Congrats on being mortgage free Cappy! Your cost of living just dropped a lot. Having a paid for home means you can survive economic downturns with minimal problems. I was laid off from banking in 2009 and worked temp jobs till 2013. Life pretty much stayed the same for me.
Peasants and preppers know to secure shelter, food and water first, instead of pissing away money on toys.
you might read early retirement extreme if you haven't. this guy cut his expenses to 7k per year and retired on about 200k before 40. I don't advocate that(he gave up owning a car and is basically a homebody for being so extreme), but you can live below the poverty level retired pretty cheap with no mortgage and any other debts.
Grats on paying off that mortgage. As someone who paid off his $35,000 debt not too long ago, I think I understand the feeling. Enjoy that lower cost of living!
Hey El Capitan, now that you're paid off, what are your yearly costs for owning your home? Under $5k?
ReplyDeleteCongrats on being mortgage free!
ReplyDeleteCongrats on being mortgage free.
ReplyDeleteMy sides are splitting. XFD
ReplyDeleteCongrats Cap. Enjoy the ridiculously high cash flow that will result in (or even the opportunity to have an even better fun:work ratio)
ReplyDeleteCongratulations Capo! To infinity and beyond!
ReplyDeleteWay to go!
ReplyDeleteBurn that mortgage for us! Light a stogie, light a m-320 and "celebrate the independence of your nation by blowing up a small part of it."
Congratulations Captain! Happy Independence Day!
ReplyDeleteWarm regards,
Doc
Congrats cap!! Happy 4th everyone!!
ReplyDeleteSell it, and get out of commiesota.
ReplyDeleteCongrats on joining the club, Cappy! Too bad we still must pay property taxes but que sera.
ReplyDeleteCongrats on being mortgage free Cappy! Your cost of living just dropped a lot. Having a paid for home means you can survive economic downturns with minimal problems. I was laid off from banking in 2009 and worked temp jobs till 2013. Life pretty much stayed the same for me.
ReplyDeletePeasants and preppers know to secure shelter, food and water first, instead of pissing away money on toys.
Belated congrats on being mortgage free !
ReplyDeleteTrying to do that next year myself.
you might read early retirement extreme if you haven't. this guy cut his expenses to 7k per year and retired on about 200k before 40. I don't advocate that(he gave up owning a car and is basically a homebody for being so extreme), but you can live below the poverty level retired pretty cheap with no mortgage and any other debts.
Grats on paying off that mortgage. As someone who paid off his $35,000 debt not too long ago, I think I understand the feeling. Enjoy that lower cost of living!
ReplyDelete