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<p>[QUOTE=&quot;masterswimmer, post: 24896269, member: 102022&quot;]Back in 2011 my wife and I decided to live on an austerity budget for ~10 years. We refinanced our mortgage to help our kids with some college debt. We took out a 10 year refi at 2.875%. We accelerated that 10 year mortgage to pay it off in 8.5 years. So back in 2019 we got to burn our mortgage documents (figuratively, not literally).</p><p><br /></p><p>So our kids student loan debt was paid off, our mortgage was paid off, zero CC balances, no car loans, and it feels incredible. Not only does the elation of being debt free lift our spirits, but the additional investible cash has permitted us to accelerate retirement.</p><p><br /></p><p>Everybody has different triggers to happiness and freedom. Ours was the light at the end of the tunnel during the 8.5 years of putting every available cent towards our mortgage, while not using charge cards to sustain our day to day life. Don&#039;t get me wrong, those 8.5 years was a sacrifice. We took one extravagant vacation to Korea for our sons wedding. Other than that, our passports expired with only that one international stamp in it. Cars were not luxury. Meals were cooked at home with dining out reserved for special occasions. We bit the bullet for the 8.5 years. But looking back, it was soooo worth it.</p><p><br /></p><p>Do what&#039;s right for you? Nobody can tell you what your recipe to happiness should be. Maybe they can give you various options to consider, but in the end you not only have to be the one to decide which is right, but you have to be the one to execute the plan.[/QUOTE]</p><p><br /></p>

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