Reaction of friends, relatives to the Mortgage-Free Wannabe idea

AniaS

Reaction of friends, relatives to the Mortgage-Free Wannabe idea

I am on my MFW journey for the last 3 years and 1 month. Thanks to the main website and forum my knowledge has greatly increased helping with finding the suitable mortgage and choosing my mortgage ‘battle’ strategy.
I am very happy with my offset mortgage and keep the offset saving account growing nicely and significantly reducing the interest paid. In the last three years it has gone down from around £160 to less than £10 a month :T. Seeing the numbers going down slowly but surely each month gives me a real motivation to keep going and great sense of satisfaction :beer:.


Like most newbies I have tried a number of times to talk to friends and relatives about my MFW journey and approach which I found are not shared by the majority of them.

• Do you ever talk to your friends about yours MFW experiences or targets?
• What are their reactions?

If there is a similar threat already that covers this topic could you please post a link.

HappyMJ

I don't talk with my friends about my finances. I think it's well...I won't say...it's just not the done thing.

You are supposed to appear like your friends are....i.e if they are struggling then you should appear struggling too and not even mentioning that you can stick another £100 a month onto a low priority low interest debt.

Mortgagefreeby50

Hello,

There was a thread a while ago, I'll see if I can find it for you...

AniaS

That would be great, thank you Mortgagefreeby50

financialbliss

The first rule about mortgages - you don't talk about mortgages.
The second rule about mortgages - you don't talk about mortgages.

Play on words from fight club.:D

I became mortgage free in September 2012 and the only people apart from you MSE folks that know are my parents.

We know it makes sense to pay down the debt, but the common misconception is that it's something you "just have" for 25 years - part of being a proper adult.

Quite a few years ago I used to mention mortgages to colleagues or friends and the general consensus was "You must be minted". Nope - just a sensible approach to spending and not the latest and greatest gadget every five minutes.

FB.

Sambucus_Nigra

My only comment is 'x years to go til that mortgage is paid off'. Nobody seems to be against that notion!