3 weeks ago on Saturday 29th March 2008, I donned my "mortgage free quest" cape once more and set about showing week by week exactly how to Pay Off Your Mortgage in 8 Years or Less. I am currently aiming at beating my own record of 3 years LIVE for people to follow.
If you can make 3 small changes that add up to £10000 over 3 years then you are just 11 small changes away from £140,000 in the same amount of time. It's not magic, it's maths. The reason people find it so hard to believe, or tap into why they even need to think about becoming mortgage free is living by " way it's always been" teachings that haven't actually worked for years.
There is no guesswork involved, you do not need to be an expert to see that the ( in my opinion ) irresponsible lending of the banks and in particular the credit card companies has left us a legacy of ten years of borrowing instead of 10 years of growth. ( I'm not talking politics here, I believe everyone has the right to their own opinion including politicians ) however unlike the 80's we have merely been able to buy a lifestyle rather than create it.
It all starts and ends with financial education, or lack of it, hence my campaign to raise awareness to the need to bring financial education into schools. You can leave your vote on the Kids Money section of the Pay Off Your Mortgage Challenge website if you feel the same way.
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