I talk about my strategies for paying off my home in 8 years. There's no magic in this but watch as I explain some of the strategies we took to pay off our $194,000 Home.

#1 Refinance And Get The Proper Loan (Conventional)
See my video on why FHA doesn't make sense anymore:    • ARE FHA HOME LOANS GOOD? IF YOU HAVE ...  

#2 Pay Extra Principal
Calculator: https://www.daveramsey.com/mortgagep...

#3 Pay Extra Payments BiWeekly Payments
BiWeekly Calculator
https://www.nerdwallet.com/blog/mortg...
https://www.mortgagecalculator.org/he...

#4 Making A Decent Wage and Not Having Lifestyle Inflation
#4.1 Making a decent wage. Buy less house even if you can "afford" more
#4.2 No Lifestyle Inflation. Live on way less than you earn.
#4.3 Rely and live on 1 income
#4.4 Save bonuses & Commissions. Don't celebrate or spend it!
#4.5 Keep Your Earnings & Savings A Secret
#4.4 Passive Investment Income

#5 Habits That Save Money
#5.1 Become Handy & DIY Repairs
#5.2 Buying Gently Used Cars That Last Long For Your Life
#5.3 Discount Shopping Buy regular priced clothing!
#5.4 Reduce/Eliminate Subscription Services
#5.5 Minimize Your Monthly Bills!
#5.6 Take Cheap Vacations
#5.7 Ignore "Special" Holidays & Gift Buying
#5.8 Optimize Your Cashback

#6 Invest Or Pay Off? Once we had enough, we just paid it off!

See some of my other videos!
Save Money On Car Insurance:    • GET CHEAPER CAR INSURANCE. SAVE THOUS...  
Top Cashback Credit Cards For Saving Cash:    • TOP 5 CREDIT CARDS FOR CASHBACK | CAS...  
Top Financial Mistakes To Avoid: Coming Soon

#debtfree #nomortgage #payoffhouseearly

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DISCLAIMER: I am not a CFP, CPA, attorney, insurance agent, real estate agent, mortgage broker, or financial advisor. These videos are for educational purposes only and I am merely sharing my opinion and experiences. Please do your own research or consult a professional!

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