Meager Income

Pay Off Debt, Retire Comfortably on Meager Income, Win the Lottery, Not Necessarily in that Order

Debt Update July 2021

I’m continuing to chip away at my debt. Currently, I owe approximately $187,750 in combine mortgage debt with an average interest rate of 3.25%. I was considering refinancing the loans but the proposed interest wasn’t low enough for it to make financial sense to do so. I still want to get rid of the loans […]

My Mortgages

My goal is is to be free of debt when I retire. I’m currently focused on paying down my mortgage which consists of two loans. The combined interest rate is fixed at 3.25. If I were to adhere to the amortization schedule the last payment will be due in 2044. Due the drop in interest […]

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