Millionaire who bought a home at 26 regrets paying off his mortgage early: 'This is the biggest downside no one tells you'
www.cnbc.com
If you're trying to pay off your mortgage early, good for you. I bought my first home at 26 and did it in 12 years. But here's the biggest downside no one tells you.

The downside in the article is that if you live comfortably with your needs met, you lose your motivation to "hustle". :hahaha:

  • MoralisticCommunist [he/him]
    ·
    4 years ago

    To reward ourselves for paying off the mortgage, my wife and I also took a month-long trip to Asia. We visited friends overseas and saw the Ruins of Angkor in Cambodia, then spent weeks camping in Yosemite. After that, we flew to New York for two weeks to watch the U.S. open. We spent more than $10,000 on the entire trip.

    It was a lot of time off — so much, in fact, that I was behind by $50,000 on my goal to reach $200,000 in annual passive income.

    Lol how sad that you are only earning $150,000 doing nothing instead of $200,000 :sad-boi: