We're Mortgage Free! 10 Steps to a $500k Paid Off House

Top guide top searched debt Free Life, Steps Financial Freedom, Debt Relief Tips, and Are You Considered Debt Free if You Have a Mortgage, We're Mortgage Free! 10 Steps to a $500k Paid Off House.

We’re mortgage free! In less than 5 years, we paid off the mortgage on our house and life is much easier now.

I’m sharing the 10 steps we took to earn our $500k paid off house.

CHAPTERS
0:00 Intro
1:50 Start With a Why
2:44 15-Year Fixed Rate Mortgage
3:58 Mortgage Payment No More Than 25% of Take Home Pay
5:08 Commit and Set a Date
5:29 Live On 50% of Your Income
7:07 Increase Your income
8:16 Budget Monthly With Your Spouse
8:57 Remember to Have Fun
10:15 Celebrate The Wins
10:38 Dream About the Future and Make Changes

#MortgageFree #MortgageFreeCommunity #PaidOffHouse #DebtFreeCommunity #FamilyFinance #PersonalFinance

RESOURCES (Affiliate links below may provide us a commission)

Credible (compare mortgage rates): https://www.marriagekidsandmoney.com/credible

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Tello (our family’s mobile phone provider): http://www.marriagekidsandmoney.com/tello

Mint (free budgeting app): http://www.marriagekidsandmoney.com/mint

Prefer to Read? Here’s this video as a written article: https://marriagekidsandmoney.com/how-to-pay-off-your-mortgage-early-in-10-not-so-easy-steps/

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OTHER VIDEOS TO WATCH
10 Incredible Benefits of a Paid Off House

Life After the Mortgage is Paid Off

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MARRIAGE KIDS AND MONEY:

This award-winning blog, podcast and YouTube channel are dedicated to helping young families build wealth and thrive.

Each week, Andy Hill interviews personal finance experts, shares the best fintech tools and even discusses his own journey with family financial independence.

BIO – ANDY HILL:

Andy Hill is the award-winning family finance coach behind Marriage Kids and Money – a platform dedicated to helping young families build wealth and happiness.

Andy’s advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.

When he’s not “”talking money””, Andy enjoys watching his kids play soccer, singing karaoke with his wife and watching Marvel movies.

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Are You Considered Debt Free if You Have a Mortgage, We're Mortgage Free! 10 Steps to a $500k Paid Off House.

7 Tips To Ending Up Being Financial Obligation Free

In reality, the typical American household now has around $10,000 or more of unsecured Revolving Debt that they owe.
Your financial obligation is constantly directly connected to your credit report.

We're Mortgage Free! 10 Steps to a $500k Paid Off House, Find more reviews related to Are You Considered Debt Free if You Have a Mortgage.

5 Actions To Eliminate Charge Card Debt

When you first comprise a budget, expect to have to tweak it. If you do not, you’re not alone, many people have no idea. Say you got a VISA card with a $7500 credit limit.

It’s a truth – great people have uncollectable bill. And lots of it – the average American home carries about $8,000 in charge card debt alone. We hold an overall of $1.9773 trillion (yes, that’s a trillion, a thousand billion!) of consumer debt – $18,654 per family. And, 44% people spend more than we make. Cinema TVs, the most current in clothing and dinners out – 4.2 meals weekly – help contribute to this debt. You may already be wondering how to cure your debt problem if you are part of the financial obligation crowd. What can you do to reduce debt? I’ll reveal you three simple, yet efficient, methods to start breaking away at those high balances – today.

The only debt flexible is unSecured Debt. You can eliminate your credit card debt but we will pertain to that later. If the debt has actually been secured with any collateral, the financial institutions will not work with you. It is extremely crucial to keep in contact with the financial institution in case you fall behind in payments on a protected debt. Work with them by all ways and never prevent their calls. The lender has the power to repossess or put liens on your residential or commercial property in case you stop working to pay on a Secured Debt.

Make your call once you have all your information put together. Know what you are going to ask for before you place the call. Be quick regarding why you would like a better rate, however be to the point. Advise them what other business are offering and that you are thinking about moving your company. If they have any other rate they could use to keep you there, ask them.

Seems like a dream, however very few people retire Debt Free. I know a lot of elders in their early 70s and late 60s who have retired, but continue to work because they are not Debt Free for one reason or another. Normally easy credit and charge card are the issue. But the dream deserves pursuing. If you desire and retire to delight in things other than simply the ability to go to work, especially.

Let’s suppose you make $60,000 year. In this case, if you’re bring more than $6,000 in Revolving Debt, your ability to react to a financial crisis might be limited. Carrying a balance in excess of 10% of your earnings is not exactly terminal however is a signal that you ought to begin working to decrease your balances as rapidly as possible. It’s essential to comprehend that this is various from having minimum month-to-month payments that surpass 10% of your income. If you have minimum payments this high, they will exceed your income. That’s not a threat signal it’s a glaring red sign that you need to get to a credit counselor post haste.

You will begin to attain true monetary independence in a fairly brief time when you put your strategy into action and follow stage I and phase ii of this brand-new strategy.

Envision – debt free – no more mortgage, early retirement, take a trip the world, purchase a luxury yacht. Whatever your dreams are, you can have them. Others are doing it, you can too. Make today the start of something new, interesting and BIG. Get your house based business in network marketing started now, and make your dreams a reality.

Being debt complimentary seems to be simply beyond the reach of Americans today. It simply implies they may try to charge you high rates and never ever get your financial obligation reduced.

If you are looking rare and entertaining comparisons related to Are You Considered Debt Free if You Have a Mortgage, and get Rid Of Credit Card Debt, Installment Debt, Carry Debt, Cash Advances you should join our newsletter now.