Author Topic: I have to share this somewhere - it's too big for the celebrations thread.  (Read 11566 times)

maryofdoom

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My husband and I paid off our house on Friday! I sent the final check in on Monday, and I spent the week obsessively checking my bank account, and on Friday morning, it finally cleared. I AM SO EXCITED.

Husband doesn't want to tell anyone in real life, but I have to tell someone, so here I am. Oddly enough, when I did the books today, it has been exactly two years since I started compiling our net worth on a weekly basis. In that time, we have paid off $45K of mostly mortgage debt and increased our net worth from $35K to $126K. Because we are awesome.

I attribute my success to many factors:
 - never going on destination vacations (the husband hates traveling and I kind of do, too)
 - lots and lots of freelance editing
 - parents who charged me rent to live at home during college and then saved all that money in a bank account and gifted it to me when I bought the house
 - an awesome husband who was on the same page with paying off the house super early
 - and, most of all, the support of like-minded people here.

Onward and upward, my friends!

Carrie

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Congratulations!  What an awesome achievement!

nereo

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Congrats!  I hope to be in your position someday... but still several years off.
Keep on keepin' on.

kyanamerinas

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congrats! what a good feeling!

Rural

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Congratulations! Feels good, doesn't it?

ruthiegirl

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Wow!!!!   Awesome job.

greenmimama

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Woohooo!! great job. Now you are weird, in a really good way!

horsepoor

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Sweet, congratulations!

avonlea

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Congratulations!

capital

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I attribute my success to many factors:
 - never going on destination vacations (the husband hates traveling and I kind of do, too)
 - lots and lots of freelance editing
 - parents who charged me rent to live at home during college and then saved all that money in a bank account and gifted it to me when I bought the house
 - an awesome husband who was on the same page with paying off the house super early
 - and, most of all, the support of like-minded people here.
Living in one of the better-value real estate markets certainly helps, too.

ScienceSexSavings

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Woo hoo!

totoro

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Great!

samburger

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When I was selling insurance, I would ask my car customers if they owned their home. Folks always responded with "Well, the bank owns it..."

You own the whole damn thing. Congrats!

HappierAtHome

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Congratulations!!

Jazzpolice

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What an awesome feeling I'm sure!!  Congrats!!  How long did it take you?  We're counting down on ours also…cannot wait to join you!

vern

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Good on you!

And that was a nice move by your parents to boot.

Abe

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Good job! Smart move by your parents!

1967mama

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Congratulations! What an awesome, amazing feeling that must be!!

Side note: My son started paying rent in July 2013 and I've been saving it, in secret, since then. Can't WAIT to give it to him when he moves out. He will be SO surprised! Loved hearing that you had a similar story!

HappierAtHome

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Congratulations! What an awesome, amazing feeling that must be!!

Side note: My son started paying rent in July 2013 and I've been saving it, in secret, since then. Can't WAIT to give it to him when he moves out. He will be SO surprised! Loved hearing that you had a similar story!

I have family friends who did this for their children, and also made sure they taught them about saving money, investing it wisely, etc along the way.

Needless to say all three 'kids' now own multiple properties and are rolling in it, despite only being in their 20s and early 30s.

Adventine

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Amazing stuff! Congratulations!

OldDogNewTrick

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Outstanding!

Exflyboy

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Feels great doesn't it.

I remember I decided to get serious back in '97 with about 160k in Mortgage debt and almost no savings.. I retired in Jan this year.

You will notice now that your mortgage payments will now be surfing ahead of the wave (i.e interest will now be working for you instead of against you) that your Net worth will increase dramatically more quickly..

Well done!

Frank

HairyUpperLip

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Great job!

birdman2003

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Congratulations!  That is a huge accomplishment. 

HAULIN3

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Great Job!!! How wonderful!!! Best wishes for all that will come your way!!! You are extra-ordinary!!!

Norrie

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That is so awesome! Congratulations.
And what a great idea that your parents had. It makes me want to do something similar...

SJS

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Congratulations!  Such an amazing and HUGE HUGE effort!!!  YOU DID IT!! YIPPEE!! :-)   Now keep saving!!!  :-) 

Milspecstache

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Awesome!  Thanks for sharing your story.  Love what your parents did for you!

ToughMother

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you ARE freekin awesome!!!! UBER congrats!!!

toodleoo

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Congrats!! What an amazing feeling that must be.

jrhampt

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Sweet!!  Looking forward to this in (hopefully) about 10 more months.

kkbmustang

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That's amazing. Big congrats!

Zamboni

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Well done!  Congratulations to you and your husband.

spoonman

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Congrats!  That's a huge accomplishment!  Best of luck with the rest of your journey.