Refinancing your mortgage can be a smart financial move, but it’s important to understand when it makes the most sense. While a lower interest rate is a common reason, other factors like changing loan terms or tapping into home equity can also drive the decision. Let’s dive into the key factors to consider when deciding … Read more
Last year, on April Fool’s Day, we paid off our mortgage. Was it foolish to pay off a 2.0% interest rate mortgage instead of investing in the stock market? Being immersed in the personal finance world, I know what the conventional wisdom says to do. Expected returns in the stock market are far greater than … Read more
Last month, we decided to pay off our mortgage. It wasn’t an easy decision. By the way, no, that’s that’s not a picture of our house, silly! That’s just a stock photo. I wouldn’t put a picture of our house on the internet. I only put up all of our finances for the world to … Read more
It’s been 31 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 31st update on the progress of the goal. If you’re wondering why we set this goal, click here. September was a busy month. We spent a good chunk … Read more
It’s now been 21 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 21st update on the progress of the goal. If you’re wondering why we set this goal, click here. In the interest of better disclosure, I want to … Read more
We are now officially halfway there! It’s been 16 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 16th update on the progress of the goal. If you’re wondering why we set this goal, click here. In the … Read more
It’s been 15 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 15th update on the progress of the goal. If you’re wondering why we set this goal, click here. In the interest of better disclosure, I want … Read more
How do you invest your money? Some people have been asking me how I invest and how they should invest their money. I’ll admit that I haven’t been totally transparent about my investments. I just put a number that represents the total of our investments in my monthly updates. Related: April 2017 Goal Progress: Update … Read more
It’s been 14 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 14th update on the progress of the goal. If you’re wondering why we set this goal, click here. In the interest of better disclosure, I want … Read more
What would you do with your money if you no longer had any debt payments? How would it feel to not have credit card payments, student loan payments, car payments, or mortgage payments? Being completely debt-free is something most people won’t experience until much later in life. However, there are a growing number of people who … Read more