Finally someone with a larger mortgage. Everyone I see paying off their mortgage in the finance space all bought houses pre-covid for less than $400k. Paying off $100-200k is very different from paying off $400-700k mortgages. So im happy to finally see someone relatable
I too live in Canada in Thunder Bay Ontario. I retired at 65 with $100,000.00 left on my mortgage. I decided I didn’t want this stone hanging around my neck. I live alone so I used my 3 pensions to pay it off in 3 years. It worked out that I paid $33,000.00 per year. I lived on much less. I became frugal in every single item in the cost list. Frugal with water, electricity, heat, cellphone plans, food, vehicle usage. I no longer ate out except once per year for my birthday. I canceled everything except internet. Used TH-cam, Tubi and other free sources for entertainment. So happy it’s all done. I can be done but you must be determined.
Check out our free Mortgage Payoff Calculator here: marriagekidsandmoney.com/calculators/mortgage-payoff/
I like that he admitted that paying off his mortgage was not a rational decision, but an emotional one.
Finally someone with a larger mortgage. Everyone I see paying off their mortgage in the finance space all bought houses pre-covid for less than $400k. Paying off $100-200k is very different from paying off $400-700k mortgages. So im happy to finally see someone relatable
Congrats to Andrew and his family. Great video, thank you for sharing.
Absolutely! Thank you for watching and supporting the channel!
I too live in Canada in Thunder Bay Ontario. I retired at 65 with $100,000.00 left on my mortgage. I decided I didn’t want this stone hanging around my neck. I live alone so I used my
3 pensions to pay it
off in 3 years. It worked out that I paid $33,000.00 per year. I lived on much less. I became frugal in every single item in the cost list. Frugal with water, electricity, heat, cellphone plans, food, vehicle usage. I no longer ate out except once per year for my birthday. I canceled everything except internet. Used TH-cam, Tubi and other free sources for entertainment. So happy it’s all done. I can be done but you must be determined.
I love your determination! Making 1% improvements over time pays in the long run.