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Mortgage Pre-Pay Update

July 26th, 2017 at 10:59 pm

So...I just mailed my first ever pre-payment towards my primary residence mortgage! As you know, once my refinance is completed for my rental, that will be another new goal (pre-paying said rental mortgage).

Anyway, I am going to build a simple tracker in my blog and keep everyone updated on my progress, especially me!

Life is Full of Goals

June 30th, 2017 at 02:43 am

So, I work to save 20% of my net income (after ensuring a full tax year contribution to my Roth IRA and Emergency Fund Deposit). One of my goals toward financial freedom (errrrr, ummmmmm, early retirement via debt elimination versus retirement income only) is to eliminate my mortgage. Now, I know I can do this by simply selling my home, investing the proceeds and renting a small, one bedroom apartment allowing the property manager to shovel the snow, mow the lawn and take out the garbage. Rather, I'd like to leave my children a bit of a nest egg partially in the form of home equity by pounding away at the principal. I am a very visual man. Watching the balance drop each month is extremely motivating to me. I am going to try to share my success (or failure) with you all and hopefully gain some insight along the way.