A Quote by Michael Bisping
Once I started fighting in UFC, things took a big U-turn. After my second fight, I came home and paid my mortgage off.
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When I first started, I lived in Vegas because I was fighting in the UFC, and I was still fighting after the UFC.
I live in a Spanish-style hillside home in Los Angeles, California. I paid $900,000 in 1995. It's perhaps worth about $3m now. Thankfully, I paid off my mortgage before the crash because I could see it coming. I worried that I would be caught having to pay off a very high mortgage for a house I couldn't sell.
If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out a reverse mortgage once you turn 62.
To stay in the UFC while fighting top opponents... tell me one easy fight I had in the UFC. I have a history in the UFC.
Look back at my career - I was 19 or 20 years old when I started fighting those guys. As soon as I got into the UFC I was willing to take on the number one guys. I fought Carlos Condit in my second appearance in the UFC.
As soon as I paid the mortgage off in 1988, I started racing cars.
I took my first fight in the UFC on short notice. I took my first big fight against a top-five guy on ten days notice.
The paid-off home mortgage has taken the place of the BMW as the status symbol of choice.
I'm pretty low-maintenance, but I like my time to myself, and once you have a child, you have to fight for it. I remember the first long bath I took [after Ptolemy's birth] was such a moment. Because a lot of the time you're in the shower, and if that baby cries, you've got to turn off the water and go!
Ask most people who live in a home and have a mortgage on it whether they own their own home and the answer is almost guaranteed to be a resounding 'yes'. Yet it's the wrong answer. Technically speaking, until they have paid the mortgage off, they don't own it. Herein lies the difference between reality and illusion, between ownership and control. This confusion lies not only at the individual level, but also at the heart of government thinking.
We're all fighting for a reason. We're not fighting to just fight. There's got to be some type of reward at the end of the rainbow and that reward is a big, shiny, UFC gold belt. That changes every fighter's life dramatically for the better.
I have nothing to complain with the UFC because I get paid really well in the UFC. I think you're paid according to your work, and I think that's really cool. That's why I want to be fighting all the time, to show that I'm the best, that I'm evolving, because the more you show, the more you get paid.
After I won my first amateur fight, I figured I would do fighting on the side while I was going to school. I got an offer after that amateur fight to take a professional fight. The opponent kind of wanted to have an easy win for her pro debt, and they said they'd pay me $1,500. I was like, 'Yeah, might as well get paid for what I was doing.'
Once you get the kids raised and the mortgage paid off and accomplish what you wanted to do in life, there's a great feeling of: 'Hey, I'm free as a bird.'
We paid for this instead of a generation of health insurance, or an alternative energy grid, or a brand-new system of roads and highways. With the $13-plus trillion we are estimated to ultimately spend on the bailouts, we could not only have bought and paid off every single sub-prime mortgage in the country (that would only have cost $1.4 trillion), we could have paid off every remaining mortgage of any kind in this country - and still have had enough money left over to buy a new house for every American who does not already have one.
After I started training with some of the best in the world and fighting in the UFC, I started really wanting fights with guys I used to idolize and watch on TV. Guys like Tito Ortiz and Randy Couture.
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