Quote:
Originally Posted by albertGQ
Paying off your mortgage by 35? Wow. That's pretty tough IMO.
I'm 33 and nowhere near paying mine off.
|
I won't quite make it at 35, but my mortgage will be paid off by the time I'm 37, and I'm most definitely
not in the CalgaryPuck $100k+ Salary Club.
Granted, my wife and I made some money-saving lifestyle choices that I assume would be completely unpalatable to many posters here: we're child-free by choice, we live in a smallish inner-city condo, and we walk/bike/take transit to work. Not having expenses from children and the total cost of ownership of two cars that would be necessary if we bought a home in the suburbs instead of the core leaves us with more than enough money to aggressively pay down our mortgage, max out our TFSAs, and contribute 15%+ of our gross salaries to our RRSPs. And we still have enough leftover to dine out at nice restaurants 2-3 times per week.
I realize that lifestyle isn't for everyone, though. It certainly wouldn't be possible if we wanted children.