The Forestry Forum is sponsored in part by:




TimberKing Sawmills



The Largest Inventory of Used Chainsaw Parts in the World

Toll Free 1-800-582-0470

LogRite Tools


Forest Products Industry Insurance

Norwood Industries Inc.

Sawmill & Woodlot Magazine



Wood Processing equpment. Splitters, Processors, Conveyors

Your source for Portable Sawmills, Edgers, Resaws, Sharpeners, Setters, Bandsaw Blades and Sawmill Parts

EZ Boardwalk Sawmills. More Saw For Less Money!

STIHLDealers.com sponsored by Northeast STIHL

Woodland Sawmills

Peterson Swingmills

 KASCO SharpTech WoodMaxx Blades

Comstock Logging

Turbosawmill

Sawmill Exchange

BRUTE FORCE Authorized Dealer

Woodshax Outdoor Vending Solutions



Forestry Forum Tool Box

Author Topic: Paid off our mortgage!  (Read 639 times)

0 Members and 1 Guest are viewing this topic.

Online TKehl

  • Full Member x2
  • ***
  • Posts: 247
  • Age: 34
  • Location: Sedalia, MO
  • Gender: Male
  • Aspiring Sawmiller
    • Kehlhof Ranch
Paid off our mortgage!
« on: April 19, 2017, 08:54:10 am »
My wife and I officially paid off our mortgage today!  Sent the check last week, and the website says PAID this morning!  Still have a small, very manageable farm loan, but are on track to be debt free this quarter if we so chose! 

Itís taken several years of living below our means and getting by or doing without.  Working a second job, volunteering for OT, side projects for extra cash, & cutting expenses.   Weíve paid off student loans, a car loan, CCs, medical bills, etc.   I canít fully capture in words how good it feels to have that weight off my shoulders and having the freedom and latitude to pursue dreams!

A new chapter begins.  I am ready for launch!   ;D 
(This smiley is pretty representative of the you know what eating grin on my face!)
Lucas 6-13, a blue cant hook, a few orange chainsaws, and a bunch of trees.

Offline Hilltop366

  • Senior Member x2
  • *****
  • Posts: 1757
  • Location: Nova Scotia
  • Gender: Male
Re: Paid off our mortgage!
« Reply #1 on: April 19, 2017, 09:05:47 am »
Awesome!  I well be glad when I get there myself.

Offline yukon cornelius

  • Senior Member x2
  • *****
  • Posts: 1771
  • Age: 39
  • Location: wheatland mo.
  • Gender: Male
Re: Paid off our mortgage!
« Reply #2 on: April 19, 2017, 09:08:03 am »
Great news! What a great feeling :)
It seems I am a coarse thread bolt in a world of fine threaded nuts!
Ezboardwalk Jr.
10 extension
Shingle and lap siding attachment.
Making a living with a manual mill can be done!

Offline gspren

  • Senior Member x2
  • *****
  • Posts: 1428
  • Age: 65
  • Location: Airville, PA & Fenwick, DE
  • Gender: Male
Re: Paid off our mortgage!
« Reply #3 on: April 19, 2017, 09:14:48 am »
   That is great, you've gotten there much younger than most people. If you can quit paying interest of any sort (credit cards are worst) you have more money to spend or save. Congratulations.
Stihl 041, 044 & 261, JD 2355 4X4 w/fel, JD 620, Yamaha Kodiak 400 & trailer, Kubota 400 RTV,  P&M OWB, 75 acres to play.

Offline Raider Bill

  • Senior Member x2
  • *****
  • Posts: 6577
  • Location: S.E. Tenn & Floridas Gulf Coast
  • Gender: Male
  • Who will pull the wagon when everyone rides?
Re: Paid off our mortgage!
« Reply #4 on: April 19, 2017, 09:48:08 am »
Congrats!!!!
It's a great feeling.
Kubota L-4200, Ford 8N, S-10 4WD Beater truck, Chainsaw, Bush Hog, couple ATV's and 141 acres of trees I'm not sure what to do with but I sure do have fun and enjoy being in the woods!
The First 50 years of childhood is always the hardest.

Offline Delawhere Jack

  • Senior Member x2
  • *****
  • Posts: 1971
  • Age: 49
  • Location: The First State, northern part
  • Gender: Male
  • I ought to know better.....
Re: Paid off our mortgage!
« Reply #5 on: April 19, 2017, 09:53:42 am »
It is a great feeling. Congrats on achieving that at your age!
black walnut, cherry, SYP, southern magnolia, poplar, hemlock, osage orange, red oak, white oak, chestnut oak, black locust, english walnut, ERC, WP, hickory, ash, black birch, beech, honey locust, apple, white cedar, black oak, basswood(?), sassafras and a "Christmas tree" full of iron

Offline POSTONLT40HD

  • Senior Member x2
  • *****
  • Posts: 14067
  • Age: 60
  • Location: Rock Hill, S.C
  • Gender: Male
  • G29
Re: Paid off our mortgage!
« Reply #6 on: April 19, 2017, 02:09:36 pm »
You can now make a donation to the Forest Forum in honor of you debit free status.

 ;D (This smiley is pretty representative of the you know what eating grin on my face!)
I'm thinking......

Offline sawguy21

  • Senior Member x2
  • *****
  • Posts: 8861
  • Age: 68
  • Location: B.C. Canada
  • Gender: Male
Re: Paid off our mortgage!
« Reply #7 on: April 19, 2017, 04:18:07 pm »
That has to feel good. 8)
old age and treachery will always overcome youth and enthusiasm

Offline Peter Drouin

  • Senior Member x2
  • *****
  • Posts: 6939
  • Location: New Hampshire
  • Gender: Male
    • Sanbornton Construction L.L.C.
Re: Paid off our mortgage!
« Reply #8 on: April 19, 2017, 06:07:36 pm »
Good for you, It is a good feeling, Just tax's and Ins. now  8) 8) 8) 8) 8)
2008 LT40 super, And can cut up to 45' long
http://www.forestryforum.com/sanbornton     NH Timberland Owners Association supporter.
And a license NH soft wood grader.
Sawing since 1987

Offline samandothers

  • Senior Member x2
  • *****
  • Posts: 1663
  • Location: Charlotte NC To SW Va.
  • Gender: Male
  • Been learning on FF since 1/20/12
Re: Paid off our mortgage!
« Reply #9 on: April 19, 2017, 06:17:25 pm »
Fantastic! Good for you guys.  That takes discipline to accomplish at your age.

Offline luvmexfood

  • Senior Member x2
  • *****
  • Posts: 1091
  • Location: Southwest Virginia
  • Gender: Male
Re: Paid off our mortgage!
« Reply #10 on: April 19, 2017, 06:43:02 pm »
Paid mine off in January. Now I won't to downsize. 1825 sq. feet is too much for a single person by himself.
Give me a new saw chain and I can find you a rock in a heartbeat.

Online celliott

  • Senior Member x2
  • *****
  • Posts: 1109
  • Age: 26
  • Location: Danville VT
  • Gender: Male
Re: Paid off our mortgage!
« Reply #11 on: April 19, 2017, 07:11:56 pm »
Good for you!

We are looking to buy a house soon. But student loans for two and vehicle payments for two make it a bit difficult. We don't have any bad credit card habits, we use them occasionally but always pay the balance off each month.

I am closing in on my student loans (I only went for an AAS, so two years) My wife went for 4 years, so hers is going to take awhile longer.
Chris Elliott


Follow our progress on the Northern Forest Canoe trail summer 2014 here-
 http://chris-and-meghannfct2014.blogspot.com/

Offline thecfarm

  • Senior Member x2
  • *****
  • Posts: 24337
  • Age: 55
  • Location: Chesterville,Maine
  • Gender: Male
  • If I don't do it,it don't get done
Re: Paid off our mortgage!
« Reply #12 on: April 19, 2017, 07:22:43 pm »
Good for you!!!
Model 6020-20hp Manual Thomas bandsaw,TC40A 4wd 40 hp New Holland tractor, 450 Norse Winch, Heatmor 400 OWB,YCC 1978-79

Online TKehl

  • Full Member x2
  • ***
  • Posts: 247
  • Age: 34
  • Location: Sedalia, MO
  • Gender: Male
  • Aspiring Sawmiller
    • Kehlhof Ranch
Re: Paid off our mortgage!
« Reply #13 on: April 19, 2017, 09:41:22 pm »
Thanks for all the kind words.  It's great to share good news.  Will be bringing donuts for everyone in my shop tomorrow morning.    8)

Now as soon as work lets up on the OT, it will be time for some badly needed software upgrades for my CNC router, some mill upgrades, and a solar kiln build. 

Celliott, keep plugging and you'll get there.  Have a plan and vision for what you want and pursue vigorously!  If you don't know how long you'll be making payment, work up a spreadsheet or download one.  We mostly followed Dave Ramsey's techniques.  The "debt snowball" gave me something to focus on and a psychological boost every time a bill was paid off slain.
Lucas 6-13, a blue cant hook, a few orange chainsaws, and a bunch of trees.

Offline DDW_OR

  • Senior Member
  • ****
  • Posts: 502
  • Location: Glendale, Oregon
  • Gender: Male
Re: Paid off our mortgage!
« Reply #14 on: April 20, 2017, 01:42:07 am »
...... canít fully capture in words how good it feels to have that weight off my shoulders and having the freedom and latitude to pursue dreams....

YIPPEE      HOARY        YAHOO 

Next, decide to continue the lifestyle to build up a nest egg of 10% to 20% of your yearly income.
It is VERY nice having an Oh sh-t fund for unexpected expenses.
TimberKing 2000, Mahindra 5520 4x4, Max22 4x4, Bobcat Excavator 331, E80, Multitek 1610EZ
"let the machines do the work"

Online TKehl

  • Full Member x2
  • ***
  • Posts: 247
  • Age: 34
  • Location: Sedalia, MO
  • Gender: Male
  • Aspiring Sawmiller
    • Kehlhof Ranch
Re: Paid off our mortgage!
« Reply #15 on: April 20, 2017, 08:00:24 am »
Agreed.  We try to keep 3 months living expenses on hand.  It's usually there, but I have used it to jump on a good deal and to tackle a debt that is close to done a bit early.  I did both this time in the past week.  Bought a decent 92 4x4 F350 with a snowplow for farm/mill use for $2k and took the bank account lower than I like for the final mortgage payoff.  Will recover in short order.

We plan to "splurge" on a new mattress if we can find one we both agree on.   ::) 

I also need to upgrade my wife's 12 year old minivan.  Will probably be looking for something off-lease or maybe a bit older.  I promised her a year ago, after a string of repairs, that we would do something this summer, and we are on track.  (Happy wife happy life!)  We will go with whatever term gives us a good rate, then pay off early.  It will be my first car payment, though I inherited one when my wife and I got married.   ::)  (Kind of like the reverse dowry.  I also got her student loan when we wed.   :D)
Lucas 6-13, a blue cant hook, a few orange chainsaws, and a bunch of trees.

Offline DDW_OR

  • Senior Member
  • ****
  • Posts: 502
  • Location: Glendale, Oregon
  • Gender: Male
Re: Paid off our mortgage!
« Reply #16 on: April 20, 2017, 01:08:52 pm »
good plans.

get a mini-van with stow-n-go seating.
my 2006 Chrysler can haul full sheets of plywood.
TimberKing 2000, Mahindra 5520 4x4, Max22 4x4, Bobcat Excavator 331, E80, Multitek 1610EZ
"let the machines do the work"

Offline Qweaver

  • Senior Member x2
  • *****
  • Posts: 1959
  • Age: 72
  • Location: Weston, WV
  • Gender: Male
  • The cabin is done and we love it
Re: Paid off our mortgage!
« Reply #17 on: April 20, 2017, 01:17:55 pm »
Congrats!  What a great feeling it is to be out of debt.
So Many Toys...So Little Time  WM LT28 , 15 trailers, Case 450 Dozer, John Deere 110 TLB, Peterson WPF 10",  AIM Grapple, Kubota 2501 :D

Online TKehl

  • Full Member x2
  • ***
  • Posts: 247
  • Age: 34
  • Location: Sedalia, MO
  • Gender: Male
  • Aspiring Sawmiller
    • Kehlhof Ranch
Re: Paid off our mortgage!
« Reply #18 on: April 20, 2017, 01:27:00 pm »
Yes.  Fold up seats are high on our list.  Current one doesn't have it and taking the seats in and out is awkward. 

We will also add a trailer hitch like the current mini.  I have a little 4x8 trailer that saves us a ton on gas over taking a bigger vehicle.  We'll put the 4 kids in and go to the feed store, KC, an auction, even the livestock sale barn.  I built a rack for it out of cattle panels.  Will haul ten goats comfortably.  Even feeder pigs.   :)  It gets a lot of looks, but half of them seem to be looking at construction details.   ;D
Lucas 6-13, a blue cant hook, a few orange chainsaws, and a bunch of trees.

Offline 21incher

  • Senior Member x2
  • *****
  • Posts: 1920
  • Age: 61
  • Location: Marion, NY
  • Gender: Male
Re: Paid off our mortgage!
« Reply #19 on: April 20, 2017, 02:19:10 pm »
Congratulations,  l was about your age when I paid off my first mortgage.  Back then mine was 14% interest and we celebrated for a week.  8)
Hudson HFE-21 on a custom trailer, Deere 4100, Kubota BX 2360, Echo CS590 & CS310, home built wood splitter, home built log arch, and a logrite cant hook.