Hellow guys, Welcome to my website, and you are watching How I Paid Off My Mortgage in 5 Years!. and this vIdeo is uploaded by Bob Sharpe at 2023-07-10T16:23:45-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How I Paid Off My Mortgage in 5 Years! |
| Video Uploader | Video From Bob Sharpe |
| Upload Date | This Video Uploaded At 10-07-2023 23:23:45 |
| Video Discription | I paid off my house! While it feels surreal, this video is sharing exactly how I paid off my mortgage in under 5 years (June 2017 - March 2022). We also look at 4 key steps I took in order to pay off my home during this period. Join me on Patreon for more exclusive content ► http://patreon.com/BobSharpe STUFF I RECOMMEND!* Investing Apps and Tools: 🤑 Robinhood App - Get A Free Share of Stock valued between $2.50 and $200 Just for Starting ► http://sweetlifesuccess.com/go/robinhood 🐂 Webull App - get up to 12 free stocks (limited time) ► http://sweetlifesuccess.com/go/webull 💰 Seeking Alpha - get the best research tools to stay ahead in your stock and ETF research. Receive 50% off on a Premium Membership ► http://sweetlifesuccess.com/go/seekingalpha 💰 Track Your Dividends ► https://sweetlifesuccess.com/go/dividends Credit Cards & Credit Score: ✅ Check Your Credit Score for Free at Credit Karma ► http://sweetlifesuccess.com/go/creditkarma 💳 Apply for an American Express Card with this link. We can both get rewarded if you're approved ► http://sweetlifesuccess.com/go/amex This video details the changes we made to our finances and lifestyle that enabled us to attain this goal, which might seem challenging but definitely possible. We hope to inspire and guide those who wish to embark on their journey towards mortgage freedom. In the video, we share four significant changes we made to our finances that helped us achieve this milestone. We also debunk some common misconceptions about paying off mortgages and discuss why sometimes, taking the less traveled path can lead to financial freedom sooner than expected. Contrary to some high-earning individuals who share their success stories, our journey was not born out of earning a huge salary. We had a typical household income that varied from $60,000 to six figures, and our home was worth over $400,000. What led to our success was not just about money, but about making the right choices and using strategies that we discuss in the video. We delve into the risk factors of having a mortgage, such as job loss, and how this impacted our decision to pay it off early. The video breaks down the debate of investing in stocks vs. paying off the mortgage, explaining our thought process behind choosing the latter. Our journey involved strategic refinancing of our mortgage and meticulous tracking of our loan schedule. We emphasize the importance of understanding your mortgage details like interest rates, the impact of extra payments, and the amount of total interest you could end up paying if you stick to the regular payment schedule. We share our personalized approach of saving up for additional principal-only payments, which significantly reduced the life of our loan and total interest paid. We show the impact of even minor extra payments on the overall mortgage timeline. We also discuss a unique strategy we used called a 'no spend month', where we avoided any unnecessary expenses for an entire month, pushing all the saved money towards the mortgage. This method, although challenging, helped us accelerate our mortgage payoff process. If you're contemplating paying off your mortgage early or are already on the journey, this video could be your comprehensive guide and motivation to keep pushing. We hope that by sharing our journey, we can help you navigate your own path towards mortgage freedom. Chapters of Today's Video on How to Pay off your Mortgage Early 00:00 Mortgage Free! 00:48 The Financial Journey Start 01:17 Crazy Idea to Pay off the House 02:22 Original Projected Payoff 03:14 $200K of INTEREST?? 04:05 Step 1 - Saving Money 05:20 Adjusted Payoff in 2030 05:58 Refinancing the Mortgage 06:44 $200k Interest to $27,000 07:18 Step 2 - No Spend Month 08:21 Step 3 - Budget like a Beast 08:54 Step 4 - Limiting Overhead 09:39 A New Level of Side Hustles In this video, I'm sharing with you my journey of paying off my mortgage in 5 years! If you're thinking of doing the same thing, then you need to watch this video! My goal was to pay off my mortgage as quickly as possible, and I did it by following a few simple guidelines. By the end, I had reduced my monthly payments by over $1,000 a month! If you're looking to make a similar financial journey, then you need to watch this video! *Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. |
| Category | Education |
| Tags | bob sharpe | mortgage free | financial freedom | mortgage payoff | debt freedom | refinancing | additional principal payment | no spend month | interest rate | saving strategy | early payoff | financial planning | financial guide | financial journey | household income | side hustle | mortgage freedom | investing vs. mortgage payoff | mortgage details | mortgage payoff journey | early mortgage payoff | mortgage free living | mortgage payoff strategies | how to pay off your mortgage early |
