How l paid my own mortgage off in five years or less

How l paid my own mortgage off in five years or less


How l paid my own mortgage off in five years or less.This is a step by step plan on how l paid my own mortgage off in five years or less l can still remember the exact day that l decided to pay my mortgage off.

This was the day when jim rohn was talking on a tape in the back ground talking about goal setting and he stated some facts that got my attention he stated that 97% of the nation didn't set any goals at all.This got me thinking because my present position at that time was pennies in the pocket creditors calling,something had to change to enable me to pay off my mortgage.

So that night i decided there and then to put together a action plan on how to pay my mortgage off at that time i had a $60.000 dollar loan.My own finances were not in good shape my out going at that time were greater than my incoming at that time.So if you were thinking l was in a good starting position at that time you couldn't be further from the truth.

That night my wife and l worked out a plan on how much money was needed to enable us to pay off our mortgage in five years or less.After doinging all our sums it worked out we need to find a additional $10.000 dollars a year.This was going tobe a tall order for myself and my wife we didn't have any children at this time.

We wrote down all our expenses looking into all area's of our finances to enable us to find this extra $500 dollars a month.It worked out that we found $300 dollars in cutting back on things we didn't need such as takeaways'holidays,clothes,you get the idea.We still needed to find a extra $200 dollars a month in order for us to achieve this goal we both worked so we fiqured out we need to get another source of income.

We started a carpet cleaning business we brought a carpet cleaning machine and l would go cold calling for business why am telling you this bit you need to keep to your goal what ever comes in your way to enable you to achieve paying your mortgage in five years or less.so the plan is this

1 set out a plan
2 reduce your expenditure
3find extra income if you need to
4 pay off your mortgage at the end of your financial year
5 repeat this process untill you reach your goal.