To everyone here at GA. Thanks for the encouragement.
🏡 Local WIN 🏘️
For the past couple of years I have been working on paying off my mortgage and being debt free. My wife and I both wanted to do this. It was not always easy but we keep plugging away. Today was my last mortgage payment. We now own our house free and clear. We have no other debt.
For anyone reading this that is still on the path to being debt free. Don't give up. Is it hard at times but no matter what anybody tells you it is worth it.
No one knows what the future holds (Until the real President is back in office). We are very concerned that inflation is going to get really bad. Hopefully not having debt will make it easier to deal with rising prices.
Anyway once again. Thanks everybody.
We started our 30 year mortgage in Jan 2016. Original payoff date was Jan 2046. I know that a case can be made for just holding the mortgage and investing in something else.
But they don't take into account how you change over the years when you stick to a plan. It may appear painful because you can't buy the things that everybody around you is buying.
It was not really painful for us because we had a goal and we stuck with it. Now we really don't care if we buy what everybody else is buying.
We still go to Thrift stores to buy furniture and other things to restore it. In fact now it's become a game to buy stuff for next to nothing restore it until a point that it is even better than new.
We can fairly easily buy new furniture and other things but I don't feel the need to prove to anybody that I am able to buy "new". If I wasn't focused on paying off my mortgage I wonder if I would have felt the same.