Why I Live A Debt Free Lifestyle (No Mortgage)

Why I Live A Debt Free Lifestyle (No Mortgage)

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DISCLOSURE: I am not a financial advisor. I am sharing my personal opinion on all topics discussed in my videos. Please seek professional advice when needed.

[HenryKatty]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.

[darrelldyer]

Paid off all my debt after a roller coaster ride trying to do it. I will never go back into debt ever again! Retired now.

[bryansmith]

I’ve got $7k left on my mortgage. My goal has always been to have my house paid off by the age of 40(august of this year). And it’s gonna happen! Never had car payments which has been huge in getting the house paid off.

[nathanielcarreon]

Paid off mortgage in ten years 21 years ago. Best financial decision I ever made

[ep]

Finished my mortgage early in March 2023. I have zero other debts.

It's been a total game changer - no pressure whatsoever.

I live very frugally and the cost of living crisis is having no effects.

[batmansillo]

I live debt free ♥️
I live in Puerto Rico.
When my mom passed away i inherited a piece of land from her and i built a nice cabin all cash. Sure, its not a mansion, but i sleep easy every night knowing its all mine and not the banks.

[JustCallMeInsane]

I graduated with almost 100k of student loan debt. In 2020 when the world went upside down, I had about 80k plus over 10k in CC.

My total debt today is 34k and just student loans. It can ALWAYS be done.

[bradtrades]

Freedom and Enough are the two most important concepts in finance.

[nzmoneykarma]

Borrower is slave to the lender and all that….. getting rid of the mortgage was the best decision we ever made!

[turbografx]

paid my house off last year. best decision my wife and I made. having no mortgage has made raising 3 kids much much easier. Now we're focusing alot more investing and doing more fun things with the kids.

[rjwilliams]

Similar situation - end of 2023 I finally paid off the last piece of debt, the mortgage. Not having payments on anything is the greatest feeling ever. IDK if I could make more had I invested the money I paid the house off with. The peace of mind is real.

[johnbrooks]

Totally agree. I have no debt either. My nice but modest condo is all paid for; my 20-year car looks good and runs great -and cost me $5K six years ago. I can afford to travel to see my adult kids.

[emzywillrich]

I invested in a law degree that I paid for with my investment in the stock market. I was 35 years old when I received my J.D. and it has kept me employed as I head into old age. Debt-free is the way to live now in this economy!

[halfunkbass]

I know this feeling of being debt free. Paying off your mortgage flips the script. You are no longer at the mercy of a job or a boss. You are standing strong to not be stopped to continue your quest for other personal pursuits. You are not beholden to nobody at work or to the mortgage bank. For someone to pull off paying a mortgage is a very discipline person, to say the very least.

My California 5 bedrooms big lot was paid over over 12 years -- 7 years ago. It was a living nightmare of 12 years making payments like there was nothing else more important. The feeling being debt free never wears off...

[aribbonatatime]

This was me when I was single. No debt whatsoever however I didn't do a good job of staying out of debt when I started a family. At first it was manageable but it eventually got out of hand with expanses. I underestimated the level of attention needed to maintain a budget with my margins and a family to provide for. The margins where so thin with a family I need to literally track every cent to stay on top of things and I didn't have the discipline to do that. Trying to claw my way back out now but for the single guys out there just remember to keep that same discipline and even more once you start a family.

[kevinkidneyy]

This my goal next 8 years ! You living the dream .

[GeorgeForhan]

This is the first video I have ever watched of your channel. Great content!.
In my opinion, achieving the free and low stress lifestyle you discuss is the result of at least three things:
1. A basic understanding of money and how to make it work to one’s advantage (this type of education sorely lacking in our public education system);
2. A mindset that relentlessly strives to achieve the desired goal of freedom from the burdens of bills and money related stress;
3. Thousands of (mostly) small (and some big) decisions over many years that align with the overarching goal and destination you have set for yourself.

Great video. Very refreshing to watch. I think many can benefit from your approach.

[israelruiz]

The key to a happy financial life is getting rid of the monthly expenses.
I noticed my stress is a bit lower since i payed off my car.

Using a chunk of that monthly payment to pay off my student loans faster. And the rest i use to treat myself which makes me feel more relaxed

[RTD]

I'm retired, well off and never owned a new car in my life. Good used car deals are ALWAYS out there.

[cherylhills]

With around $250k to invest, what's your advice on entering the market? I'm considering replicating the strategies of experts instead of investing independently to avoid both financial losses and emotional stress. What are your thoughts on this approach?