Originally posted by MrMarkyMark
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Retired — and still paying off the mortgage
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I am what I drink, and I'm a bitter man -
Originally posted by Whorty View PostMy better half is a highly qualified and respected financial adviser and pensions expert ... I think she would take umbridge that someone would suggest women can't understand financial matters! We are as financially secure as we are because she has managed the finances over the years. Her knowledge will allow us to fully retire in our 50'sComment
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Originally posted by northernladyuk View PostShe told me she is planning to fully retire, but she didn't mention you so much.I am what I drink, and I'm a bitter manComment
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Originally posted by Whorty View PostShe needs me to retire to do the cleaning, gardening, cooking .... hold on ... am I just becoming the maid?!?Comment
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Originally posted by Whorty View PostShe needs me to retire to do the cleaning, gardening, cooking .... hold on ... am I just becoming the maid?!?
I hope she has investigated the clauses in her current contract.The Chunt of Chunts.Comment
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Originally posted by MrMarkyMark View PostA Madam by the sounds of it
I hope she has investigated the clauses in her current contract.Comment
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0.74% Interest Only Offset Mortgage for me. I own three properties, two rented out which cover the mortgage payments on all three properties & have all of the cash to pay them all off but in higher paying interest accounts/shares/ISAs/P2P companies & a massive pension pot.
I have a passive net income of 1.8k per month, contracting is just for the shits & the giggles.What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by MrMarkyMark View PostA Madam by the sounds of it
I hope she has investigated the clauses in her current contract.I am what I drink, and I'm a bitter manComment
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The simple solution is not to live in West London.
qhHe had a negative bluety on a quackhandle and was quadraspazzed on a lifeglug.
I look forward to your all knowing and likely sarcastic and unhelpful reply.
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I understand the compulsion to clear a mortgage for a lot of people it makes sense and exists as a wealth store when there isn't another option, but I personally don't care if I die with half of it outstanding.
I don't see any point at all in desperately paying off a house which turns into a huge IHT eating, inflexible, none income producing asset.
I am getting an easy average 9% across a range of investments, why on earth would I channel any of that into a mortgage debt charging 2%.
As long as the passive income generated from these investments can easily pay the mortgage then I am happy to let that ride.
You have to look at your whole financial position, not everything separately...Comment
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