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  1. Charred by FIRE

    My mortgage must die

    Thanks! 6 years ago, I was only making $12/hr ($9.30 in US dollars) but I was bound and determined to buy my own house. I did buy one, but I had to be very frugal to make ends meet and pay the bills. I learned a lot about what you really need and what you can do without during that time. Now I...
  2. Charred by FIRE

    My mortgage must die

    That makes sense. Despite my complaints about my job, I doubt I would get laid off in a crash because we make medical supplies. People will stop buying things in a pinch, but they'll never stop getting sick. So I feel more comfortable having a little less in liquid assets. The 10k I have saved...
  3. Charred by FIRE

    My mortgage must die

    Thanks San Jose, I do have a nice cushion saved up of 10k (index invested), and I'm trying right now to move into a different department at work. I've tried before, but this time I have a little more seniority so hopefully it works. It's not just my job that makes me want to move, I live in...
  4. Charred by FIRE

    Torrez Family Mortgage Pay Off

    Wow 18k is a lot! Your mortgage balance is very similar to mine... wanna race?
  5. Charred by FIRE

    When did you decide that the mortgage had to go?

    When I realized that after 6 years of having my mortgage, I had paid the bank over $25,000. The interest rate number is low, but that number is very, very high... higher than the principle that was payed off. I hate my job, and I can't justify giving the bank that much of my hard earned money.
  6. Charred by FIRE

    My mortgage must die

    Thanks for the compliments MTorrez! I have tried out FIRECALC before, and if I keep my spending low (in costa rica it's possible to live off of 1000 per month if you live as a minimalist) then I have a 100% chance of success. That's if I just rent and don't buy, but if I buy a place my expenses...
  7. Charred by FIRE

    My mortgage must die

    Hi all, I joined the FI bandwagon last June and I'm currently trying to fast track my mortgage payments so I can be mortgage free by 2022. I bought my property 6 years ago for 230,000. Because of the booming housing market in ontario, It's currently worth around 370-400k. I'm hoping to sell it...