Mortgage free life?

C

centsworth

Guest
I thought I'd share how we got to where we are .. mortgage free. I know our route isn't everybodies cup of tea, but heres our story in a nutshell.

We sold our city home and bought a rural cottage shell for 1/5 of the cost of of city house, hence no mortgage and some left over. Renovated with left over. Sold cottage for 3 times what we bought it for. Bought 2nd country house with some land and renovated. Still mortgage free and some left over. Looked at all our expenditure ... mainly food. We now grow all our meat and veg on our smallholding and sell surplus. We both do part time home based work to help ends meet.

Stressfull yes. Fun too. Living mortgage free though. Commuting time zero. Grow our own central heating fuels. Car fuel and clothes are now our only real expenses. Kids love the countryside, so do we. Life choice, not everybodies cup of tea as I said, but certainly ours.
 
Well, to be fair, it looks like he got a 'money makeover'........:)

Not everyones cup of tea alright, centsworth, but seems to me you have achieved the end result most moderate investors are seeking. Well done.
 
HI Centsworth

An interesting story.

How long ago did this happen? I don't know much about the back to the land movement, but I understand that quite a few people give up and try to return to the city. They usually find that city house prices have got out of reach and they are in more trouble.

Some, of course, have a great time and retire happily.

But you are a bit of a property developer as well. So maybe you have the funds to return, if that is what you want in the future.

Brendan

 
centsworth said:
I thought I'd share how we got to where we are .. mortgage free. I know our route isn't everybodies cup of tea, but heres our story in a nutshell.

We sold our city home and bought a rural cottage shell for 1/5 of the cost of of city house, hence no mortgage and some left over. Renovated with left over. Sold cottage for 3 times what we bought it for. Bought 2nd country house with some land and renovated. Still mortgage free and some left over. Looked at all our expenditure ... mainly food. We now grow all our meat and veg on our smallholding and sell surplus. We both do part time home based work to help ends meet.

Stressfull yes. Fun too. Living mortgage free though. Commuting time zero. Grow our own central heating fuels. Car fuel and clothes are now our only real expenses. Kids love the countryside, so do we. Life choice, not everybodies cup of tea as I said, but certainly ours.
Click to expand...

Well done Centsworth, nice story:)
 
Lucky you Centsworth, mortgage free, must feel wonderful!

I'm a lonnnnnggg way off that feeling!
 
Mortgage free, the dream for many. Like you I live in the country with a small paarcel of land. Considering growing my own vegs, but dont have green fingures, any tips?
 
I was all set to write "are you for real posting this in money makeover where people are looking for advice 'cos they can't afford to pay their mortgages!!! :mad:" until I realised it was an old post.
 
you say stressfull = yes. i am not mortgage free but dont suffer any stress at all
 
Try being a Liverpool fan when they crash and burn as always.. Sheesh as if the state of the country wasn't enough!
 
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