Comments on: How I Paid Off My Mortgage in 38 Days http://www.debtreductionformula.com/blog/how-i-paid-off-my-mortgage-in-38-days/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 05 Mar 2010 09:37:31 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan Healy http://www.debtreductionformula.com/blog/how-i-paid-off-my-mortgage-in-38-days/comment-page-1/#comment-53554 Ryan Healy Mon, 08 Jun 2009 22:50:16 +0000 http://debtreductionformula.com/blog/?p=48#comment-53554 @BoomBakalakMan - My religion didn't do anything; God did. I know it's hard to understand if you're not a person of faith... my story may be even a little offensive... but I must speak the truth. And that is, God told us to sell our house. We stepped out in faith and God brought a buyer. He did it. We just happened to listen and obey to what God said. It would actually be easier to say I did this or I did that, that I'm the one creating these outcomes in my life. But I'm not the one doing it. Just know this: God loves you. Jesus loves you. He wants the best for you. And one way or another, you'll come to know him for who He is. He truly is a God of love. http://www.secretevangel.com/love.html Ryan @BoomBakalakMan – My religion didn’t do anything; God did.

I know it’s hard to understand if you’re not a person of faith… my story may be even a little offensive… but I must speak the truth. And that is, God told us to sell our house. We stepped out in faith and God brought a buyer. He did it. We just happened to listen and obey to what God said.

It would actually be easier to say I did this or I did that, that I’m the one creating these outcomes in my life. But I’m not the one doing it.

Just know this: God loves you. Jesus loves you. He wants the best for you. And one way or another, you’ll come to know him for who He is. He truly is a God of love.

http://www.secretevangel.com/love.html

Ryan

]]> By: BoomBakalakMan http://www.debtreductionformula.com/blog/how-i-paid-off-my-mortgage-in-38-days/comment-page-1/#comment-53469 BoomBakalakMan Wed, 03 Jun 2009 02:06:47 +0000 http://debtreductionformula.com/blog/?p=48#comment-53469 YOUR ONE IDIOT MOTHER FUKER... BELIEVE EVERYTHING IS HOLY... FUKING PRICKKK WAKE UP AND FACE THE REALITY. STOP SAYING YOUR RELIGION DONE THIS AND THAT... STOP BEING SUCH A FAGGOT... BE A MAN AND SAY IT HAPPENED COZ OF SOME ACTIONS YOU TOOK. YOUR ONE IDIOT MOTHER FUKER… BELIEVE EVERYTHING IS HOLY… FUKING PRICKKK WAKE UP AND FACE THE REALITY. STOP SAYING YOUR RELIGION DONE THIS AND THAT… STOP BEING SUCH A FAGGOT… BE A MAN AND SAY IT HAPPENED COZ OF SOME ACTIONS YOU TOOK.

]]> By: My 5-Step System for Paying Off Debt | Debt Reduction Formula http://www.debtreductionformula.com/blog/how-i-paid-off-my-mortgage-in-38-days/comment-page-1/#comment-30051 My 5-Step System for Paying Off Debt | Debt Reduction Formula Mon, 30 Jun 2008 18:24:40 +0000 http://debtreductionformula.com/blog/?p=48#comment-30051 [...] I sold my motorcycle (even though I didn’t want to). And we even sold our house and got a rental near our parents. (We still have the van and the loan attached to [...] [...] I sold my motorcycle (even though I didn’t want to). And we even sold our house and got a rental near our parents. (We still have the van and the loan attached to [...]

]]> By: How to Decide Whether to Rent or Buy | Debt Reduction Formula http://www.debtreductionformula.com/blog/how-i-paid-off-my-mortgage-in-38-days/comment-page-1/#comment-16352 How to Decide Whether to Rent or Buy | Debt Reduction Formula Fri, 25 Apr 2008 15:16:33 +0000 http://debtreductionformula.com/blog/?p=48#comment-16352 [...] importantly, I felt God told me to. So selling our house and moving was an act of obedience. But I’d be lying if there [...] [...] importantly, I felt God told me to. So selling our house and moving was an act of obedience. But I’d be lying if there [...]

]]> By: Brian http://www.debtreductionformula.com/blog/how-i-paid-off-my-mortgage-in-38-days/comment-page-1/#comment-269 Brian Mon, 17 Dec 2007 20:10:55 +0000 http://debtreductionformula.com/blog/?p=48#comment-269 Anitz, Yes, in the past Americans (most of the time) have been able to buy a home, have it increase in value and sell it for more than they bought it for. I like Robert Kiyosaki (author of Rich Dad, Poor Dad), and his definition of an asset: Anything that puts cash in your pocket. A liability is anything that takes cash from your pocket. Even if your own your home free and clear, it's still NOT an asset, because you'll always pay property taxes, insurance and maintenance costs. In the book, Robert's 'Rich Dad' told him: "If your house is your biggest asset, you're in financial trouble." Buying a house and hoping it'll go up in value isn't exactly a financial 'skill.' Realtors and the media always trumpet the phrase "Your home is an asset, and it's always a great time to buy a house." I don't agree with that. Realtors are salespeople who make their living by selling homes. Almost none of them are savvy investors, or get the 'big picture' when it comes to economics and financial markets. I think we're still a LONG ways away from seeing the bottom in the real estate market; lots of option ARM loans have yet to re-set, and inflation is a hidden tax eating away at American's purchasing power. Lenders will have to tighten lending standards, meaning full asset and income documentation, and a larger down payment - at least 5, probably more like 10 to 20%. Unless someone can prove me wrong, this isn't a bullish combination for real estate for the next few years. Anitz,

Yes, in the past Americans (most of the time) have been able to buy a home, have it increase in value and sell it for more than they bought it for.

I like Robert Kiyosaki (author of Rich Dad, Poor Dad), and his definition of an asset: Anything that puts cash in your pocket. A liability is anything that takes cash from your pocket.

Even if your own your home free and clear, it’s still NOT an asset, because you’ll always pay property taxes, insurance and maintenance costs. In the book, Robert’s ‘Rich Dad’ told him: “If your house is your biggest asset, you’re in financial trouble.”

Buying a house and hoping it’ll go up in value isn’t exactly a financial ’skill.’ Realtors and the media always trumpet the phrase “Your home is an asset, and it’s always a great time to buy a house.”

I don’t agree with that. Realtors are salespeople who make their living by selling homes. Almost none of them are savvy investors, or get the ‘big picture’ when it comes to economics and financial markets.

I think we’re still a LONG ways away from seeing the bottom in the real estate market; lots of option ARM loans have yet to re-set, and inflation is a hidden tax eating away at American’s purchasing power. Lenders will have to tighten lending standards, meaning full asset and income documentation, and a larger down payment – at least 5, probably more like 10 to 20%.

Unless someone can prove me wrong, this isn’t a bullish combination for real estate for the next few years.

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