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Author Topic: Paid off the mortgage  (Read 7471 times)

REAL WORLD EXPAT

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Paid off the mortgage
« on: May 22, 2015, 08:23:01 AM »
Just checked online and my final payment cleared on my mortgage, feels great! May 2015 has been a great month so far, graduated Magna Cum Lade from my MBA and paid off my mortgage! How am I going to celebrate this weekend.......hooking up my OTA antenna to my redundant dish as my satellite ends on Saturday!

On target for very comfortable FIRE in 2019!
« Last Edit: May 22, 2015, 08:42:38 AM by RW-Expat »
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Cheddar Stacker

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Re: Paid off the mortgage
« Reply #1 on: May 22, 2015, 09:29:08 AM »
Woot!
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tc_countyplanner

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Re: Paid off the mortgage
« Reply #2 on: May 22, 2015, 10:21:30 AM »
Congratulations!!!
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forummm

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Re: Paid off the mortgage
« Reply #3 on: May 22, 2015, 10:33:15 AM »
Wow, what a month! Congrats!
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Tjat

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Re: Paid off the mortgage
« Reply #4 on: May 22, 2015, 10:40:23 AM »
Congrats! At this point with 350K left, I can't even imagine the freedom...
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Trifecta

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Re: Paid off the mortgage
« Reply #5 on: May 22, 2015, 10:46:43 AM »
Congrats!!!
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JD_

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Re: Paid off the mortgage
« Reply #6 on: May 22, 2015, 10:47:12 AM »
Congrats!!!! I hope to be in your shoes in 3 years!

-JD
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REAL WORLD EXPAT

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Re: Paid off the mortgage
« Reply #7 on: May 22, 2015, 10:50:29 AM »
Quote from: Tjat on May 22, 2015, 10:40:23 AM
Congrats! At this point with 350K left, I can't even imagine the freedom...

Just keep chipping away at it and it soon goes, started out at $350K and got it done in a little under 11 years. Could have done it sooner but balanced using spare cash between extra payments and investments. Could I have earned more using the extra payments in the market, sure, but it feels great to look at my house and think "I OWN THIS"!
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Manguy888

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Re: Paid off the mortgage
« Reply #8 on: May 22, 2015, 12:16:59 PM »
Awesome - Congrats!
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AlwaysBeenASaver

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Re: Paid off the mortgage
« Reply #9 on: May 22, 2015, 01:43:24 PM »
Awesome!
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FIRE me

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Re: Paid off the mortgage
« Reply #10 on: May 23, 2015, 10:27:38 PM »
Quote from: RW-Expat on May 22, 2015, 08:23:01 AM
Just checked online and my final payment cleared on my mortgage, feels great! May 2015 has been a great month so far, graduated Magna Cum Lade from my MBA and paid off my mortgage! How am I going to celebrate this weekend.......hooking up my OTA antenna to my redundant dish as my satellite ends on Saturday!

On target for very comfortable FIRE in 2019!

Well done! You might find that for the first couple of months, not making that payment is almost like an itch you can't scratch.
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marty998

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Re: Paid off the mortgage
« Reply #11 on: May 24, 2015, 04:44:07 AM »
Quote from: RW-Expat on May 22, 2015, 08:23:01 AM
Just checked online and my final payment cleared on my mortgage, feels great! May 2015 has been a great month so far, graduated Magna Cum Lade from my MBA and paid off my mortgage! How am I going to celebrate this weekend.......hooking up my OTA antenna to my redundant dish as my satellite ends on Saturday!

On target for very comfortable FIRE in 2019!

Well done on the mortgage, hope to join you in 4 months time.

And the MBA but...you do realise it's magna cum laude?
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forummm

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Re: Paid off the mortgage
« Reply #12 on: May 24, 2015, 07:14:19 AM »
Irony.
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Insanity

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Re: Paid off the mortgage
« Reply #13 on: May 24, 2015, 07:19:42 AM »
Congrats on both!
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Spiffsome

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Re: Paid off the mortgage
« Reply #14 on: May 24, 2015, 08:03:44 PM »
Congratulations! I hope to be in the same situation in a few weeks' time. We're aiming for FIRE in 2024.
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Huskerfan

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Re: Paid off the mortgage
« Reply #15 on: May 25, 2015, 01:37:21 PM »
Congrats!   The mortgage is The Big One!   We started tossing extra payments on the principle a while back as well.   On track to pay off the home loan in about 5 years (started at $179k).   Perhaps a bit sooner once car is paid off in about 10 months. 

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SenoritaStache

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Re: Paid off the mortgage
« Reply #16 on: May 25, 2015, 03:20:50 PM »
Kicking butt in May!! Woot woot!!!
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Expatriate2Win

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Re: Paid off the mortgage
« Reply #17 on: May 25, 2015, 09:31:18 PM »
Congratulations, you seem to be on the right tracks!
May you share your thought process as to why study a MBA 4 years before retirement? Do you think it's worth it?
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Cressida

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Re: Paid off the mortgage
« Reply #18 on: May 25, 2015, 10:21:54 PM »
Quote from: marty998 on May 24, 2015, 04:44:07 AM
Quote from: RW-Expat on May 22, 2015, 08:23:01 AM
Just checked online and my final payment cleared on my mortgage, feels great! May 2015 has been a great month so far, graduated Magna Cum Lade from my MBA and paid off my mortgage! How am I going to celebrate this weekend.......hooking up my OTA antenna to my redundant dish as my satellite ends on Saturday!

On target for very comfortable FIRE in 2019!

Well done on the mortgage, hope to join you in 4 months time.

And the MBA but...you do realise it's magna cum laude?
Quote from: forummm on May 24, 2015, 07:14:19 AM
Irony.

Is it though, really? Do VPs need to be able to spell? Not in my experience.  :)

Seriously, OP, this is awesome, and congratulations.
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REAL WORLD EXPAT

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Re: Paid off the mortgage
« Reply #19 on: May 26, 2015, 11:36:48 AM »
Quote from: Expatriate2Win on May 25, 2015, 09:31:18 PM
Congratulations, you seem to be on the right tracks!
May you share your thought process as to why study a MBA 4 years before retirement? Do you think it's worth it?

Was my MBA worth it? Absolutely! To be honest the only thing it cost me was time, some gas money and about $500 in books and supplies (my company paid for tuition fees). Even though I aim to FIRE in 2019 I would not rule out part time or occasional work in my field where the MBA will be beneficial so I can always call on it despite my traditional full time career my not be longer than 5 years  all being well.

I got a nice increase in pay when I started my MBA (flight protection I think) and I’m hoping for nice little bump when my review is due. Though in all honesty I’m well compensated for now and even if I just keep up with inflation for the next 5 years I’ll be fine. Any additional increases won’t shorten FIRE to be honest, just make the pile a bit bigger when I get there.

I really enjoyed my MBA, made a lot of new friends that the wife and I hang out with regularly now it’s over and I can’t see it harming any future opportunities I may pursue after FIRE so I think it was well worth the effort.
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OddOne

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Re: Paid off the mortgage
« Reply #20 on: May 26, 2015, 11:53:15 AM »
HUGE accomplishments RW. Enjoy all the successes that you've earned!!
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MustachianKentuckian

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Re: Paid off the mortgage
« Reply #21 on: May 27, 2015, 12:19:04 PM »
Amazing! Congrats!
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fiveoh

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Re: Paid off the mortgage
« Reply #22 on: May 27, 2015, 12:46:44 PM »
Congrats!  I hope to do the same in a few years.
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