$200,000 mortgage paid off in (less than) 5 Years The Wealth Hacker Podcast w/ Jeff Rose, CFP®

You might believe that paying off a $200,000 mortgage is impossible.
Well, we Wealth Hackers believe in the impossible.
Today you are going to meet someone that did exactly that. Andy Hill is no ordinary guy, today we are going to hear his story and see how he paid off his mortgage in less than 5 years.
You can find Andy here:
💻 https://www.marriagekidsandmoney.com/
🎙️ https://www.marriagekidsandmoney.com/mkmpodcast/
Andy:
Back in 2013 my wife and I wanted to upgrade our house. 🏠 Our young family was growing and we wanted more space and a better school district. 👪
However, with a bigger house comes bigger bills. I didn’t want to be stuck in an uncomfortable spot in case one of us lost our jobs.
So we agreed if we bought the house we would work to pay it off in 5 years. This is how we did it:
➡️ 1. We started by getting a 15-year instead of 30-year mortgage (so that more of our money went towards principal).
➡️ 2. We lived on 50% of our income. We had monthly meetings to go over our budget for the month and make sure we were on track.
➡️ 3. We found more ways to make money. If we got bonuses or tax returns, that went straight to the principal on the house. We also sold things we didn’t need and I started a side hustle - again, all of this money - straight to the principal.
By doing this year after year we were able to completely pay off our mortgage in less than 5 years. 🏠

This was absolutely the best move for our family. What do you think? Pay off mortgage faster or invest in the stock market…which would you choose?
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Hope you enjoyed hearing Andy’s story be sure to check him out here:
💻 https://www.marriagekidsandmoney.com/
🎙️ https://www.marriagekidsandmoney.com/mkmpodcast/
#wealthhackwednesday #andyhill