A Quote by David Lereah

If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years. — © David Lereah
If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years.
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.
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.
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.
In the first phase of shock over, say, your mortgage being called in or your job washed out, it's essential to engage with others and share the fear, release the feelings, do fun things to take your mind off it.
Work - get paid; don't work - don't get paid. Everybody is on commission, .. Try not coming to work for six weeks. Work gets paid; don't work, don't get paid. When they earn those dollars, and when you're 4, and you clean up your room, it really means mom cleaned up the room and you did two toys. When you're 14, it means you cleaned up your room. But still, we got the money caused by work, and then, we have teachable moments on how to handle the money they earn.
Especially if you're over 40, shortening the term of your loan to pay it off sooner could make you mortgage-free in retirement.
First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.
When you move off a point of power, pay all your obligations on the nail, empower all your friends completely and move off with your pockets full of artillery, potential blackmail on every erstwhile rival, unlimited funds in your private account and the addresses of experienced assassins and go live in Bulgravia and bribe the police.
If you're going to live in the house make it your goal to just pay off your mortgage.
Your wealth is the value of your assets - your retirement accounts, your home, the unsold stocks - minus your debts, like your credit-card bill and your mortgage.
I've always paid off my mortgage as much as I could.
You can't manage time, you actually only manage what you do during time. So the management issue is not so much about time, it's more about how do you manage your focus, how do you manage your actions and your activities in terms of what you do.
You must hand yourself and all your inward experiences, your temptations, your temperament, your frames and feelings, all over into the care of your God, and leave them there. He made you and therefore He understands you, and knows how to manage you, and you must trust Him to do it.
It is disconcerting to sit with your parent and find you're turning over your future to your government, which can't manage their money.
As soon as I paid the mortgage off in 1988, I started racing cars.
The paid-off home mortgage has taken the place of the BMW as the status symbol of choice.
This site uses cookies to ensure you get the best experience. More info...
Got it!