A Quote by Chris Rea

As soon as I paid the mortgage off in 1988, I started racing cars. — © Chris Rea
As soon as I paid the mortgage off in 1988, I started racing cars.
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.
Once I started fighting in UFC, things took a big U-turn. After my second fight, I came home and paid my mortgage off.
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.
I love money, and I love movement. I like what it has let me do for my family. I have paid off my mum and dad's mortgage, I've bought them two BMWs, they can have anything they want. I am buying a fleet of cars for myself. I have unemployed my sisters, they don't need to work, don't need to worry about a thing.
I've always paid off my mortgage as much as I could.
But my passion is racing cars. It's what I like to do in my off time.
When I arrived in Champ Cars, which at the time used to be called Indy Cars and then got renamed CART and then renamed Champ Cars, I was racing against Jimmy Vasser, my team-mate, but more than him, I was racing against Michael Andretti, Emerson Fittapaldi, Al Unser Jr. - guys that had big names.
The paid-off home mortgage has taken the place of the BMW as the status symbol of choice.
I never collected cars as a financial thing; I wanted to go racing, so I chose the cars I wanted to go racing with. Like the Ferrari 250 GTO. I bought it because it absolutely fulfilled everything I wanted from a car.
I think WCW will kill any kind of joy in your life. I think I started hating money. The money they paid me was insane, but I would be off and fly first-class airplane, luxury cars and hotels, and then arrive at the arena and have Eric Bischoff tell you 5-10 minutes after 6 P.M. that you are off tonight.
I bought my first dirt bike when I was 12, and I started racing motocross when I was 15 and started getting pretty successful. Then I started racing snowmobiles at 17 and decided I wanted to focus on that and see if I can make a career at it.
Thirty-nine was the best year of my life earnings-wise. I paid off my mortgage and felt a massive sense of achievement.
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.'
I can't tell you the number of times I was one of the first people at the arenas or at TV, constantly trying to better myself. I can honestly say that my hard work paid off. My resilience paid off. My persistence paid off.
I started racing go karts when I was six. I just loved everything about racing. I was raised in a racing family. And I always wanted to race for a living at the highest level I could.
If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years.
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