Financial Samurai 2022 Year In Review And 2023 Goals
The Financial Samurai Podcast
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Paying Off Your Mortgage
We paid off our Lake Tahoe vacation property mortgage we bought in 2007 bad timing it's been an albatross on my neck. We now have 2,500 more a month in cash flow which is what is that 30,000 a year and also weren't you tacking on an automatic a thousand dollars a month to principal yeah extra so that's $3,500 a month in Cash Flow. If you paid down even 0% right debt you outperformed the S&P 500 by 20% because that's how much the S&p 500 went down. Overall I would give 2022 a B plus we didn't make any money but we progressed in terms of our health and our family
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