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Joined: Nov 2018
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Talk Morgan Sage
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Talk Morgan Sage
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I'm a good old Gen X. Apparently we owe the most smile


"Y mae dafad ddu ym mhob praidd"
1972 4/4, 1981 MGBGT, 1984 FLHT1340, 1980 XLH1000, 1990 ZX10
Joined: Mar 2017
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Talk Morgan Expert
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Talk Morgan Expert
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Originally Posted by +8Rich
It pained me having to have a mortgage of £11,500 and had it paid back early at 50.

The only borrowing in my life.


+1 paid ours off at 50.


Craig Jezz


Joined: Apr 2008
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Scruffy Oik
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Scruffy Oik
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Originally Posted by Craig Jezz
Originally Posted by +8Rich
It pained me having to have a mortgage of £11,500 and had it paid back early at 50.

The only borrowing in my life.


+1 paid ours off at 50.


I managed to pay mine off at 47, courtesy of a generous redundancy payout.


Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
Joined: Jan 2018
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Learner Plates Off!
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Learner Plates Off!
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I was told many years ago "if you die in debt you made a profit" joy

That said, I am currently breaking even cheers


Paul

2009 4/4 Sport in Red
2022 Harley Davidson FXLRS Low Rider S
1977 Triumph Stag
Joined: Dec 2009
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Tricky Dicky
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Tricky Dicky
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Originally Posted by Hamwich
Originally Posted by Craig Jezz
Originally Posted by +8Rich
It pained me having to have a mortgage of £11,500 and had it paid back early at 50.

The only borrowing in my life.


+1 paid ours off at 50.


I managed to pay mine off at 47, courtesy of a generous redundancy payout.

The earlier the better, with 3 youngsters going through University concurrently it helped a lot especially as two of them were four year jobs.


2009 4/4 Sport Henrietta
1999 Indigo Blue +8
2009 4/4 Sport Green prev
1993 Con Green +8 prev





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TBM Offline
Talk Morgan Sage
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Talk Morgan Sage
Joined: Nov 2018
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Got about 11 years left on mine - will probably retire once it's paid off (I'll be 62, if teaching hasn't killed me by then).


"Y mae dafad ddu ym mhob praidd"
1972 4/4, 1981 MGBGT, 1984 FLHT1340, 1980 XLH1000, 1990 ZX10
Joined: Aug 2010
Posts: 5,468
Likes: 172
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The feeling that comes with the last mortgage payment is unbeatable. Our goal when we married was to be mortgage free and retired at 56. Made mortgage freedom at 58 and retirement at 60.


Paul
Costock, UK
Plus Four 75th - Furka Rouge - Pip
Disco 5
Teddy - 17h1 Irish Draught cross
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TBM Offline
Talk Morgan Sage
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Talk Morgan Sage
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My Mrs is 15 years younger than me, so she'll probably be working for another 20yrs once I'm retired so can keep me in the manner to which I'm accustomed smile smile

Thankfully we have no kids to drain our bank accounts.....


"Y mae dafad ddu ym mhob praidd"
1972 4/4, 1981 MGBGT, 1984 FLHT1340, 1980 XLH1000, 1990 ZX10
Joined: Aug 2010
Posts: 5,468
Likes: 172
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Originally Posted by TBM
My Mrs is 15 years younger than me, so she'll probably be working for another 20yrs once I'm retired so can keep me in the manner to which I'm accustomed smile smile


Excellent plan.


Paul
Costock, UK
Plus Four 75th - Furka Rouge - Pip
Disco 5
Teddy - 17h1 Irish Draught cross
Joined: Dec 2009
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Tricky Dicky
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Tricky Dicky
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+1 and you are a lot younger than most on here and you have the the most valuable asset on your side + a young wife thumbs


2009 4/4 Sport Henrietta
1999 Indigo Blue +8
2009 4/4 Sport Green prev
1993 Con Green +8 prev





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