Do I Regret Paying off My Mortgage Early?

Exactly 2 years ago (March 2022) I paid off my mortgage. Now, after being mortgage free for 2 years, do I regret paying off my mortgage? In this video I'll share the 3 things I learned after being mortgage free as well as 3 common misconceptions about mortgage payoff.

Check out the Invest vs Paying off Your Mortgage Videos Next!

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This comprehensive video delves into the transformative journey of paying off a mortgage early, addressing common criticisms and showcasing the undeniable benefits of mortgage freedom. The speaker shares three pivotal lessons learned and unveils unexpected advantages, such as financial bliss and the liberation from the biggest financial burden most people face: their mortgage. By dissecting misconceptions about mortgage interest as a tax write-off and the notion that only the wealthy can achieve early mortgage payoff, the video illuminates the path to true financial independence. It champions a balanced approach to investing and mortgage repayment, encouraging viewers to consider the peace of mind and financial flexibility that comes with owning your home outright. Join us as we navigate the myths and realities of mortgage management, providing actionable insights for anyone aspiring to financial freedom and a debt-free lifestyle.

#financialeducation #financialindependence #debtfree

Do I regret paying off my mortgage early? Find out in this video why the answer is a resounding no! Discover the three reasons why I'm still thrilled with my decision two years later. Subscribe for more insightful financial content!

Curious about the advantages of paying off your mortgage early? In this video, I share my personal experience and why I stand by my decision. Tune in to learn why I have no regrets about becoming mortgage-free. Hit subscribe for more financial wisdom and inspiration!

*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[richhands]

My three favorite channels: Bob Sharpe, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

[emmetts]

I just recently paid off my mortgage in January and my car this month. As of April 1st I will only have property tax, insurance and regular utilities to pay. With all my money freed up, I will have about 60k a year extra to invest or do whatever i want. Paying off my house early was the best decision I ever made.

[DebtFreeInvestor]

I paid my mortgage off two years ago as well. It provided me the means to walk away from a very stressful upper management position and work for myself building privacy fences, mowing lawns, and providing handyman services. I never would have done that with a mortgage hanging over my head. I am also able to invest $150 every single market day, which is $36, 000 per year. Next stop: Net worth millionaire 💰

[christinaslate]

Paid off my mortgage at 46, four years ago . Family and friends said I too, should have invested it . Two years later, I was dxed with MS . I couldn’t keep my job or do many things I used to be able to . Had I not paid off the mortgage, I would have eventually been forced to sell and rent an apartment. Being mortgage / debt free gives you so much freedom, and you know never know when life is gonna try to kick you down

[atl]

I paid off my house in December of 2021 after 14 1/2 years. I was borderline obsessed with paying it off from day one. I did sacrifice a lot to get it paid. I have no regrets. Would I have done it slightly differently if I had the chance? Perhaps, but I still have no regrets in paying it off early. It is psychologically empowering to be debt free. I’m crushing it on investing now. Putting at least $35k/yr in my investments. Life is better without a mortgage.

[bskinny]

If I wake up and if I have no work, I enjoy the day. If I have work, I consider that bonus money.
You're winning everyday.

[tbietsch]

On November 30, 2023, I sent the mortgage company a lump sum payoff check 8 years early. I'm an avid stock options trader and dividend investor so I understand the market. I can't tell you the amount of heat I took from the naysayers running market rate of return vs mortgage rate calculations in order to dissuade me. Most talking about market returns and imaginary tax write-offs. The peace of mind living debt free at 44 is incredible. It has changed my life and created opportunities for investments and financial opportunities otherwise unachievable. My wife and I started 2024 with a clean balance sheet and our net worth compounds each month. Bob, I've been a quiet viewer for some time now on your channel and appreciate your candid thoughts and opinions.

[MrSeebsy]

I borrowed 400k in 2009 & Just paid it off …. Home is now worth about 750k….. My motivation was 3things. 1, I could just not live with still having a mortgage going into my mid 50s/60s. 2, I will save 190k in income I will invest rather than handing it over to BoA. 3, If I die my kids have no worries, & I can now approach my corp job like it’s just for fun….. Love your channel.

[veganover]

Just paid off mortgage Dec. /23 Best feeling in the world!!

[KIDDLEH]

This dude is so real. Honestly appreciate the transparency he gives.

[rhzhuws]

I sold my commercially zoned home 7 months ago and was able to cash out a home in a cheaper part of my state. It has been total bliss not having to worry about paying the mortgage. I am completely debt free and loving it. 👍🏽👍🏽👍🏽

[RooMonroe]

The #1 unexpected benefit is it cant be foreclosed on

[kingtizzy]

Paid off my mortgage 2 years ago and, like you, have zero regrets. It took 11 years to do and best decision ever. No debt at all so all my income is mine. Currently investing 25% in retirement and still have boatload of income left over.

[CurtisioPSN]

I paid off my mortgage a little more than a little more than week ago. Paid it off in 6 1/2 years! I worked a LOT of OT!

[Iamanon]

Every time I see a video of someone paying off their mortgage early, I see many comments about how it’s not a good strategy and that you could make more money by investing. I have yet to see a person say they regret paying it off early. If you pay off the mortgage early you can always get another one.

[dumars]

Your story is so close to mine. 2007 was a bad time for a 25 year old buying a house. Completely changed my mindset. Paid off my next house in 2020. Never was going to be put in that situation again.

[kevinailes]

4 years ago this week we paid it off. The change in cash flow was noticeable. We are plowing every bit of the mortgage back into investments and we are very close to financially free. Knowing then what I know now, perhaps I would have moved slower to pay off a 2.75 mortgage, but I’m glad I don’t have to make that decision and I sleep very comfortably at night in my paid off home.

[jasonfmcc]

I agree 110%. Just paid off our home early this past December. Busted my butt by picking up extra shifts and overtime and dumped it all into the mortage. The peace of mind is priceless

[alex.rancel]

FU is the best from this video. Man, thanks for this video. We are still attending to Dave Ramsey baby steps course and for sure we want to get rid of our mortgage. Right now we are working hard to pay our two auto loans.

[raykrva]

We lived poor and in addition to paying extra on our mortgage every month, we max'd out our 401k contributions. We worked like dogs, but I never ever wanted to live in an apartment again. I love owning a paid off house in retirement.