Do you own your home?

According to the latest US Census, 67% of us own our home, but let me challenge the definition of own a home. If you have a monthly mortgage payment, do you really own your home? Or does the bank own it?  My idea of home ownership means having no more mortgage payments. Those who lose their income for an extended period of time and experience a foreclosure learn the hard way that they were not really a homeowner.

You might be surprised to learn what % of homeowners own their home free and clear with no more mortgage. Nationwide the average is 29%. It is certainly possible for you to be one of the 29%. How would your life be different if you had no more mortgage? What would that mean for your future?

Previous to the last three decades, it was a common goal to purchase a home and pay off your mortgage as fast as you could. You would invite family and friends to the mortgage burning party. I believe that the current housing crisis is a wake-up call to get back to what should be our roots. The first step is to have a goal and a plan to rid your self of consumer debt, and then pay off your mortgage. If you don’t believe that achieving that with your current income in the next nine years or less is possible, you are simply part of the misinformed masses. Unless you have a goal and a plan, you will never get there.

Lets make today the day you set a goal to eliminate all of your debt (including your mortgage) within the next nine years. If that seems impossible, it is time to be enlightened and adopt a plan to achieve it.

Sincerely.

Larry Ruff
President
NO MORE Mortgage

Related posts:

1. Do you have a Mortgage?