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  1. #1

    It's Mine!

    Personal finance milestone.

    Just sent in the final mortgage payment. Now I am completely debt free. Paid it off early- 30 year mortgage done in less than 15. I could have done a 15 year but payments would have been tighter on the budget which would have been a problem if any financial crisis arose (which it did when my company went on strike for five months- I was able to keep up with my payments during the whole time) and pay extra when I was able to. My costs of living are now incredibly cheap. Including property taxes and homeowners fees (condo) I can now live on less than $1000 a month if I have to. Prices of similar units are still about 50% higher than what I paid too. This is part of my retirement plan- keep the expenses as low as possible and you can live comfortably on less money. Same effect as having large amounts of savings (wouldn't call my savings huge but I have adequate money there too for now and can put more money there now too).



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  3. #2
    Congratulations! (me: envious)
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    • "When law and morality are in contradiction to each other, the citizen finds himself in the cruel alternative of either losing his moral sense, or of losing his respect for the law."
      -- The Law (p. 54)
    • "Government is that great fiction, through which everybody endeavors to live at the expense of everybody else."
      -- Government (p. 99)
    • "[W]ar is always begun in the interest of the few, and at the expense of the many."
      -- Economic Sophisms - Second Series (p. 312)
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      -- Harmonies of Political Economy - Book One (p. 447)

    ˇ tu ne cede malis sed contra audentior ito ˇ

  4. #3
    Congrats! Plant a garden and you'll bring that 1k figure down a bit, I'd imagine. Save some money up for a really efficient fireplace (if you don't have one) and you'll be even better off.
    Those who want liberty must organize as effectively as those who want tyranny. -- Iyad el Baghdadi

  5. #4
    I am lucky enough to live in a moderate climate where I don't have to worry much about heating or cooling- a mile from the California coast. There is radiant heat in the ceiling which I have never used (never officiallly hits 32 degrees even in winter- "cold" weather means wearing long pants instead of shorts- not at all like Colorado winters where I grew up where yes I did walk two miles to school in two feet of snow and below zero temperatures) and in summer fans are enough to keep cool on most days. My utility bill runs about $35 a month year round. Work and the grocery store are easy walking distance so I don't need or have a car (no gas, insurance payments).
    Last edited by Zippyjuan; 11-15-2012 at 11:14 PM.

  6. #5
    Quote Originally Posted by Zippyjuan View Post
    I am lucky enough to live in a moderate climate where I don't have to worry much about heating or cooling- a mile from the California coast. There is radiant heat in the ceiling which I have never used (never officiallly hits 32 degrees even in winter- "cold" weather means wearing long pants instead of shorts- not at all like Colorado winters where I grew up where yes I did walk two miles to school in two feet of snow and below zero temperatures) and in summer fans are enough to keep cool on most days. My utility bill runs about $35 a month year round. Work and the grocery store are easy walking distance so I don't need or have a car (no gas, insurance payments).
    definitely a good place to host your FEMA party.

  7. #6
    Congrats Zippyjuan. Now as long as California doesn't tumble into the sea or the government turn all out totalitarian and confiscate it you're lookin' good.

    "The Patriarch"

  8. #7
    Quote Originally Posted by Origanalist View Post
    Congrats Zippyjuan. Now as long as California doesn't tumble into the sea or the government turn all out totalitarian and confiscate it you're lookin' good.

    Was that sarcasm? lol
    For the Republic! For the Cause!
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  9. #8
    Congrats Zippy. Just make sure you pay your dreaded property tax--or they'll show you how fast the property is theirs!
    “The spirits of darkness are now among us. We have to be on guard so that we may realize what is happening when we encounter them and gain a real idea of where they are to be found. The most dangerous thing you can do in the immediate future will be to give yourself up unconsciously to the influences which are definitely present.” ~ Rudolf Steiner



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  11. #9
    Very cool - congrats, I paid it off last year... before you say "its mine" remember that failure to pay property tax can land you in jail and homeless... so technically its the states, they just will rent it to you for the price of the property tax....

  12. #10
    Congrats!
    But if you are paying property taxes, its not yours. Its the Kings property.
    Stop paying him his tax/rent, and he'll send his shire reeve to remove you.
    Congrats!
    rewritten history with armies of their crooks - invented memories, did burn all the books... Mark Knopfler

  13. #11
    Congrats man!

    Now sell it to a sucker and move down here to Texas. There's plenty of room.

  14. #12
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    Well done!

    I am on a 15 year and more than half of each payment goes toward principle. I love it. Can't wait to be paid off.
    Citizen of Arizona
    @cleaner4d4

    I am a libertarian. I am advocating everyone enjoy maximum freedom on both personal and economic issues as long as they do not bring violence unto others.

  15. #13
    Hurrah! You've mentioned you were doing that several times over the years, and it's awesome you were able to stay focused on your goal. I know the world is full of shiny things....

    So congratulations!

  16. #14
    Jealous, totally. Yay, zippy!
    Quote Originally Posted by Torchbearer
    what works can never be discussed online. there is only one language the government understands, and until the people start speaking it by the magazine full... things will remain the same.
    Hear/buy my music here "government is the enemy of liberty"-RP Support me on Patreon here Ephesians 6:12

  17. #15
    Still paying taxes on it? Nope, it's not yours.

    Congrats on no longer paying the bank though.

  18. #16
    Good work, man.
    It doesn't end with this election cycle. Commit to long term change, and you won't see all the GOP state convention shenanigans as the end of the Ron Paul Revolution--but as the end of the neocon control of the GOP, (and the beginning of the Ron Paul Revolution). Hang in there for another year or so, and you'll start to see some absolutely amazing results for all of our efforts. ~Ninja Homer



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  20. #17

  21. #18
    Quote Originally Posted by Zippyjuan View Post
    Personal finance milestone.
    (which it did when my company went on strike for five months- I was able to keep up with my payments during the whole time)
    Did your company go on strike or did your union go on strike. Sorry I could not resist. Congratulations Zippyjuan.
    Last edited by Henry Rogue; 11-16-2012 at 08:45 PM.
    Quote Originally Posted by BuddyRey View Post
    Do you think it's a coincidence that the most cherished standard of the Ron Paul campaign was a sign highlighting the word "love" inside the word "revolution"? A revolution not based on love is a revolution doomed to failure. So, at the risk of sounding corny, I just wanted to let you know that, wherever you stand on any of these hot-button issues, and even if we might have exchanged bitter words or harsh sentiments in the past, I love each and every one of you - no exceptions!

    "When goods do not cross borders, soldiers will." Frederic Bastiat

    Peace.

  22. #19
    Quote Originally Posted by Henry Rogue View Post
    Did your company go on strike or did your union go on strike. Sorry I could not resist. Congratulations Zippyjuan.
    We were locked out so you could say it was the company.

    As for property taxes, even renters pay that- it is in the rent cost but a renter gets nothing to show for the money they spend on rent while a buyer does.
    (half of my property taxes are due next month).
    Thanks everybody!

  23. #20
    Quote Originally Posted by Zippyjuan View Post

    As for property taxes, even renters pay that-
    Exactly, almost no one owns anything.

  24. #21
    Quote Originally Posted by cubical View Post
    Exactly, almost no one owns anything.
    not when there's rent control or low demand.

  25. #22
    Quote Originally Posted by cubical View Post
    Exactly, almost no one owns anything.

    just reminding the serfs, they are still serfs.
    and people should be upset about the fact they pour as this wealth into "owning" a home they never really own.
    rewritten history with armies of their crooks - invented memories, did burn all the books... Mark Knopfler

  26. #23
    "It's Mine!" lol
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


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  27. #24
    Quote Originally Posted by Danke View Post
    "It's Mine!" lol
    Low Value Post. Malksum is coming for you.
    Quote Originally Posted by Torchbearer
    what works can never be discussed online. there is only one language the government understands, and until the people start speaking it by the magazine full... things will remain the same.
    Hear/buy my music here "government is the enemy of liberty"-RP Support me on Patreon here Ephesians 6:12



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  29. #25
    You didn't build that!
    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst

  30. #26
    It's only yours if you have enough guns to defend it--good luck!
    Those who want liberty must organize as effectively as those who want tyranny. -- Iyad el Baghdadi

  31. #27

  32. #28
    This is freaking awesome. I hope to be in your shoes one day. I can only imagine what it would be like to have a paid off home and the ability to survive on very few expenses. You are very right about the ability of lessening your expenses = higher savings. Good luck man.

  33. #29
    Congrats! We're in a similar situation. We paid cash for a fixer-upper this summer. We'll be putting the final touches on it over the next month and moving in right before Christmas. 1 1/2 rent payments to go here at the apartment in the meantime and then we'll be living rent/mortgage free. It's an extremely liberated feeling, but the guys are right, $1640 in property taxes every year will be a harsh reminder that we're only renting it from the government.

  34. #30
    Congrats! I hope you are buying physical with some of the extra cash in your pockets now.

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