Revealing Our Craziest Undertake After Early Retirement: No Mortgage – We’ll Be Paying for Our Home With Plain Old, Boring Cash

Mr. Enchumbao

I work for a large investment management company helping people save for traditional retirement. During my spare time I help others save for financial independence and early retirement by writing for Enchumbao. My journey to FI began in 2012. I was in a lot of debt back then but I turned things around and became debt free a few years later. My wife and I reached financial independence in 2017 and are preparing to retire by 2020.

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2 Responses

  1. Jessica Sivak says:

    I highly enjoyed this 🙂 it’s definitely interesting because everyone aims to own a house asap, it makes them feel like they are going the right path, “American dream”,etc. I definitely agree that eliminating mortgage is a huuuge weight of your shoulders and allows for more investing opportunities.
    I do wonder though, are there good options for buying a fairly nice large apartment with good rent after I begin working full time:o ? Guess I’ll see.

    Thank you so much for the post!

    • Hi Jessica!
      I’m glad you enjoyed the article!
      Real estate varies locally and it’s hard to tell without knowing where you’ll land after you find a full-time job. I recommend reviewing your options once you cross that bridge.
      You might want to consider renting a nice large apartment instead and see how that it feels. If later on you change your mind you can always move without getting stuck with owning an apartment that might not be suited as an investment property. Also, what if you change jobs? People change jobs often nowadays so staying mobile is another option to consider.
      I’m surrounded with stories at work of people that bought condos/homes while single, got married, and then got stuck with properties that barely break even. So put all your options on the table when the time comes and figure out your exit strategies.
      Thank you for commenting! 🙂

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