Views : 13,355
Genre: People & Blogs
Date of upload: Oct 13, 2022 ^^
Rating : 4.943 (4/277 LTDR)
RYD date created : 2024-04-28T14:26:36.675659Z
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Top Comments of this video!! :3
1:36 While important, I don't factor in the equity of my home. Its just something I buy to lower my cost for shelter.
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13:24 the math might not work out. However, fewer monthly expenses and less stress has real value. If someone loses their income they can still relax while looking for the next career opportunity.
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I love ā¤ļø this interview. I watched it three times. It's amazing how much this gentleman has progressed. I am giving our family the goal of paying our mortgage in 2 1/2 years. We followed the baby steps to get out of debt and all we have is the house. I also š your FIRE š„ content. I am hoping to be able to reach it soon but I started a little late. This interview gave me so much hope thank you!!
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While I applaud the first move, I have to disagree with the quick retreat back into owning multiple mortgages (because the properties aren't fully yours yet). Snowballing what was your mortagage along with what you were putting against your home would have gotten you to the same place you'll likely be in a few years but with less risk. I've run the numbers both ways for us, and while I understand the Bigger Pockets method, I disagree with the premise. To each their own. Best of luck!
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@BudgetingTheBacon
1 year ago
Wow, this is so motivating!!! We're $27K away from paying off our mortgage and should be finish in less than a year. I feel like when it's paid off for me the possibilities are endless!
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