Pay Off Your Mortgage Early and Become Financially Independent

pay off your mortgage early

This is a guest post from Pauline from InvestmentZen.com

You become financially independent the moment your investments yield enough money every month to cover your expenses. You can then decide to stop working and enjoy life, although most people simply decide to slow down a bit, while remaining active. If you are financially independent in your early 40s or even 50s, the perspective of laying in a hammock sipping cocktails all day long for the next 50 years is actually a bit depressing. But in order for your investments to cover your expenses that early, you need to focus on two things:

Spending less Saving more

The less money you need in order to support your lifestyle every month, the quicker you can quit your day job and focus on what is really important to you. Getting rid of your mortgage seems like a great idea in order to get . . . → Read More: Pay Off Your Mortgage Early and Become Financially Independent