Originally posted by MarillionFan
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Retired — and still paying off the mortgage
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Originally posted by BrilloPad View PostIs that before or after the 2k a month you spend on pies?
That's a bad habit you got there MFComment
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MORTGAGE = DEATH PLEDGE: Latin words Mort-Gage Literally pay until your death."A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Originally posted by Paddy View PostMORTGAGE = DEATH PLEDGE: Latin words Mort-Gage Literally pay until your death.Comment
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Originally posted by Whorty View PostMy better half is a highly qualified and respected financial adviser and pensions expert ...Comment
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Originally posted by pr1 View PostAt each remortgage I reset to 35 years but overpay monthly the difference to a 20 year mortgage, so if I'm benched I won't need to panic about high mortgage payments and can just pay the lower amount
It's not necessarily a dumb thing, though I suspect most people with longer terms aren't in a similar situation.Comment
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Originally posted by Brummie View PostWhat's her view on paying off the mortgage? Does she recommend paying it off or keep it going as long as possible?
Since we cleared the mortgage we have built up a war chest of multiple hundreds of £'000s which sit in other investments. We can do this because every penny we earn now, once we have paid food etc, goes straight to the war chest.
We're low risk investors. But our low risk investments are going to allow us to retire 12-15 years earlier than most, have a couple of gap years, have some amazing holidays and be happy.
Unlike others though we don't have kids so don't have to worry about leaving money for those who outlive us. Once we retire, we'll be spending our money until the day we die - I'm hoping on my last day I'll be spending my last pennyI am what I drink, and I'm a bitter manComment
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Originally posted by Paddy View PostMORTGAGE = DEATH PLEDGE: Latin words Mort-Gage Literally pay until your death.Will work inside IR35. Or for food.Comment
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Originally posted by northernladyuk View Post7/10. 'Gage' is of Germanic origin, not Latin.mortgage (n.) Look up mortgage at Dictionary.com
late 14c., morgage, "conveyance of property as security for a loan or agreement," from Old French morgage (13c.), mort gaige, literally "dead pledge" (replaced in modern French by hypothèque), from mort "dead" (see mortal (adj.)) + gage "pledge" (see wage (n.)). So called because the deal dies either when the debt is paid or when payment fails. Old French mort is from Vulgar Latin *mortus "dead," from Latin mortuus, past participle of mori "to die" (from PIE root *mer- "to rub away, harm," also "to die" and forming words referring to death and to beings subject to death). The -t- restored in English based on Latin."A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Originally posted by Whorty View PostFor our personal circumstance, paying off the mortgage was the correct decision....Comment
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