mortgage-free by magic?

jetfighter

Deleted_User wrote: »

One person I work with is always complaining about her debts. As an ex CAB debt advisor I have tried to help her and also pointed her towards MSE for moneysaving ideas. But she really does not want to be helped - she just wants to spend, then moan she has no money.

I have a friend like that and it's getting frustrating now! I started off trying to help him but rather than clear his debt, he instead talks about all of these gadgets and non-essentials (such as gym membership) he wants to splash out on - all the while he's getting bank charges for bounced direct debts and the charges are mounting up - he complains bitterly about it but it could easily be sorted with a little self-restraint.

I guess we are lucky in a way - we're lucky that we're somehow incapable of getting ourselves into that sort of a pickle. Maybe these people envy our ability to manage our money well? I don't know really - there is some sort of envy there but like you say, when it comes down to it they're not really interested in learning how to do it.

evab_2

HI everyone,

We have only told my parents that we are making overpayments on our mortgage and they are really supportive, they paid off theirs when they moved to North Wales even though the main reason to be careful was because my dad can't work anymore due to his eyesight, they would have paid it off anyway.

I think my brother would think it's a good idea but my sister would think that it's just another way that we are apparently trying to outdo her all the time, long story!

I really don't care what other people think and hopefully in the future I can work part-time and enjoy having freedom every month. The house is not glamorous, we don't have a top of the range car and we don't have a lot of material possessions but we're happy and everything we have (except the mortgage at the mo) is ours!

Ev x

getmore4less

Dithering_Dad wrote: »

I am absolutely convinced though that if my sig was a DFW one, rather than a MFW one (the £150k challenge being debt repayment rather than mortgage repayment) it would not have elicited such a hostile response.

Its a sad reflection on society when having mortgage free aspirations causes such a backlash.

So take the word Mortgage out and put Debt its the same thing anyway just a low interest rate because it is secured on a house.

If everyone does it, those in the know will relise the hidden secret its a morgage and the rest will be none the wiser and less hostile.

Marsh_Samphire

Dithering_Dad wrote: »

I am absolutely convinced though that if my sig was a DFW one, rather than a MFW one (the £150k challenge being debt repayment rather than mortgage repayment) it would not have elicited such a hostile response.

It's as if those people have forgotten that a mortgage is a also debt!?

I am overpaying my mortgage too, I want to reduce/clear it as fast as possible. I also have a degenerative disease and, although I am working 30 hrs a week now, I might become worse in the future and not be able to work as much as now. I'll never get promoted at work because I can't work full time so I won't be able to increase my pay much so I just pay a bit more every month and even that small amount is making a dent in it.

Well done to everyone on here trying to clear debts and/or mortgages! :money:

Dithering_Dad

getmore4less wrote: »

So take the word Mortgage out and put Debt its the same thing anyway just a low interest rate because it is secured on a house.

If everyone does it, those in the know will relise the hidden secret its a morgage and the rest will be none the wiser and less hostile.

It's even sadder if we have to become a secret society of MFW's with hidden meanings and secrets in our signatures just so we don't offend people who have chosen to spend money rather than save it.

I've already fallen into this in a certain respect because I remove my signature when making posts. I'm going to stop doing this, I'm proud to be working hard at securing my family's future. If this put's people's backs up then that's their problem not mine.

lol, oops I still unticked the 'show signature' checkbox - old habbits die hard. I'll tick it again now!!

getting-sorted-sarah

Well done all of you who are paying off your mortgages early! I envy you (although not in a bitter way, just in a whooo, wish that was me way) because I am a DFW rather than a MFW.

I just want to say that this is not because I chose to spend rather than save, it is because of a host of stuff that life threw at me. I work hard and I am sensible with money. All sorts of things can happen to any of us that may mean life doesn't turn out how we'd like.

Be proud of what you're doing - I am proud of what I am doing!

mountainlioness

Dithering_Dad wrote: »

I posted into a thread on the house purchase board and forgot to untick the "Show your signature" box. ..
Its a sad reflection on society when having mortgage free aspirations causes such a backlash.

Interesting you saying this DD - I've only posted a couple of times on DFW and as I didn't know you could hide your sig, have left it on... I haven't had any adverse reaction so far but I have to admit every time I post I hesitate. I feel like I almost need to apologise for being there - that daring to post might be taken as being self-satisfied or bragging because our only debt is our mortgage (even though that couldn't be further from the truth in terms of my motives - why would I post if I didn't want to be helpful?)

We do earn relatively good salaries for our ages (28 and 31) but it is a shame that we have to hedge and fudge when it comes to talking about money as if it's somehow socially unacceptable not to be in debt and to be concerned not to waste money. I tend just not to talk about it too much... though I'm lucky to work in an environment in which money talk and jealousy doesn't seem to feature. There's a bit at DH's workplace, he's in sales, but nothing that bothers him really. I think we struggle more with other ppl's expectations of spending levels - assuming we'll be fine joining in with their spending habits on nights out or shopping trips. It's really difficult to explain you have other priorities and attitudes without them thinking you're implicitly criticising theirs...

Courgette

I told my mum I was planning to get rid of the mortgage as quickly as possible and her reaction was one of horror! She says I'm daft because H2B could divorce me and walk off with all my hard work!! Thanks for the faith, Mum. Does that also mean she'd rather I gave thousands and thousands to the bank rather than take the risk that H2B won't do a runner once we're married?

I know what you mean about people's odd attitude to money. I recently found out I could reclaim a fair bit of tax that I shouldn't have paid last year but did. I emailed everyone I know who's in the same situation, a few people have got back to me as excited as I was, others have said they're not gonna bother as it's probably more trouble than it's worth and they're probably not eligible and others still haven't even replied to acknowledge the email. Some people are mad, aren't they!

elantan

mountainless dd didnt have the problem in the dfw board it was on another board, but no matter what board it was on the bad treatment of a fellow mse member is displicable. Saying that you also get trolls on every board not that that is right either but it can go some way to explaining some behaviours ....

there was a discussion on the dfw recently about how people choose to class themselves as debt free, a few thought that as long as they owed no money except their mortgage and student loan they were debt free as far as they were concerned. I personally will class myself as debt free when i owe no-one or no institution money ...

till then i am happy flicking between the dfw/mfw boards with an occasional visit to other boards and cant wait till the day i will be able to join the mfi3 group...

show your signature be proud of who you are and what you do whether on here or in the real world you dont have to answer to anyone but yourself

Dithering_Dad

elantan wrote: »

mountainless dd didnt have the problem in the dfw board it was on another board, but no matter what board it was on the bad treatment of a fellow mse member is displicable. Saying that you also get trolls on every board not that that is right either but it can go some way to explaining some behaviours ....

Thanks elantan, yes it was on the housing board not the DFW board where I had the hassle - probably a poor choice on my part in using the DFW signature as an example.

I have never had any hassle about overpaying mortgages (or anything else really) with the good people of DFW.