3 Things I Learned After One Year of Living Mortgage Free

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In today's video I am going over some things I have learned while living 1 year mortgage free. Living the mortgage free life with a paid off mortgage has been a goal for my wife and I for a long time. We knew the freedom we would get back once our mortgage was paid off and to be able to live the life we want to live, true financial freedom. Anyone can pay off their mortgage early it just takes a little bit of sacrifice and hard work. You got this.
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[@jjbuckner]

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[@pennylane36]

It feels great! I can’t even remember when we paid off our mortgage. I think it’s been around 5 or 6 years now. We have no debt at all. We can now pay our property tax in one check. Same with car insurance, I pay 1 year at a time now. We save every penny we can, but we’re also 55 and 58 so we don’t really need to buy anything. The feeling of knowing no matter what happens, we have a place to live and no one can take it

[@happylistener4628]

Yes!. Congratulations!. I’m happy for you 😊. Freedom!. Debt free = stress free.

[@Justthemow]

All you do with term life insurance is throw money away get whole life or just invest that money why throw money away on something that will never give you any return unless you pass. Seriously

[@waxman9550]

🤣

[@lazstan]

@@Justthemow said the guy selling it .. and people who can't do math

[@FennaVa]

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 $2918 a month. We plan on still paying $3700 a month but are now going to do bi-monthly payments.

[@NowakJosef]

Try 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.

[@ralfbrown-kl1gp]

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.

[@marcellasilva4015]

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

[@marcellasilva4015]

Sharon Ann Meny, just check her out. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in 2021 April due to the crash.

[@HighHorsepower220]

Paid off my $247,000 mortgage when I was 39 (1999). I woke up daily feeling Mellow, no worries. Fast forward to March 2020 when Covid hit and I retired @62. $1,650 per month Social Security, cash, and other investments. No mortgage, No auto loans, No credit card debt, zilch. Only monthly recurring like food, gasoline, utilities, etc... life is good. My Social Security covers all my expenses and I still have money left over. 😊

[@jgator6694]

What do you do about health insurance? I am in same situation that you describe but hesitate to retire due to not yet being eligible for Medicaid 😒

[@abyss104]

@@jgator6694 what city are you in? If you are in NY, look up Senior pooled trust

[@mufasa2009]

What about property taxes?

[@jgator6694]

@@abyss104 I am not in NY. Any thoughts or suggestions on health insurance that is affordable until Medicare at 65?

[@brady3xox]

That is so awesome :)

[@wildwilly824]

I’m 44 and I’m making my last mortgage payment TODAY 🙌🏼🙌🏼 25 yrs paying it. Gonna be a huge weight lifted off my shoulders. So glad I worked hard and over paid. Great video! 👌🏼👍🏼

[@tinanolan1485]

Congratulations!! Awesome isn’t it well done

[@kay203]

you had a house at 19? That's more impressive lol....

[@tinanolan1485]

@@kay203 I too bought my first house at 19 I’m now in my fifties but it was more accessible back in the day I had a 100 per cent mortgage. Feel so sorry for kids today trying to get ahead is so hard for them.

[@mrchase1]

I love this, congratulations!!!!

[@AKcam7]

congrats!

[@ddm3548]

My wife and I paid off our home March 15th, 2022, 22 years early. We are now 100% debt free. I’m 37 and she’s 38 y/o, we have 2 daughters, 5 and 7 y/o. We now vacation more, invest in our kids future and enjoy our hobbies. Little tip, every time you wanna go blow $50 on something you don’t need, stop, open your mortgage app and pay $50 towards your principal. It adds up quickly.

[@c.b.6582]

Great idea! And congrats!

[@annadavis6361]

Well said.

[@farah6258]

Tq tq

[@-robster-robster-]

Similar to my story .Enjoy not owing anyone anything . But the key is longevity being happy and humble where your at , as theres a few hidden things that can reset all of this . Marriage / family splits , gamblling or lifestyle addictions , bad investments , Big unnecessary spends that get out of hand. Etc etc. Enjoy the debt free life , stay thrifty and content . Its nice to see the bank balance raise then make the big spends if desired.

[@ALXSSA]

I don't care what anyone says, THIS is my goal in life. Many people don't like Dave Ramsey and his ideas surrounding a debt free life, but just listening to you speak about being able to do whatever you want and not have a mortgage just makes me feel more at ease. This is why I continue the baby steps, I don't want to owe anyone!!

[@wahiawamang6622]

Do it Alyssa! I paid off my house Oct 2020. OMG. Awesome feeling. Paying it off felt like watching the grass grow lol . It’s crazy now. No mortgage, car payment, credit card debt. Savings is going through the roof now. Perfect in these uncertain times. Best of luck and forget what anyone tells you about “potential “ gains of investing the money instead. Take the guaranteed return. You can do it. Aloha!

[@alexanabolic5099]

The most important in your sentence is "i don't what people say"

[@kcender3771]

You won't believe the feeling and freedom you feel; nothing like it!

[@blaakcoffee]

👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿

[@PCConditioning]

I’m the exact same. “The Psychology of Money” book talks about this debate between paying down extra principal versus investing the money, and it’s simply a psychology versus math decision that we get to personally make. I sleep better at night paying down debt and so that is the choice I will make.

[@tinanolan1485]

Paid off my house in July - 10 years early. No regrets - 100 percent debt freedom in these uncertain times gives me so much peace of mind.

[@jjbuckner]

Freaking CONGRATS Tina!! So amazing! You nailed it.

[@cryptosavy9716]

That is awesome.

[@bmorris6156]

Amen!

[@edmusick7794]

I guess your income is low and you don't need a tax write off?

[@tinanolan1485]

@@edmusick7794 I’m in the UK we don’t get one

[@stevemlejnek7073]

Paid off my mortgage Jan 2021. Stepped down from a stressful job, to one less stressful about 6 months ago. The new job pays less, but my living expenses are lower without the mortgage. Now eyeing early retirement this year.

[@EB-gt1pq]

That is my goal… less stressful job and I don’t need as much money

[@paulmussett94]

Paid off my mortgage last month, 10 years and 6 months early by constantly overpaying. Its a great feeling!

[@ThomasColt]

It’s always good to have a financial plan. I work with a licensed planner and fixed-income strategist in LA that helped with my mortgage. The fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income

[@TheRothschild770]

People downplay planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like LUCY ROSE CARTER

[@SeanJohns-ze8ie]

I know Lucy, she is a CFP and I first saw her on the BBC talking about the crypto and real estate. And I just had to look her upon the WEB. I’ve made real good money since.

[@RoseBalerus]

I wasn’t sure with investing my mortgage money😭😭 but I’ve made over $80k from learning from Lucy and still bought my dream handbag❤️. Thanks😭

[@RobertDamanii]

Is it possible to get in contact with someone like that?

[@RoseBalerus]

@@RobertDamanii LUCY ROSE CARTER GOOGLE the name

[@edwardrhoads7283]

We bought our house 4.5 years ago. Started with 15 year mortgage. 2 years ago we refi-ed into a ten year mortgage but started paying double principle payments so that we could pay it off in 5. So we now have 3 years left.

[@mohammadwasilliterate8037]

Awesome dude keep going attack it😂🎉❤❤❤

[@user-oj3ip3qi9y]

Why did you refi in the first place?

[@edwardrhoads7283]

@@user-oj3ip3qi9y Much better interest rates. That was the point where those rates bottomed out. We sold points to get up to 2.75 on the refi so that our closing costs were pretty low. I think we have 3.4 before that but I forget.

[@johndeanconway7931]

Great content as usual, I loved this as I am about to invest in uk property with 70k deposit (plus fees and more savings for furnishing and decorating) to buy my own place, but I am also treating it as my fourth investment, having two spare rooms for lodgers to cover this property mortgage and tax costs... and to build my equity whilst working my day job for my next investment.

[@jessicamegan5850]

Hello, I am in London and am considering investing in real estate as a way to get some passive income. A few years ago, my brother purchased a home in a county outside of London. Because he was unable to find tenants, the property was eventually repossessed. As a result of this experience, I'm concentrating on purchasing real estate in London, where it's quite challenging to obtain a mortgage because of the high cost of the properties. Would you kindly recommend an easy way, where one may try to sustain these cost on mortgage?

[@kimothyolsen3858]

Houses are so expensive in the uk now. How would anyone pay off 400k plus, unless they want to commit to a ball and chain lifelong mortgage? Am I missing something? Seems like even if you had two professionals there that would take decades to pay off…?

[@donnahensley2459]

Generating returns are usually phenomenal. What would have been really interesting would be a proper breakdown showing their costs , services, investors return..

[@mondimlotshwa3958]

I'm currently overpaying my mortgage each month with money from investing. I'm on a no buy this year and my goal is to have my mortgage paid off in under 3years, hopefully sooner, so I appreciate and am forever open to receiving tremendous amount of value to achieve my target.

[@joerobert1801]

Nice Gregg I did my look online and got he’s profile socials, found he’s an asset coach and well established in the field. Speaking with him really change my view on earning diversity.

[@KateKaden]

I’m attacking my mortgage this year. I realize it will be years to the finale, but I’m so motivated and cannot WAIT to pay it off👊

[@jjbuckner]

A long journey starts with 1 step. You got this Kate!

[@alexk7405]

3:12 "...and you kinda have to say, ok, what are we going to do with the money now...." What a great burden to have 🙂

[@PenniP]

Hi Kate! I am also a subscriber to you too. You are so motivated, you get that house paid off in no time!

[@davideyres955]

I did that a few years ago as I wasn’t sure about my job. I chose to overpay and reduce the monthly repayments. That way each time you over pay enough you see the next month costing you less. You keep the term but if you take the reduced monthly cost and put that in to the next overpayment then you’ll finish around the same time as if you chose to reduce the term. The plus is that if something changes and you have to stop overpaying your monthly payments are still less. So many people I know don’t keep overpaying because the end of their mortgage is 10 or more years away. Now my mortgage payments are £23 per month and I have 3 years left, interest rate hikes cost me pennies. The major thing is you now know if you loose your job the mortgage isn’t something you have to worry about.

[@managingmonasmoula9811]

I am aggressively tackling my mortgage loan also! I want to be debt free! I can hardly wait!

[@gmsjohn]

You hit it on the head dude. I paid off my place roughly 15 months ago and I smiled through most of your video because your experiences are very similar to mine. It's just more freedom in general. And my place isn't fancy either, I could probably buy something three times what it is worth if I really wanted to. But why? No need to go back in to being a slave to the lender.

[@bobchristopoulos5755]

Oh man. Let me tell you something. One of my top 5 life moments was the day I checked the register of deeds in my county and saw that my house was free and clear. I saved enough over time to pay it off and it literally changed my life for the way better. Peace of mind knowing that if something challenging pops up, and it always does, my home for my family is free and clear from anyone. One of my favorite things about it is all the interest that I saved myself and screwed the bank out of. Now I am completely debt free with a significant net worth. It doesn't get any better and just like you said, the feeling never gets old. Good on you man and thanks for making this video.

[@craigshannon4957]

Man, I know how that feels when my late wife and I paid off our first house in 2008. I remarried in 2017 and bought another house because my new wife didn't want to live in the paid off house, because it was something between me and my late wife. However, after divorcing the new wife in 2018, I started paying down all my debt again. Now, in about a week, I will pay off this new home. I also kept the other house and rent it out and am set to realize at least a 44% ROI on it this year. It could be a 70% ROI if the rental appreciates by 10% this year. So in 5 years I will have paid the new house off and saved over $150,000 in interest. I am already financially free since having 4 other sources of passive income besides the rental. Life is good and I'm about to become a grandfather at 65 yrs of age. Unless you have done it, you don't know how fantastic it is to know you have paid off that mortgage.

[@jjbuckner]

Wow Craig, that is amazing! You seem to be killing it. True goals!

[@craigshannon4957]

@Patric Bernier No, I'm no longer married and don't intend on getting married. I have had enough of that my lifetime.

[@blaakcoffee]

Wow!! This really motivated me. Congratulations!!!

[@cookieforawookie]

Hell yea brother!!!

[@Whatisit_1999]

No 3rd wife !

[@FinancialSelfReliance]

A lot of people are fighting for financial freedom and financial independence but what they are really wanting is TIME freedom, and you nailed it with this video... Great insights.

[@jjbuckner]

Thanks brother!

[@samr8603]

Paid off in 2018 and loving the freedom ever since. In fact it has led to me becoming more confident and taking a risk in my career. Which then led to me making more money as I didn't worry about rocking the boat at work. If I lose my job and have nothing else I can then relax knowing I own my house and cannot be taken away from me. There are benefits to help me get food if I need it.

[@25esimpson]

Yes!!! My wife and I are paying our house down like crazy people. Mortgage freedom is months away! Thanks for the motivational video.

[@christianburris3474]

I’m 51 years old and just paid off my home 2 days ago. It has not hit me yet that I owe a million dollar home free and clear. This will be the primary asset I will pass down to my 4 kids. I thank God he has blessed me with a desire to do this. I wake up just thinking this is mine. People in our society are so use to debt and they don’t realize the psychological toll this takes them. Yes, I could make more returns elsewhere but now I got a guaranteed return of a paid off use living mortgage free.

[@caroleades6918]

im debt free at 46 and saving 23,000 a year on no mortgage or car payment

[@jjbuckner]

Killing it Carol!

[@caroleades6918]

Less stress and I work when I want to

[@ThatGuyOnYoutube2]

@@caroleades6918 "bUt tHe StOcK MaRkEt" as it tanks. nice job Carol! love hearing these stories of achieving the dream!

[@caroleades6918]

i wouldn't want it any other way im loving no bills and i was just able to pay cash for a new truck

[@es330td]

Dave Ramsey says it best: if money was about numbers we would all handle our finances better but it isn't, it is about emotions too. A person will be better off financially if they invest instead of paying off the mortgage but the psychological value of having it paid off means something. For the person to whom that matters, they should absolutely pay it off.

[@mihaiconstantin-pau5116]

That’s why some people end up being successful- as they make the right decisions and not the emotional one. As long as they don’t end up envying the success of the ones that made the uneasy but better financial decision - all is fair

[@paulconner4614]

In his studies of people who went from nothing to millionaires the number 1 correlation was that they paid off their house. You are right that it is about emotion though as having that house paid off makes people a whole lot more comfortable with taking more risk in their financial investments allowing them to grow faster. For me it was a huge weight lifted when I paid mine off. Part of this was due to seeing what could happen when I was a kid and my Parents income took a hit and we had to sell at a loss and move. I never wanted to be in that situation where my kids had to change schools just because I had a temporary financial setback.

[@123lowp]

​@@paulconner4614 You should have used your home for leverage and bought 500k of MCD last month. If I had a home, I'd sell it and buy 100% S&P 500 with it. I don't think homes matter.

[@fictitiousnightmares]

@@123lowp Spoken like someone who doesn't own a home. LOL You don't think homes matter? So do you sleep on the street?

[@ryanmorris4995]

Reason most millionaires have a paid for home is due to the forced savings byproduct of paying off the house. Mathematically you’re better off investing the extra cash if you have a low rate mortgage but most people aren’t disciplined enough to do that consistently over time and not touch it.

[@brianb4745]

Lived for 8 years in Hawaii with a paid off mortgage. Sold the house moved to Florida and took on a mortgage. Sold that house after 2 years took a profit and another mortgage. Always unsettled when you have a mortgage. Sold that house (4400 sf monster)in another 2 years and bought a smaller house with cash. My savings, per year, because of the mortgage, huge electric bills, and taxes and insurance are over $50k per year. The taxes and insurance alone for my previous house were $21k a year. Now I’m in a 1500 sf house that’s paid off and my electric bill is $97 a month. My taxes are less than half of previous home and insurance is a 1/3. Crazy. Smaller house but no stress.

[@jjordan6066]

Awesome! May I ask what area you are in now?

[@RealGame101]

Buying a smaller home definitely has its advantages.

[@copiouscat]

Damn where was your previous Property taxes 😮‍💨

[@NaiSaetern-tp6fi]

I’m 43 and just pay off my mortgage today.. So happy.

[@mairacha3190]

Paid off my mortgage last year at 43, it was the best feeling and do not regret it.

[@nonawolf7495]

The best part about paying off my mortgage - is my job is no longer critical to my survival... If I get laid off or downsized, I'm not worried. In the 5 years I have been without a mortgage, I used that money to build a dividend portfolio that generates enough cash to pay for my household bills (tax, insurance & utilities) I only wish I had done it when I was as young as J.J. Nice video man!

[@tylermathews6668]

Bro, this is literally AMAZING!

[@alandavies1054]

UK 🇬🇧 viewer here…paid of my mortgage about 18 months ago…yeah it feels good but I don’t really feel that much better off…why ? I got made redundant from my decently paid job and have had to do really low paid , crappy jobs plus the cost of living in the UK has gone crazy…utility bills, food shopping and almost everything else has gone so expensive…how we would of coped with a mortgage I don’t know…it’s scary. I’ve now got another decently paid job thankfully and I’m now being as frugal as possibly and planning for my retirement…I’m 60 years old and hoping to retire at 65 🤞🤞🤞

[@shaunhenderson2071]

The wife and I paid our last mortgage payment at the end of December. Mortgage free starting a New Year!

[@anna_kendrick]

I have a minimalist budget. I pay an extra $100 per month on my mortgage & bank $1000 per month for a year in a high interest account. I also dump in anything extra I save monthly off my budget. I dump a lump sum on my mortgage at the end of the year. I keep my money liquid while drawing interest so I have it if I have an emergency available to me all year long. You don’t need a line of credit, become your own credit card!

[@discr1709]

This!

[@DownHomeMoney]

Yes JJ! It’s the smartest thing I did 20 years ago on my journey to FI! When you understand how we all go to work everyday to pay mortgages, cars and debt. You realize true freedom comes by being debt free! Love watching you succeed at a high level!!💪🏻

[@RealGame101]

I feel ya. Went from a brand new home to buying an old house for cash. It was beat up, but having no mortgage is a good feeling.

[@Francisco-Danconia]

Literally everything you said, my wife and i are also living. Paid off the house, zero debts. I don't even look at my paychecks anymore. I don't think about bills. Soooo much less stress, and i make 50k a year. I'm taking less hours at work now to focus on stock trading. Couldn't do that with crushing debt.

[@tpolerex7282]

Couple it with no car payments and you are golden. Even in expensive coastal SoCa and adding $100k to our initial $140k mortgage for renovations to a vintage house we were able to pay it off in 20 years instead of 30. We are 62 now but we’ve got a $2M house with a $3,100 property tax bill, $500 full (vision/dental) for two medical insurance (Cal Coverage), minimal utilities (solar/mild weather). We’ve lived frugally for decades but now have scads of cash to enjoy our retirement. Pay that mortgage off!

[@snackman2005]

Everything you said is spot on. My wife and I paid our house off in November of 2021. Like you said such a relief. Our mortgage was about the same as yours. I'm 60 and my wife is 53. We paid ours off in 20 years. Once it got down to about 15K we really got focused and made double payments. Like you said when my head hits the pillow at night I sleep much better knowing I don't have to answer to a landlord or bank.

[@briann8983]

Not having a mortgage gives you a lot of freedom. I was laid off from my job in 2017. Over the years I made it a priority to pay off my home early and save. The next month after being laid off I paid my home off. I worked for another year and was in a toxic work environment. COVID came along and because of paying off my mortgage and saving, I had not realized that I could retire (57). I have not looked back and enjoy not having to deal with corporate politics and games. Many people point out you can make more money investing rather than paying off your mortgage but there is something about knowing that your home is paid for and allow you to not worry and make decisions around survival.

[@turdfurgason8476]

Ugh, you can sell stocks and use dividends if you lose your job.😮

[@briann8983]

My point was around the argument of paying off a mortgage early or investing. It had nothing to do with me having a problem making ends meet after being laid off and eventually deciding to retire. My financial situation is that I have adequate reserves that I have been living off for over four years. I can choose whenever I want to touch my investments and at this point I choose to defer cashing them in so that they can continue to grow. I hope everyone knows if they are in a financial squeeze and have access to stocks and dividends that they can use them.

[@bluelightguy1]

Not if the stocks are in the toilet @@turdfurgason8476

[@mydiscworld]

Paid off my mortgage 3 weeks ago. House hacked for nearly 4 years and used it all to overpay the mortgage. Doesn't feel real yet!

[@jjbuckner]

Dude let’s goooo!!!! Congrats!!

[@tinanolan1485]

Congratulations! It didn’t seem real to me either and then when you receive the mortgage statement with a zero balance out came the Bollinger I’d been saving for that moment

[@toddspangler6669]

I bought a 85k house in 2002, lived in it till 2013. We paid it off in 2012, moved then turned it into a rental. What's better than paying off your house??? Having your paid off house pay you back ALL the money you spent and keeps paying after that!

[@AustinAirCo]

Bazinga. I did practially the same thing just a few years later than that. There's been some challenges with the rental, but for the most part it runs pretty smooth.

[@jdizzle6324]

You mean having other people go to work and bring you their hard earned money. Wow Todd......good job. You've put yourself into a position to force people to choose being homeless or pay for your lifestyle!!! Amazing!!!

[@toddspangler6669]

@@jdizzle6324 I'm not even charging what is considered market rent. 3bed, 1.5bath, on an acre of land with a large shed and a large outdoor patio for $1,175 per month. On a well so no water bill. If I sold the house and bought stocks with it, would you say I'm a greedy stock market investor? Also, I didn't raise rents by 20-50% like some did, I did below inflation at around 3%. Renters absolutely love the house and I fix things as quickly as possible.

[@jdizzle6324]

@@toddspangler6669 Thats great Todd, but you are justifying why you seek to have others supplement your income. You've done a deal with the devil (the bank) paying them upfront interest on the loan. You actually don't even own anything. You are RENTING to own HAVING OTHER PEOPLE PAY THE BILL. Of course the bank will let you sell the house.......THEY MAKE MORE MONEY THAT WAY. So Todd you've given the most common reply I receive. Lets reword it correctly. I Todd do make money off others but I could make more. Todd if you ever have to justify something, it means its wrong. Lowlifes just like you gobble up all the homes available to have other people pay them off. Starter homes are going for a cool $500k these days. Its because of people like you! Just think of all that work a man does to pay YOUR MORTGAGE.......but you could make more.

[@toddspangler6669]

@@jdizzle6324 The tenants didn't pay off my mortgage, I did, by working a 9-5 job. My lifestyle you spoke of when paying it off was never going out to eat, no fancy cars (car was under 10k, still is), no going out to movies, etc. I put the majority of my paycheck to paying to the principal of the loan. I saved for 3 years to buy the 2nd house ... again for 85k. When I purchased it, it was unliveable, had bullet holes in the siding, needed a new roof, and over 100 issues on the inspection report. I personally worked on it for 6 months and I made it liveable again. As I was fixing it up, people came up to me asking if I was going to rent it out again and again because they had a friend or family member that wanted to move there. The tenant again loves the property. One of my properties had a septic issue so I paid to put for them in a hotel nearby while it was being corrected. I never want to be a slumlord that doesn't fix anything and treats people horribly. As for taking a home away from someone who wants to own, understand not everyone wants to own because they don't want to deal with Maintenance among many other things. Plus, I usually go for houses that are abandoned and need work. This actually helps the supply of homes. I'm fully aware the government can take away a home if you don't pay your property taxes, but we all have that to deal with that with a home. As for 500k for a starter home, it depends where you live. There are starter homes in my state for around 130k that are move in ready.

[@amabledunn4189]

Thank you for sharing 😊 I am 68 and working very hard to pay my last condo !! So I can retire. You did it so young but my point is you are never to old to pay off your mortgage . 😊

[@raebird2662]

Saint Louis native here! Currently Georgians though. We have been debt free for a while, paid cash for our expedition last Sept for our 3rd baby coming anytime now. This year we started hammering down our house with a goal of 2 years max to pay it off and we are well on track! Already paid off 25k+ this year with much more to come off by December! I'm a nurse and looking forward to the freedom to not work or only work for recreation! Especially with littles at home! We will be 30 and 35 by the time we finish paying off our house! Thanks for posting this and keeping the motivation going!

[@DemetriPanici]

Not having a mortgage has to feel AWESOME!

[@jjbuckner]

For sure makes me sleep better at night lol

[@ak3ldama]

I read in an old book about the Great Depression that it used to be embarrassing to have a mortgage on your house. Let that sink in. Enjoy your peace of mind.

[@eplugplay8409]

Same here, been 5 months for us, fully paid off mortgage and 0 credit card and 0 student loan debt! It really does take anxiety off of your life as well as more freedom with less fear to make certain decisions in your life. For example taking more risks in your career is a huge one! I’m in my late 30s and wife early 30s and we are maxing out our 401ks and Roth IRA with still a lot left over a month!

[@blaakcoffee]

👏🏿👏🏿👏🏿👏🏿👏🏿👏🏿

[@michelarosier1918]

🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼💯👍🏼

[@hottesss]

Congratulations

[@jacquespieterse5135]

25 years ago i started working for a company who provided free housing .... so after my 3rd paycheck i qualified for a home loan and bought my first property to rent out ... I also "rented"my mom`s car to save money so i could afford to buy my own car cash, it wasn`t a beauty . but it was mine. So today im glad and proud the guidance my Parents gave me , starting from nothing I have just paid off my 10th property and never bought any car on credit. So at 44 i can enjoy my debt free live and drive my new Lexus

[@Fanta....]

i want a lexus... but im too early to justify it quite yet. soon my pretty ! lol

[@catherine4339]

I agree it feels fantastic being mortgage free, we have been mortgage free for 16 years and with how the world is we have peace of mind. When people say I own my own home you don’t until they pay that last payment off as the bank owns it so I encourage everybody to pay off your mortgage as fast as you can.

[@fictitiousnightmares]

Technically, you still don't own it. If you did you wouldn't have to pay tax to the city or lose it. But yeah, I understand your point, but just because the bank doesn't own it, doesn't mean the city doesn't. If you don't pay them they take the house. Same as the bank.

[@catherine4339]

@@fictitiousnightmares I live in England and we own it outright, doesn’t belong to any city we pay council tax not property tax, doesn’t work that way in England.

[@Christensen554]

I had a difficult time picking between paying off my mortgage and investing. I’m glad I did the later. I’ve been watching clips on youtube for months now and with professional help, I’m making outstanding progress.

[@FentonLounge]

Paying off mortgage is an investment !

[@Novakissla]

Same situation here. I’m seriously considering investing. How are you doing it and what do you think is the best approach for someone who is just starting out?

[@Christensen554]

Herman Jonas is the brain behind my success. I've gotten into a plethora of assets with $43k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now I sit back, and just reinvest at intervals while I handle my other businesses.

[@Pambegay]

That's your view. In my experience, there is no such formula, It is nearly impossible to achieve success with investing. It’s all just gambling.

[@joshuaamoroso4809]

It’s not an investment that gives you cash flow…

[@wagstaffe7]

I've been mortgage free for 33 years. Now my property taxes are more than my old mortgage payment. But being free of a mortgage is wonderful.

[@DashCamera]

So true!

[@fictitiousnightmares]

Sad.

[@PotBanginEejit]

My wife and I went into a bank branch to formally make the last payment on our mortgage (about 10yrs ago now). Afterwards, we celebrated by... going home and having a nice cup of tea. It was probs about 3mths later that it actually hit me. It's like a weight comes off and you just feel different. I can't really explain the feeling. It's kinda like knowing that your life now has fenders. It took me a while to get used to it and I'm not sure it ever became completely normal. Unfortunately I'm now reminded of that feeling thinking about how other people are _currently_ coping with life, mostly silently and just wading thru the days as best they can. And for anyone who's currently _renting_ ...I just can't even.

[@EB-gt1pq]

I can’t wait to have that feeling!!

[@PenniP]

Hi JJ, I have been a follower for a long time. (From the Nattie days!) I retired from the Airlines 1/1/2022 and the house (in San Diego) was paid a week later. Our mortgage was also about $1000 a month, so know we fullly fund our Roth IRA. I volunteer at the San Diego airport USO and help airline employees with their 401k part time. Financial Freedom is AMAZING!

[@davidfence6939]

I think Ramsey's basic steps work. Budgeting changed my finances immediately. I quit living paycheck to paycheck. Still have $25,000 of my $42,000 student loans left and roughly $13,000 in credit card debt, but I has nearly $19,000 in cards and was over drawing my bank account a few months ago. Almost rid of one credit card. It's not always quick. I'm a single guy so no second income to put towards it, but I know I'll get there. It's always great to see how far others have come with their debt.

[@jjordan6066]

Congrats to you sir. The hack I used for pt money was Security Guard work at a hotel. Nice and chill and easy money.

[@tinanolan1485]

Well done David keep going - you’re nailing it. Debt freedom is the best feeling ever - promise you it will be worth it. Wish you the very best.

[@DrawnInk1]

How’s it going David, keep going.

[@aviewer9516]

Good for you! We're all pulling for you!

[@nigelmiller951]

What a loser getting into so much debt in the first place

[@iBJanky]

There's nothing I want more than to completely pay off my mortgage. Congrats to you, JJ! May God continue to bless you and your family! 🙏

[@Colbycrab]

Congratulations on paying it off! I just got under the 100k mark last month on my mortgage and the end actually feels in sight!

[@trex7359]

Congrats I remember hitting the 100k mark now at 55k and getting closer keep it up you will be there before you know it .

[@Colbycrab]

@@trex7359 thanks! It’s been a tough decision between paying it down faster vs investing in a down stock market. Doing a bit of both for now.

[@OdintheGermanShepherd]

Planning on having mine paid off this time next year…I can’t wait…so excited.

[@MinhNguyen-ic2tq]

Im almost done paying my mortgage too! June 2023 is my amortization date. Giving one final push in overtime work to get it all done!

[@libbywish7123]

Congratulations you are blessed. I’m a single income family and I have a long road ahead still but I love to hear other people’s inspiring stories. I’m 52, raised my child without ever receiving one penny of child support. I just keep taking steps to get where I want to be. Enjoy your well earned rewards.

[@frazicl]

Paid off our house in 2010. Your car analogy is dead on. 12 years later and everyday we have that new car feel with paying off the house. I don’t argue with those that say we should’ve taken the diff and put it in the market because you are right, but instead of taking a few dollars and putting it in the market over time, we got to take ~$1500 and drop it in the market. This did a couple of things, we mentioned the first, the feeling of being free of a mortgage payment is the “Happy happy Joy joy” gift that keeps on giving, but second is even bigger. Our savings and investment plan exploded well past what we imagined. Yes we blew the first free payment. Well deserved! But after that, we paid ourselves instead of a mortgage company. Accept for the residuals that come with home ownership and life, we owe no one anything. We are debt free and retirement ready. People run around screaming “Freedom” and protecting their “Freedom” but are up to their eyeballs in debt. We may not agree with Dave Ramsey wholly on how to get debt free, but one thing is true. You have no clue what freedom really is until you’re free of loans and home mortgage leads them all.

[@stridecoaching]

Great job! We paid off out mortgage in August of 2021 at 39 ...it took 5 years to reach the goal once we decided to do it...game changer! Thanks for the video.

[@one100billneoone4]

AMEN! I have been experiencing those exact same feelings tor the last 5 years!! And you’re absolutely correct, never gets old!! Congratulations and keep on living and enjoying life brother!!

[@manolocalifas6488]

No mortgage and no debts fosters less stress in my life.

[@KITTYKITTYBO]

Well I am the 52-year-old couple years older than you said who is on fire about the mortgage. Of course I wish I had done it when I was younger but I just wasn’t awake to financial responsibility. However after a job loss and going through a foreclosure end that is my fire. I never want to be in the situation where something unexpected and out of your control can take away your home. And if your home is paid off no one can take it away but if you have to downsize it within your control to sell it and go to something more affordable if necessary. I do have to keep reminding myself when I daydream about this that I live in a very high tax area and well maybe not as high as others, but for the house I live in it will still cost me $600 a month for taxes and insurance. I’m so excited for you and so proud of you and your wife for being so young and so awake and obtaining that goal. There’s another channel called his and her money and they have their home paid off for three years now, and they said even after three years that feeling has not changed. And I can’t wait to join you with that feeling!!!!!

[@johanlorenzo]

PEACE OF MIND IS PRICELESS!!💯 Good for you, brother. Happy for you, man! 🎉🎉🎉🎉

[@jjbuckner]

Thanks Johan!!

[@pavelzaro1471]

Man, idk you, and this is my first time watching ur channel, but I'm just so happy that u were able to accomplish this for ur family. That's what a real man is.

[@erdevon3257]

Paid off my 2 mortgages aged 30! Loving life

[@tractioncontroloff9796]

Starting baby step 6 next month. It seems pretty daunting, but I can’t wait to tackle this hurdle! These videos are very inspiring, thanks!

[@johnrose9975]

Good video! We’re on track to pay off our mortgage next year. Can’t wait to experience these feelings.

[@ghggp1]

My goal is to payoff my home this year! I can hardly wait. Seeing the joy it brought to you makes it seem more real and attainable! Not having any credit card debt made all the difference! Small steps with a big g reward! Thanks for making this video to inspire others!

[@akhermit5213]

We started a 5 year plan to pay off our mortgage early. Have 2 years and 10 months to go. Paying every dollar we can in principal payments. It is tight but we are doing it. Watching your loan balance drop significantly every month is a feeling like none other.

[@andrewf4623]

You’re my kinda guy dude…. gotten so much grief from friends etc for overpaying my mortgage instead of sticking the funds into stocks etc (I mean it’s not like I don’t already have separate retirement accounts), but the feeling of being closer to mortgage freedom is more important to me. Not quite there just yet but on track to be fully paid off in 4-5 years, sooner if I get pay rises

[@pholliez]

This is the most important thing for me; I LOVE the security of knowing I can’t be kicked out of where I live.

[@journeyman_15]

Well done on paying off your mortage. It is great to own a house without any debt.

[@jjbuckner]

Thanks Nuhu!

[@davehope9144]

I bought well below my means and paid off my mortgage early. Instead of moving up or simply spending my “mortgage money” which I had always budgeted for I invested it. Now I’m about to retire very comfortably.

[@robertshoemaker9226]

Hello fellow missourian I agree with you 100% I have had my homes (2) both paid off for the last 3 years and the blessing that it has been for me in my mid 30s is not to be understated.

[@paprikadesign3339]

Great video! I am becoming mortgage free in a month by selling my house and moving into my investment property. Here in Australia property prices doubled in the last few years so I`m in the lucky situation of harvesting this growth on my house and paying off all debts. It will be the best feeling, I will feel the same as you do.

[@jazzyeric21]

I own a home in the US and two overseas along with two cars and all is paid off and I have never come close to regretting that decision. My quality of life is fantastic now!

[@steebies6990]

Congratulations and thank you for sharing your experience after having it paid off! It's a goal for our household 100%!🎉

[@izytonv]

I feel u brutha! I bought my house in '18 and paid it of in '21. I've been mortgage-free since then. Was able to save alot and now buying rental properties

[@crumbsmakebread890]

On my drive to work today I decided to pay off my rental property, and then I see this video. Thanks for the confirmation JJ

[@jjbuckner]

Boom! Perfect timing. Nothing better than knowing you own your house/rental property free and clear.

[@antonchigur764]

Im 45,i paid off my house last year in south florida and i thank God everyday. My mortgage used to be $1600 in 2013 when i bought the house and my insurance was $1100,last year they wanted to raise my insurance to $4500 so i decided to use my savings and pay it off since i dont wanna deal with banks ever again.

[@kckuc310]

It’s a great feeling and a big relief. Many people with a mortgage justify a mortgage with low interest rates on their mortgage but never put the risk into the equation

[@fireant1272]

It does feel good, paid off mine at 27 now just have to pay 600 per year in property taxes.

[@Riggsnic_co]

I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

[@martingiavarini]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@bob.weaver72]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@TheJackCain-84]

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

[@bob.weaver72]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@TheJackCain-84]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@financialsuccess870]

Congratulations on getting that mortgage paid off!! I paid mine off at about your age as well and it was the best decision I’ve ever made. Don’t let your lifestyle change drastically and you will be amazed and Your ability to build wealth. I’m now 38, have two kids with good 529 plans, and my wife is able to stay home. Weve built a net worth of over a million dollars and now accrue more in capital gains than what we spend on bills.

[@shineyrow9001]

There is so much peace of mind from having your mortgage paid off. You really do look at life differently!

[@discr1709]

Not me. Keeping money liquid while paying off a low interest mortgage feels like cheating.

[@Peteliao]

35 years old, just Paid off my 215k/15 year Loan on mortgage in 3.5 years. I lived within my means/ lived frugally for last 3.5 years, saved 75% of my income and threw in the Principal. Now I am learning how to invest my money and travel the world!

[@vitran4141]

I did that with student loans and it is so nice to be debt free.

[@michaelkeudel8770]

I saw a huge gain after paying off my house, because for the last 3 years I've been tossing every spare extra dollar into getting rid of it. Since paying off my mortgage in January, I've saved close to $10K, and that's even after emergency car repairs, new couch for the basement, new couch for the living room, an arcade cabinet, a 75 inch 4K TV for the living room. I finally have the cash to do everything ELSE I haven't had free cash to do, and a 3 year plan to do all of it.

[@debjustdeb3543]

Thanks!! Very inspiring!! 10 years to go!! (Trying to get it down to 6) Congrats to you!!

[@lamar1423]

I had that as my primary goal the minute ink dried on my contract. I am so glad I did it. Having a home that is paid for has made the financial downturns easier to weather and created an asset in the process. Whatever I do with the property as it stands now I am ahead of the game.

[@DavidWilliams-lo8bq]

I'm 58. I paid off my Mortgage at 48. I worked my nuts off after getting a mortgage at 21. I also paid into a pension from age 24. I studied and got various qualifications for the role I do now, all self-funded including a bachelor's degree all in my own time after work. I semi retire with my pension in two years and become a two day a week consultant. In life, you get out what you put in. it's what a lot of the younger generation don't do and understand with their useless degrees and expect everything with Beenie bags at work and a free ride. It's not their fault, it's the education system we have, spoon feeding them crap instead of real-life skills in a real world.

[@jmfs3497]

I bought my first home in 2019 and I'm nearing 50 years old. I'm paying an extra 10% towards the principal every month. It isn't a ton. It took me a long time to get on the right career track, but even owning a house I can afford feels more secure better than renting. The house was in bad shape, and I'm putting a lot of sweat into it. I am hoping every year feels a little cheaper.

[@nallan2538]

It's been almost a year now I paid off my mortgage and I do not regret it a single day I was 26 when I paid it off and now i'm 27 living quite comfortably

[@fuse98]

This video puts Dave's saying "Live like no one else, so later you can live like no one else." into evidence. It's awesome to see other people at young ages finding the joys of living debt free really brings. Cheers

[@danieldpa8484]

The freedom is priceless - did the same 3 years ago and already build up a decent dividend portfolio

[@mayyang8350]

Thank you for making this video. I feel so inspired by it.

[@danferritto1]

Congratulations! My current goal as well! People only see a 2% loan and fail to factor in more capital every month and less risk.

[@jjbuckner]

Yes so true! Kill it Daniel!

[@Holdeenio]

Congrats dude! Glad you're still enjoying that freedom a year on. I think intentional lifestyle increase, shouldn't be viewed negatively like unintentional lifestyle creep. You can actually afford those luxuries you had forgone for so long to achieve your goal and should be proud. Most people can't manage/resist the pull toward instant gratification and would just borrow to enjoy today. It's also cool to hear some balance in the invest/pay off debates.

[@darrenstoddart8673]

I agree, and lifestyle increase for experiences and events that enrich your life in some way is a worthwhile expense in my eyes.

[@novaricos]

Well-done! Enjoy your wonderful peace of mind and depending on how fast you did this, you may have avoided paying 2 or 3 times over for your property, which a regular 30-year mortgage does, with all the interest over the years! Now, file a 'Declaration of Homestead' on your mortgage- free home. Costs about $50 to file and protects your primary residence in case of any lawsuits, ie: someone slips on your walkway!

[@granitemoss1451]

Got my listening ears on as we will be mortgage free this summer. We are already running numbers and talking about things so we have a plan in place for all that 'extra' money when it happens but I'm interested to hear input from those who already have been there. I know it will be easy to become wasteful with our money if we don't have a plan.

[@AnonYmous-UserNotFound]

Just about to move into my (first) $356k house, with a $241k mortgage, in my late 30s and already I can’t wait until I’m mortgage free. Goals!

[@galupproperties3098]

When I paid off my first rental it felt amazing not having to ever worry about a mortgage. Sure you’d make more probably investing that money but if you get sick and can’t work and the market tanks how is that helping you.

[@thomaschew2191]

We have been mortgage free for 4 years, a 15 year paid off in 13 years. Even after 4 years I still get that great feeling I had the day we made the last payment. We own this place a fantastic feeling as you say never gets old.

[@dm3988]

We paid off our mortgage 12 years ago. Your video was nice to listen too.

[@jimmbboe]

Congratulations on being mortgage free! That's awesome!

[@jjbuckner]

Appreciate it!