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Started By
Message
Paid off my house today.
Posted on 6/17/22 at 12:00 pm
Posted on 6/17/22 at 12:00 pm
Pretty bad arse feeling. Zero debt. Sorry for the brag, but on cloud 9.
Some say it’s not the most financially savvy thing considering my interest rate was 3.5%, but what would I have invested that money in during these times?
Pretty big feeling of comfort and security for my family if anything happened to me.
Some say it’s not the most financially savvy thing considering my interest rate was 3.5%, but what would I have invested that money in during these times?
Pretty big feeling of comfort and security for my family if anything happened to me.
74
Posted on 6/17/22 at 12:02 pm to BabyTac
Where the paid off home mortgage has taken the place of the BMW as the status symbol of choice
Posted on 6/17/22 at 12:04 pm to BabyTac
My brother recently did the same thing. He said it decreased his credit rating. 
Ain't that some shite.
Ain't that some shite.
Posted on 6/17/22 at 12:05 pm to BabyTac
Congrats, that must be a comforting feeling.
I'm at the point where if everything goes to hell, I can make a little over $200k from selling my house. That would give me enough to pay cash for some land and a double wide in Livingston Parish.
Posted on 6/17/22 at 12:06 pm to BabyTac
That must be nice my man, I got 29 years left
Posted on 6/17/22 at 12:08 pm to BabyTac
Now take what would have been your mortgage payment and send it to your Roth IRA account each month.
Posted on 6/17/22 at 12:09 pm to BabyTac
quote:
Some say it’s not the most financially savvy thing considering my interest rate was 3.5%
frick this
quote:
Pretty big feeling of comfort and security for my family if anything happened to me
this is way more valuable than like 2% on an investment. i truly cannot be convinced otherwise.
you have so much financial freedom now and can do a whole bunch of shite with that money every month. yeah, be smart, but comfort and security is worth way more than many people believe.
Posted on 6/17/22 at 12:09 pm to Langland
quote:
My brother recently did the same thing. He said it decreased his credit rating
Doesn't surprise me at all with how that bullshite system works.
Posted on 6/17/22 at 12:10 pm to BabyTac
Posted on 6/17/22 at 12:10 pm to BabyTac
quote:
3.50%
Fify
Posted on 6/17/22 at 12:10 pm to BabyTac
Congrats! How far into your mortgage were you?
Posted on 6/17/22 at 12:12 pm to BabyTac
Me too. Feels good knowing that I can pick up the stakes and wheel this house anywhere I want.
Posted on 6/17/22 at 12:14 pm to BabyTac
quote:
Some say it’s not the most financially savvy thing considering my interest rate was 3.5%,
Congrats on paying off the mortgage but 3.5% is such a low amount it wasn’t the best move to pay off your mortgage early. Dollar would go a lot further in the market over a 30 year period.
Posted on 6/17/22 at 12:14 pm to BabyTac
congrats. I am 3-5 years away and can't wait.
Posted on 6/17/22 at 12:15 pm to theronswanson
quote:
Congrats on paying off the mortgage but 3.5% is such a low amount it wasn’t the best move to pay off your mortgage early. Dollar would go a lot further in the market over a 30 year period.
Just being free of debt is a wonderful thing in itself.
Posted on 6/17/22 at 12:17 pm to BabyTac
quote:
Some say it’s not the most financially savvy thing considering my interest rate was 3.5%, but what would I have invested that money in during these times?
High interest savings accounts will have rates higher than 3.5% soon.
Got an email today mine just bumped to 2%
Some pretty safe bond funds are prob at 5% now
This post was edited on 6/17/22 at 12:19 pm
Posted on 6/17/22 at 12:19 pm to Cosmo
I Bonds are 9.62% right now.
Posted on 6/17/22 at 12:19 pm to Eric Nies Grind Time
There you go
Damn, max i bond investment per year capped at 10000
Damn, max i bond investment per year capped at 10000
This post was edited on 6/17/22 at 12:23 pm
Posted on 6/17/22 at 12:20 pm to Langland
quote:
He said it decreased his credit rating.
Congrats to the OP, its a good feeling.
Your brother is correct, your score goes down without that account and its payment history....
Posted on 6/17/22 at 12:21 pm to GeauxJeaux78
quote:
Congrats! How far into your mortgage were you?
Im guessing not very long. Maybe this link was a sell for a house he was sitting on but this dudes threads are just all lies. Its usually him posting some random shite then logging for the day
LINK
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