Opinions on Paying Off Mortgage Vs Good Lifestyle.

[Old Greg]

Are you me?!

Contracting is perfect for this too, I'm earning more money than if I was a permie, paying off 3 times my min mortgage payment just now, plus once the mortgage is gone, I can be more choosy about contract roles, and time off.

Unless the missus wants to buy a new house....then I'm ****ed!

Don't worry, she'll just keep the current house for her and the personal coach. Not such a smart move working al those hours.

[Mich the Tester]

Stone him!

How bad could it be?

Hmmm, the little tiny stones will probably just sting a bit; you have to hope you get knocked out quickly so you don't feel it.

Top tip for people facing death by stoning; your brain copes quite well with impacts from the front or back, but if you're hit on the side of the head you're likely to lose consciousness as the two halves of your brain split apart from the sideways motion. Hence, try to turn your head to face the stoners side on!

[landl]

I stand corrected

Hmmm, the little tiny stones will probably just sting a bit; you have to hope you get knocked out quickly so you don't feel it.

Top tip for people facing death by stoning; your brain copes quite well with impacts from the front or back, but if you're hit on the side of the head you're likely to lose consciousness as the two halves of your brain split apart from the sideways motion. Hence, try to turn your head to face the stoners side on!

I just thought, I'm a bit bored, let's see what the chap has to say. Little did I know that his secret to paying off a mortgage early was to try and sell us something. Have to admire the brazenness of it though...

[TimberWolf]

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I initially read the cover as "Author of over 3 million books".

[TimberWolf]

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[AtW]

I'd like to hear it.

[DimPrawn]

Here's a top tip for becoming a millionaire.

Buy £39 worth of Vitenam đồngs, or take your pick from any of these more pricey ways of becoming overnight millionaire.

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You can't beat being long on the dong!

[milanbenes]

There's no doubt at all in my mind, suffer now and relax later.

I know its better to enjoy life while you have your youth and stuff, and while your kids are young, but on balance, I think paying off your debts early is the way to go.

when I was about your age, i knocked up a little spreadsheet with a few scenarios. When I saw the difference in overall spendies, it was a no brainer.

I'm with EO Dad here :-)



Crissy,

it's all about assets, and your gaff and those motors are not assets.

I won't elaborate, you can do your own research.


Milan.

[TinTrump]

I've taken the view that it's better to pay things off sooner in the hope of a more relaxed lifestyle later.

Clearly I'm not in Sasguru's league but I'm 42 with £25k left on my mortgage, albeit on a modest 3 bedroom house. My investments are diversified.

When the opportunity has arisen I've travelled; as some of my elders have advised, that can get problematic with age. It's a question of striking the right balance.

[Jog On]

Where's the "Keep paying the mortgage normally, don't spend all your cash on having a good time and build up some assets with a view to becoming financially free" option?

Oh it's not a poll

And I see AP already brought up the Kiyosaki thing..

That's what I'm doing.. Mortgage payments are currently about £220/month on an £80k loan - I'll put my surplus cash into the markets and property until I don't have to work - then pay it off in a few chunks. Whilst having a good time as well

I see so many people who earn less than me driving around in shiny BMWs (they don't own) looking down on my crappy 10 year old Honda - they need to play Cashflow 101