I've Done It!! I'm Finally Mortgage-free

sparklymessygirl

Many congratulations! I cannot believe how much interest you have saved. I bet it will take some time to sink in?

Sparkly

reformedEffortMaker_2

CONGRATULATIONS MartinsloveChild-what do you plan to do with the spare cash you have each month?

nearlyrich

Dithering_Dad wrote: »

Meanwhile, I'll see if I can persuade the board monitors to make it a sticky.

It's done I thought this was a great idea

Well done MLC he was my mentor on Malaysia so he proves you don't have to stop living to be MF

oldenufftoknowbetter

Congratulations it's a fantastic feeling isn't it. Even more enjoyable at the end of the month when you see the money still in your bank account:T

What a way to do it also by using 0% cards :rotfl: using them to beat them inspiring stuff.

Martinslovechild

reformedEffortMaker wrote: »

CONGRATULATIONS MartinsloveChild-what do you plan to do with the spare cash you have each month?

That's something that i've been considering myself for a while too!!

I suspect that I'll initially save as much cash as I can each month and put it away in ISAs etc until there's a housing crash (this is a political cookie because although some people believe that there won't be one, I strongly do). In fact, I'm so convinced that there'll be a housing market crash after 2010, hitting the bottom of the next cycle in 2013-2014, that i'll look to purchase a holiday home at the bottom of the next cycle (I bought my current property at the bottom of the last cycle in 1996 - I certainly couldn't afford to buy it now!). Of course, if there is no crash, i've not lost anything - I certainly don't intend to buy a second property at current prices.

Other than that, we're jetting off to Australia for a very cheap holiday (I save points with hotel stays that I do with my work which I then convert to Frequent Flyer miles). I've saved enough Qantas points for the 2 of us to go to Hong Kong, Sydney, Perth & Singapore at Christmas/NY for free!. We're now in the process of booking the hotels (unfortunately these aren't free, we'll book these over the next couple of months).

The most important thing for me now though is to have the financial freedom of being able to take a less stressful job at any point that I choose. Of course, if my current employer were to offer me redundancy, I would bite their arm off for it .

GreenNinja

Martinslovechild wrote: »

That's something that i've been considering myself for a while too!!

I suspect that I'll initially save as much cash as I can each month and put it away in ISAs etc until there's a housing crash (this is a political cookie because although some people believe that there won't be one, I strongly do). In fact, I'm so convinced that there'll be a housing market crash after 2010, hitting the bottom of the next cycle in 2013-2014, that i'll look to purchase a holiday home at the bottom of the next cycle (I bought my current property at the bottom of the last cycle in 1996 - I certainly couldn't afford to buy it now!). Of course, if there is no crash, i've not lost anything - I certainly don't intend to buy a second property at current prices.

Other than that, we're jetting off to Australia for a very cheap holiday (I save points with hotel stays that I do with my work which I then convert to Frequent Flyer miles). I've saved enough Qantas points for the 2 of us to go to Hong Kong, Sydney, Perth & Singapore at Christmas/NY for free!. We're now in the process of booking the hotels (unfortunately these aren't free, we'll book these over the next couple of months).

The most important thing for me now though is to have the financial freedom of being able to take a less stressful job at any point that I choose. Of course, if my current employer were to offer me redundancy, I would bite their arm off for it .

Well done on clearing your mortgage! You must feel amazing!

Stories like this keep me going on dark depressing days when I wonder how long I can live frugally and save to pay off my mortgage!!

:beer:

shelagh

Hi Martinslovechild,
brilliant stuff, well done you. I am just wondering how old are you, did you become mf before your 40th. as hoped?
best wishes
Shelagh

Martinslovechild

shelagh wrote: »

Hi Martinslovechild,
brilliant stuff, well done you. I am just wondering how old are you, did you become mf before your 40th. as hoped?
best wishes
Shelagh

I certainly did!!

I'm a very happy 38 year old.
:beer: :beer: :j :beer: :beer:

[Deleted User]

Many congratulations in joining the club!

Leighthal

Hey GRATS!:beer: .
I was in the same situation about three weeks ago,but now I've applied for another one!.Here we go again