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"Did They Pay Off Their Mortgage In Two Years" - BBC2 7:30 tonight

steve700
steve700 Posts: 312 Forumite
in Debt-free wannabe
Don't forget :smiley:
«134

Comments

  • itsarichmansworld
    itsarichmansworld Posts: 1,484 Forumite
    argghhh!

    bbc 2 Scotland, in showing gaelic programmes...

    Thank god for sky channel 992 bb2 NI for the Scotties...
    Isn't the knowledge that comes from experience more valuable than the knowledge that doesn't?
  • Mule
    Mule Posts: 74 Forumite
    Didn't they do well!! Very interesting prog.
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    Is this available to watch on the internet anywhere?
    Happy chappy
  • cuddlymarm
    cuddlymarm Posts: 2,322 Forumite
    Part of the Furniture 1,000 Posts
    Well done to them.:T :T
    It's nice to see that with a lot of work that it's possible to wipe out debt.
    :beer:

    Pay off by Xmas 2026 £175/£2324.67
    February NSDs 6/15
    February PADs £55
    February grocery challenge £67.42/£200
  • vizcacha
    vizcacha Posts: 362 Forumite
    They did so fantastically well! :j

    It was fab of Rene to help them to the final target by buying a hotpod

    what a lovely family they are :D

    the kids getting excited about elderflower fritters ! :rotfl:

    made me so happy for them that they did it - cheered me right up
  • beanielou
    beanielou Posts: 99,629 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    What happened then?
    Dident realise it was on Sky.just knew it wasent on in Scotland.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** in ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger.
    One debt remaining. Home improvement loan. 19months left.
  • pipee
    pipee Posts: 70 Forumite
    They did do very well, but I find the program a bit infuriating. Why is there such a rush to pay off a mortgage in 2 years, it's a bit unrealistic and unnecssary. Why was their a need to eat flowers from trees? Why couldn't they have spread it over 3 or 5 years and built up a very successful business that could have made them very wealthy, rather than selling themselves short.

    And in reality they didn't do it as they now have a large tax bill to pay which he just matter of factly threw in at the end, how do they intend to pay that?!
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • im1dful
    im1dful Posts: 117 Forumite
    But he said that they had to not forget to deal with the tax, which would suggest that the £105k was gross and so they have a huge tax bill to deal with and their mortgage hasn't actually been cleared.
  • taxi73
    taxi73 Posts: 20,815 Forumite
    at least it may give inspiration to others to untap earning potential...and the principle could be applied to 3 or 5 years or any other period you think of...even without paying the tax ...if they carried on they would make the money off the next round of stoves..they did really well...as for the elderflowers my guess would be that they eat that sort of thing normally along with the nettles...I would love their laidback style...
  • kuohu
    kuohu Posts: 913 Forumite
    Part of the Furniture
    im1dful wrote:
    But he said that they had to not forget to deal with the tax, which would suggest that the £105k was gross and so they have a huge tax bill to deal with and their mortgage hasn't actually been cleared.

    Yes I spotted that too. The ending was a bit fudged, but they are definitely on track to do it within 3 years so perhaps it wouldn't have been fair to call them failures for not managing it in 2.
    DFW Nerd 035
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