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Old 04-17-2013, 12:05 PM   #21
Recycles dryer sheets
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Join Date: Sep 2012
Location: Redmond
Posts: 64
Thanks for all the congratulations! Working on ER is a long path, but hitting the milestones are a nice way to bridge the time. I am still going to move out of Seattle and am visiting Napa and Tampa this year to investigate both. I have lived near each of them before (San Fran and Boca Raton) so I know a bit about the areas. Need to refresh myself though.

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Old 04-17-2013, 12:12 PM   #22
Full time employment: Posting here.
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Join Date: Aug 2012
Posts: 868
Good for you!!! We also did this several years ago and I agree - it is a very liberating feeling. Whenever I get down about finances, I remind myself of the fact that we 100% own our home, and very few people can say that. It's a great position to be in.

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Old 04-17-2013, 12:19 PM   #23
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Join Date: Jul 2007
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Congrads, I know when I paid off my first house I was able to pay off all my other debts (cars, property, etc) within a few years of that. Then my retirement money started to accumulate faster and faster and that allowed me to ER.
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Old 04-17-2013, 09:01 PM   #24
Dryer sheet wannabe
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Join Date: Dec 2012
Posts: 18
Congratulation. It feels liberating to know you own your home completely. We paid our mortgage off in November 2011. It was an amazing feeling when we made the final payment. Our house seem to be more beautiful than ever since being debt free.
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Old 04-26-2013, 05:37 PM   #25
Thinks s/he gets paid by the post
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Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Well done.
Originally Posted by Shabby View Post
I try and keep pretty low profile about my finances with friends and family as I have been saving money and living well below my means for 20 years but....I thought I could announce on here ---- I paid off my mortgage!

Interesting feeling actually owning the house outright. Also with it being such a large swing in assets ($500k out of the portfolio), still taking some time to adjust to my new investment balance.

Here's to the real estate market continuing an uphill climb (clink)!
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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Old 04-26-2013, 05:59 PM   #26
Full time employment: Posting here.
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Join Date: Sep 2010
Location: Bangkok
Posts: 963
Congratulations. I have 4 more payments and then I will be posting here too.
Happy, Wild, and Free
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Old 04-26-2013, 07:31 PM   #27
Recycles dryer sheets
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Join Date: Oct 2010
Location: In a van down by the river
Posts: 407
congratulations...any plans for what to do with the extra income?
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Old 04-26-2013, 07:56 PM   #28
Recycles dryer sheets
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Join Date: Apr 2013
Posts: 85
Congrats! It's one of the best things you can do for yourself!
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Old 04-26-2013, 09:22 PM   #29
Recycles dryer sheets
Join Date: Apr 2012
Location: Seattle
Posts: 479
This is something I really want to do as well but I have a ways to go even with paying extra principle each month. It's sort of hanging over my head so to speak and I really can't downsize for ER unless I live in a one bedroom condo with no garage : )

I've found in my travels when I bring up paying off a mortgage opinions vary so much that I finally stopped doing it (sort of like gun control, religion, and politics). When I say the one thing in common I see amongst my ER friends is that don't have a mortgage, it still causes some spirited discussions. It's nice to see so many here feel it's a good thing.

We've heard them all like "money is cheap right now" and "you can make more investing it". When I say one thing not in the calculators is the peace of mind of owning it outright some say I'm "old school" and other names that are not as kind : )

Anyway, enough about me and congrats to you!!

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