Fcubed: Finding Financial Freedom

I am tired of working at a large corporation, so I'm going to quit. But first, I need to become financially independant. Follow my journey to financial freedom.

Thursday, September 10, 2009

Update on the year's worth of condo mortgage payments

So far...



I already have $12,000 in company stock that is going towards the 1 year's worth of mortgage payments.


I set up automatic money transfers to go from my checking account to the mortgage checking account. I'll do this until I have $6000 (3 months of payments). I'll leave that in cash in case I need to replace a heater or something in the condo.


I set up automatic money transfers to go from my checking account to my Charles Schwab account - $100 monthly. I figure I'll keep this up until I have $6000 in there. In the meantime, I'll go ahead and invest that money until I need it. So far I have $200 in there.


So, for the year's worth of mortgage payments, I have $12,200 already, and I have $11,800 to go!
Posted by No Mortgage No Rent at 9:04 AM

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I spent 2002 through 2003 paying off $20k in credit card. I was able to do it in 1 year. Now I want to find financial freedom by weaning off my corporate paycheck. Let's see if I can reach my goal of NO MORTGAGE NO RENT

A Year's Worth of Mortgage Payments

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