How To Pay Off Your House In 10 Years Or Less

About this episode:
In today’s video, find out why paying off your mortgage early is worth it and how to get it done as fast as possible.

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[DonaldMark-nese]

I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[jerrycampbell-utyf]

Because so many people overpaid for homes during a period when interest rates were low, I believe there will be a housing crisis because these people are in debt. If housing prices continue to fall and, for whatever reason, they can no longer afford the house and it goes into foreclosure, they will have no equity because they will not make any money if they sell. I feel that many people will be affected by this, especially given the predicted mass layoffs and fast rising living costs.

[andbeyondd]

The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[MaryLawson]

I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.

[froggore]

Our last mortgage payment is going out on August 29th of this year. 30 year mortgage paid off in 11.5 years.

[mohican-jxfx]

I worry the inflation will eat up my savings if I leave it in the bank. I have about 180k that I want to invest in the stock market, but I don't know how to start. Any suggestions?

[NobodySpecial]

We are 2 1/2 years into a 30 yr mortgage, we’ve paid off 13+ years so far… our goal is to pay off off in 5 years, with no renewal! 🤞🏻 🏡 ❤️

[JenniferLynd]

*Thank you😊 for this video, do you offer account management or have any recommendations?*

[CrazyMedic]

Paid off 54k in student loans in two and a half years. I plan on applying my same method to my mortgage.

[mannya_realtor]

The number one benefit you mentioned is less stress. Imagine a world where you don’t owe anything to anyone.

[jwarnstarsmile]

$78, 500 left, payoff date July 1, 2026. Let's

[nathanielcarreon]

Paid off mortgage in ten years two decades ago. Was able to send kids to private schools all the way and retire early. Best decision we made.

[GB-zktq]

We are a school teacher and a IT support tech (translate to mean = not high income household). We paid off our house (3 bedroom 2 bath with 2 car garage on 1/2 acre, in cincinnati suburbs) in the span of around 3 years with help from the Ramsey program.
HOLY COW, this is crazy, it created a new weird situation now... we have extra money... and peace. Our lives have been dramatically changed.

[SarahGarbeth]

*Wow😁, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*

[Adrian_misterblue]

I often wonder how top level investors are able to become millionaires by investing. Just made a home sale and I’ve been sitting on about $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?

[caitox]

We put 20% down on a £400k home in the UK, and paid off the £320, 000 mortgage in five years. No gifts from family, no windfalls, just full focus and hard work. Almost a year since we did it and the peace we feel is unmatched! All of our money stays with us now, and we are having TONS of fun budgeting it for future goals!

[alexacox]

My husband and I started the baby steps 7 years ago. It took us 2 years to pay off $42K in consumer debt. We have three kids 5 & under. We just paid off our mortgage a couple weeks ago! It took us 4.5 years to pay it off. 🎉

[tturner]

Just paid ours off last week. Did a 30 yr in 12 yrs.

[legendarytrails]

We have a goal to pay off our 15-year mortgage in the next 2 years. We started with a 30-year mortgage and refinanced when the rates were super low, so the total payoff time will be about 10 years. We've been putting extra every month into the house, and we're getting super excited that we're almost done. We can't wait to not have a mortgage payment!

[Mamamischa]

We paid off our house in 8 yrs 10 months! 🎉