Do you worry what you will do when MF?

want2bmortgage3

I wonder if anyone has a slight worry in their minds as to what they will spend their time doing once mortgage free? When there is no longer money to motivate you, what will motivate you and why? When there is no longer a need to be up at a certain time each day will you end up getting up at lunchtime? Will life actually feel as good as you now imagine it will do? I guess I am asking as these are my own worries too, although most of the time I think to myself I have enough about me to keep motivated and enough ideas to keep me busy.

LilacPixie

For me I am only 28 and will be MF well before 40 if all goes as expected so it will just be business as usual i'm afraid. I might reduce hours a little maybe take a few more holidays but nothing major will change.

george_jetson

LilacPixie wrote: »

I might reduce hours a little maybe take a few more holidays but nothing major will change.

Just you wait and see!

I went to Vegas in January, going to Tokyo at the end of this month and am planning another trip to Vegas in April with possibly a trip to NY in between.

I've always enjoyed travelling and now I can indulge my passion to my heart's content. That is my motivation for going to work every day now.

The fact I don't need to work means that all the day to day frustrations of the workplace just melt away. It's hard to explain but because I don't need to be there means I can let all the work bs just wash over me.

Lister_2

Not that it'll be happening any time soon, but I have a nasty feeling we'll spend a few months blowing money on gadgets and holidays, and then start looking at houses in the country..... :rotfl:

co123456

I'm not sure what it will feel like - only that it'll feel better that shelling out all the spare cash I can at the moment. One friend did ask me "What motivation will you have once you're debt free?". I don't know, however I'm sure something will pop up. I hope that the lessons of thrift learnt whilst paying down my debts will still be used. I do plan to drop the pressure a little and can't see me Stoozing. Time to wind down some of the more time consuming money saving exercises.
There are of course longer term considerations such as a larger house, paying for kids' education etc. Reminds me of when I paid off my car loan and found that I had an extra £250 Pounds per month. I took this and started overpaying the mortgage - It wasn't as if I was missing anything. Once the mortgage has gone I'd like to think that I would be able to continue saving a fair proportion of what was my minimum monthly mortgage payment.
Anyway, the important thing for me (at the moment) is getting there. I'll do the worrying later.

Lunar_Eclipse

want2bmortgage3 wrote: »

I wonder if anyone has a slight worry in their minds as to what they will spend their time doing once mortgage free? When there is no longer money to motivate you, what will motivate you and why? When there is no longer a need to be up at a certain time each day will you end up getting up at lunchtime? Will life actually feel as good as you now imagine it will do? I guess I am asking as these are my own worries too, although most of the time I think to myself I have enough about me to keep motivated and enough ideas to keep me busy.

Not much will change for us. We will simply be able to afford to do more travelling, consider private schooling or the possibility that we might actually be able to retire before we fall into our graves. Now winning the lottery .... that would throw up all sorts of possibilities!

Lunar_Eclipse

george_jetson wrote: »

The fact I don't need to work means that all the day to day frustrations of the workplace just melt away. It's hard to explain but because I don't need to be there means I can let all the work bs just wash over me.

Now that is a luxury that is completely different to being mortgage free! Hubbie would hand his notice in within a second if we didn't rely on his income to live.

noodles42

Hmmm

Sad to say that I think I will do it all over again :eek:

Have always dreamt of having a little house in the country that we could escape to and the only way to do that would be another mortgage (or a lottery win but think that is pushing me luck as I always forget to buy a ticket)

Although I do lurve the sound of George_jetsons new life - good for you:T

Robert_Sterling_3

want2bmortgage3 wrote: »

I wonder if anyone has a slight worry in their minds as to what they will spend their time doing once mortgage free? .

Answer questions on MSE in my case.

ernie_3

I understand what you are getting at. I think it should be a time of enjoying in what you want to do. My self and my angelmaid should be mortgage free in December 2011 and we will be aged 44. We have 2 daughters who are at present 13 and 16{school leaver} i want to help them, driving lessons, cars, furnishing flats{ other jobs that mums and dads do} We want to get a T5 VW transporter and convert it to a campervan, that will cost about £20,000. This will be a funded by remortaging{best way to borrow money}unless a lottery win comes our way. As people say you are only here once.

all the best from "cold but no snow" Plymouth

RosieTiger

I find all of the above comments really interesting. The people I know who have managed to pay off in full wanted a lifestyle change - I think thats the key. being able to choose. Work drives a large part of what we al do - if you were mortgage free, why take another mortgage to live in the country for example. You could move there instead. maybe you wouldn't earn what you do now, but with morgage gone would you need to ??

We want the ability to decide, be that early retirement, travel more, fancy cars or even to just decide enough is enough with work. I would like to think I would do something else work wise before i finally stop and wouldn't it be great to think that financial drivers had nothing to do with the decision ?