Paid off the house today!!!

Topic by The Black Scorpion

The Black Scorpion

Home Forums Money Paid off the house today!!!

This topic contains 14 replies, has 13 voices, and was last updated by Grumpy  Grumpy 2 weeks, 2 days ago.

Viewing 15 posts - 1 through 15 (of 15 total)
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  • #934919
    +9
    The Black Scorpion
    The Black Scorpion
    Participant
    2997

    Actually, it was yesterday. Walked into the bank and paid my mortgage off in full.

    Owning my own home free and clear may not be a big deal to some of you guys but it has become one of the greatest accomplishments of my life so far.

    You see, I come from white trash. My so called parents rented their entire life and struggled to survive from month to month. We didn’t even have a vehicle growing up having to depend on public transit, taxis and rides from others to get anywhere. But don’t feel sorry for my parents. They had all kinds of money for smokes, booze, gambling and after my father died early, my mother spent a lot of money chasing Chads(yes AWALT, even your mother). Like I said – white trash.

    My house is very humble and most of you guys would laugh if you seen it. It was built in 1948 and is less than 1000 sq.ft. But it’s on a huge lot in my city and back in those days builders used quality materials and had pride in their work. I dare say my house will outlast some of the shoddy built homes of today. Yes, less than 1000 sp.ft. but more than enough for my needs.

    I bought my house just under 20 years ago before the housing markets went crazy every where so I didn’t have to pay too too much.

    Having my mortgage paid off feels as if a MASSIVE weight has been taken off my shoulders. Not only does it feel great financially, but in a weird way it feels great spiritually too.

    So now being a ‘free’ man what am I going to do with the money I put toward my mortgage? I’m going to break that former money ear marked for my mortgage into thirds and use it this way:

    1-Future investments.

    I work hard for my money, I finally want my money to work for me. My job has a retirement stock deal that if you buy 3 shares, the company will give you one share for free. That’s an automatic, guarenteed 33% ROI without even doing anything. I’m allowed to contribute up to 5% of my gross income annually to this plan, which just happens to be approximately 1/3 of my former mortgage payment. Can you say ‘no brainer’?

    2-Repars and upkeep.

    It’s inevitable that if you own a home of any kind repairs and upkeep are a given. In fact in the coming decades they will run into the hundreds of thousands. That’s just the way it is. But at least it is owned free and clear and it is an ASSET that will only grow in value our time.

    When it comes to repairs, I’m only doing the bare necessities and only on a priority, pay as you go basis. NO DEBT for any reno, ever.

    I’m the most mechanically declined guy you’ve ever met in your life – I don’t know how to fix anything, repair anything or renovate anything and I’m not interested in learning. I’d rather pay a competent professional to do the work.

    I know guys who spend all most all of their free time and money fixing this, repair that, renovating this, etc. Not me.

    I OWN MY HOUSE BUT MY HOUSE WILL NEVER OWN ME.

    I don’t want the nicest house on the block anyway. I’d rather be the grey man, keep a low profile and let the criminals and crackheads lock for more attractive targets.

    3-FUN!!!

    What’s the point of being the richest person in the graveyard?

    It’s time to treat myself for years of discipline and saving. But it will all be done in moderation and ON BUDGET.

    I’m interested in having wonderful experiences – not things. Things come and go, but wonderful experiences and memories last forever.

    I plan on enjoying myself with high end escorts, expensive restaurants, martial arts seminairs, concerts, etc, etc.

    Let me tell you guys – I’ve been MGTOW my entire and there is simply NO WAY I could of owned my own home if I were married or had a girlfriend. Women and children and relationships in general are a black hole for your time, effort, energy and money – and you get nothing for them except problems, problems and more problems.

    -Work hard – live lean.
    -Be the grey man.
    -Tell’em nothing , give’em nothing.
    -Buy used instead of new.
    -If you must buy new, then but only top quality and when it’s on sale.
    -Pay yourself first.
    -If you fail to plan you are planning to fail.

    I have made some horrible, horrible financial and career decsions in my life. If I could go back in a time machine some 10, 20 or 30 years ago you’d better believe I would.

    But paying off my home is one of the best things I’ve ever done.

    I wish you guys success in your financial endeavors. GYOW will truely help you achieve them faster as it has for me.

    Thanks for reading.

    The greatest tragedy in life is to spend your whole life fishing only to discover that it was not fish you were after. - Henry David Thoreau

    #934920
    +6
    Monk
    Monk
    Participant
    20567

    Well done. Good decision.

    I own my own house too – by American standards, it’s little more than a cupboard, but’s it’s mine and I owe no-one. It’s a great feeling.

    Investments – diversify. Stocks are fine up to a point, but see what fund managers do – always keep some in gold.

    I do the necessary maintenance, but that’s it – no more. A house is a tool for living. Only wimmin and manginas pore over catalogues looking for the ‘perfect’ house (that is to say, image).

    Definitely keep Ghosting. Now that you have an asset to steal, you will become a target.

    #934927
    +4
    Handsome Vic
    Handsome Vic
    Participant
    2072

    Congratulations Black Scorpion on this accomplishment, and the freedom that comes with it! I too live in a humble home, but it feels like a palace to me. A man’s home is his castle…

    I'm going my own way. Maybe I'll see you there.

    #934930
    +2
    743 roadmaster
    743 roadmaster
    Participant

    Congratulations! Love your style

    “-Work hard – live lean.
    -Be the grey man.
    -Tell’em nothing , give’em nothing.
    -Buy used instead of new.
    -If you must buy new, then but only top quality and when it’s on sale.
    -Pay yourself first.
    -If you fail to plan you are planning to fail.”

    Brilliant, simply brilliant

    mgtow is its own worst enemy- https://www.campusreform.org/

    #934931
    +5
    The Black Scorpion
    The Black Scorpion
    Participant
    2997

    ^Thank you.

    But I forgot an important one:

    -Hide your wealth.

    The greatest tragedy in life is to spend your whole life fishing only to discover that it was not fish you were after. - Henry David Thoreau

    #934932
    +5
    FrankOne
    FrankOne
    Participant
    1975

    Great advice, and congratulations on this milestone.

    That is great you have a PLAN and are executing it.

    #934933
    +3
    ResidentEvil7
    ResidentEvil7
    Participant
    12117

    Great job paying off the house. Now you’ll have more play money for yourself now that your worst bill is over with.

    Trump Republican For Life - Make America Great Again

    #934936
    +4
    Ranger One
    Ranger One
    Participant
    18219

    I envy you for paying off the house!

    I paid off my truck late spring this year, over a year earlier than scheduled. I still have some student loans — my dream is getting the house paid off early, too.

    All my life I've had doubts about who I am, where I belonged. Now I'm like the arrow that springs from the bow. No hesitation, no doubts. The path is clear. And what are you? Alive. Everything else is negotiable. Women have rights; men have responsibilities; MGTOW have freedom. Marriage is for chumps. If someone stands in the way of true justice, you simply walk up behind them and stab them in the heart-R'as al Ghul.

    #934937
    +4
    EG
    EG
    Participant
    3274

    Owning my own home free and clear may not be a big deal to some of you guys but it has become one of the greatest accomplishments of my life so far.

    This is huge!! Congratulations! You’ll feel like you have a lot more money laying around.

    Debt-freedom is so highly underrated as a way to live life on your own terms. I paid off a mountain of credit card bills just in time for the covid mess to start back in March, large balances I’d been chopping away at for years. When the covid lockdowns started I took all my savings and stomped out the credit card bills completely on a whim. Something just told me to do it. Boy am I glad I did! Had I not done that I have no idea what shape I’d be in financially at this point. With my job now gone and no more stimulus coming, it’s so nice to know that every penny that does come in is mine to spend instead of being earmarked for bills. My experience this year could have been a lot worse.

    Let every dollar of these woke companies’ marketing budgets be lost on you as MGTOW

    #934940
    +4
    Hermit
    Hermit
    Participant

    Owning my own home free and clear may not be a big deal to some of you guys but it has become one of the greatest accomplishments of my life so far.

    Owning your own home and not having that damn monthly payment is a huge deal. I hope I live long enough to accomplish this. I’m not even half way there yet. My house isn’t much bigger than yours, but how much room does one man need? If it wasn’t for my huge drum set, I could do without one whole room.

    Congratulations on being debt free.

    The evil in women’s hearts leaves them no moral bounds as to inhibit them from descending to the lowest levels of darkness to acquire their self entitled desires.

    #934970
    +3
    Swimcat
    Swimcat
    Participant
    4489

    Congrats BS. I have my house paid off as well. I bought it in 1991. When my wife died in 2015 there wasn’t a lot left on the mortgage. The life insurance was more than enough to pay it off. Invest the money. Jump on that deal from your company and start a Roth IRA. Invest in the market. It will go up when Covid is over. Put plenty in banks as well so you’ve got money you can get at quickly. Above all don’t blow it on women.

    #934979
    +4
    Monk
    Monk
    Participant
    20567

    When the covid lockdowns started I took all my savings and stomped out the credit card bills completely on a whim. Something just told me to do it.

    There’s a saying in India: ‘Two things should be tackled immediately – fire and debt’.

    #934990
    +4
    Changed Display Name
    Changed Display Name
    Participant
    960

    Congratulations. Great minds think alike. Debt-free living is the golden ticket to financial success.

    #938902
    +2
    2icebitten
    2icebitten
    Participant
    160

    Congratulations on the biggest thing in life, owning your own home! An accomplishment not many ever achieve.
    1. Next biggest step should be a savings goal of 3 to 6 months of your income. This should be in your bank or credit union for instant access if you need it. Money market interest rate is better than traditional savings rate. My bank has a 2,500.00 minimum for this type of account. The goal is not to make money with this account, but fast and ready access should SHTF, This is a cushion against disaster. the luck of Murphy only shows up on the doorstep of those unprepared.
    2. Be and live your life as debit free as possible. Do not run debit on credit cards or auto loans if you can help it. Deal in CASH, not credit.
    3. Start investing. Experts say that you should save at least 10% of your income, a 401K or 457 is a good start. If your employer offers a tax differed account, dollar matching with your employer, to the maximum extent possible go all in. Make sure your assets are diversified.
    4. Do not put all your Huevos in one basket. DIVERSIFY your investments. If your savings goal is 10%, consider a 1 % investment into precious metals, 1% in bitcoin, at least 1% cash reserves and look seriously at other forms of investment. Rentals or the stock market is a good place to educate yourself.
    Hope this helps.
    I have been completely debit free since 2016. It is the best feeling in the world. The beauty of being debit free? You get to keep what you earn.

    My mission in life is not merely to survive, but to thrive; and to do so with some passion, some compassion, some humor, and some style. - Maya Angelou

    #938907
    Grumpy
    Grumpy
    Participant

    Grats.
    Don’t tell the family though.
    Funny things happen when they think you may have loose money available. Like them paying you visits and asking for free money or loans that will never be paid back.

    There was a time in my life when I gave a fuck. Now you have to pay ME for it

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