The Mortgage Free in Three - Take 2 challenge (MFiT-T2)

cha97michelle

Well done Johny. It has definitely been a great month for people on this challenge hasn't it. Very motivating for the rest of us. :beer:

tattycath

JonnyBravo wrote: »

No.21 reporting in.

:beer: <--- me and the mrs.

Mortgage free status achieved!

Yep we've paid off our £13,577 balance and reached £0 owing.
All done before I'm 40 (later this month).

YAY!
It's a !!!!in great feeling.
Changes our monthly budget significantly. Putting half of the money we were overpaying towards the BTL and "enjoying" the other half.
We aim to finish the BTL in 8 years maximum (currently over 120k owing on a £190k house)


I shall be adding a post in the main MF roll of honour and looking forward to being MF no.3 in this challenge.


Good luck all!

Well Done JonnyBravo:T:T:T That's fantastic!!!:j:j

black_taxi_2

last couple of months--have seen a few MF formites

giving us all motivation

many of us have years/months to go

how do we keep the faith and not give up?

1.small targets-add up(try to over pay into the next £100--ie £160---o/p £70)
2.dont take on further debt(NO payments a month is BETTER than MORE payments a month)
3.better to aim for a target each month than try and be frugal(dont want to make it a chore)
4.every month as my target goes lower i treat myself(steak/chinese/restaurant meal)
5.you get setbacks-LARGE BILLS from no-where(it might put your target date few months/years behind--thats no prob--im a couple years behind but in the bigger picture balance is hugely down)
6.keep posting and looking at MF threads--financial bliss/wynvegas were the catalysts that put me on this journey.

all the best everyone

curlygirl1971

Great post Black Taxi

Well done Jonny - fab news to hear and hugely motivating for the rest of us to keep plugging away

taxi73

JonnyBravo wrote: »

No.21 reporting in.

:beer: <--- me and the mrs.

Mortgage free status achieved!

Yep we've paid off our £13,577 balance and reached £0 owing.
All done before I'm 40 (later this month).

YAY!
It's a !!!!in great feeling.
Changes our monthly budget significantly. Putting half of the money we were overpaying towards the BTL and "enjoying" the other half.
We aim to finish the BTL in 8 years maximum (currently over 120k owing on a £190k house)

I shall be adding a post in the main MF roll of honour and looking forward to being MF no.3 in this challenge.


Good luck all!

Absolutely fantastic:T:T:T:T:T

gallygirl

_party_Well done Jonny B _party_, and thanks for the gee up Black Taxi :T

Jock_Tight

Congratulations JonnyBravo :beer:

My aim is to be mortgage free before I'm 40 as well!

wynnvegas

Congratulations JonnyBravo. Best of luck with the next mortgage! I'm still at the dreading the thought of taking another one out stage!!

Great tips blacktaxi - We had initially aimed to celebrate every £10,000 marker with a celebratory dinner but only got round to about 2 of those!

Cheers,

Billy

gerbiljo

Welshlassie wrote: »

Hi all
:rotfl:

sorry uv been ill, hope u are feeling better soon

gerbiljo

Well done Johnny!