I Paid Off The Mortage at 36
Here’s how I did it, despite low earnings
I paid off my mortgage by the age of 36 by practicing careful money management all through my youth. I worked hard, long hours, when I could find work. But I did have trouble getting work at times, which meant I felt I had to save harder when I finally did find employment.
Before buying a house, I invested my modest earnings for maximum growth. This meant I had to live carefully, spend little, and make my money count for as much as possible.
Rather than spending my money first and saving what was left, I saved first and only spent on absolute essentials.
I lived with my parents until I was married, and had to pay them rent, but I still squirreled away what I could towards a house deposit.
I invested my savings wisely, for growth. I invested in managed funds of stock market offerings in a range of diffeent sectors, spreading my risk. I created some good habits, which I continued and kept me financially solid.
I watched my savings grow threefold and more — until I had a big deposit for a house. That’s how I got on the housing ladder. Then I continued to live carefully until I’d paid off my mortgage at the age of 36.
Some of my methods of saving were extreme, and I do regret not doing more when I was younger because I was saving too hard. But most people don’t save at all and there’s a balance to be struck.
Read about how I started my investment journey here:
