Can you imagine a day when you make the final payment on your mortgage? For many of us, paying off our home mortgage seems like a dream that is far, far away. But sometimes it’s nice to sit back and consider the possibility that one day in the future, you will receive a bank statement for your mortgage with a nil balance. After all, that’s what you’re striving for.
How will you celebrate this auspicious occasion? Daydream about it for a moment – will you celebrate with a fancy meal at your favorite restaurant, or a party in the house that you now fully own? And it’s not only the one-off occasion of the day you make the final repayment – there is also all the time after that when you have this extra money available to you, now that it’s not going into the mortgage – what do you think you might do with it? Of course, some of it should be invested, but spoiling yourself with a couple of treats is a fair deal.
Sometimes we get bogged down in the everyday events of life and paying off the mortgage is just another one of the many chores we’re burdened with. Take a moment to remember that it won’t always be that way, and your day might get a bit brighter.