A mortgage is designed to be paid off over a long period of time, typically 25-30 years. Although I have heard stories recently of people electing to take their mortgage out over 40 years. In my experience as a financial coach I have helped people who were on track to have their mortgage for 40-50 years. Imagine that – taking out your mortgage when you are 30 years old and not being able to pay it off until you were 80! Ouch.

One of my goals is helping people to identify what financial freedom looks like and how to get there. For me one of the key priorities in financial freedom is releasing the shackles of debt; that is, breaking out of the mind-set of a “debt culture” and working towards building wealth. One of the quickest ways you can build wealth is to pay off debt.

My intention in this article is not to be morbid or melodramatic, but it’s my experience that almost all home owners with a mortgage fall into the trap of making their mortgage a permanent family member! How do they do this? They allow the Amortization Schedule to dictate the rate at which they pay off their mortgage – and this is the VERY SLOW way to be mortgage free.

Have you ever seen or heard about mortgage software? Have you seen the adverts for the expensive software that will pay your mortgage off for you? Firstly, don’t be fooled. Secondly…

Today’s video is all about making sure you do not get “tricked” into keeping your mortgage for 50 years. I want to share five thoughts that will help to get you on the right track to becoming mortgage free. This blog is all about how you can take the control back and I have a few concepts that will help you to do this.

Many people have probably heard scary stories about home equity loans, and there is good reason for that. Hear what I have to share as I challenge your thinking and encourage you to reduce your mortgage faster.

In this short video Phil Strong outlines the five essential steps to getting on the right track to becoming mortgage free. This is a huge target for many homeowners and one they feel they may never reach. But the good news is it does not have to be that way forever!

This Video focuses on Mortgage Reduction and challenges you to think about WHY you would do this and HOW. Watch, enjoy, and comment.

Do you know the feeling, the excitement of moving into your new home?  If you own a house you know what I mean.
We have upgraded our home a few times.  For me there’s a real euphoric feeling the first day we move into our new house.  Words like joyful, elated, excited, exhilarated, even ecstatic come [...]