10 Years From Now

Last month I shared with you how most people ‘take advantage’ of low interest rates by refinancing their mortgage but never really gaining ground on paying off their home.  If you recall, most people keep their 30 year mortgage for only 5 years before refinancing again to yet another 30 year loan.  I also shared my personal loan information and how by making my old / higher payment, I would pay my home off in 10 years rather than 30.  If you need to read this you can find it on my blog at www.debtmanschest.blogspot.com

Let’s pretend for just a second that you live on less than you earn, stop borrowing money, and you off your house in 10 years.  It can be done.

·         What would your life look like without a mortgage payment?  Could you visit your college aged children whenever you wanted no matter where they are?  Would you be able to help them graduate from college without any student loans?   Imagine the great graduation gifts you could give.

·         Would you keep your job?  If you like your job then sure but imagine the stress of downsizing melting away because you have no financial obligations.  Would you quit your job and do something fun just because you can?  Perhaps you could go back to school and get the degree you never achieved or the certification you always wanted.  There sure are a lot of options when you don’t have a mortgage.

·         Where would you go on vacation?  Better yet, where wouldn’t you go on vacation.  I always dream of my sons playing soccer in college.  My dream is to go to every game no matter where or when.  How cool would that be.  I am also a fan of the Pittsburgh Steelers.  I have never been to Heinz Field but as soon as I can I will be a season ticket holder and fly back for games, just because I can.  What would you do?

·         Who would you give your money to?  Your church?  An orphanage?  Imagine all of the wonderful charities right here in our own fantastic city that are doing amazing things for people in our community that you could support. 

Most people don’t believe that paying off your home is possible.  I am here to tell you that I teach people just like you and me how to do this.  Not with made up numbers and inflated projections but with your income and your budget.  Its called Dave Ramsey’s Financial Peace University.  I have been teaching it now for over 2 ½ years and have helped hundreds of people to get their lives back and start dreaming again.  Hope is a four letter word for so many in this economy but it doesn’t have to be.  As for me and my family we refuse to participate in this recession.  You should join us.  For more information on FPU please email me at Alex@ChinoHillsMortgageMan.com