Mortgage Free
Author
Discussion

L1OFF

Original Poster:

3,767 posts

285 months

Thursday 3rd February 2022
quotequote all
Well, this week I've reached a milestone. For the 1st time in 43yrs I do not have a mortgage, what a great feeling. smile

barryrs

5,026 posts

252 months

Thursday 3rd February 2022
quotequote all
Congratulations.

I agree, my attitude towards money has really changed since I paid mine off a few years ago.

TeaNoSugar

1,479 posts

194 months

Thursday 3rd February 2022
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Well done. It must feel hugely liberating!

On course to be there myself in a mere 24 years cry

The Leaper

5,676 posts

235 months

Thursday 3rd February 2022
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1st mortgage started 1972, last mortgage ended 2001. Never had any kind of debt since (credit cards fully paid off each month). Happy days.

R.

L1OFF

Original Poster:

3,767 posts

285 months

Thursday 3rd February 2022
quotequote all
now, do I trade the old 911 Carrera for a GT3 :

(just kidding). smile

housen

2,366 posts

221 months

Thursday 3rd February 2022
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L1OFF said:
Well, this week I've reached a milestone. For the 1st time in 43yrs I do not have a mortgage, what a great feeling. smile
this your mrs ?


https://www.mumsnet.com/Talk/legal_money_matters/4...

L1OFF

Original Poster:

3,767 posts

285 months

Thursday 3rd February 2022
quotequote all
housen said:
nope, smile she would want to upgrade the 2017 Mini Cooper

anonymous-user

83 months

Thursday 3rd February 2022
quotequote all
L1OFF said:
Well, this week I've reached a milestone. For the 1st time in 43yrs I do not have a mortgage, what a great feeling. smile
What a fool, according to PH financial experts, you should have maxed out your mortgage to buy the biggest house you can or spent the money on Vanguard, leased an Audi, invested in a depreciating asset…or something like that! smile

supersport

4,630 posts

256 months

Thursday 3rd February 2022
quotequote all
L1OFF said:
now, do I trade the old 911 Carrera for a GT3 :

(just kidding). smile
No, keep the proper 911 and add the GT3 to go alongside hehe

Edit, didn't realise it's a 996, in which case yes swap it. Forget that the 996 is now old.

Edited by supersport on Thursday 3rd February 15:29

ghamer

626 posts

184 months

Thursday 3rd February 2022
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Yep cleared my mortgage at 45 and immediately went self emp,oyed,fantastic.

NortonES2

636 posts

77 months

Thursday 3rd February 2022
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L1OFF said:
Well, this week I've reached a milestone. For the 1st time in 43yrs I do not have a mortgage, what a great feeling. smile
Providing it wasn't repossessed, well done.

AB

20,428 posts

224 months

Thursday 3rd February 2022
quotequote all
L1OFF said:
now, do I trade the old 911 Carrera for a GT3 :

(just kidding). smile
Paid mine off end of last year. Celebrated with a Porsche so I say yes.

L1OFF

Original Poster:

3,767 posts

285 months

Friday 4th February 2022
quotequote all
Thanks for the comments chaps, some did make me laugh. In response:-

1. House not repossessed
2. Been through the lease car, big mortgage etc. Not going there again.
3. I love the 996 (bought as a project), after 6 TVR's I'm quite adept with a spanner smile and love finding alternative suppliers to avoid the "Porsche Tax"
4. Off to Bridport \ West Bay tomorrow to celebrate with the best fish & chips around (we know how to live)


coetzeeh

2,889 posts

265 months

Friday 4th February 2022
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L1OFF said:
Thanks for the comments chaps, some did make me laugh. In response:-

1. House not repossessed
2. Been through the lease car, big mortgage etc. Not going there again.
3. I love the 996 (bought as a project), after 6 TVR's I'm quite adept with a spanner smile and love finding alternative suppliers to avoid the "Porsche Tax"
4. Off to Bridport \ West Bay tomorrow to celebrate with the best fish & chips around (we know how to live)
Never been a 996 enthusiast until my neighbor bought an absolutely mint version for £16k 9 months ago. Changed my mind now!

barryrs

5,026 posts

252 months

Friday 4th February 2022
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I won’t be parting with my 996 anytime soon.

Bannock

9,782 posts

59 months

Friday 4th February 2022
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My problem is, that once my mortgage ends, that's the time I want to be retired by so my income collapses. Frying pan, fire.

Ain't life grand.

trickywoo

14,139 posts

259 months

Friday 4th February 2022
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I think it depends a lot on your house.

I'm mortgage free but it doesn't feel that great because I'd like to be in a bigger house. Trouble is anything still in the area which I like would be double the price and another big mortgage. On balance the bigger house wouldn't improve my wellbeing.

L1OFF

Original Poster:

3,767 posts

285 months

Friday 4th February 2022
quotequote all
coetzeeh said:
Never been a 996 enthusiast until my neighbour bought an absolutely mint version for £16k 9 months ago. Changed my mind now!
I looked at TVR's again last year but couldn't face paying what they sell for now. The 996 is a cheap way into something good its, analogue, handles well and its a fun drive at normal speeds. Ok its not the best Porsche, I could have bought a new one but wanted the "project". I paid 17K for mine it had just had £6K spent on it a few month's before (IMS, condensers etc all the usual bits). I've spent similar on suspension, paint, water pump etc. It's a hobby smile


p1doc

3,776 posts

213 months

Friday 4th February 2022
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well done feels great -3 yrs later when i drive down driveway i still think this is all mine now!

SkinnyPete

1,992 posts

178 months

Friday 4th February 2022
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Congratulations OP, what a great feeling.

Further good news is, the warm happy feeling doesn’t disappear anytime soon. Ive been mortgage free for five months, and every month when I see all my utility bills come out at the same time, but no mortgage payment…beer

Edited by SkinnyPete on Saturday 5th February 07:58