mortgage do I pay it off

peterrocketts

Thought I should let you all know what we decided to do and why. First of all let me comment on Jonbvn input. Firstly I never have and never would do warm fuzzy, and secondly regarding the entire global financial system their predictions and or assumptions, the records to date show them to be not that clever. Also the government will not be bailing out the company I work for, unlike they do for them with our hard earned money.
We think is still true today is that bricks and mortar is a sound long term investment, and most of the comments don’t seem to see the house as a sound investment. I suppose it’s the quick buck mentality out there.
I looked at investment in long term savings or pay off mortgage options and decided that we would pay off our mortgage and we did this back in early December 2015. Simple because either is an investment and the end figures were not that different, but we would know exactly where we are going into the New Year. Plus in real terms the current value of the property is well in excess of what we paid for it, and we still have a bit of money put aside.
So we started the 2016 totally debt free and I mean totally. I am still looking for a job, but its not a constant worry to me now and I quite like the idea of a month or two off, if needs be I can also take a less stressful job even though it would be with less salary and be no worse off. There is an old saying that money does not make up happy, I am not sure about that but being debt is making us happy (not warm fuzzy).

peterrocketts

Just a quick up date, I did find another job and started a couple of weeks after redundancy. Its now over a year later, and I dont regret my decision one bit and would do it again in a heart beat if I had a second chance. Being debt free is a brilliant feeling.

Jo_Blogs

peterrocketts wrote: »

Just a quick up date, I did find another job and started a couple of weeks after redundancy. Its now over a year later, and I dont regret my decision one bit and would do it again in a heart beat if I had a second chance. Being debt free is a brilliant feeling.

Congratulations all round :T:T:T