I paid off my mortgage this week before I turned 40. Help me feel like sh!t

This is how I picture derp/running derp:

https://www.youtube.com/watch?v=D-3Y3NDCT-Y

Are you still a cancer away from bankrupcy? How much for your pension funds?

Debt Free, Baby wrote:

For years, we have paid extra on a 15-year note, and we got a little lucky selling one house. Now, at 38, we are 100% debt free. House, car, student loans = PAID. (House isn't huge, btw: 2600ish sqft. But it is OURS.)

Needless to say, I am pumped. Help bring me back down to earth.

Good for you.

I paid off mine as soon as I could too. The financial advisor said I should invest the money, but I paid it off. And of course the investments made jack shpoop, and I was able to save the 5.25% for 15 years that I had left.

Now your real task is to save and invest - more save, as the investments go up and down like a nun's drawers.

Retire early and post on the boards all day. Sleep in and go to bed late.

Don't second guess yourself. Some of us a driven to save, some will want to follow the financial advisor's advice. No debt is a great feeling.

Don't forget to save up for infrastructure.

New roof, gutters.

New plumbing

Laundry

Kitchen appliances

New toilet, sink and tubs and if you

got one a bidet

New running shoes

New running garments

Running applications fees

Socks

Bras and panties if you're a female

Perhaps your husband wears them too,

so get him a supply...just kidding.

Debt Free, Baby wrote:

For years, we have paid extra on a 15-year note, and we got a little lucky selling one house. Now, at 38, we are 100% debt free. House, car, student loans = PAID. (House isn't huge, btw: 2600ish sqft. But it is OURS.)

Needless to say, I am pumped. Help bring me back down to earth.

You are allowed to be pumped. Why do you want to be brought back down to earth? I'm sure you did this for a reason...retire early, retire with tons, enjoy financial freedom, travel, etc. Now, go do those things.

Wow, you paid off your children's college debt already too .

Congrats , you started a family very young .

Prepare for their weddings and down payments on their starter houses

Debt Free, Baby wrote:

For years, we have paid extra on a 15-year note, and we got a little lucky selling one house. Now, at 38, we are 100% debt free. House, car, student loans = PAID. (House isn't huge, btw: 2600ish sqft. But it is OURS.)

Needless to say, I am pumped. Help bring me back down to earth.

Here you go. I paid off both my houses, was debt free, and retired at your age.

Think of the vacations you didn’t take. 3/10

You’ll come back to reality on April 15, 2020, when you find out you don’t have any significant tax deductions.

At some point in the near future everyone who remembers you will die.

The Tax Man wrote:

You’ll come back to reality on April 15, 2020, when you find out you don’t have any significant tax deductions.

Yeah, if only he had paid all that mortgage interest just to get part of it back as a tax deduction...

Debt Free, Baby wrote:

For years, we have paid extra on a 15-year note, and we got a little lucky selling one house. Now, at 38, we are 100% debt free. House, car, student loans = PAID. (House isn't huge, btw: 2600ish sqft. But it is OURS.)

Needless to say, I am pumped. Help bring me back down to earth.

?????I know something ye know not ?‍♀️

Without knowing his tax bracket or whether or not he gets W2 or 1099 income, your reply makes no sense.

derp ≠ running derp

Sand Dunes wrote:

This is how I picture derp/running derp:

https://www.youtube.com/watch?v=D-3Y3NDCT-Y

The end of the world is coming tomorrow

My mortgage was interest free and i paid it off when i was 35.

Yes, i chose the right family. But I'm sure you feel much better giving the bank all of that interest.

You could have been investing all of that extra money. Probably close to $600-$1k/month if you had gotten a 30 year note.

Whaaaaaa wahhhbb wrote:

At some point in the near future everyone who remembers you will die.

I think this is the winner. Maybe I will use some of my investment money to start an endowment... by the time I die, it should be able to pay out literally TENS of dollars per year on interest alone! :-/

If you had rented and bought FAANG stocks instead, you would have enough today to pay cash for a much better house.