Mortgage Loan

Paid out off My Property finance loan in 7 Many years





I paid out off my mortgage, let me make clear how and why. How did I generate the dollars? What about opportunity charges? Tax code improvements for 2018 could also have an impact.

My other Channel T-shirt, Honey Badger T-shirt:

(Get a free of charge audio book just for making an attempt.)

(Support far more video clips like this together with having a bunch of perks.)

(Buying any solution soon after clicking my website link helps my channel.)

My Channels:

source

25 comments

  1. Trump helped you with the standard deduction tax changes?

    Reply
  2. So glad i found this channel! Btw would you mind telling us what your property tax amount is?

    Reply
  3. If you don’t pay the property tax the City can foreclose on your house. As he’s making less money, the tax write off for the mortgage is less meaningful for him. Hopefully the Tax Code reverts or changes in future.

    Reply
  4. Good for you man. Inspiration

    Reply
  5. Can you do a video on itemized vs standard deduction? My husband and I have 3 kids and average around 55k. Our house and taxes only add up to about 7k, so we always choose the standard deduction. It seems like everyone else earning more, itemizes and gets back thousands. And they say the new tax law hurt their return, but I had an increase in my return.

    Reply
  6. I live in a country where you deduct total interests (not one standard sum) you have paid in a year in your mortgage from your taxes. This policy has pushed the property prices into sky high (the more in debt, the bigger the win?). My friends took up high loans for their growingly big houses. I dont want to lock time and money into a property with the same passion as they do. But then I dont earn on tax benefits. Should I be buying a bigger house … I just dont feel like it. I dont need it.

    Reply
  7. Sell your house and buy income producing property with 12% return and rent in your area!

    Reply
  8. If you took that extra money and invested in stock market, after seven years you could have paid-off the house, plus have a lot of additional cash.

    Reply
  9. I've owned my home free and clear since 2015 and not having to cough up a monthly house payment is a big stress reliever.

    Reply
  10. Very healthy and recognizable mindset

    Reply
  11. You would be a slave to the lender if you still owed them money. Good for you for paying off your mortgage!

    Reply
  12. Congratulations πŸΎπŸŽ‰πŸŽˆ very smart decision making. It is very interested.

    Reply
  13. You made the correct choice. Simplicity is key. Buying more properties and everything is a full time job in of itself. And yes, if you do not have the personality for managing that then it would just cause you more stress.

    Reply
  14. Do you live in Foster City by chance? Your bannister railing looks like my old house's railing near Gull and Beach Park.

    Reply
  15. Congrats πŸ˜πŸ‘

    Reply
  16. I thought this was a HOW I paid it off. It's more a WHY I paid it off.

    Reply
  17. Going back and watching all your older videos. This is so appealing for the stress reduction you talked about. I enjoy simplicity and the lack of stress over high cash flow which makes me want to pay off our mortgage. Great video!

    Reply
  18. Hello sir, I live in the Bay as well.. did you do a Heloc , or just paid as you get lumpsum chunks monthly?

    Reply
  19. Fascinating! God bless!!!!

    Reply
  20. BRILLIANT!!!!!!πŸ˜ŠπŸ˜ŠπŸ‘πŸ‘πŸ‘πŸ‘

    Reply
  21. I'm so with you, I take the stress thing very seriously. I am very frugal but when it comes down to it sometimes, I just go for something that will eliminate that possible stress but maybe might not be the least expensive option if I took more time and energy to sift thru all of the dynamics and such. Stress will kill and it can sneak up on you so that is real wealth imo..to be at peace. Thanks for sharing!

    Reply
  22. Dino steaks are pricey

    Reply
  23. Thanks for the fire content man, when I get my first house I will try to do the same thing man!

    Reply
  24. I know property tax depends on the value of the property and the property tax rate. but is property tax anywhere close to the average rent in a city in most cases?

    Reply
  25. Aiming to pay it off in 2025, 10 years after the purchase

    Reply

Leave a Reply