Mortgage Free in Three Yrs

angelavdavis

Jillinoz wrote: »

(warning: self-indulgent moment coming up - it's the only one of it's type in the country and I'm travelling down to London the week after next to collect it).

Sounds like you can afford it - its not as though you are paying off an enormous mortgage :rolleyes:

Jillinoz

Hmmm, not sure how to take the :rolleyes: here?????

angelavdavis

Well meant sarcasm!

Jillinoz

Phew! Okay. Breathes out now. I was SO paranoid about appearing really smug in the Sunday Telegraph piece that I had a few sleepless nights after agreeing to speak to the journalist. And then it took me a 24 hours to summon up the courage to actually read the piece. And look at the picture. I haven't told a soul I know that I was featured in the story.

Jillinoz wanders off to pour herself a much-needed glass of red wine....:D

As you were.

Karmacat

Nah, Jillinoz, you did the right thing in appearing in the newspaper piece, as well as actually paying off your mortgage. And buying the bike........ and pouring the wine....... lol! Not a smidgeon of smugness... well done you! We all need examples of what's possible.

catshark88

I absolutely agree! This challenge (to me) is about the freedom that comes with a low/ no mortgage and after all your hard work the least you owe yourself is a good bike and some wine!

It is great to hear people's successes, it keeps us going during the hard times of a long challenge.

Dithering_Dad

Hi redtammy279 & ellabellaboo, I hope you don't mind me saying this, but I think I agree with Tall Girl and suggest that you look at paying down your debts first. You have £52,500 & £45,000 worth of debts respectively and unless you are lucky like karmacat, who has them on lower rates than her mortgage, I would imagine the interest rates on these are higher than your mortgage rate and so these debts should definitely be tackled first.

I was in the same position as yourselves prior to starting the MFi3 challenge, albeit with a much smaller debt and so made it a priority to get rid of all my non-mortage debt first, then I saved up my emergency savings (3 months worth of income) before I started to tackle my mortgage.

If you post into the Debt Free Wannabe board, they will show you how to reduce your outgoings and look at better ways to repay/refinance your debts. The DFW people are really helpful and lovely people (not like these penny pinching MFW misers in here :rotfl:).

sarahe

There I was quite happy paying off my mortgage - when after about 5 years of procrastination we decided to put our house up for sale.
So 3 weeks ago the board went up and we are now in the process of solicitors etc and writing cheques for structural surveys and search fees.
What amazes me is the cost of moving..... hadn't read the right forum boards to warn myself!
What's worse - as we may not be able to afford things after we get the new mortgage I trying hard not to buy things now for when we move. We will be moving from a small house to a lot bigger one.
Well done to those that are doing well. I'll check back in a couple of weeks.
Sarah

angelavdavis

Jillinoz wrote: »

Phew! Okay. Breathes out now. I was SO paranoid about appearing really smug in the Sunday Telegraph piece that I had a few sleepless nights after agreeing to speak to the journalist. And then it took me a 24 hours to summon up the courage to actually read the piece. And look at the picture. I haven't told a soul I know that I was featured in the story.

Jillinoz wanders off to pour herself a much-needed glass of red wine....:D

As you were.

I had similar post-interview panic attacks! Sounds like between us, we have downed a few glasses! I actually changed my name in the article to my new married name so no one would recognise me:D which caused the MSE lot no end of problems when Southern Counties wanted my details!!! If its any consolation, I think your piece read very well!

I actually got rumbled by my husband's aunt who phoned my inlaws. Her husband is a retired City man and obviously reads the Telegraph! I had told my in-laws that I had been interviewed when asked "So, what have you been up to today?", but I don't think they really believed me!!! My family know me well enough - "yeah whatever" was generally the response I got from them!!!

Karmacat

Hi Angela

Aw, didn't realise it was going to be so scary for you both! Well done for taking the plunge.... I'm sure stories in the Telegraph get picked up by others, so the influence will spread, and also, y'know, Telegraph readers are likely to be able to overpay - the more people who do, and take themselves out of debt danger, the better.