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I fully understand. (And you are correct, as I feel the same way) But keep in mind, we already have pretty decent exposure to the stock market, having run our IRA / 401K, UP UP UP the last two years or so. Further, I guess I could tie it up in a CD, for what 1.5%? Instead I choose to...

Since my discovery of this forum several years back, I generally spend most of my time lurking and learning. However about once or twice a year I like to check in and update my personal progress. It is always nice to get feedback from the group, and it validates my commitment to the cause...

Good For You! I am proud of you (and jealous) the same time :)

Hello again everyone! I am back after a few months to report on life after our mortgage payoff. Some of you may remember me from this "Should We Pay Off Our Mortgage" thread from last year. (available here ...

Original poster checking back in: :greetings10: Its been almost three months since the dust settled on our mortgage payoff. Here are some details, as well as a few status updates from previous questions. As a reminder, we are a 42 y/o married couple, one grown child , no credit card debt...

Good Point, No worries here though, we sold off a few items, and made a quick $2000 or so. If I understand correctly, anyone who does more then 200 transactions OR $20,000 will be sent a 1099 this year. Gar

Oh, one more thing! Now that we are paying the insurance out of "our pocket" so to speak, our next move toward saving money is to shop our insurance around a bit. Possibly bundling it with our "auto" as well to save some money this summer.

Ok, Its DONE. :dance: A couple things happened last week, so I simply went and paid the mortgage off. :) First, We were being so "frugal" lately that the money was actually adding up a little faster then we thought. Second, I had just decided to sell some items on ebay, and as that money was...

Thanks so much! I love your story. It is inspiring to hear stories of how others triumphed over the dreaded monthly payments. Hmmm, a mortgage burning party, now that sounds like something I need to do. G

Monthly Check In... I apologize in advance for "bumping" this thread monthly, but this thread has become a valuable monthly tool for me to track progress. So, without further delay: Last night we paid the monthly mortgage payment (actually due this Thursday). This month, we dug pretty...

OP checking back in and giving a status update: 1-30-12 Ok, we just sent in the January payment. This month we managed to pay just over $5000. Its now been about three months since my original post. We have paid large amounts in November, December, and now January. The payoff is now...

Yes, The extra came right off the principal, and was thus reflected on the statement we just received :dance: Now we just need to keep plugging away.

Checking Back.. Original Poster here checking back in, with an update. :greetings10: I have started to implement "the plan" as discussed. We wrote the December mortgage payment for $5000. (normally about $600?) Then, we have already written out January's, and due to our holiday bonuses...

Good Question. We normally have at least two (of four monthly) paychecks "free and clear" every month that go right into savings. Probably about $2000 a month dumps right into savings, even with paying the mortgage. Keep in mind though, that this is a fairly recent development, as...

I'll try to make this as short as possible. :) We live in a small, rural area. Things are simple here. The cost of living is low, but in return so is the average wage. A nice living here is $35,000- $45,000. Many houses are bought and sold for less then $100,000, with the average monthly...

WOW Wow, thanks for all the wonderful input! First, I want to say that the act of simply typing the story of the car in this forum helped put it in proper perspective for me. I had already told my wife (and boss) that we wouldn't be buying the car, and now I am more solid in that...

Hey All, Long time lurker, first time poster. Please forgive my ramblings, as this is my first post. So, you may ask, what drove me from "lurker" to poster today? Well, I need help. Honestly I'm having a "weak moment" here and I need someone here to talk some sense into me :)...