A Lifelong Dream Achieved: Our Journey to Paying Off the Mortgage š ā¤ļø
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Last week, we announced that our lake house had officially CLOSED! Sold & SOLD! This week marks an incredible milestone for my husband and me: weāve officially paid off our mortgage! After years of dedication, sacrifices and hard work, our home is truly ours and there are simply NO words to capture the deep sense of fulfillment that brings, NO words. Itās a moment weāve dreamed about for so long and now that itās here, weāre soaking in every bit of it.
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The Road to Mortgage Freedom
Like so many others, we started this journey with a clear goalāto one day own our home outright. Every payment we made wasnāt just about reducing debt; it was an investment in our future, a step toward financial freedom and a commitment to our familyās security. Along the way, we learned some valuable lessons, made sacrifices and kept our eyes on the prize.
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For anyone still on this journey, keep going -Ā NEVER GIVE UP! Here are a few of the things that kept us motivated over the years:
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- Goal Setting ā Breaking down the journey into smaller milestones helped us stay motivated. Whether it was reaching certain payoff percentages or watching our balance dip below new thresholds, these mini-celebrations kept us motivated.
- Budgeting and Sacrifice ā Financial discipline was a must. We made small sacrifices along the way, choosing to invest in the future rather than the latest trends. Every little cut in spending brought us closer to the finish line. I will, however, be the first to admit that I was almost always the one who derailed us. My hubby was ever so patient with me, I will say!
- Celebrating the Journey ā Paying off a mortgage is a marathon, not a sprint. We found it important to celebrate the small winsāknowing every step was a big part of our success story.
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Reflecting on the Journey
Now that weāve reached the end of our mortgage journey, itās surreal to reflect on where we started. The years have been full of ups and downs, bull markets and recessions, health and illnesses - but, reaching this goal is a testament to the power of persistence and patience. Weāre so proud and more than that, grateful for each otherās support every step of the way - especially Ray who never gave up on me when I would de-rail!
Sometimes, I veer off track from our financial goals by investing extra money into home improvementsābut Iāve always loved flipping homes, including our own - and I just can't pass up a good opportunity!
Over the years, we've averaged about five years in each property, putting in upgrades and selling at a profit that covers our investment each and every time. Each āflipā has steadily built more equity, boosting our housing financial foundation with each sale. Our most recent sale was the culmination of all of our personal home sales, allowing us to fully pay off our current home with that saleāa milestone that made every single detour absolutely worth it!
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Looking Ahead
As we begin this exciting new chapter, the possibilities feel positively endless. With no mortgage to hold us back, weāre dreaming bigāwhether that means more travel, new investments, or simply enjoying the freedom that comes from being debt-free. Paying off a mortgage doesnāt just free you financially; it frees you to embrace new dreams and ambitions.
To anyone on this journey, hang in there. Every single payment, every little sacrifice, all adds up. One day, youāll also be here and I promiseāitāll all be worth it. Hereās to reaching goals, living dreams and building futures - one step at a time.
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Thank you for celebrating this moment with us! If youāre on the journey, keep goingāyouāve got this!Ā Hereās to new dreams and endless possibilities! š #Celebrate #DebtFreeJourney #MortgageFree #FinancialFreedom
Ā© Debe Maxwell, CRS | The Maxwell House Group | Savvy + Company | SavvyBroker@me.com |Ā A Lifelong Dream Achieved: Our Journey to Paying Off the Mortgage š ā¤ļø
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