So you’re ready to pay off your mortgage?! Congratulations!
There are some important hoops you have to jump through to make this momentous occasion official. After all that hard work in paying your monster loan, let’s make sure you cross all your “T’s” and dot your “I’s”.
A major step in becoming a young millionaire is tracking your net worth. On the other hand, wealth building is not all about the numbers.
Our guest today, Adam from Minafi, sees wealth building as a way to travel, explore the world and create lifelong memories with his wife. By securing solid financial footing in his 30’s, Adam has been able to realize those dreams early in his life.
Our first question of the month is from Brian from Michigan:
After reading one of your millionaire interviews, I found your debt freedom story and your path sounds like mine.
My wife and I have gotten serious about paying off our debt after we learned she was pregnant 6 months ago. We are now nearing the debt-free finish line. Only two more months to go and we’ll be student debt free, car debt free and credit card debt free … really all debt free outside of our mortgage.
All in all, we’ll have about $600 extra each month when we’re done. Outside of going on a weekend getaway to celebrate (no drinking because of the baby *snap*), we want to keep building wealth. Any suggestions for the extra cash each month that will keep moving us forward?