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Optimal Relationships Daily - Dating, Marriage & Parenting

1968: Life After The Mortgage is Paid Off by Andy Hill of Marriage Kids and Money on Financial Freedom

Nov 19, 2023
12:20
Snipd AI
Andy Hill, husband and father, talks about life after paying off the mortgage. Topics include financial security, investing, saving for upgrades, charitable giving, entrepreneurship, and deepening relationships through Masterclass.
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Podcast summary created with Snipd AI

Quick takeaways

  • After paying off the mortgage, the freedom to allocate extra money allowed the family to travel more and create lasting memories.
  • Becoming mortgage-free provided the opportunity to invest more in retirement plans, healthcare, college savings, and early retirement.

Deep dives

Life After the Mortgage Is Paid Off: Vacation More

After paying off our mortgage, we had extra money to allocate each year, allowing us to travel more as a family. We went on all-inclusive vacations, visited different destinations, and made use of travel rewards and airline miles. We now allocate 10% of our annual budget specifically for travel, depositing money into a high-yield savings account. Our mortgage freedom has given us the ability to explore the world and create lasting memories.

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