Posted by Dave on May 27, 2014
Dave is also looking to retire no later than 45, but unlike Tim has no kids and doesn’t want any. Dave is from Ontario and is working towards his CGA certification.
One of the main ways that my wife and I celebrate is to eat and drink. Sometimes that means sipping on a nice (to us) scotch or bourbon. Sometimes we go out and let other people cook for us, which also allows us to partake in one of our favourite pastimes – people watching (when you don’t get out that often, seeing other people in social situations is great entertainment). This past weekend though, due to my wife finding out that she has food reactions to the vast majority of “fun” food we would normally eat – we stayed in to celebrate.
We were celebrating paying off our mortgage – which we made the last payment for on Friday, the 23rd – completing the payoff within our 5 year term (which was our goal). When I asked my wife what she would like to eat, she said “A $40 Steak, Please”. In the past, both of us had eaten $40 restaurant steaks, but never had purchased one from a store to cook. I wasn’t even sure it could be found locally (we do not really have any specialty butcher shops around), but we happened to be in the Thornbury area over the weekend and found a really awesome butcher shop, “Black Angus Freezer Beef”, for anyone in Ontario who’s interested. There, we were able to buy a 1.5 lb, 60-day dry aged ribeye, which I cooked for Sunday evening dinner.
Besides the steak, we also bought some specialty meat – some bison burger, a kangaroo loin, a piece of crocodile meat, and a python filet, all of which we will cook this weekend to have a super eclectic dinner.
Other than the steak, we didn’t really do anything – which kind of matched the anti-climatic feeling we got when we requested that our mortgage was closed to the bank. On the Friday afternoon that we made our last mortgage payment, I was having troubles logging into my account. I called the company and was waiting on hold for 20 minutes until someone finally came on to tell me that because I didn’t have a mortgage, I no longer could access my account.
I asked the representative if they could please e-mail me something showing a $0 balance, as both my wife and I were a little excited. I was told that no such document exists, and I would receive a legal document in the next 30 BUSINESS DAYS saying that the mortgage company no longer has any financial interest in my house. The whole thing was kind of a letdown – we were going to hang the $0 balance on our wall, which would have been a huge achievement for us because we don’t really hang anything on our walls due to some disagreement whether this job falls under a “boy job” or a “girl job”.
With our house paid off and being debt-free, we are now (hopefully) one-third complete our financial plan. The next 10 years should be interesting.
How do you celebrate exciting happenings in your life?