How I Paid My Mortgage Off In 2 Years!

Posted on by marilynwhittaker

After almost losing my house to the bank, I devised a plan to pay my mortgage off ASAP! First, I had to change my mindset and commit to saving as much money as possible. As I stopped buying unnecessary stuff (including clothing) I was able to use those funds to invest in a specific (high performing) share each month, I became excited at the prospect of one day owning my home. During this time I paid only the exact monthly payments that were required to keep the mortgage in good standing.

Mindset plays a crucial role in your ability to hoard finances and pay off your mortgage quicker. Having a mindset focused on financial discipline and frugality encourages you to prioritize saving over unnecessary spending. By adopting a mindset that values long-term financial security over short-term gratification, you will be more likely to make conscious decisions to cut expenses, increase savings, and allocate extra funds towards paying off your mortgage faster.

A mindset centred on goal-setting and perseverance provides the mental framework necessary to stay motivated and committed to financial goals. Setting a clear objective, such as paying off the mortgage ahead of schedule, will give you a sense of purpose and direction. With this mindset, you will be more inclined to develop and stick to a strategic plan, whether it involves increasing income streams, reducing expenses, or both, in order to pay the mortgage faster and achieve your desired financial freedom sooner.

Thinking Outside the Box

Second, I had to do something more and tried to create new income streams like renting a space in my house with an exterior door. That rental income went directly into purchasing more shares. But my calculations showed me this was still going to take more than ten years to master and I really wanted to offload this debt.

Third, I remained opened to new possibilities and consistently kept my mind on how to bring in more income. Soon I learned I could take a pension pay-out and followed the guidelines of the three plans I had participated in and stashed all those funds into more dividends.

The moment I purchased shares I opened for the dividend-reinvestment program and by the time I had enough funds to pay off my mortgage I learned that my reinvestments had yielded me over $27,000. Had I taken those dividend payments each quarter, it would have taken me at least another year to pay off that mortgage. There will be some sacrifice but you can do it if you stay on track month after month. Once the value of my shares reached $93,977 I cashed them in and paid the mortgage off immediately.

Along the way investors offered many other investment options. One cost me some money and this was disappointing but I did not allow it to get me down for too long. I immediately made the decision to not take any further risks and kept investing in the stock that was consistently yielding a reasonable return. I had to stay positive that this would continue to work for me.

Lastly, a positive mindset can help you overcome challenges and setbacks along the way to paying off your mortgage quicker. By cultivating resilience and optimism, you will be better equipped to navigate unexpected financial obstacles, such as job loss or economic downturns, without derailing your progress. Instead of succumbing to fear or doubt, a resilient mindset will encourage you to adapt, persevere, and find creative solutions to stay on track towards your financial goals, ultimately enabling you to achieve the satisfaction of homeownership without the burden of mortgage debt looming over your head.

Successful at Work, But Not in Love?

Posted on by marilynwhittaker

In today’s society, the dynamics of romantic relationships have evolved significantly, yet certain challenges persist, particularly for successful women seeking equally accomplished partners. One contributing factor to this difficulty stems from traditional gender norms and societal expectations that have yet to fully adapt to the rise of successful women.

Historically, men have been accustomed to being the primary breadwinners and holding positions of power, which can create subconscious biases and insecurities when confronted with a woman who surpasses them in professional or financial success.

Moreover, the scarcity of equally successful men further exacerbates this challenge. In many industries and professions, women continue to face systemic barriers that hinder their advancement, resulting in a smaller pool of men who have reached comparable levels of success. Additionally, some successful men might feel intimidated by highly accomplished women, leading them to seek partners who they perceive as less threatening to their egos or social status.

To navigate this complex landscape, successful women may need to consider various approaches to finding compatible partners. One strategy involves fostering open communication and mutual respect in relationships. Rather than allowing disparities in success to breed insecurity or resentment, both partners can cultivate an environment of support and encouragement, celebrating each other’s achievements without feeling threatened by them.

Additionally, successful women might explore expanding their social circles or engaging in activities that align with their interests and values, increasing the likelihood of encountering men who appreciate and value their success.

Furthermore, successful women could also consider re-evaluating their criteria for an ideal partner. While shared success can be a desirable trait, focusing solely on professional accomplishments might overlook other important qualities such as emotional intelligence, kindness, and compatibility.

By prioritizing qualities that contribute to a fulfilling and supportive relationship, rather than solely focusing on external markers of success, women can broaden their options and increase the likelihood of finding a compatible partner who appreciates them for who they are holistically. Ultimately, navigating the complexities of dating as a successful woman requires a combination of self-awareness, open-mindedness, and a willingness to challenge conventional norms and expectations.