anagarika »

Daveho wrote:
Sun Jan 27, 2019 7:25 pm
I’m so excited-
The prospect of not having to work full time and getting more time at home with my growing family!
Really makes grinding it out so hard worth it
Congratulations and indeed it’s a good feeling!
Chris :spyder:
Daveho
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Re: Finally!

#16

Post by Daveho »

Spydergirl88 wrote:
Sun Jan 27, 2019 3:59 pm
So which spyderco are you going to buy to celebrate?
Not sure yet-
But my birthday is coming up so I have put a vtoku stretch in the cart for my wife to give me :)
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Jazz
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Re: Finally!

#17

Post by Jazz »

Congratulations. It's a good feeling, isn't it?
- best wishes, Jazz.
TomAiello
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Re: Finally!

#18

Post by TomAiello »

Imagine how soon you can retire if you put half of what you were putting into the mortgage away into a good savings vehicle instead.

There's an interesting article here (https://www.mrmoneymustache.com/2012/01 ... etirement/) if you're not familiar with the math.

I know quite a few people who retired by 40. And even more who retired before 45.

The huge feeling of relief you have when you no longer have to pay a mortgage isn't even close to the relief of realizing you never have to go to work again unless you actually want to.
Daveho
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Re: Finally!

#19

Post by Daveho »

You are quite right-
I turn 30 next month so not only has it afforded me the opportunity to prioritise family life but obviously when you factor out the interest and both myself and my wife being quite frugal we will be in a very good position for retirement.

I personally won’t retire of course as work brings me a lot of joy but I also would like to go to school and do a degree and eventually move into a more intellectual field but my son now being 7 months old it means, god willing, that he and any subsequent kids will grow up having their parents around a bit more and having the flexibility to be more involved.

We are also planing a move and will be moving from that little 3 bedroom starter house to a larger home, more suitable for long term living with a family our size (in the Australian culture anyway, a lot of people do just find in small dwellings around the world)
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standy99
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Re: Finally!

#20

Post by standy99 »

Congrats.

Moved remote and stopped consuming was the trick for me to pay off everything. And the best for the family.

Continued to pay mortgage into a bank account for a few years and purchased a investment property in Tassie when the interest rate for savings was about 1%.

48 Love my job too much to retire, but good to know I could at 50 if I wanted (gov super also ;) )
Im a vegetarian as technically cows are made of grass and water.
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