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If You Burn It, I Will Come...

Last post 11-03-2007 2:31 PM by Amy B. 14 replies.
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  • 10-26-2007 3:21 PM

    If You Burn It, I Will Come...

    A new DebtIntoWealth client writes...


    "Greg,
     After reading through the program twice... once by myself and then with my husband... Just let me say, 'thank you!'  This is a God send. We are so excited and READY to do this. It will take time but that is just fine! 

    9 years or less is better than 30! 

    And my husband said, 'Do you think he would really come to our mortgage burning party?'  

    I do hope you will. And we will proudly stand next to you and all the nay Sayers. As a Christian I thank you and praise God for this program... Excuse me, this NEW WAY OF LIFE, DEBT FREE!!!!!
     
    Tony & Danielle
    Idaho"

    One of the indescribable joys of completing your journey to Debt-Freedom is sending your final payment to your mortgage company more than two decades early; then setting fire to -- copies of -- all of that, now powerless, mortgage paperwork.

    Just remember, as you're approaching payoff, get instructions from your mortgage company on the proper steps you must follow to guarantee you don't pay a dime more interest than necessary. My wife and I chose to wire final payoff directly from our bank to their bank so as not to lose time and pay interest while a certified check wound it's way through the mail.

    If you feel like having a mortgage burning party, whooping-and-a-hollering, dancing on the ceiling, do it! After all, it's now truly your home.

    If you're a client and you send me an invitation, I'll come.

    For those of you who've already paid off your mortgage, how did you celebrate? And for those who are on the path to paying off your mortgage, have you calculated how soon you can have your party?

     

    -------------------
    Greg Moore is the Creator of the Wealth Building System
    'DebtIntoWealth -- Lessons from My Journey to Debt Freedom'

      'I finally see a light at the end of the tunnel and this
        time it's not the train coming at me! My Debt-Free
       date for my $54000 is January 2010.  That's only 3
        years away!  Not bad for a single mom with no income
        but my own.' -- Dianne D., Texas.

    Get LESSON 1 FREE now:
    http://www.debtintowealth.com/stretcher.html

  • 10-26-2007 5:24 PM In reply to

    • Edey
    • Top 10 Contributor
      Female
    • Joined on 09-10-2007
    • Los Angeles County, CA
    • Posts 1,924

    Re: If You Burn It, I Will Come...

    We didn't have a party, (no one around to invite) but we took a day and went to a big Indian casino about 2 hours from here and put some quarters in their machines, had a great lunch at the buffet, then did some fun shopping afterwords at a nut and fruit shop. To us putting some quarters in a machine is no different than paying to see a movie or a high priced play once in a lifetime; we do it for entertainment and nothing more. We greatly enjoy the buffets that the larger casinos have and we go for that as much as the slot machines. And the wonder of it all. Those places are HUGE!   E 

    Officially Recognized Stretchpert in Hobbies and Crafts

    Edey's Vintage and Current Needlework Blog

    Life is like a quilt - it is made beautiful from all the little pieces stitched together.

    Save Electricity! Use a HandCrank!
  • 10-26-2007 7:13 PM In reply to

    • Pat
    • Top 10 Contributor
    • Joined on 03-06-2007
    • Colorado
    • Posts 6,636

    Re: If You Burn It, I Will Come...

    My "party" was very quiet, there was no one around but me and my daughter. I was probably too ecstatic to be good company, anyway! Big Smile 

    Community Facilitator
    (Doesn't that sound impressive?)
  • 10-27-2007 9:56 AM In reply to

    • rolo
    • Top 25 Contributor
      Female
    • Joined on 04-04-2007
    • Standing in the SONshine...
    • Posts 1,016

    Re: If You Burn It, I Will Come...

    We aren't debt free yet but are getting there--for the first time in 30 years we can actually see the END of the tunnel!  It is a great motivator and peace of mind maker to know there IS a different way to live and handle money. 

    We aren't a client of yours but kudos to you and other financial planners who teach DEBT FREEDOM--which is the ONLY true financial freedom there is.  

    In the Bible it says that Satan is attractive to us--in our culture he comes in the form of financial bondage through use/misuse of consumer debt, imho. 

     

    rolo4evr

    Matthew 6:25-34 Do Not Worry

    25"Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more important than food, and the body more important than clothes? 26Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? 27Who of you by worrying can add a single hour to his life?
  • 10-27-2007 10:37 AM In reply to

    Re: If You Burn It, I Will Come...

    It will be a long time before we have a mortgage burning party! Since we are only 5 yrs into our 25 yr mortgage. Hopefully we can pay it off sooner.  We don't have write offs for mortgage interest so we don't get that type of advice :)

    My Family's Interests
  • 10-29-2007 3:57 PM In reply to

    Re: If You Burn It, I Will Come...

    If we had stayed in our first home that we bought in 1995, we would would have it paid off by now!! But nooooo dh wanted to farm so farm we did and lose our shirt we did, so now we are back into a house with a 30 yr mortgage that we have almost 5 yrs paid on and the light at the end of the tunnel keeps moving.

    Michelle in Northern Michigan
    Officially Recognized Stretchpert in Self-Sufficient Living

    Michigan...Number 1 in Unemployment! (might as well be number 1 in something...)

  • 10-29-2007 5:48 PM In reply to

    Re: If You Burn It, I Will Come...

    Cinnamonhuskies:

    If we had stayed in our first home that we bought in 1995, we would would have it paid off by now!! But nooooo dh wanted to farm so farm we did and lose our shirt we did, so now we are back into a house with a 30 yr mortgage that we have almost 5 yrs paid on and the light at the end of the tunnel keeps moving.

     

    Hindsight is always 20/20.  DH and I could have done alot better, too.  Hang in there Michelle.  Ya'll are in my prayers.

    Michele 

  • 10-29-2007 7:11 PM In reply to

    • Brandy
    • Top 10 Contributor
    • Joined on 03-28-2007
    • Saving in South Louisiana
    • Posts 8,141

    Re: If You Burn It, I Will Come...

    Cinnamonhuskies:
    But nooooo dh wanted to farm so farm we did and lose our shirt we did
     

    ...But you know where your food comes from?

     

    Your Dollar Stretching Assistant Community Moderator and Officially Recognized Stretchpert in Homeschooling




    "For the sole true end of education is simply this: to teach men how to learn for themselves; and whatever instruction fails to do this is effort spent in vain."- Dorothy Sayers

  • 10-29-2007 9:23 PM In reply to

    Re: If You Burn It, I Will Come...

    We have made a quite a few financial boo boos in hindsight! live and learn~

    My Family's Interests
  • 10-30-2007 12:27 PM In reply to

    Re: If You Burn It, I Will Come...

    Brandy- by farming I meant we were were on a 50 acre farm for a few years while trying to actually make money at it. The only way you can make money at it is to have everything paid for, equipment included. No one can start farming from scratch anymore and make a living at it. You'd need 250K in start up costs alone.

    Michelle in Northern Michigan
    Officially Recognized Stretchpert in Self-Sufficient Living

    Michigan...Number 1 in Unemployment! (might as well be number 1 in something...)

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