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
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 4 months since we set a goal of paying off the mortgage by 2020 and to have a net worth of at least $1M by 2025. This is the 4th update on the progress of the goal. If you’re wondering why we set this goal, see here. Mortgage progress: This month, we paid a … Read more
It’s been 3 months since we set a goal of paying off the mortgage by 2020 and to have a net worth of at least $1M by 2025. This is the 3rd update on the progress of the goal. If you’re wondering why we set this goal, see here. Mortgage progress: This month, we paid a … Read more
It’s been 2 months since we set a goal of paying off the mortgage by 2020 and to have a net worth of at least $1M by 2025. This is the 2nd update on the progress of the goal. If you’re wondering why we set this goal, see here. Mortgage progress: This month, we paid a … Read more
I’ve had enough people ask me about this topic now that I feel it deserves an additional blog post. I briefly addressed it here, and I’ll address it briefly again. Why pay off a low interest rate mortgage (~3-5%) early when you could earn ~8-12% in the stock market? To most people, the smarter and … Read more
Last month, we set a goal of paying off the mortgage by 2020 and to have a net worth of at least $1M by 2025. Each month, I’ll be posting an update on the progress of the goal. Mortgage progress: Over the first month, we were able to pay down $4,824 towards the mortgage, which … Read more
(Scroll down to the bottom to see Mortgage Goal Progress) UPDATE: We ended up selling this condo on April 19, 2019. You can read about it in the April 2019 Update here. I set a goal to pay off the mortgage by 2020. Now it’s time to think about what it’s really going to take, and … Read more