I paid my home off 2 years ago at the age of 34. It was the best thing I've ever done with my money. I go to work but I no longer care because I have no debt and I save about 90 percent of my paycheck. I have just a few more years of working and I get my pension and I will retire. I can't wait until the day comes.
Retirement can be awful. Humans are meant to work, but of course you don’t have to work for yourself. And “work’ has a broad meaning. Just have a plan for those non paycheck years. Congrats on living below your means. We did, too, and it’s always been so much less stressful than what others have been. Plus we paid for both kids’ bachelors degrees and two weddings!
That's awesome. I just turned 39 Dec 1st. My house has been paid off for 6 years and I can't retire until I'm 72 even with my 401k. I will say I absolutely love my job so I don't think I would mind for now. We'll see what happens when I get older 😂. I'd rather be quilting but I like work lol
Excellent video 🔥🔥🔥🔥🔥Well I paid my house off back in April of 2023 at 51 and I never looked back and every time I get home from work it really feels good to come home to a paid for house. And of course the taxes are paid on time
I had 100k in the so called high yield savings account (4.5 percent).. with a mortgage at 7.3percent. I realized it was nuts to pay over one thousand dollars a month in interest, in order to just hang onto 400 dollars a month? I was in the negative. So I put that and a bit more to my mortgage so now my balance is under 45k and I hope to have it paid off within the next 18 to 24 months. My prior home was mortgage free when I sold it and I can tell you that having a paid off home is a feeling like no other. Every brick, every blade of grass... every anthill and weed.... look at it and ask yourself.. is it all mine??? When it's all mine, I can tell the insurance company to go suck rocks.. they are overcharging so much here in SWFL. I am done with them as soon as it's paid off.
I am rooting for you. It does feel great with a paid off home. As long as I pay my taxes they can't take it from me! Congratulations on getting it down under 45k. That's less than most new cars now days!
I also paid off my house early before starting my big investing push. My portfolio would be higher right now if I had, but I just wanted that monkey off my back. Plus the job I had at the time was high-turnover, so I wanted my expenses to be low if I had found myself unemployed.
My wife and I's monthly payment was $2415 month. We would pay an extra $500 a month towards the principal. We currently just refinanced to get a lower interest rate and to get off of PMI. Our new monthly payment is $2915 a month. We plan on still paying $3700 a month but are now going to do bi-monthly payments.
making the payments quarterly, in addition to adding, a payment each month and watch how fast the payments begin to drop on your amortization chart. I've got one more year after starting about a year ago. The timing of the payments is everything. This is the only thing that they all leave out when doing the videos.
Instead of extra payments, I suspect you would be better off putting the $782 per month into shares of Apple and Amazon. The video more or less describes how you can get out of being a debt slave When you have cash you have options. Smart people hold on to cash. They don't instantly shove it toward debt. Once it is used to pay on the debt, it is no longer accessible.
One part of this vid that I do like is the idea of not taking on a large debt in the first place. I think there should be a balance between the amount of debt you incur and the amount of cash you can invest. I would rather have a $1000 house payment and $1000 going into stocks than a $2000 house payment and no stocks. If you have cash and you’re confused I will suggest you contact a finance advisor
The decision on when to pick an Adviser is a very personal one. I take guidance from Sharon Ann Meny to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Who cares what other people think? It's your house. They will not help you. Personally I never did 10% on the stock market. I did way more than that. You think what you want. But it's real. Most people don't know how to manage money. You did what you thought was best for you. Stop thinking what they think about what you did. Just enjoy it. Invest as much as you can and let the snowball grow.
I think you made a wise decison. You paid off your mortgage--a SURE thing--and passed on a MIGHT--something that might make you wealthy or make you lose it all! Now, NO one can take that home away from you!!!!
Paid off 3 rental house in california, I'm working on refi/cash out on my other rental that i don't want to keep and pay off 2 more California rental homes. Retired at 50 and leaving life to the fullest in South East Asia.
Great video! I have always been on the fence about this as well, from me I am at 1.75% on a 10 year so the option to invest or pay down was a tough decision. After running a lot of scenarios, I put $1,000 toward the principle of the mortgage each month and with zero based budgeting put the rest into an investment account. Working both side of the game!
Yes with a low interest rate it is good to invest! I think as people get new mortgages or refinance at the 6, 7 or 8 percent then the line between investing vs paying off the mortgage get blurry lol. Throwing extra money at the mortgage ain't a bad idea. Congratulations!!
At my lower pre-inflation interest still agree with the invest it argument but above 5%, I am with you. And especially in retirement. Congrats on paying it off!
If your goal is to try and maximize every last penny out of your investments, then risking it all in the markets is the only way to do it. However, if you already have a decent life and just want to live normally, paying off all your debts will make you the happiest. All depends on what you value most.
I want to be financially free by paying off my mortgage by December 2026. When I retire I will be debt free! I’m documenting my mortgage payoff journey here on RUclips. I can hardly wait to be totally debt free. 😊. My mortgage interest rate is 3.75%. 🏡
You're 3 weeks older than me and I paid my house off in 2000, everyone said that was dumb. Well with out that burden I able to quit my My Burger King corporate job and take a much lower paying municipal city job. I have been retired now 4 years and that city pension is paying me six times. What my high salary Burger King pension does. I would have never been able to do that if I had continued to have that debt.
@@barryquilts you definitely need birthdays after this one. Especially if you stay keto even on your birthday 🙂 cousin two years can start taking that sweet government cash. And another five birthdays be able to drop those health insurance payments at least by 90%.
I just bought a home 3 months ago for 300k boooooyyyyyyy I gotta long way to go but I pay an extra 1000-1200 a month towards the principal so it will be paid of in 13.5 years . I’m 30 by the way so if I can have my home paid off by 44 I’ll be happy with that
My home should have been paid off, at least 7 years ago and I should have had much more money squirreled away. I got side tracked and I screwed over by some people, who I have no recourse against. I'm finally on track to be consumer debt and mortgage free by mid next year. 30% of my pay goes into 401K with 50% of the balance able to self direct. Am accumulating shares of monthly dividend paying ETFs, so am not so concerned about the market, as long as those dividends keep keep coming in and buying more shares. Am still working a 6 figure overseas job with a majority of my wages tax exempt. I am looking at retiring at age 65....three more years when I should be in pretty good shape. If I hadn't mismanaged my funds and invested, instead of trading, I would already be better off.
I took down those videos because I was getting to many people saying they could do it anymore. The interest rates have almost doubled and I didn’t feel good about telling everyone what a great business that was. I truly enjoyed doing it and made lots of money but sadly those days are gone at least for now.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
I paid mine off also, being told to invest also. Mortgage has been gone for 2.5 years and im 53. So like you said, i can invest more now. Good job!!
Congratulations!!!
I paid my home off 2 years ago at the age of 34. It was the best thing I've ever done with my money. I go to work but I no longer care because I have no debt and I save about 90 percent of my paycheck. I have just a few more years of working and I get my pension and I will retire. I can't wait until the day comes.
Retirement can be awful. Humans are meant to work, but of course you don’t have to work for yourself. And “work’ has a broad meaning. Just have a plan for those non paycheck years. Congrats on living below your means. We did, too, and it’s always been so much less stressful than what others have been. Plus we paid for both kids’ bachelors degrees and two weddings!
That's awesome. I just turned 39 Dec 1st. My house has been paid off for 6 years and I can't retire until I'm 72 even with my 401k. I will say I absolutely love my job so I don't think I would mind for now. We'll see what happens when I get older 😂. I'd rather be quilting but I like work lol
Excellent video 🔥🔥🔥🔥🔥Well I paid my house off back in April of 2023 at 51 and I never looked back and every time I get home from work it really feels good to come home to a paid for house. And of course the taxes are paid on time
Awesome - congratulations
@@barryquilts thanks really appreciate it. Keep putting out that good content🔥🔥🔥🔥🔥
We are hoping to pay off our mortgage in 4-ish years! Congratulations on being debt free! We follow Dave Ramsey as well!
I had 100k in the so called high yield savings account (4.5 percent).. with a mortgage at 7.3percent. I realized it was nuts to pay over one thousand dollars a month in interest, in order to just hang onto 400 dollars a month? I was in the negative. So I put that and a bit more to my mortgage so now my balance is under 45k and I hope to have it paid off within the next 18 to 24 months. My prior home was mortgage free when I sold it and I can tell you that having a paid off home is a feeling like no other. Every brick, every blade of grass... every anthill and weed.... look at it and ask yourself.. is it all mine??? When it's all mine, I can tell the insurance company to go suck rocks.. they are overcharging so much here in SWFL. I am done with them as soon as it's paid off.
I am rooting for you. It does feel great with a paid off home. As long as I pay my taxes they can't take it from me! Congratulations on getting it down under 45k. That's less than most new cars now days!
Congrats!!! The math doesn't make sense but the peace of mind is priceless.
Absolutely!
I also paid off my house early before starting my big investing push. My portfolio would be higher right now if I had, but I just wanted that monkey off my back. Plus the job I had at the time was high-turnover, so I wanted my expenses to be low if I had found myself unemployed.
Congratulations and I agree about getting that weight off your back!
My wife and I's monthly payment was $2415 month. We would pay an extra $500 a month towards the principal. We currently just refinanced to get a lower interest rate and to get off of PMI. Our new monthly payment is $2915 a month. We plan on still paying $3700 a month but are now going to do bi-monthly payments.
making the payments quarterly, in addition to adding, a payment each month and watch how fast the payments begin to drop on your amortization chart. I've got one more year after starting about a year ago. The timing of the payments is everything. This is the only thing that they all leave out when doing the videos.
Instead of extra payments, I suspect you would be better off putting the $782 per month into shares of Apple and Amazon. The video more or less describes how you can get out of being a debt slave When you have cash you have options. Smart people hold on to cash. They don't instantly shove it toward debt. Once it is used to pay on the debt, it is no longer accessible.
One part of this vid that I do like is the idea of not taking on a large debt in the first place. I think there should be a balance between the amount of debt you incur and the amount of cash you can invest. I would rather have a $1000 house payment and $1000 going into stocks than a $2000 house payment and no stocks. If you have cash and you’re confused I will suggest you contact a finance advisor
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
The decision on when to pick an Adviser is a very personal one. I take guidance from Sharon Ann Meny to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I paid my San Diego home mortgage off 2 years ago, totally debt free👍👍Got my pensions now I travel the world!
That is awesome!!! Congratulations
Who cares what other people think? It's your house. They will not help you. Personally I never did 10% on the stock market. I did way more than that. You think what you want. But it's real. Most people don't know how to manage money. You did what you thought was best for you. Stop thinking what they think about what you did. Just enjoy it. Invest as much as you can and let the snowball grow.
I think you made a wise decison. You paid off your mortgage--a SURE thing--and passed on a MIGHT--something that might make you wealthy or make you lose it all! Now, NO one can take that home away from you!!!!
That is what I am thinking. Especially in these uncertain times.
Totally agree
Paid off 3 rental house in california, I'm working on refi/cash out on my other rental that i don't want to keep and pay off 2 more California rental homes. Retired at 50 and leaving life to the fullest in South East Asia.
Great video! I have always been on the fence about this as well, from me I am at 1.75% on a 10 year so the option to invest or pay down was a tough decision. After running a lot of scenarios, I put $1,000 toward the principle of the mortgage each month and with zero based budgeting put the rest into an investment account. Working both side of the game!
Yes with a low interest rate it is good to invest! I think as people get new mortgages or refinance at the 6, 7 or 8 percent then the line between investing vs paying off the mortgage get blurry lol. Throwing extra money at the mortgage ain't a bad idea. Congratulations!!
in my line of work, i see many homeless senior citizens. good job!!
Thank you
At my lower pre-inflation interest still agree with the invest it argument but above 5%, I am with you. And especially in retirement. Congrats on paying it off!
I'm aiming to be more consistent and aggressive in '25. Unfortunately my property taxes are almost equal to my PI.
I understand that!
I am paying off my mortgage also. I hear same...invest invest invest. Nope. Paying off my mortgage FIRST
Your logic is sound. Sounds like you have peace of mind, and monthly comfort of skipping the monthly payment. Good luck!
Thank you
For most people it is easy to pay towards house, not everybody good with stock investing. Simple as that.
Congratulations!
Im doing this too, i got 1 more year to save to pay off my mortgage.
That is awesome
Good choice. Best move in my opinion.
If your goal is to try and maximize every last penny out of your investments, then risking it all in the markets is the only way to do it. However, if you already have a decent life and just want to live normally, paying off all your debts will make you the happiest. All depends on what you value most.
What a wise human being
This is great, thank you for sharing your story.
Thank you
I will be 45 next month. We are fixing to sell and downsize to be debt free. Hoping $425k will be plenty for a nice house.
Debt is stress. A job owns you as along as you have debt. Specially houses and cars. Get out soon as you can.
Great video. Well said
Thank you
I want to be financially free by paying off my mortgage by December 2026. When I retire I will be debt free! I’m documenting my mortgage payoff journey here on RUclips. I can hardly wait to be totally debt free. 😊. My mortgage interest rate is 3.75%. 🏡
You can do it and best of luck to you!
Anyone who plays guitar can’t be wrong! Thanks
Thank you :)
You're 3 weeks older than me and I paid my house off in 2000, everyone said that was dumb. Well with out that burden I able to quit my My Burger King corporate job and take a much lower paying municipal city job. I have been retired now 4 years and that city pension is paying me six times. What my high salary Burger King pension does. I would have never been able to do that if I had continued to have that debt.
That is awesome - I basically did the same thing. I finally hit the big 60 this Thursday. I quit having birthdays after this one lol.
@@barryquilts you definitely need birthdays after this one. Especially if you stay keto even on your birthday 🙂 cousin two years can start taking that sweet government cash. And another five birthdays be able to drop those health insurance payments at least by 90%.
Debt free at 39 now 53. Never regretted paying off my house.
That is awesome to hear!
I just bought a home 3 months ago for 300k boooooyyyyyyy I gotta long way to go but I pay an extra 1000-1200 a month towards the principal so it will be paid of in 13.5 years . I’m 30 by the way so if I can have my home paid off by 44 I’ll be happy with that
That sounds like a plan!!! Also you will get raises and extra income here and there and it can be done sooner! I am happy for you.
Congrats!
Thank you
My home should have been paid off, at least 7 years ago and I should have had much more money squirreled away. I got side tracked and I screwed over by some people, who I have no recourse against. I'm finally on track to be consumer debt and mortgage free by mid next year. 30% of my pay goes into 401K with 50% of the balance able to self direct. Am accumulating shares of monthly dividend paying ETFs, so am not so concerned about the market, as long as those dividends keep keep coming in and buying more shares. Am still working a 6 figure overseas job with a majority of my wages tax exempt. I am looking at retiring at age 65....three more years when I should be in pretty good shape. If I hadn't mismanaged my funds and invested, instead of trading, I would already be better off.
With your house paid off you need less income in retirement.
I’ll take 7% totally risk free over maybe 10%, all day long
Wise decision
Nice job. What happened to your loan signing agent content?
I took down those videos because I was getting to many people saying they could do it anymore. The interest rates have almost doubled and I didn’t feel good about telling everyone what a great business that was. I truly enjoyed doing it and made lots of money but sadly those days are gone at least for now.
@BarryHughesTV I think they'll be back in time. There will eventually be a release of pent up house inventory demand
@@linkingwithnaz1295 I totally agree but it will take time there was just tons of notaries and little work. I think it will even out over time.
If physically able to, I would also keep working if I was running this tight and about 60 years old
My point was to show that elderly people receiving around $2k in social security benefits can make it with a paid off home.
I'd do the same definitely
I did the same. Feels great to have the home paid off
Congratulations!!!
Sp500 average actually 11.87%
Mortgage interest is the best tax deduction you're ever going to get
My interest doesn't even get me close to being able to itemize so it doesn't even count.
Most people don't qualify for the mortgage deduction.
It true anymore with the limits.