On our Mortgage Freedom Series today, we’re going to interview a couple that paid off their mortgage in less than 3 years and is now one step closer to financial independence because of it. Julien and Kiersten Saunders are my guests today and they are the creators of Rich and Regular, a hot new personal finance media brand that is growing in popularity because of its honest, informative and relevant approach to money.
Julien and Kiersten’s story and advice have been featured in big publications like the New York Times, MarketWatch and Forbes. And when they’re not talking about money, they’re traveling the world and raising their son in Atlanta.
About a month ago, my wife Nicole and I were at a wedding for one of our good friends. At our table, I struck up a conversation with a random guy named Victor Mangona. I discovered that Victor and his wife Kate are both doctors and they live in a swanky part of Dallas called Highland Park. Victor and I got to chatting about their adventures in real estate investing as their new side business.
My mother-in-law, my wife Nicole and I were standing in our kitchen the other day catching up on life. In conversation, Nicole brought up the fact that we’re one year away from paying off our mortgage and we’re excited to see what our life is like when we’re completely debt-free. Our plans for annual vacations with the kids, starting a business and saving more for retirement all came up.
My mother-in-law was very interested in our decision and asked:
“Don’t you need to keep your mortgage for the tax benefits?”