Introduction In the UK, we are brought up on the concept of the property ladder. The idea that you buy a property and then in a few years time, buy a larger property, has been spoon fed to almost all … Continue reading The property ladder is dead – so skip the first rung.
Last weekend shortly after making my blog post, buoyed by the confidence that I am approaching debt freedom, I spent several hours calculating whether it would be better for me to save money or to pay off my mortgage. Firstly, there are several viewpoints on whether mortgage debt counts as ‘debt’. Of course it is different to a credit card or a car loan as you have purchased an asset that will appreciate in value and give you ‘equity’, and you pay off a chunk each month which also contributes. However, as that equity is tied up in the home, … Continue reading Calculations and calibrations