I have to admit, at times it was a little difficult to deny myself some splurges. My friends were driving brand new BMWs, Mini Coopers, and Lexuses. There I was, driving a turn of the decade Honda that had dents all over it with peeling paint. Being a 20-something single guy driving a beat up Honda was not exactly winning me any awards with the ladies. My wife even admitted after we got married that she paused when I pulled into her driveway to pick her up. Needless to say, she looked past that, and we’ve been happily married, and debt-free, for four years now. Neither of us regret that old Honda because it allowed us to achieve financial freedom that much sooner.
I was able to pay off my mortgage in 7.5 years. When I finally paid it off, it didn’t really sink in until a couple months later. There was no party or celebration. Looking back, I wish I had done something to commemorate that milestone a bit more.
With that said, about six months later, my wife and I decided to plan a dream trip to Europe. The best part of the trip was I wasn’t worried about the money. Sure, we were still frugal and stayed at affordable, but nice, hotels. But I didn’t have "saving money for the mortgage" on the forefront of my mind. It allowed us to really enjoy ourselves.
So what’s life like now? Since the mortgage is paid off, my wife has the ability to take care of her special needs sister full-time. If we still had our mortgage, we wouldn’t be in the same position that we are now. On top of that, I decided that since I don’t have a mortgage anymore, that I would pursue projects at work that actually interested me.
Surprisingly, by pursuing projects that I am actually passionate about has led to me receiving two promotions since I’ve paid off my mortgage. People had always encouraged me to pursue my passion, but that advice was hard to apply when I was so focused on trying to pay off my mortgage.Being debt-free has changed my life for the better! Click To Tweet
Being debt-free has changed my life for the better, and I wish it upon everyone else who is reading this. While it may seem intimidating and daunting at first, start with baby steps, and you, too, can achieve financial freedom.
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Latest posts by Rob (see all)
- How Paying Off the Mortgage In 7.5 Years Changed My Outlook - February 13, 2017