Are you unable to stay the course? Many people have difficulty with this when it comes to completing a task. Somewhere along the way, for whatever reason, they give up, never to reach their goal.
It happens for big things and small things. For things we would consider hard and even for things that might be easy. Whatever the goal, it’s challenging to push through and achieve the success you are looking for.
I remember years ago when I shared that we had finally paid off our mortgage early and the four big reasons why we did that. Many people on this blog and on my Facebook page were excited for us. Believe me, so were we. It had been a conviction of our to push through that final debt and knock it out in the span of four years.
But I also remember some of the comments shared with us were from people who were discouraged. They talked about how long it would take them to pay off their mortgage and that they couldn’t imagine ever reaching that goal. To them, our victory was a reminder that their end was nowhere in sight.
If you feel that way, like the end is never going to come, I’d like to encourage you by saying three things:
After we bought our first house, I began to look into this issue. I read many opinions and ended up agreeing with the major arguments for NOT paying off the mortgage early. These points seemed solid to me. The logic goes like this:
So, you are ready to take the rental real estate plunge and become a landlord. Awesome! I hope that you have come to that decision by desire (you really want to do this) and not by necessity (you were forced into it because your house wouldn’t sell). One of those scenarios (hint: the first one) generally works out better than the other.