Got a raise today - more coin money??
Lakesammman
Posts: 17,438 ✭✭✭✭✭
Made it a priority to get the mortgage paid off this year and just made it under the wire today. Actually, it was the wife's priority......I don't mind debt. I figure if the bank owns the home, I can walk when the big earthquake hits.......
Feels like a big raise - more coin money!! 
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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Comments
congrats on a big feat. any ideas yet on your first purchase of a super nice coin?
Congrats, what plan does the wife have for your raise.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Congrats you have beat the odds (death pledge)....and the bank! Live free......well mostly.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
That's great congratulations. It's a great feeling to own your own home. I paid mine off two years ago and it's nice to have more discretionary income for sure! Now is the time to double down on your 401k!
Nice! I think we only have a couple more years on ours as well.
Congrats!
Awesome job! I still have a LONG way to go!
Methinks that the wife has other plans for your money.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Congrats @Lakesammman
I think that's great although some disagree
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Depending on the interest rate on your mortgage some will argue that mortgage debt is OK. However, I think it feels great to own your home free and clear. Congratulations.
it's crackers to slip a rozzer the dropsy in snide
Outstanding. Coins, coins, coins!
I paid my mortgage off about 10 years ago. I bought a rental house that almost doubled in value the 3 years I owned it. I sold the property, and rather than investing the money in an S&P index fund, I took the 150K and paid off my mortgage. Yes, I would be MUCH richer had I had the money in the Market for the last 10 years, but the feeling of not making a mortgage payment was worth it! Freedom!
Dave
Congrats! Now that is an awesome feat @Lakesammman!
Always good to get the mortgage paid off.
congrats on a big feat. any ideas yet on your first purchase of a super nice coin?
No, but will be scouring the bourse at FUN soon!
Yeah dude! Congrats! Huge accomplishment.
I always assumed the mortgage was invented by the Roman Empire or something but the modern mortgage was drawn up in the 1930s according to google. mort-Death-gage-Pledge. I like the idea that you can get in out of the weather while you pay for a home instead of tent camping till you have the full price. Gotta pay the rates for money to do it. I had mine figured out to know how many sq ft were mine each payment. Funny, with a few months left, the bank didn’t know how to make the last payments because it didn’t happen often enough. Our branch had to call an expert in San Fran branch at Wells at a certain time to get the interest to the penny and transfer that exact amount, or the interest would build up daily if we mailed a check and ping pong back and forth.
Now does it make sense to buy coins with a mortgage? Maybe if you get a 15yr instead of a 30yr one can line up the justifications. I would never pull money out of my home to put in the stock market, nor pay a bank interest to save on my taxes. Even if it pencils out, the psychological benefit of not having to crack that nut every month is one heck of a stress relief and frees up a lot of time one is working to pay that debt to do the things you love.
There is def gonna be some freed up capitol for new coin purchases!
Those less than 4% interest rates convinced me to take out a loan on my debt free house! I question myself sometimes but still think I made the right choice.
Congratulations and good for you👌👍
It’s time to relax and buy a VERY comfortable chair.
Congratulations!!! That’s fantastic!
About 4 years left for me. Can’t wait!
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
You cannot put a price on financial independence.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
No mortgage means property taxes. Plan accordingly. Depending on which State you reside in.
Regardless of whether one has a mortgage, there will be annual property taxes and the need for home owners insurance!
I’ll be selling my home in 2020 and will be looking to buy a place with the proceeds and be mortgage free. It will be a great feeling!
"Got a flaming heart, can't get my fill"
Congrats to those of you who beat me to it!
I already pay the taxes on my own - no need to give anyone a free loan 6-5-4-3-2-1 months in advance.
My 1.6% raise goes into effect tomorrow...
Congrats! Great accomplishment
I hope you get something memorable to celebrate the accomplishment!
"... if the bank owns the home, I can walk when the big earthquake hits......."
Hmmmmmmmm....
Great idea @Lakesammman
I'm sitting on ease the side of a hill in a place that gets a Big One every 800 years. It's been 1,100.
Time to re fi and buy more coins!
"Inspiration exists, but it has to find you working" Pablo Picasso
Wonderful! Nothing is more secure than being debt free! Congratulations!
Here's a warning parable for coin collectors...
Nicely done! What a great feeling it must be,,, I'm 2 years behind you,,, enjoy 2020!
Congratulations! Your wife is very smart......she’s a keeper!
We are very close as well, probably in 2020.
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
Congrats on the payoff! My wife and I have about $90k to go.
It's criminal how little of a mortgage payment goes towards principal. Always pay more than the minimum!
Collector, occasional seller
Congratulations on the raise to Ms @Lakesammman
I am sure she will put her money to good use 
I also plan to pay off my mortgage, just as soon as I run out of coins to buy.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
You spend enough on coins give the extra to your wife ( ask her if I said that right) 🤓
My mortgage is at 2.7%, I can't talk myself into paying an extra dime. I only have a few years left...I might refi it again if I could get 2.7 again. Lol.
My pension is direct deposit my mortgage is auto pay. I don't even think about it.
WTG! Doesn't it feel great?
I did what @Catbert is planning. Sold in 2015, moved, bought another house outright. No debt at all.
OTOH, I live in CA and pay a huge property tax, crazy HO insurance (because CA is usually on fire), and the state sales tax is absurd. Probably should have moved to Nevada.
Lance.
Congrats!! My wife and I are savers, and followed Dave Ramsey. We paid ours off last year, at age 34! Of course, it's a small house, and we will probably want a larger one some day, but debt free feels great. We have some rental property that we are also aggressively paying down. Currently 8 years left on that!
Congrats!
Awesome!!
Congrats!!!!
The #1 reason I slowed way down in coin buying was to stop paying the stupid-tax on debt interest. We made huge progress this year and should be done in a couple of years with the house and everything...... then toying with the idea of really throttling back (easier said than done), quasi-retitement, or something similar. Lately work has been all-consuming with 60-70 hour weeks, nights, holidays, and weekends. I was operating on a trauma when Christmas Eve rolled into Christmas....... The money is great but this surgeon job can suck the soul out of you.
BryceM - I hear you - slowly throttling back and will go part time in a year or so.
Enjoy the movie - get off the phone and enjoy the family!
If you live in California I hope you have earthquake insurance with 100% equity in your house.
Congrats, debt free is great, I paid the house off years ago. Property taxes are steep in these parts.
Great job!!!!! Now sock away as much as you can. Don't spend any on coins until you have a heavy bank account. Save save save.
Congratulations! You did good.
Hi Bryce. My son has been interviewing for a surgery residency and either wants to be a pediatric or trauma surgeon. He’s got a loooong road ahead!
"Got a flaming heart, can't get my fill"
Great job!!!!! Now sock away as much as you can. Don't spend any on coins until you have a heavy bank account. Save save save.
Nawwww - gonna enjoy it instead of giving it to my in-laws or my wife's new husband should anything happen to me!
I will give him the same advice I give everyone. If you absolutely have to do it to be happy, then do it. If there’s any other possibility, do the other thing. It’s a great job, but it comes at a tremendous personal cost.
Good stuff, eliminating debt is so gratifying. Happy New Year!
Congrats. That is a major accomplishment for most people. I remember paying off my 1st home in 1994. Back in 1987 when I took out the loan interest rates were crazy high. I remember it was 16.75% Can you imagine trying to pay for a nice house with that kind of interest?