Love to see this! We are on a mortgage payoff journey too. We are mid-30s with kids though. It definitely gets tougher with kids as your expenses increase exponentially. I think it’s great that you’re putting a lot towards it now. Would love to hear more updates about this!
May I suggest if you are looking at turning your current home into an investment keeping any extra repayments into an offset account rather than directly into the loan. That way when you go to buy your next PPOR accounting of the investment loan will be easier. You can also directly access any money in any money that is in a offset. The bank doesn’t have to let you redraw money paid into the loan
Yes it’s painful to actually krunch the numbers and see how screwed you are on your mortgage ! We paid off ours with funds from our last sale ( we held the money in a high yield account for 3 years ) before we bit the bullet and paid it off in full … your doing great 👍 keep it up !glenda. Thank gosh for buy low sell high in crazy crazy California !
Watching your updates of your financial goals really motivates me to plan. For us we have 3 options /scenarios in sight that we could do so I'm finding it difficult to know exactly what we are working towards. Ultimately the number 1 goal is to get myself through my chartered accountancy qualification as all options is reliant on this. We are living in Scotland and we are in social housing. We are mid 30s and are keen to be on the property ladder but in this climate we are realising that it may not be worth it as house prices and mortgage rates are through the roof. We wrote down pros and cons of Staying in our home for the foreseeable Buying a property that we can afford Or emigrating to Australia to join my husbands brother It's so difficult when we just don't know what's right so I've put a plan to save/invest £50000 in the next 5 to 6 years this way by year 3 we will probably know which direction we are going to go. We also have a bit of debt to pay off so that's a priority.
Im about to buy my first home and Im getting so confused by the off-set account I would love for you to do a video explain how you actually use it and make it work
we basically try and keep as much money in there as possible because interest is calculated daily! it basically just works like any other account but offsets interest charged on your home loan x
Great vid! I’m in the same boat, but solo 😳 The interest situation is devvvvestating. I just feel like I’m going to be treading water for the next few years. Do u think there’s much difference in trying to add extra repayments weekly/ fortnightly or lump sums or is it better to put extra cash in offset? Don’t really know what’s better? My top financial goals are to pay off mortgage in 15 years not 30 & salary sacrifice to pump up my super! Thanks for your vid!
Have you found a calculator to compare putting extra money towards retirement versus towards the house or splitting it to both? Do you or your husband max out retirement contributions?
If you're wealthy, debt is called "leverage" because you're leveraging other people's money in order to do something like start a business, get an education, or buy property etc. But if you're not wealthy, it's called debt. So I say all us "peons" should just start calling it leverage lol. Congrats on the car payoff!
Please don’t apologize for how you paid off your debts. It’s silly. PEOPLE MAKE CHOICES, GOOD OR BAD, if your choices allowed you pay debt, rent while paying a mortgage e.t.c it’s because you made choices that made those OPTIONS available to you. So, please don’t do that. Peoples who made bad financial decisions pay those sooner or later. Just like making good financial decisions will also show. Again, PEOPLE MAKE DECISIONS ON THEIR OWN, GOOD OR BAD. And congratulations on your car payoff! And this is coming from my own stupid decisions that I am now correcting.
Sorry but hate to see you lose all the crema from your coffee by pouring it. If you made the coffee into your final receptacle you could enjoy all the crema yumminess and save dishwashing a cup!
@@MkItMkCENTS I was about to say this! I have family in a rural part of the US and when their home sold super fast but their new house wasn't ready yet, they were scrambling to figure something out because there are soooo few rental properties in that area. As someone who currently rents an apartment and has previously rented a home, I have been thankful to my landlords for renting their properties. The key is basically to just not price-gouge and to remain human. Also, renting out as a personal landlord rather than using a predatory management company makes a big difference, though I know it's much more work on the homeowner's end.
Yeah, what’s to say that Ella wouldn’t be an ethical landlord? She doesn’t seem like someone who would let someone live in squalor whilst making gains off her investment.
What is a more "ethical" way? Investing money in S&P 500 or similar corporations is that more ethical? Companies that violate human rights and conduct corrupt acts, for example... Look into where your pension funds are invested...
love these kind of videos! some debt is so different where i live while others are pretty similar so it’s nice to compare. i’m thankfully debt free but struggling a little on the saving money front so my goal right now is building up an emergency fund + saving for a possible 2026 disney trip 🥹
Love to see this! We are on a mortgage payoff journey too. We are mid-30s with kids though. It definitely gets tougher with kids as your expenses increase exponentially. I think it’s great that you’re putting a lot towards it now. Would love to hear more updates about this!
oh I can only imagine! i'm so hyper aware of that so want to go that extra mile while we can ☺️
This demonstrates just how personal personal finance is! Excited to see you invest too and get the clock on compound interest ticking
exactly right! super personal ☺️
Love this. I feel like I always find accounts who are at the end of the mortgage pay off and I can’t relate. But this I can relate to!
🫶🏼🥰
May I suggest if you are looking at turning your current home into an investment keeping any extra repayments into an offset account rather than directly into the loan. That way when you go to buy your next PPOR accounting of the investment loan will be easier. You can also directly access any money in any money that is in a offset. The bank doesn’t have to let you redraw money paid into the loan
(Speaking from experience with the investment part)
thank you! definitely something I'm keeping in mind
Wow... Clicked for the financial content. Subscribing, for that smooth insert of Dudley's line.
hahaha thank u
I love this! Please continue sharing your journey. We are wanting to do this as well 😊
Thank you! Will do! 🥰
Yay! So excited about another upload. I’m watching this with dinner.
Thanks for the awesome content. Have a fabulous night x😊
you too lovely!! thank you 🥰
Another fabulous video! And thank you for talking about HECS 😊 I requested it in one of your recent videos hehe
Yes it’s painful to actually krunch the numbers and see how screwed you are on your mortgage ! We paid off ours with funds from our last sale ( we held the money in a high yield account for 3 years ) before we bit the bullet and paid it off in full … your doing great 👍 keep it up !glenda. Thank gosh for buy low sell high in crazy crazy California !
Watching your updates of your financial goals really motivates me to plan.
For us we have 3 options /scenarios in sight that we could do so I'm finding it difficult to know exactly what we are working towards.
Ultimately the number 1 goal is to get myself through my chartered accountancy qualification as all options is reliant on this.
We are living in Scotland and we are in social housing. We are mid 30s and are keen to be on the property ladder but in this climate we are realising that it may not be worth it as house prices and mortgage rates are through the roof.
We wrote down pros and cons of
Staying in our home for the foreseeable
Buying a property that we can afford
Or emigrating to Australia to join my husbands brother
It's so difficult when we just don't know what's right so I've put a plan to save/invest £50000 in the next 5 to 6 years this way by year 3 we will probably know which direction we are going to go.
We also have a bit of debt to pay off so that's a priority.
Loved this video! Very motivating. Also interested in your business finances and how you pay yourself! I find paying myself extremely difficult.
Bahaha that Dudley impression was spot on 😂
HAHA thank you, thank you 😇
Love the intro!!
Notification squad, where u at? Here from TH-cam notifications! Already liked the vid EVEN b4 watching as I know I will ❤️ it!
Im about to buy my first home and Im getting so confused by the off-set account I would love for you to do a video explain how you actually use it and make it work
we basically try and keep as much money in there as possible because interest is calculated daily! it basically just works like any other account but offsets interest charged on your home loan x
Great vid! I’m in the same boat, but solo 😳 The interest situation is devvvvestating. I just feel like I’m going to be treading water for the next few years. Do u think there’s much difference in trying to add extra repayments weekly/ fortnightly or lump sums or is it better to put extra cash in offset? Don’t really know what’s better?
My top financial goals are to pay off mortgage in 15 years not 30 & salary sacrifice to pump up my super! Thanks for your vid!
Hi Ella, just wondering if you do any online surveys for money? I know they don't pay much but something seems better than nothing. Loved the video!!
thanks lovely! yes, I do! I have some sign up links in the description box- Octopus Group & Attapoll are really the only two i've used x
Dying at the $12k of our loan we’ve paid down with ~$84k of repayments 😭😭
omg no 😭🥲
Hey Ella, do you have a video you recommend that compares offset vs redraw? 😊
Love your videos so much i love anything money and saving! ❤️❤️
Where did you get your planner from?
Morning from Hawaii that was a good video on debt free journey did good
Have you found a calculator to compare putting extra money towards retirement versus towards the house or splitting it to both? Do you or your husband max out retirement contributions?
yes we have! we both have our super funds that we contribute more than the average towards and we feel comfortable with that amount right now ☺️
Hi Ella how are you happy Tuesday night to you and I enjoy your channel and you are amazing supporter
My absolutely uneducated European opinion on that mortgage interest is that this should be illegal. Oh my god. How is this possible
haha it is wild
If you're wealthy, debt is called "leverage" because you're leveraging other people's money in order to do something like start a business, get an education, or buy property etc. But if you're not wealthy, it's called debt. So I say all us "peons" should just start calling it leverage lol. Congrats on the car payoff!
oooh this is a great insight!! leverage sounds much nicer than debt 😅
What is the app/website you use for the debt tracker??
it's called Wemoney!
Please don’t apologize for how you paid off your debts. It’s silly. PEOPLE MAKE CHOICES, GOOD OR BAD, if your choices allowed you pay debt, rent while paying a mortgage e.t.c it’s because you made choices that made those OPTIONS available to you. So, please don’t do that. Peoples who made bad financial decisions pay those sooner or later. Just like making good financial decisions will also show. Again, PEOPLE MAKE DECISIONS ON THEIR OWN, GOOD OR BAD. And congratulations on your car payoff! And this is coming from my own stupid decisions that I am now correcting.
It’s great how you just went into this vlog without phaphing around Ella
hahaha i'm a faffer through n through
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❤❤
💖💖💖
🥰🫶🏼
🌷🌷😚
Sorry but hate to see you lose all the crema from your coffee by pouring it. If you made the coffee into your final receptacle you could enjoy all the crema yumminess and save dishwashing a cup!
Love your videos so much but please don’t become landlords! There are more ethical ways to invest
this is really what's holding us back tbh!
What options are there for those of us who don’t desire to own a home?
@@MkItMkCENTS I was about to say this! I have family in a rural part of the US and when their home sold super fast but their new house wasn't ready yet, they were scrambling to figure something out because there are soooo few rental properties in that area. As someone who currently rents an apartment and has previously rented a home, I have been thankful to my landlords for renting their properties. The key is basically to just not price-gouge and to remain human. Also, renting out as a personal landlord rather than using a predatory management company makes a big difference, though I know it's much more work on the homeowner's end.
Yeah, what’s to say that Ella wouldn’t be an ethical landlord? She doesn’t seem like someone who would let someone live in squalor whilst making gains off her investment.
What is a more "ethical" way? Investing money in S&P 500 or similar corporations is that more ethical? Companies that violate human rights and conduct corrupt acts, for example... Look into where your pension funds are invested...
love these kind of videos! some debt is so different where i live while others are pretty similar so it’s nice to compare. i’m thankfully debt free but struggling a little on the saving money front so my goal right now is building up an emergency fund + saving for a possible 2026 disney trip 🥹
oooh Disney would be magical 😍 good luck with your goals 🫶🏼