Own at least 30% of our homeAlready nailed it by August 2013! Pay off the interest-only part of our mortgage (= 1/7 of our total mortgage)Also nailed this one by August 2013!
- Live off 75% of our income (so NOT spend 25% but save, invest and pay off the mortgage with)
- Decide whether to pay off the rest of our mortgage (savings mortgage, we’d throw away our tax breaks and even risk a fine) or start throwing extra cash at index investing (future goals depend on this decision) -> We’ll already have to make this decision in September 2013 because of the fact that we paid off the interest-only mortgage so aggressively.
- Live off 70% of our income.
- Live off 60% of our income.
2031 (The year I’ll turn 50)
- Own our home in full
- Live off passive income