Why I Live A Debt Free Lifestyle (No Mortgage)

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Why I Live A Debt Free Lifestyle (No Mortgage)
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DISCLOSURE: I am not a financial advisor. I am sharing my personal opinion on all topics discussed in my videos. Please seek professional advice when needed.

[@jjbuckner]

► Join The Money Mastermind Community Discord for FREE and Become Part of a Community Dedicated to Mastering Money! From Budgeting Tips to Investing, Let's Achieve Financial Freedom Together!: jjbuckner.ck.page/0c07ddda41

[@HenryKatty]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.

[@WalterDorcas]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

[@soniajames-tn4mp]

I totally agree; recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

[@HenryKatty]

Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

[@soniajames-tn4mp]

"Angela Lynn Schilling" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.!

[@HenryKatty]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.

[@bryansmith2824]

I’ve got $7k left on my mortgage. My goal has always been to have my house paid off by the age of 40(august of this year). And it’s gonna happen! Never had car payments which has been huge in getting the house paid off.

[@cryptojuan5897]

Make sure you find an investment to help pay off yearly property tax You never really truly own your home

[@one100billneoone4]

Congratulations! I also became 100% debt free at age 40. It’s been 8 years living debt free and it’s been amazing!! True FREEDOM!!!

[@biscaynesupercars]

Congrats. Thats huge

[@sall7029]

No mortgage, hopefully you have over 1 million saved.

[@BREEZYM6015]

I'm 51 years old and bought a townhome in September of 2023. I have a long way to go before paying off my mortgage.

[@darrelldyer7291]

Paid off all my debt after a roller coaster ride trying to do it. I will never go back into debt ever again! Retired now.

[@nathanielcarreon5634]

Paid off mortgage in ten years 21 years ago. Best financial decision I ever made

[@ep1929]

Finished my mortgage early in March 2023. I have zero other debts. It's been a total game changer - no pressure whatsoever. I live very frugally and the cost of living crisis is having no effects.

[@nicolasgirard2808]

Homeowners have it easy in this economy

[@batmansillo]

I live debt free ♥️ I live in Puerto Rico. When my mom passed away i inherited a piece of land from her and i built a nice cabin all cash. Sure, its not a mansion, but i sleep easy every night knowing its all mine and not the banks.

[@sales_coach_ai]

That’s awesome, happy for you!

[@Lionheart_He-Man]

You the man! 😇

[@michaelwool5960]

Your not debt free. You owe on your rentals so your more in debt than anyone.

[@JustCallMeInsane]

I graduated with almost 100k of student loan debt. In 2020 when the world went upside down, I had about 80k plus over 10k in CC. My total debt today is 34k and just student loans. It can ALWAYS be done.

[@jjbuckner]

Absolutely legend!!!

[@Veganisbadhunter-wx5nt]

Great job! Killin' it. 👍

[@adityapatel9735]

insane

[@bradtrades]

Freedom and Enough are the two most important concepts in finance.

[@jjbuckner]

Mic drop

[@nzmoneykarma]

Borrower is slave to the lender and all that….. getting rid of the mortgage was the best decision we ever made!

[@rjwilliams1986]

Similar situation - end of 2023 I finally paid off the last piece of debt, the mortgage. Not having payments on anything is the greatest feeling ever. IDK if I could make more had I invested the money I paid the house off with. The peace of mind is real.

[@jjbuckner]

The ultimate goal!! You did it and could not agree with you anymore.

[@Drew-l3r]

Good job ! We have been debt free for a while. Good luck to you and your families 😊

[@johnbrooks1188]

Totally agree. I have no debt either. My nice but modest condo is all paid for; my 20-year car looks good and runs great -and cost me $5K six years ago. I can afford to travel to see my adult kids.

[@jjbuckner]

The ultimate dream!

[@randombandit362]

Does the condo have an hoa fee? That’s kind of like rent, but nobody gets completely out of debt due to always owing taxes and utilities, but still great work having no payments attached to an interest rate

[@turbografx7]

paid my house off last year. best decision my wife and I made. having no mortgage has made raising 3 kids much much easier. Now we're focusing alot more investing and doing more fun things with the kids.

[@jjbuckner]

Yes!!!!! Love this!!

[@cherylhills3227]

With around $250k to invest, what's your advice on entering the market? I'm considering replicating the strategies of experts instead of investing independently to avoid both financial losses and emotional stress. What are your thoughts on this approach?

[@AliciaCrone]

Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.

[@Sanchyfab]

No doubt being financially free and able to afford these luxuries cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.

[@ericbergman7546]

Agreed, my portfolio is well matched for every market season yielding 60% from early last year till date. I and my advisor are working on a 7 figure ball park

[@christopherherbert2407]

@@ericbergman7546 Your financial advisor must be really good, I hope it's okay to inquire if you're still working with the same Advisor and how can I get in touch with them?

[@ericbergman7546]

That would be Eric Paul Elmer

[@emzywillrich7243]

I invested in a law degree that I paid for with my investment in the stock market. I was 35 years old when I received my J.D. and it has kept me employed as I head into old age. Debt-free is the way to live now in this economy!

[@halfunkbass2966]

I know this feeling of being debt free. Paying off your mortgage flips the script. You are no longer at the mercy of a job or a boss. You are standing strong to not be stopped to continue your quest for other personal pursuits. You are not beholden to nobody at work or to the mortgage bank. For someone to pull off paying a mortgage is a very discipline person, to say the very least. My California 5 bedrooms big lot was paid over over 12 years -- 7 years ago. It was a living nightmare of 12 years making payments like there was nothing else more important. The feeling being debt free never wears off...

[@kevinkidneyy]

This my goal next 8 years ! You living the dream .

[@Veganisbadhunter-wx5nt]

I agree.....lowers risk, more freedom with no mortgage. I paid off mine in 2020. So i owe property tax $4503/year and home insurance $568/year. Added up = $5071/year or $422/month to live in my home per month. Where can you live for $422/month anymore?

[@joseph10704]

I have always live a frugal lifestyle. Yes i did by a new car for my first time it was a 2020 corolla paid it all off in 2023 just started to invest into the stock market for the past 8 months now. Into Roth and a little in the brokerage focusing more on roth. I am also in a little bit of medical debt with my teeth. In the process of paying out of pocket for implants. But thats ok its. Investment into myself. And it was a need not a want. I have a high yield savings and a normal savings with emergency funds implace. Like i said i dont live a high style life. I live with my family and i help out at home. I dont make 100k a year its about 40k a year.

[@LAVISHLUXXSHOP]

Im finally debt free yall . No mortgage payment or car payment ❤️All my hardwork paid off 🥳🥳It feels so unreal .It took about 13 years to pay off over 450k.Never racking debt again !!

[@economicdevelopmentplannin8715]

Nice work. Great focus. No debt. Keep costs down to food and housing. Put everything else into the Dow gold ratio over the long-term. Best way to build wealth in America.❤

[@blanketwodahs6741]

@@economicdevelopmentplannin8715 Debt free is one way, not the only way. My wife and I bought a new house in 2018. Instead of paying down the mortgage, we route free cash into multiple retirement accounts. This saves us almost $30,000 a year in taxes and company matches. By year 3 we had enough additional money stashed away to pay for the mortgage entirely if we needed to. At this point today, enough money has been added that the dividends alone cover the interest on the mortgage. During this process our money is not trapped in the house as it would be in a debt paydown, all of the capital is available whenever we might need it. Over the long term this strategy can catapult net worth well over a strict debt free focus.

[@carlosv.1278]

I think an active social life is a trap and temptation to spend more. I am not very social person, just share with family and few friends. Zero debt and investing DCA style.

[@simonworsley8631]

Doesn’t sound like much fun chap, life is for living and people are generally social beings

[@MrJimmy3459]

You could be someone making 50k a year or 1.5 million a year but either way you can NEVER go wrong living debt free

[@KateWilliam75]

My hubby and I retired at 52 by doing exactly what you described!

[@RTD3]

I'm retired, well off and never owned a new car in my life. Good used car deals are ALWAYS out there.

[@ronaldhenry001]

Congratulations. Good job. The key is finding a woman that's on your page.

[@Ascendsean35]

Very important that you mentioned your wife being on the same page. Can't imagine trying to "win" someone over to think logically like that while they live a materialistic lifestyle

[@jjbuckner]

I won the lottery with her.

[@KevinNordstrom]

An easy divorce for sure.

[@ShutterSpeedGaming]

Facts 🎉

[@aribbonatatime]

This was me when I was single. No debt whatsoever however I didn't do a good job of staying out of debt when I started a family. At first it was manageable but it eventually got out of hand with expanses. I underestimated the level of attention needed to maintain a budget with my margins and a family to provide for. The margins where so thin with a family I need to literally track every cent to stay on top of things and I didn't have the discipline to do that. Trying to claw my way back out now but for the single guys out there just remember to keep that same discipline and even more once you start a family.

[@harrisiskandar8356]

Noted brother 🫡

[@emzywillrich7243]

I am glad you married a woman that allowed you to manage the finances. She is definitely a keeper!!

[@madison_kr]

I’m sure she is also glad she married a man that was able to! Good on both of them!

[@MultiPhonegeek]

I’m curious as to if you should quit your day job that you may not of really enjoy but got you out of debt once you become debt free and have everything paid off? With zero payments except living expenses I feel like you wouldn’t have to be at that job you don’t enjoy once that happens

[@blaxican]

I only one have one credit card. I pay it once I use it. My goal is to leave the U.S. permanently and start a new life in Europe.

[@jjbuckner]

Now that is exciting! Best of luck on the new adventures!

[@Josh-py9rq]

Watch nomad capitalist and unchained CEO man oh man soo much to learn from those channels!

[@blaxican]

@@Josh-py9rq I've watched a few videos from Nomad Capitalist. But, the income minimums to possibly obtain residency through investment is way too high. I am not a rich person. My annual income is laughable.

[@blaxican]

@@jjbuckner Thank you. Steps have been made. Just hope it all works out.

[@blaxican]

@@Josh-py9rq I know who that is. I've watched some of his videos. They're very informative. But, it's just the amount of capital that I have is laughable if I ever tried to apply for his services. Basically, I'm not rich like him.

[@PatrickAllen-yi9us]

Being debt free is freedom.

[@israelruiz8706]

The key to a happy financial life is getting rid of the monthly expenses. I noticed my stress is a bit lower since i payed off my car. Using a chunk of that monthly payment to pay off my student loans faster. And the rest i use to treat myself which makes me feel more relaxed

[@DownHomeMoney]

Great video! True Freedom comes from being Debt free! Super proud of you!

[@jjbuckner]

So true!!! Thanks Myra!

[@GeorgeForhan]

This is the first video I have ever watched of your channel. Great content!. In my opinion, achieving the free and low stress lifestyle you discuss is the result of at least three things: 1. A basic understanding of money and how to make it work to one’s advantage (this type of education sorely lacking in our public education system); 2. A mindset that relentlessly strives to achieve the desired goal of freedom from the burdens of bills and money related stress; 3. Thousands of (mostly) small (and some big) decisions over many years that align with the overarching goal and destination you have set for yourself. Great video. Very refreshing to watch. I think many can benefit from your approach.

[@jjbuckner]

Thank you and great points! To your #1 statement, that is exactly why I started my channel! To hopefully spread education to the masses.

[@janices3508]

Wow Good for ur wife.. you guys did a very good job 👏

[@jjbuckner]

I won the lottery with her!

[@emzywillrich7243]

I have reached the same level of debt-free lifestyle.

[@snow40741]

I agree with you...I also am totally debt..no car..c/c, student loans or mortgage...the option I have is that I was able to scale back and just work part time for the health insurance...and still be able to save money every month and have more time to do other things...I thought I would work this way at 62 1 /2 until 65 for medicare but its nice to be able to do this in my 50's!

[@dan_ferritto_REAL_broker]

I also believe in a paid for personal residence and leveraging investment properties. I treat a personal residence like a liability since it doesn’t produce income. Constant taxes, repairs, maintenance, etc.

[@jjbuckner]

100% agree!

[@MrJimmy3459]

You never heard of Equity? Your personal residence will go up in value

[@blanketwodahs6741]

I carry a mortgage and have no intention of paying it off. Money I could use to pay it off is instead routed to deferred income accounts. The taxes I save every year doing that are almost triple any interest costs, and that's before investment returns. Net worth since 2018 when I moved into my new house is up over seven figures, some of my accounts are returning over 20% a year instead of 2.85% on the house. By 2021 I had diverted enough tax free cash to fully pay for the mortgage balance, so there is no concern at all for me about having to pay a note every month, either now or for the next 20+ years. Tax management seems to not get discussed very much in these youtube finance circles....

[@jamescares9003]

you are not debt free when you have a mortgage on a rental property

[@TaylorZ2]

You must be loaded! I live in NJ and there's no way a young person can buy a house cash unless the parents fund it.

[@jjbuckner]

Not loaded. Just made wise decisions since my teens.

[@simonworsley8631]

@@jjbuckneryou haven’t explained how you did it?

[@MuahMan]

My cheap ass 100K 1200 SQ ft home is paid off and I make around 75K/year. But I'm still broke and have to have a car loan because I have to have a car. My car note is only 12k though. No credit card debt. But still struggling to have enough money to meaningfully invest. Taxes, Insurance, HOA, and everything has doubled in Miami so it's tough.

[@aurasphere87]

Hey brother, great video! You are very inspiration and congratulations on your success. Last year the girlfriend and i committed to the plan and paid off all of our debts. I recently invested in a pc and streaming equipment to give content creation a try hopefully allowing me to relinquish the 9-5 one day (ill gladly work in excess of those hours for myself). Earned a sub, thanks 😊.

[@rsundlov3605]

"Money flows to where its treated best." Thx for being an example🙏🏽 Cheers from Sweden

[@jjbuckner]

Love that! Thanks for watching!

[@mikek817]

Your videos are quality. I appreciate all of your points and detail. Very inspiring.. thank you brother 🙏🏼

[@jjbuckner]

Hey I appreciate that big time Mike! Thanks for watching.

[@Jayvazquez15]

This Debt topic is something I’ve been applying to myself since I started investing, once I started seeing how my money continues to grow it motivated me to work on paying off the debt I have left and I’ve been doing so much better living frugally. Great video!!!

[@one100billneoone4]

It’s been 8 wonderful years of financial freedom for me to include being mortgage free. I also plan on staying debt free as it is amazing. You cannot put a price on the benefits you get for being debt free. For example, stress free life, positive attitude towards just about everything and anything, awesome sleep, flexibility to do or not do things, planning vacations without worrying too much about cost, peace of mind knowing you don’t have to “make/produce” a certain amount $$$ month after month just to stay afloat, and knowing you can take risks like investing in the stock market without worrying too much. But as you said, this did not happen overnight for me. I made sacrifices and continue to live a frugal lifestyle. I spend with intention. My wants have become my needs. By the way, rice and beans are great for you. It’ll do some folks some good and help lose some excess weight. Great video by the way.

[@brookeh2017]

What state do you live in? We live in a suburb of buffalo NY and our mortgage is paid off. I still feel like we're paying a mortgage though because of taxes and utilities

[@jjbuckner]

Bought a house in Missouri. Luckily our taxes and insurance are still relatively cheap compared to other parts of the country.

[@Lionheart_He-Man]

Someone else suggested in the comments to invest your disposable income into investments that can generate the money it would cost to pay those property taxes and insurance, then technically, something else or another investment can cover those ‘mandatory house’ expenses. 🤓

[@Bakesonline]

Id hate a mortgage, id want to either buy it outright or put down like 80% of the price.. a goal of mine

[@justindaniel5959]

What will you spoil yourself with after your mortgage loan is paid off?

[@Mariner1460]

I know being mortgage free “feels” good. I don’t have one, but then my house is a relatively small percentage of my total net worth. If you are young and your house is a large percentage of your net, then aggressively paying off a mortgage (assuming it is low to modest interest rate) may not be the best way to build wealth. Instead, consider leveraging the hell out of that cheap money. If you have an extra dollar, invest it and let it start compounding. Don’t dump it into your primary residence where it’s locked up. Yes, your house will likely appreciate in value, but that’s the beauty of the mortgage-your payment stays the same, and you get to keep 100% of that appreciation, sharing none of it with the bank.

[@OurRetireEarlyJourney]

Its so darn liberating to be debt free. The weight of having debt around your next is heavy. We have been debt free for years and now driving towards an early retirement. We couldn't have done that with debt.

[@Doors067]

I bought 100 boxes of evolving skies pokemon cards when they came out for $90 a box. You can do the math

[@insomnia9999]

I bought my home in 2021 I’m hoping to have it paid off by 2031. Only other debt I have is student loans 😢

[@Ronaldinho1996]

Off topic man, but those monitors look beautiful. Mind sharing the model of the monitors?

[@c-p1976]

Awesome. Very smart!

[@jjbuckner]

Thank you! Cheers!

[@myfobtofabjourney9289]

Thank you so much for this awesome video and greatly appreciated it ❤️🙏🏽👍🏽💯🙌🏽

[@NSGLiv]

Damn no mortgage I know you’re balling I can’t wait to sell my house next year so I can buy some land for cash build my next home

[@CalmPlains]

Acts debt and risk free whilst carrying mortgages on rental properties.... F

[@DannyDaCat]

Annual real estate taxes are still debt that never go away. So no one who owns a home is ever debt free and always owes someone money. As well as utilities, groceries, lifestyle, etc. so this whole “debt free” is a myth and a fallacy.

[@dscott6616]

Easy to do in Missouri when one can buy a home for under $200k lol try doing that in British Columbia Canada where real estate prices are almost 12 times the average income

[@jjbuckner]

I wish my house was that cheap 🤣

[@lensflare336]

Good principles!!!

[@AnnaSzabo]

Man, I respect you so much! I can imagine how well you sleep at night

[@teebone2157]

I have one credit card and a mortgage left and the credit card is under fifteen thousand we will officially Be done with that by december and then we're gonna destroy the mortgage in three years

[@halfunkbass2966]

I extended my overall physical and mental health having a paid off house.

[@alphaomega1351]

Smart man you are. 😳

[@skaterzrule4]

$4k left on my BRZ. that’s it then I’m debt free at 28

[@Blue_____Sky]

Thank you for this video. Inspiring!

[@ScubaCody]

So in other words you just identify as being debt free Hello everyone today I’m going to explain why I’m 100% vegan, I’m only vegan at home tho, outside the home I eat meat. But I’m vegan. Just pulling your leg man. debt free lifestyle is amazing

[@jjbuckner]

Go scuba dive Cody. 🤣

[@ScubaCody]

@@jjbuckner 🤣🤣 not a bad idea bro! Glad you can take a joke, you’ve earned yourself a new subscriber

[@krzysztof-tomczyk1982]

Living debt free it's means you are not smart.

[@rynewilliams]

All very well said man...I love it when you talk about this stuff haha. It gets me psyched. Living a low-overhead lifestyle is such a freeing thing, and in my opinion, is actually really easy to do. It helps to have cheap hobbies -- working out, reading books, etc.

[@MrRach19]

Really good points! We’re aiming to be mortgage free too. …Is your tongue blue?

[@jjbuckner]

It is… 🤣

[@jimmywalters3071]

I owe on my townhouse and truck but both are under 3% interest rates..and I can pay them off today if I wanted to. I'm currently earning 5% on my CD's .. paid them off so my total debt is less than 100k . I do own other property that is paid off , a beach condo and have a 17 SUV that is paid off.

[@DPhasely]

Dont get married if you want a debt free life.

[@economicdevelopmentplannin8715]

Opposite. Marry someone who also wants no debt

[@DPhasely]

@@economicdevelopmentplannin8715 lol...that's a unicorn I have not encountered yet.

[@nkoeppen]

Why not pay off debt on rentals?

[@vjnvisakh]

you are living the dream then

[@MrDark21knight]

6 years of mortgage I'm going to pay off in two years

[@BRIANCARRUTHERS]

🤦🏻‍♂️🛑 I have a $1.1M mortgage because I UNDERSTAND THE MONEY GAME and I can invest my cash and get 10%+ and only pay 4% interest on my mortgage. That 6% delta is profit in my pocket. These debt free people are novice in the money arena 💯💯

[@randombandit362]

Any debt with an interest rate below 4% isn’t detrimental. You’re better investing and paying the minimums on that debt. My mortgage is 2.8% so I’m in no rush. It’s my only debt

[@Stil1_loading]

I have had the same mindset with cars

[@simonworsley8631]

I’ll take a contrary view, I’m 48 and have savings and investments worth around £900,000 but have a loan to buy into a business and owe £800,000 on this being repaid over 10 years and still have a mortgage of nearly £200,000 as I helped my adult children buy their own house. Also have a car loan of around £50,000. I sleep very easily at night as the mortgage repayments and car payments are a very small percentage of my income. Having debt isn’t necessarily an issue as long as they aren’t taking a big part of your monthly income and you have assets underpinning those debts.

[@Mohammad-vk8cj]

sir you are hero

[@AdrianaStinnett]

Would you downsize your house to be debt free and have some money left over? I will be 45 in June. Me and my wife are debating doing this. We both think it would be smart. We also have a rental house we make a good profit on. The interest on it is 2.75. Please help?

[@bcusaaus4749]

Great message!! I’m ramping up my investments today!! Gonna cancel my booze weekend getaway 😂. 1k goes in my etf account

[@luisvilla799]

Damn I’m over shitting myself with 8.5k in CC debt and about a 10k cash net worth

[@wichertj3]

I agree with this and strive to be debt free. However the thing that sucks is still owing taxes/insurance on things like a home/car. You never truly own anything.

[@marcuss6737]

I love this video , I live similar lifestyle. Few questions- when did you start investing? When did you pay off first house?

[@Emeraldice]

My mortgage has been an incredible asset getting to borrow 300k and pay it back with cheaper money later Is a great deal.

[@CPMG2000]

No debt here. Took a while and even got criticism for doing so. I admit the feeling is great especially owning my home.

[@MegaKg9]

Thank you for sharing very eye opening

[@jjbuckner]

Thanks for watching!

[@milkmaned5770]

You never talk on what kind of job you have How do you make a living?

[@blackfiree91]

Choosing “not to pay” a mortgage sounds more look “i had a boat load of cash”

[@jakeforrest]

This goes fine along with what Matt Carriker (Demolition Ranch) said in one of his recent videos. “Always live below your means” I couldn’t agree more ! Another thing is I have chosen to have 2 cars instead of 1. So instead of buying 1 expensive car, I have bought 2 used cars, from 2005 and 2006. In that way, I always have a working car. When one car is in the repair shop, I just drive the other one 👍💡😇 I have a friend with a car that costs around $70.000 (!) and he can’t understand why I don’t buy a luxury car like him!

[@batman9512]

We have one extra car just in case a car breaks down. Haven't had a car payment in almost 20 years.

[@jjbuckner]

► Sign-up for a 1-on-1 Financial Coaching Call with me. Let's get you back on track financially (LIMITED SPOTS AVAILABLE): forms.gle/7cQZt3xc1Kgema649

[@87hallzy]

@jjbuckner. What will you do when you can't make money to pay for property taxes when your 75, 85 or if you get injured? I like a paid off mortgage too, but my property taxes are 1/3 of what my mortgage was. We aren't even talking about maintenance for home emergencies. So much videos on KZbin just sounding like we're free, just buy groceries and have the lights on. That can't be your plan, I must be missing something. People will watch your video, pay off their mortgage, just make enough to pay utilities etc and be screwed when they retire because they say well, I'm free. I'll just pay my bills. At some point you need substantial retirement savings other than an illiquid home. You probably have some other income, but people may misunderstand your advice and think they crossed the finish line when the house is paid.

[@DepthWish]

@@87hallzy - that is the other component he could have mentioned but implied that he has rental properties which generate income. People should never take debt on depreciating assets. It's been said for some time. Multiple sources of income (rents, dividends, interest, etc.) provide stability and resilience and freedom. That needs to exist at a level to afford a modest lifestyle.

[@raymond_sycamore]

Just those pesky property taxes… you will STILL lose your house

[@MrDark21knight]

Liar

[@marcus5546]

This is the Way

[@dcr8983]

Again?

[@eightsprites]

Subscribed

[@ChinithaJohnson]

Love this

[@toddcole1805]

Would you break into your emergency savings account to pay off your car?

[@Namedeeznuts]

Nooo, unless the payments are killing your gains and you can barely afford to get by.

[@jjbuckner]

I think it depends on how much you have in the emergency account.. If I could keep around $3K to $5k in emergency fund, I would use the rest to pay off the car and be done with it then get the emergency fund back to fully funded ASAP!

[@itsAlexMIA]

💯

[@jjbuckner]

🫡