I have been watching my pennies all year and have a plan to pay off my mortgage by the end of 2014. “Why on earth would you do something so crazy?”, many people ask. Well, I really don’t like debt and it sends chills up my spine just thinking about having a mortgage and business debt as well. I would much rather get rid of my large debt before I take on another one, even though it is technically for investment purposes.
My Plan for 2014 and Beyond
The plan is pretty basic to start out. I want to figure out how cheaply I can live in order to get rid of my mortgage debt by the end of December. All the while, I will be looking at investment properties for the 2015 season.
My friend Mike just shakes his head at my crazy ideas and doesn’t understand why anyone
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Purchasing a home can be an exciting process, but it is important to avoid making rushed decisions. Instead, keep these do’s and don’ts in mind when shopping for a home and mortgage to make your purchase go a lot more smoothly and to plan.
Do Learn About Different Types of Mortgages
There are a lot of different types of mortgages out there, so you shouldn’t just settle for the first thing that your lender offers you. Instead, learn more about variable rate, fixed, split and other types of mortgages and the advantages and disadvantages of each. Being properly informed and taking your time in making your decision will help you choose the right mortgage for your purchase.
Don’t Just Talk to One Bank
If you have a personal relationship with a certain bank or have just gotten approved for a mortgage, you might be tempted to sign up for a
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What if you could invest in real estate and earn an additional $1,000 a month without investing any additional money? That’s right, what I am about to teach you is how to take absolutely no extra money out of your bank account to purchase a multiplex and earn cash flow that you never had before. This isn’t a hoax, but it isn’t all that simple either. Plus, you will definitely have to change your lifestyle.
How to Buy That Multiplex
I have been thinking about this for some time now, but have not yet pulled the trigger on it. I am not a big fan of debt (that is the understatement of the century by the way – I despise debt), so I have been aggressively paying down my mortgage loan on my house. Since I knew that I wanted to get rid of my debt as soon as possible,
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The following post is by Melissa at Mom’s Plans.
Many, many Americans have debt including credit card debt, car loans, students loans and mortgages just to name a few. In fact, according to a recent article on pbs.com, in 2008, only 33% of college students managed to avoid student loan debt, and the graduating class of 2011 will leave college with an estimated $22,900 average in student loan debt.
In the United States, debt is a way of life. Many people consider debt necessary to achieve the American dream. Being without debt is so rare that Dave Ramsey calls the debt-free lifestyle “weird”, and encourages all of his listeners to be weird like him. I myself am not weird yet, as I still have a substantial amount of debt, but I have stopped accruing new debt, and I am aggressively paying down my debts.
While it is true that if
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