What if I told you that your mortgage could be $0 in under a decade from now?

Chances are you’ll answer in one of three ways:

  1. It sure will be! I’m already in the process of paying it off and we’ve got ____ left!
  2. I’ve never really thought about that goal, but it sounds like it’d be possible.
  3. There’s no way we could ever pay off our mortgage in 10 years that’s stupid!

Over the many years we paid off our mortgage and I’ve been running MTM I’ve asked many different people the above question and the most surprising – and unfortunate – answer was usually number 3.

Most people, regardless of whether they’re a single mum with 5 kids or DINKS honestly believe that paying a mortgage off in anything under the allotted 30 years is just fantasy. A make believe task that only “the rich” are able to do because they get all the help from inheritances, trust funds and so on. A close second is answer number 2 which isn’t much better.

Mortgages are also one of those things that universally seem to make people really sad or depressed and so they don’t like talking about it. They know they’re in debt for hundreds of thousands of dollars and they know that it’s going to take them an eternity to pay it off. Why worry or talk about something they can’t change or do anything about? It just makes them feel down.

So when a weird Internet guy comes along and proposes that you can be mortgage free in under 10 years, automatically and without cutting back on the things you love… it’s understandable the knee jerk reaction is that he’s dreaming. That it’s a fantasy that again, only “the rich” are able to achieve and that they don’t even really want to think about their huge, always crushing debt so whatever, go bother someone else with your day dreams.

The Dream IS Real!

Loan Balance
Our Mortgage, destroyed in just 6 years.

That chart above is real data, it’s our data. It’s the $400,000 mortgage we had many years ago getting utterly obliterated over the course of just 6 years. Not 30. Not 10. Six.

We were not rich. We didn’t receive any inheritances, prizes or gifts. We weren’t even on particularly high wages as we’d just started full time employment after coming out of uni. Both of our salaries combined totalled around $115,000! Oh, and the average home loan interest rates back then were between 5-7% over the life of our loan. A far cry from the 3.3% you can easily get today.

We also had no idea what we were doing in regards to paying down a mortgage faster than normal. Everyone I talked to about it just paid off their mortgage over 30 years. Thankfully I had the time and curiosity to investigate the situation properly and realise that taking 30 years to pay anything off is completely bonkers.

Excuses And Proof

Maybe you think your life is different from ours. Maybe you don’t think I’m legit. Maybe you’re just really busy or suck at doing math/money type stuff and want to get back to playing Candy Crush or reading about how awesome other peoples lives are on Facebook or Instagram.

There’s lots of excuses out there…

  • This won’t work for us because we have kids…
  • Your income is way above what I make…
  • I like to actually have fun and not eat beans and rice for 6 years…
  • I’ve got a serious medical condition so this won’t work…

I’ve heard most and it honestly makes me very sad to see good, smart people not prioritise something that is legitimately easy and hugely beneficial for your entire life. It’s why I started this site. It’s why I spent hundreds of hours writing guides for every marriage/child/income/loan type with detailed instructions.

Prioritising your mortgage payment and following my free Official Strategy will have a profound effect on your finances, your long term financial stability, your happiness levels and confidence. It’s a task I’ve literally never, not once, ever heard anyone say they regretted doing. Ever.

Thanks for the great informative and understandable style. Have logged into my home loan account, bumped up an extra $200 per weekly repayment, which cuts the loan duration by almost half, and saves me more than $100,000 in interest payments!


Started $375k in Nov 2010. Currently remaining $67k (May 2016). Tough going, but BEST DECISION EVER!


I have almost paid my mortgage off within 10 years for a house worth around 460K and after reading this post, happy to say I have done most of the things mentioned in these articles, and it works!!


Whenever I say we’re trying to pay our mortgage down in 8 years, people scoff and say it’s unachievable and optimistic. MTM has shown me this is completely achievable (and, if anything, 8 years might be a pessimistic approach!) and is giving us the solid strategy to do so. Even with a couple of kidlets under our wings ;) Thank you!


Fantastic. This plan sheet should be given to each person who walks into a bank. Then told to go and read it before they ask for a loan.


I have dozens more comments like this. It’s very clear the material is easily understandable and most importantly, works. If you’re still wanting for more detailed instructions I have a full 8 hours long video course available too.

Stop Dreaming

If you originally clicked through on this article because you have dreamt of being debt free now, in 5 years, 10 years or just “sooner” than the completely horrible standard 30 years wake up.

I’m turning that light bulb on above your head right now. You don’t need to be rich. You don’t need to have an advanced degree in mathematics or finance. You don’t even need to have a plan.

You just need to be willing to give yourself a chance and spend some of your time learning how it’s done.

Don’t let “how it’s always been done“, fear, uncertainty and doubt stop you from making your life and your families life forever better.

For the newer readers... if you’re interested in learning more about being mortgage free in under 10 years, automatically and without cutting back on the things you love... You’ll probably like How To Pay Off Your Mortgage Early, Go From No Idea To Mortgage Free In Under 10 Years.

The benefits include: 1) How to pay off your mortgage faster than 99% of people with one hour a month of work 2) How to get rid of your debt and have the freedom to spend money on the things you love, guilt free 3) Clear outline of how to setup your expenses, mortgage and general finance 4) How offset accounts work and how to get the same result without being gouged by the big banks 5) How to cut through the crap and focus on the things that truly matter when taking down a mortgage 6) How to adjust the strategy so it works for you, even if you have kids, even if you only have one income 7) How to do all of these things and maintain a normal social life (and never be cheap).