Pay Off Your Mortgage In Two Years Blog Discussion

Kaz2904

mmm nothing to sell, no spare room, living in a building site we are on our bare minimum already. Bearing in mind that council tax is £110 per month and walking to work is not an option (4.5 miles in 20 minutes, then get kids ready for school and walk 1 mile up hill in the left over 10 minutes) I would be fit though!!!

lipidicman

So you have no ideas then? It is hard to make suggestions as I clearly know nothing about your circumstances. Read a few threads and be inspired.

Today I have done a big wash and bunged it outside before I came to work. Hope it doesn't rain! Still better than paying British Gas to dry it for me!

Kaz2904

Well I've shopped around for everything to get all utilities as cheap as possible. I'm trying to fit in an extra shift at work each month but I wonder is it really possible to feed and clothe a family of four and pay utilities etc for the cheapest deals. I think I could live the lifestyle if I was single but when there are 3 other people in the equation it becomes more complex. It's not about lack of wanting to do it but the time and life ratio can be hard to balance. I think for my family we need to focus on the slower plod to the finish line or I could end up with no mortgage and no family!
On the plus side I have asked hubby to get any envelope stuffing jobs he has at work and bring them home for me to do. It will save his boss advertising and will add a few coppers to the coffers!

Louise1521

Is it repeated? I missed tonights episode, busy writing my CV and completely forgot about it.

coolcol1

kaz

your a worker not a serker,well done ! - but whats the panic-
you can pay off your morgage in 3 years ?-pay it off with what you can afford without the family life moving too much,i wouldnt pay too much attention to that program cos it rely's on people trying to do the impossible-this message will self destruct in 5 seconds

Hurdler

I have to admit - I watched the initial programs last year - really to get some inspiration for perhaps paying off my own. I agree with an earlier posting that almost without exception, everyone on the program in the Year 1 series had started to unravel in some way - and the strain it was putting on them all was astounding.

I watched the "Did They Pay Off..."blah blah the other day - and again the strain some of these people were under was unbelievable!

Ultimately what the programme was showing was that IF you are prepared to pretty much sacrifice your home comforts and do anything and everything you can to generate additional income, then yes - you have a good chance of achieving this.

I admire the people who participated in this experiment, as much as I admire the loyalty I see in fellow posters' messages to the advice we give each other on the forums. Horses for courses!

If I look at my own situation - currently single, bought my flat when I was a mere minion and now contemplating overpaying, saving for a hefty deposit for a house and then converting the mortgage on the flat to a buy-to-let. I have created a 3 year plan (ok ... well my recently widowed ma wants it to be MUCH sooner so that she can help me on the way...!) to get me on the next rug of the property ladder... and that's good enough for me. Obviously somewhere in there, Mr Right is going to miraculously appear to make that second leap a bit more manageable!

But what I'm trying to say is that it's not the 2 years that's important... I think it's the the whole lightbulb moment concept we talk about here , and putting in place a plan and then... sticking to it as much as poss. And in that respect... we're quite similar to the Beeb's guinea pigs...

godsakes

that programme is such nonesense

while i applaude the contestents efforts - the cold reality is that i've yet to see anyone remotely come close to paying off their mortgage. The show completely glossed over the figures.

there is such a thing as TAX, VAT, business rates, costs.... it aint real money until the money is in the bank (you can't just take orders and projections as real money)

there's a BIG difference between achieving £100k in turnover compared with £100k profit

Kaz2904

I just re-read my first post and realised I put too many stars in wo*k!!!! What a wally.

do_it_today!

I missed half of last nights programme does anyone know how I might be able to watch it again?

ericthekidstoner

here's a link to a story on the couple on next wk's program

http://news.bbc.co.uk/1/hi/magazine/4584070.stm