I recently watched a BBC2 Series entitled "Did They Pay Their Mortgage Off in 2 Years". This series followed a number of families and individuals who were attempting to earn extra money and use this to pay off their mortgage within 2 years and hence save massive amounts of interest.
This got my attention.... and I realised that I already had the tools needed to do this at my disposal..... I already had the "Spare time Business" that I could use to make those additional mortgage payment.
On the BBC program there were some weird and wonderful ideas for making money... most of which failed. Our Business is Simple (not always easy!, but simple to follow).... Our plan is simple.... and to make it realistically acheivable, I've set my Goal to be Mortgage Free in 5 years.
ie. £100,000 in 5 years.... How?
Average £600/month extra in Year 1 = £7200
Average £1200/month extra in Year 2 = £14,400
Average £1800/month extra in Year 3 = £21,600
Average £2400/month extra in Years 4 = £28,800
Average £3000/month extra in Years 5 = £36,000
Total Extra over 5 years = £108,000 (OK Taxes to pay..... but you get the picture!!)
Are these figures realistic with Kleeneze?
You bet they are..... I'm going for it..... Are You????
