That paid off notice is so wonderful. We didnt pay it off early, but our home is paid off. I thank you for being so transparent with your plans to pay off the mortgage. I think it helps a lot of people to realize that it is possible.
As daddy always said "plan your work and work your plan". You are doing great and have a wonderful plan. Paid our house in 15 vs. the 30 year mortgage we had - and what a blessing. No regrets at all.
Thankfully Our house is now fully paid off - and truthfully you will never once regret scrimping and saving to pay your mortgage down quicker. May I suggest to put a motivational chart on the fridge to encourage you each month, each small extra payment you make, spurs you on to find other ways to save on the everyday things in order to send off the next extra payment, Maybe you could ask family and friends for seeds and plants for Christmas and Birthdays. & Make up hampers from your home made produce to give out as presents instead of spending on gifts.
We just refinanced our mortgage last week. We removed some equity to fully pay off debt. Now onto building our emergency fund from scratch as well. Thank you so much for being honest and vulnerable sharing. It is so encouraging to know I am not alone. We moved to the country 5 years ago and one thing that took some.time for us to learn is what money we needed to set aside each month for those annual or semi annual expenses that living with animals and in the country require. For us that means considering hay, straw, etc.
Pear butter is DEFINATELY on the docket! We go through a lot of jams so I am going to focus on apple and pear butters to put away. Yes! We are so excited for fresh eggs and plan to sell at the end of the road. We are on a busy road so anything sold at the driveway should do well. Good for your granddaughter! A budding entrepreneur! Yes exactly! My husband does woodworking so could make those. Thank you so much! We are excited to bring it back to life!
Living out in the country can be a bit challenging in the winter. I would ask your neighbours if power outages are common in the winter. If they are, I would invest in a generator to power your well and some outlets. Where we are the storms can bring down the power lines, and if it's a bad storm with snow and ice we can be without power for a while. You can cook on a wood stove, but no power means no water. We don't use our generator often, but it's definitely been a wonderful thing to have. We run our well, power our fridge and freezers and have some outlets on it. Good luck in your new home!
We paid off our mortgage early too, and like others have said, it is the best feeling to sleep in the house that you have paid off! One of my more financially successful ancestors who was self-made and lived through the Great Depression said never invest anything in the stock market that you can't afford to lose. I took that to heart and did not play the debt game. I'm not a big risk taker. It's great that you have multiple income sources and ideas for more. Not of Facebook much, but I found you and am following now. Hope that helps. Love your updates!
I paid my house off 3 years ago when my husband passed away. He had a long term cancer journey and I got life insurance, 401K etc we talked about what I should do long before he died and that was one thing he emphasized was paying off the house. His CEO tried to talk me in to investing but I stood firm and said "this is what my husband wanted me to do". I have no regrets it is the best feeling ever. Anna In Ohio
Good morning, Amanda! This is so exciting to see all the work you all have already done. We are about to pay off our 30 year mortgage in 12 years. Best wishes!! ❤❤❤
We paid off our mortgage 18 yrs ago, we took an IRA and by paying extra payments we paid it off in our late 40's and it was the best decision we made. We only had a 15-yr mortgage and paid it off in full in less than 5 yrs. We've done all of our own remodeling and just finishing up our last big remodel, the bathroom, which was a total gut job and all new sewer line and water lines. Isn't it a blessing to have the talent to do your own work? So happy for you and family, perfect timing in the economies around the world now to be able to raise and grow your own. Wood heat is so much warmer than natural gas or propane, we heat our 1910 farmhouse with a more modern wood cook stove.
If you take some of the apples and pears and make applebutter and pear butter those are good sellers at our farmers market. One lady actually gave me her pearbutter recipe as I was the only one buying it every week and she was going to stop making it and just do apple butter. I can come to her place and harvest pears next year. My husband even prefers the pears. I bought her last 7 jars this last week and 5 jars apple to get thru the year. Get plenty of those hens grown and laying. I pay my granddaughter the store price if $8 a dozen for pasture raised and organic eggs. I know they are pasture raised as she has a huge moving enclosure that she moves daily. They also get alot of scraps and ground up egg shells. She does pretty well except when it was getting over 100F here. Those girls went on strike. You have a treasure for a piece of land that is going to be very fruitful. You and family are turning it into a paradise. Don't feel bad about the kitchen. If anything just new doors and hinges. The drawers can be swapped out for newer gliding drawers. I'm still waiting on mine but I make it work. Take good care of septic tank. If it goes bad that is an expensive fix. Fifteen years ago I had to replace the septic tank at our family cabin to be able to sell. It was close to $15,000. Of course that is California and ridiculously overpriced. But the old was almost 50yrs old too.
I’m so happy to have found someone doing a similar thing. ❤ We opted to buy cheap land and build with cash every month as we can. So it’s a slower, less comfortable start but we’re getting more comfortable now about 11 months in.