How we Paid Off Our House In Less Than Five Years- Our Debt Freedom Story
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- เผยแพร่เมื่อ 11 ต.ค. 2017
- This is our debt freedom story. I share how we paid off our house in less than five years.
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You all know I love the simple lifestyle. Staying home with my kiddos, making food from scratch, living naturally and DIY'ing as much as possible.
I don't call myself a minimalist, but our values as a family align with the movement in so many ways.
When it comes to finances, I knew debt freedom would be the only way to live the simple lifestyle I love.
This is our debt freedom story.
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The key word here is "we". You have to be equally yoked with the same mindset. God bless y'all❤
I love being debt free! I own my home, zero debt and I was able to do it all myself by being willing to simply "go without" a lot of things that I just don't value more than financial security. It is worth it!!! I have suddenly found myself laid off, single and pregnant with my first child (Yay! It's a boy!). This had the potential to be the scariest time of my life. But between owning my home, my savings (it's really easy to save when you aren't paying rent) and living simply I will be able to provide for myself and my child without employment for at least a year. And I could continue to take care of all of our needs by working at a place like Starbucks. The security and peace this gives me is incredible. If an uneducated single mother with no outside support can do it- so can you!
love everything about this!
You are not uneducated you are self educated God bless you❤
My husband and I are 24, and we're working on our debt for the next two years then we plan to buy a home with cash. It's so helpful to hear these kinds of stories knowing this could be us in 6 years
Thank you, Nora! You and your husband are very smart 👍 I hope you both find the perfect house!
You can do it, I am 24 with 3 kidos. My husband and I are debt free besides our home. We will have it paid off in 5 years!
Nora Conrad sslan
Refreshing to see a responsible young family.
I'm also debt free. It started years ago with credit cards. Paying them off one at a time. Then, we concentrated all our efforts into the house. We used to have 4 cars. Sold 2 and all the money went to the house, etc... It's a real blessing being able to breath. To feel free from any stress.
Thanks for sharing. Blessings
Ahh its so refreshing and freeing, isn't it?!
Lisa Farmhouse on Boone 100%
@@aracelisescalona150 hi there! Where are you on your journey?
SO SO GLAD there is finally a youtuber than admits things are expensive, instead of just showing things that look so extravagant! It’s nice to be able to watch someone who is personable, honest and seems to be a real person!
I went back to college at 33, my savings were used up by the end of the first year, so I took out a loan for the remainder. I was massively in debt by the time I had graduated which was pretty terrifying. The interest rates were through the roof, and I was estimating a 40 year payoff. I got a job, paid myself a small amount each month and didn't 'cheat'. I paid off EVERYTHING in a year and a half. I will never forget that last payment - FREEDOM. Now I can actually save. I still pay myself a set wage every month from my total income, the rest goes into the bank.
I’m Debt free..we’re two years from being Mortgage Free....This is so inspiring...
Congrats! Thank you!!!
We are also 2 years from being done with a mortgage. It's so refreshing to share the same goals and know it is possible to live debt free!
You are amazing to as Dave Ramsay says, live like no one else so you can live like no one else.
Thank you so much!
I think the quote is, “Live like nobody else will, so you can live like nobody else can.”
YES! I live by his guidance!
Live like no one else. So you can live and give like no one else! DR
My husband and I have been following Dave Ramsey's plan for 7 years and are debt free except for our home. Your video popped up in my feed and totally inspired me! Sometimes I feel like we are the only crazy people trying to pay off our house. It's nice to find others with the same dream. 😀 Good on you!
Yes! It's apparently a pretty counter-cultural thing to do. Good for you guys!
My husband and I both drive vehicles that we paid 3 grand for...and may I say they are actually really nice! Our farm house, barns and 5 acres we bought for $65,000 and we are 2 years in and only have 4 years left (we will be aggressive to pay off sooner) we have actually remodeled 75% (very affordably) and had our first baby. it's really nice to see others live the way my husband and I do. And I am also blessed to be able to raise my child at home
I'm so happy that debt free is becoming so fashionable. It's possible for all income levels as well. Thank you for sharing your story.
You're welcome 😊
Oh how I wish I would've figured this out in my 20's!!! Now in my 40's we are scrambling to get things paid off. We'll do it, but man it would've been nice to be FREE by this stage!!! Great job!!!
You can still totally do it!! :)
Laurie, I'm in the same boat. Don't give up, we will get there 💪👍
I love this story Lisa tells! So inspiring! Everyone who is going to buy a house should listen to this. They should show it to high school kids in Dave Ramsey Finance Class. So inspiring!❤
Thanks for sharing...so inspiring. We just paid off credit cards $42k. We set a goal and we were focused and it got done 7 months. Working on the cars and then the house. You go gurl!!! May God continue to bless you.
Thank you so much Kerri-Mae!
42k, that’s great! What was your plan? I’m working on school loans that are about that much.
Kerri-Mae Ashley great job! You got this 👍👍👍
I wish I was as wise as you are when I was in my 20/30's
Oh Lisa you touched on so many amazing aspects of living a full life by not being in debt and living beyond your means. We are on the path to pay off our home in the next 3 years so when we do that it will be only a 10 years mortgage we had. I cant wait for that day to be 100% debt free from our home. its the only debt we have. I loved hearing your story and its very inspiring. You took a house and made it a home with all your hard work and love you put into it and now its even better because you own it 100%. Really enjoyed hearing your story.
Thank you!
Momma from Scratch: Are you almost done paying off your home? We owe $62,000 on our home...
How wonderful that you and your husband live within your means. So many folks today just don't understand that kind of freedom. Thanks so much for sharing and inspiring.
Thank you for watching and commenting. :)
Good for you guys that you are content with your home and not always wanting more. My husband and I did the same thing and lived way under our means. Little did I know he would need around the clock care and I had the freedom to stay home with him while he was terminally ill. God Bless your precious family.
What a awesome and inspiring testimony! You have so much Wisdom and should be so proud of yourselves! ❤❤❤
Thank you so much for your continued support Trudy!
New subscriber here. We just finished paying off our mortgage in September. We also did it in less than 5 years. Feels so good doesn't it? We made double payments. I was still able to stay home. I was also able to take care of my mother when she got sick. My husband was off work recently for medical reasons and it felt so good not having to worry about money. All is good now and he's back to work. We always plan to live frugally. It gives you freedom and peace of mind. Looking forward to catching up on all your videos.
Love it! Congrats!! So nice to hear the importance placed on investing in healthy organic foods. Sooo valuable! 💗🍃
I'm so happy to hear your story. I grew up in a family where financial responsibility was non-existent (i.e. foreclosure, repossession and more than 100k of debt). I am currently paying off the hole I dug myself in (thankfully, not a lot), and I see your story as an inspiration. It's a struggle being a single mom in my twenties and wanting things that other people have, but I have come to the realization that I don't want to work until 72 to pay my debt off.
New subscriber here! Love this! We are buying our first place and getting a lot of negativity about the kind of place we are buying, but we value simplicity and the peace that financial freedom gives us.
Such a refreshing story. It takes a lot of courage. All the efforts and energies that you have put into that project is really paying off. It teaches your kids how to manage their finances. This is a gift that you have decided to give yourself and your family. You
are doing a great job as parents. Lucky kids!
Thank you so much!
I love this! We are three years from paying off our house. We actually just paid off our rental house, which felt amazing! Other than that we haven’t had any debt for at least 7 years. We haven’t tried very hard to pay down our mortgage though. We have enjoyed some nice vacations and down some expensive renovations on our house and yard. We will be 100% debt free before we turn 40!
This is great Lisa! Thanks for sharing this. We have a very similar story. We actually paid cash for our fixer upper farm and do not have a mortgage either! We have junker cars, do not have a TV, and have simplified our lives so we can live our dreams. Even though my husband loads trucks for Walmart I am able to stay home with our girls. It was so worth all the sacrifice at the beginning of our marriage to now be able to live with financial freedom! Simple living helps you focus on what truly matters.
Isn't it so amazing that you can live so free with such a small income? I have had women say to me, "well, my husband doesn't earn enough for me to stay to home." I guess they think I married a doctor or lawyer. We paid off our house back when he still earned 14 bucks an hour. It is SO worth it! Thank you so much for watching, friend!
Boy I wish I watched this video several years ago before we purchased our home! Very impressed by your entire mindset!!! Thanks for sharing this very important video.
Aww thanks! It is never too late to start changing financial habits though. Don't be discouraged! :)
What an inspiration to other young families and older ones too! Yay on you! Well Done! You used a lot of common sense and good decision making skills!
Oh Lisa!! You brought tears to my eyes!! Sometimes the best place is a cheap place..... sending ya warmest of love and God Bless ya from Ohio.
Thank you so much Keoni! So sweet of you to watch my video and comment. :)
I'm so proud of you! You have done what it took me 33 years to learn. I wish I knew then what I now know. I've shared this with my teens so they'll avoid the steep learning curve. It is costly. Thanks for sharing your inspirational story.
I love your videos, you and your husband are very wise. I did not become debt free until I was in my young 40’s, it was the best feeling in the world. From the day I became debt free I’ve refused to go into debt again. Stay wise and resist the temptation.
Thank you for the encouragement, Janice! It can definitely be difficult at times.
Just found your channel! I can’t thank you enough for being so candid, humble and taking the time to educate us all! I am of the same opinion, and paid my home off in approximately 5 yrs! I am sending your video to my son and his wife. They are in their late 20’s and would benefit hearing this important life lesson, from someone who is living their “truth”. Financial Freedom is Amazing,!!!!!
Congratulations! I’m so happy for you and your family. I loved hearing your story. I myself plan on being debt free ASAP when I get into my first place so thanks.
What a wonderful testimony. My husband and I are also debt free, we fixed things around the house as we could also afford them. I was able to stay home. I also enjoy sewing different projects for my home. God Bless you and your family.
Thank you!
I love your attitude toward living a simple beautiful life!!! The world needs more of this!
You never hear of young people with this mentality . Good for you exercising this discipline, I wish more young people had this intelligence. You are truly teaching your children a valuable lesson. 👍❤️
thank you
It's really inspiring to see a young couple thinking simple and not get tempted by "bigger and better". I am considering moving to my rental property which is smaller and paying off the mortgage there. It gives you so much freedom and you realize that peace of mind is priceless.
Wow, Lisa! What a beautiful story! You continue to amazing me and keep me interested in you and your life. It's a real treat to hear that you and your husband are both in agreement and you worked and are working together to build a solid life together with your sweet kiddos! Everything about your blog is great! So, it's not what you usually talk about. It's needed. It's important. It's A maZ ing! The more you share, the more I can't get enough of you! Real food is healing. Nutrient dense food is healing and promotes wellness. You rock! Rock on, guuurrrl!
Thank you so much for following along, Lynn!! And I really appreciate your sweet comment. :)
That’s awesome!! We didn’t snag a crazy cheap house but definitely trying to pay off our house early. That’s an awesome story!! Thanks for sharing. 🙌🏻
God bless you and your family. It's so great to hear families, that can figure out ways in how to budget and reach they're goals in helping out they're whole family. God bless you again.
Very seldom do you find someone of your age that is so responsible. So many young families want it all and want it now. Credit cards are nice to have for emergencies but I see so many people that are in debt over their heads. I'am 64 years old and I sew and make a lot of things myself instead of spending a lot of money. We are in a position to be able to get what we want but we live a very simple life. It is refreshing to hear you say that you don't need a new car or new furniture to be happy. I must tell you that I have wondered how you keep your house so neat and clean with 4 children. I see all the white in your home and I love it. I'am so glad I found your channel. I loved the tutorial you did on slip covering the chairs. You said "you have a pillow business" and I hope you will share some photos of that. You don't need material things in life and you live simply but you are very rich because you have your husband and 4 (almost 5) beautiful children.
Thank you so much for stopping by, Barbara! I agree..the simple life is the best life. :)
So glad you shared your story. I'm impressed you guys had the vision and responsibility/self-discipline at such a young age. I hope tons of people (young and old) see this and follow in your footsteps. Congratulations!
I have such respect for you and your hubby for living a debt free life. We are barely just achieving this goal in our 40's and have decided to sell everything to downsize and simplify our lives. We are realizing how much having material things can complicate and stress us out! The little fixer upper we are moving into is a 1970's time capsule but seeing the beautiful job you've done to your home gives me hope and I'm super excited. I love the minimal farmhouse style. Thanks for your great advice and videos.
Smart young couple. My husband and I have been debt-free since 2000. It took us 8 yrs. but it was worth it. Each time we paid something off, we celebrated with ice-cream cones. That might not sound like much to some, but once you stop eating out, it can be quite a treat. There's nothing like owing no man. Just wish we would've been smarter sooner! (Same here, Lisa. Our biggest expense is organic food. However, the health issues I once had, are beginning to disappear.).
You're not crazy, you're both wise and disciplined! Thanks for sharing, especially the truth of what it really takes. We are about to move and hope to pay it off fast! (It's a Farmhouse!!) New to your channel and love it.
Thank you o much, Andrea! Glad to have you following along. :)
Thank you for this. I have a shopping problem. Discipline is what I need... Point blank end of story. Bless you
I think it's awesome that you did this. I'm in my 50's and wish I had someone tell me this when I first got married at 21! My daughter is in her early 20's, and I encourage her to do this. I think I'll share your video with her. She loves the farmhouse style, too! Thank you for sharing! Y'all are pretty smart! Blessings! Kim
I really enjoyed this video. Inspiring. Debt freedom. Doing it young is so smart.
Lisa youre my favorite TH-camr! Yall are so smart, fun and every video is awesome!
I am SO impressed with your dedication and hard work, esp. with your children. And how wonderful that you had the skills and drive necessary. Good for you both!
What a great job you and your husband did! Congratulations on your accomplishment through much perseverance, dedication and commitment. You're reaping the benefits now and that makes it so worth it.
Thank you so much, Debbie!
Love your simple living/debt free mindset! I’m right there with you! Thank you for sharing!
Thank you so much April! :)
I love your outlook and where it lead you . My husband and I are starting our debt free journey buy our first home and hopefully paying it off in 3 years ! And raising our 3 kids in a humble modest home .
You can do it!
As a 23 year old f who lives at home desperate to save and move out into her own place.
Thank you for this vid. My parents are very irresponsible with their money- sigh I def took notes
This is wonderful, and you should feel very proud. But also i'm sure you're grateful that you never got that large extortionate medical bill or lost your income or any other expense/income issue that prevented you from achieving your goal. So many people face huge uphill battles to achieve such goals through no fault of their own.
I enjoyed your story. My husband and I did this a long time ago. I think it is an important message and I hope it resonates with many young people. I think this concept is what our country needs to hear and follow.
Good for you and your family! Such an inspiration!!!! I love your style by the way.
Thank you so much Julio!
When you said that we would be shocked by your home’s before pics, I murmured awww you are just exaggerating. Then you showed the pic! You are talented lady and blessed.
Thanks so much!
This is so good! You’ve done it right! My husband & I are 31 & we have a foreclosure & bankruptcy in our past. This is so encouraging 😄
Congrats to you! I'm 60 years old and know I did some things right financially in my life but not feeling it right now!! That is a sad commentary at my age. Hanging onto your marriage is a secret to being financially solvent. Somehow I feel more hopeful since listening to you. This vlog is a great gift to others because it reflects a lost mission in society.
Love this! So inspiring 👏🏼We’re on our debt free journey, but with such restraint and mindset we could meet our goals way quicker.
Thank you so much for this. My husband and I have a plan to pay off our current home before we would consider purchasing our family home down the road. I was feeling grumbly tonight about this very colorful (avocado green ;) bathroom of ours I want to renovate and this video reminded me of the diligence and patience I want to have as a wife. We have done plenty to this house in the 2 years we've been here and I think it was a good reminder for me that its time to buckle down and keep it simple. Thank you for the reminder in patience. :)
Great job! Happy for you and your family! You are a wonderful example to follow! My father in law lived by those same principles...built his house paycheck by paycheck and saved money to pay cash for his vehicles. Never took out a mortgage, car loan or credit card. Lived a simple but happy life! 🏚👍🏼😍 New subscriber...loving your channel! ❤️
I just found you wonderful woman. This is phenomenal and such vital information that could NOT be more relevant! Thank you!
I am so inspired by this video! I am in my early 40’s already and my husband and I just bought our 3rd home a bit over a year ago. After a few months I realized we do not need so much space, the kids are grown up, have moved out and I want to downsize to do just this! I see us in a small rancher, no more than 2 bedrooms and priced low enough to pay off in a span of 5 years. I even had a tax plan idea! Except it took me 40 years to figure it out. I believe we still may have a chance. I think you’re planning a great future for your family. Thank you for sharing your story.
This video was so encouraging! My husband and I just bought our first house and we are in the process of paying that off. It's not often that you find other young couples who are passionate about staying out of debt!
Would you consider making a video on your monthly grocery budget and how you save money eating mostly organic, healthy food?
Hey Susi! We aren't really budgeters. I just try to spend as little as possible, but I don't keep a close eye on it. I did a video recently on what we actually eat, if that helps: th-cam.com/video/b_2JIAAFG7E/w-d-xo.html
I did not know all this about you but the minute i saw you i subscribed because first of all i love farm and the farm look in decor. I saw your kids on the intro and how you were designing and taking care of everything i had to watch you have not disappointed me yet. i think this is so smart i myself have decided to go without credit and use all cash about 1yr and half now and you are correct it is a freedom you do wait to purchase things you shop smarter and when you get something you own it i am able to save and i also eat the vegetarian life style my husband also. i am so glad you spoke on this i hope more young ladies will listen and become debt free it is wonderful thank you so much Lisa oh and i plan to pay my house off like you did in a matter of months i also purchased a home that needed work and i am doing every room i do have more for my business I can really relate to you again thank you and I will see you in the next video. Yvonne
Thank you SO much for following along, Yvonne, and for your sweet comment. Sounds like you all are moving in the right direction!!
Thank you for sharing your story! This is so inspiring and helps me to want to stay on track for a debt free lifestyle.
I think you and your husband did GREAT! I really enjoy watching your videos but this one is the most motivating! Sometimes longing for debt freedom feels lonely...like the whole world except for Dave ramsey says a 30yr loan is fine and my heart just races so fast whenever I think of a 30yr loan. We are looking to buy a new to us house and I want to look for something as cheap as livable allows for my geographical area. I don't know if 5yrs is doable but I just want to do the best I can to get out of debt fast.
Love your story...it mirrors ours. Any extra money we got, we put it on the principal.
We loved getting the monthly statement from our bank, seeing how much less was going to interest.
The day I brought in the final payment, I hugged every employee...I was SO overjoyed.
I watch this video at least once a month! I love this so much.
I love your channel and it's encouraging. We set out to be debt free 7 years ago...short story. We currently have 1 car payment that will be paid off this year we are so excited. But yes we are very careful to not get debt. I grew up in a debt free home and saw the advantages of that and my husband did not. So being debt free will be something you can pass to your kids that will teach them more than you realize.
I shared this video with my son and my niece. ,you have wonderful advice.
This is so inspiring. It’s near on impossible to get a house for less than £100k in the UK so paying off a mortgage is harder but your video great food for thought x
Wow, you're a very wise woman, thank you for sharing!
Wow, great for you, I envy you a lot!! Here and now, a 4-5 room house to put up to date but no major renovation with a bit of land starts at 300K. That's about what you make in 8 years. We'll get there, slowly...
My husband and I are both 27 and we are so happy that we are mortgage free and car loan free for 2yrs now. With a fam of 5 that does help out tremendously! I know this vid is 2yrs old but still very inspirational, even in my shoes.
It is the most freeing way to live!
Mayte Martinez That’s impressive for having 3 kids and being young! How’d you do it?
I am very proud of you and I am so happy you are able to be home with your children😊Thank you for sharing.
Hi Lisa, I am a fan!!
Admired your strength, I came from a poor country and I work hard to have what I have. Your teaching is very inspiring.
God bless.
Thank you so much!
I just found this site and am glad I did. So awesome to see a young healthy, happy and smart family. Great job!
Thanks!
What a great way to live! Not many young people today that have grasped what you have. Good job!
Thank you Gwen!
Congratulations on owning! I'm going to try to do better for my family. You motivate me! 😃
Thank you so much!
Congrats! Super smart thing you have done, happy your sharing so other youngsters could possibly do the same thing....you never know what may happen to your livelihood...so Congrats again for doing the smart thing...🌺
Thank for this post! We paid off everything except for our mortgage 10 years ago (30k in 2.5 years). Because we were mostly debt from we we're about to cash flow our adoption and I worked part time only for several years. I recently realized that in order to meet our goal of living completely debt free I needed a better income so I am now in nursing school. This next year will be a tough one mentally and financially but I think that like becoming debt free, it will be worth it in the end!
Very well done. I started to learn how to be financially free and now teaching many more... Thanks for your story
I came upon your blog, great content. Thank you for sharing. It's important to have a debt free life.
thumbs up for you . your discipline is a encouragement for those who do not even live on limited income. My husband and I have the same way of doing things. we only buy when we have the money to buy. now our kids are grown up. we live debt free and can help others who are in need to but are financially challenged. it is a real blessing and true freedom.
Congratulations.
Perfect example of not living above your means.
We have also always bought fixer uppers and did most of the work ourselves.
We sold a few times and became debt free.
Currently we are trying to pay a mortgage on a second house off in five years.
We stuck to only 2 children, are driving used cars and renovating second house while
Renting out the first. I am currently a stay at home mom as well.
I will probably get a job again once kids are older to help save for retirement.
Keep up the good work. I only discovered you now, so I must still check out all previous blogs.
Love it! Thanks for sharing!!! So proud of you guys! Way to live!!! Nothing feels as great as to be debt free 😁👍🏻
Love your videos- just found your page! My husband and I just built our 1st house and it is on the larger side. With that comes alot of debt. Often, as much as it's our dream home, I wish we would have done something more simple and smaller and not be in debt! I think what you've done is so smart! Well done!
Awesome!!! Love your story and appreciate your willingness to share with everyone. Debt is not always good! It takes effort, determination and planning to achieve these milestones!
Thank you!
Super inspired by your channel and this video. My husband is 23 and I’m 22 and we’re working towards this now after making some mistakes financially. Hopefully we can continue to live debt free for the rest of our lives.
You are still so young! You have plenty of time to turn this around if you're committed to it and on the same page. :)
This is such an important goal of ours! Thank you for the inspiration and the motivation ❤️
Thanks for being a good example to young people. I get so frustrated seeing new couples wanting on day one all new things and the amount of things it took their parents/grandparents 30-40 years to be able to afford and possess. I remember icky used couches and being grateful for them. I also get angry with people criticizing larger than average families like yours who are doing everything right and are not a burden to society if anything you are doing the very thing families are supposed to, Grow. Wish you well thanks for the video- good info.
Thank you so much!
How wonderful! I am so happy for you and your family. I wish that my husband and I would have done this, when we were just starting out 27 yrs ago! 💓😊
Wow I am so amazed how you and your husband can work together to do things. YOU are an beautiful wife and mother for your kids. Love your videos so much 😘
I love it!! This is how I was raised. So proud of you and your husband!!
This is awesome!! I did the single mom thing for 5 yrs + ... that was incredibly hard. Newly married and trying to hit a debt free goal (we are almost 40) with student loan and massive medical bill debt. Not even close to the end of our tunnel but this is encouraging!
Wow...Lisa, you both were very 'determined' and dissaplined! I am impressed. Thanks for sharing. Sherry :)
Thank you for sharing your debt free story. I'm single, daughter in college (almost done). I retire from my current job in 2019. I'll be relocating to Texas, purchasing my home. I have plans to live off my next income, save my pension, pay off whatever debt I have. I'm grateful it isn't much. I'm glad you made a point about not purchasing a bigger house, even though you have a few children. Everything you said made since, now you have me thinking even more for the future.
So glad this inspired you! :)
So encouraged by you! We are 7 mo married and renting. This helps me be more content with our cheap little rental.