“Paid off the mortgage last month (after 12 years). I have admit it feels pretty to owe no one a penny.”
I did that years ago. I got tired of paying every month, so I sent them a check for $47,000. It made a dent in my finances, but that’s when I really started making progress saving.
Of course now it’s an old house in a neighborhood that’s been taken over by illegals, so I don’t see myself getting my money back, heh. Guess when the time comes, I’ll do a quick sale to the “we buy houses” guys for whatever I can get — and then, get out. I’ll buy the next house somewhere far from here in a rural area where there “ain’t no diversity”, and just pay cash. That makes things easier.
I also keep only one credit card, which I pay off EVERY month whether it’s $30 or $3,000. Why should I pay them interest?
>>I did that years ago. I got tired of paying every month, so I sent them a check for $47,000. It made a dent in my finances, but that’s when I really started making progress saving.<<
Paying off that much that early is always a tough call. If you had a low interest rate you may have been better of investing that money (unless it was just lying around waiting to be used).
Paying off that much can lead to a risk of being house-rich and cash poor.
But it is an individual decision. It is clear you despise debt as much as I. But I just couldn’t let my good interest rate just go away (even if I did pay off early).