What would you do if you didn’t have debt?
In July of this year, I completed my goal to get rid of my $40,000 student loan debt. It felt amazing. However, we still have a mortgage.
If we didn’t have a mortgage payment each month, we would be freeing up around $1,000 each month and we could put that towards something else.
If we didn’t have the mortgage, I imagine that we would be putting a lot more towards retirement. Not too exciting, I know.
However, if our case was different and we still had student loans as well, I probably wouldn’t have left my day job to work full-time on my business.
Would you pay off your mortgage if you could?
Something that I am asked often is if we are starting to attack our mortgage.
Nope, we are not.
We are not attacking our mortgage because we know that we don’t want to live in our current home forever. Also, up until earlier this year, we were actually actively looking for a new home.
I do think that the case would be different if we were in our forever home. I would want to attack the mortgage and get rid of it immediately.
If you could live anywhere in the world, where would you live?
If I could pick up all of my friends and family, I would bring everyone to Hawaii. I would want to live somewhere with great weather and a beach nearby. I also want to be near the ones that I love though!
What would you do in life if you know for a fact that you would succeed?
I feel like I’m already doing what I want to do. My business allows me to pursue my passions outside of work, and the work is something that I enjoy doing. I don’t ever dread the next morning. Instead, I really look forward to it.
If you were to travel for 2 months, could you bring just a carry-on suitcase?
This is something that I really want to be able to do for when we go on our long trip. This way I won’t have as much to lug around, and I also don’t have to worry about luggage getting lost. Then, I could also buy a bag to check wherever I go to bring all the awesome stuff that I buy back home.
What is your largest personal finance mistake?
Hmmm… My largest personal finance mistake would be that I took out way too much in student loans. Yes, they are gone now, but I took out extra just because I could. I can only imagine how much less that I probably would have had if I didn’t take thousands extra out.
What’s the last GREAT deal that you received?
We recently had carpet installed in our living room for around $500. Super cheap if you ask me. It was supposed to be about double but they didn’t charge us to lay the tack strip down. We also waited a long time after they gave us a quote. We didn’t do that on purpose, we were just super busy. I guess they thought we weren’t interested though. They kept calling us until they were at their lowest offer!
What’s your best tip to work and travel at the same time?
I made a post on this the other day, and I would love tips from everyone else! Read My Plan To Work and Travel on Diversified Finances.
Now, answer away!