if we achieve debt freeness whats next?

itsarichmansworld

I want to be mortgage free eventually.
I Watch all these programmes and I think If I can pay my £25k:eek: Debt off in 4 years I can have my £27 mortgage paid off in similar fashion???

Has anyone thought of this?

Would this be the ultimate Debt Free wannabee?????

Opinions please!

:money: :money: :money: :money: :money: :money: :money: :money: :money: :money: :money: :money:

Mrs_Sparkle

That's my next goal after getting rid of this debt. Sadly my mortgage is £224K so that'll take me a few years! But it'll be nice to have another goal in mind after this debt is cleared.

My other goal will be to purchase a few new additions for my shoe rack which is being neglected in these DFW days.

itsarichmansworld

Mrs Sparkle lmao !!!

Need shoes too but I'm just starting out on the dfw way Plus I have a room full of shoes ! eek hence the debt!

Mrs_Sparkle

Know the feeling- I think my personal record is 4 new pairs in one weekend! But they do look lovely on my shoe rack

frugglewump

Yes that's what we are aiming for as well.
We have an HSBC homestart mortgage that automagically converts from IO to repayment after 3 years - fortunately my DFD is the month before conversion.

southernscouser

My next target is to get a mortgage! Let alone clear one! :rotfl:

nearlyrich

I think quite a few DFW peeps migrate to MFW board when they acheive freedom from debt, I can only say it's great to get your pay in the bank and decide how to spend it for yourself, obviously there are always a few bills that have to be paid but on the whole you feel a great sense of freedom.

Brassic

I'd like to do the mortgage free thing as well, but first we're going to have a damn nice holiday Oh - and I'll buy another car - although I haven't got rid of mine yet.

itsarichmansworld

I want to do this although may be silly when we're debt free we'll actually need a bigger house , cause we want to have our babies then but I will have a deposit of at least £60k in a deposit so it wouldnt be a massive mortgage.

I plan never to have a credit card store card overdraft etc ever again, So I
wouldnt feel so bad about a big mortgage and in all fairness
If I clear this mortgageI know what your thinking stay there enjoy your freedom! But I couldnt bring kids up in our area I wouldnt want them to talk like chavs.... nat no and aw that man! (The glasgow chav language!)
Great first time buy bought for £15 worth in excess of £60k now!

southernscouser

I sound like a chav!

Bit hard not to when you're on the Essex/East London border! :rolleyes:

yung

I became completely debt free in July after my Mortgage was paid off. now I am spending the kids inheritance.