Why Pay Off Your Home Early?

Your home is likely your largest expense. Eliminating the mortgage frees up thousands of dollars every month. That’s money you can redirect to building wealth, giving generously, or enjoying life on your terms—without a payment hanging over your head.

Step 1: Keep the Momentum

By the time you reach Baby Step 6, you’ve already mastered discipline with debt payoff and investing. Use that same intensity here—apply extra income, bonuses, or windfalls toward your mortgage principal. Every extra dollar knocks down years of payments.

Step 2: Choose Your Strategy

• Biweekly Payments: Instead of 12 monthly payments, you’ll make 26 half-payments—equaling one extra full payment each year.
• Lump-Sum Payments: Direct tax refunds, bonuses, or side hustle money straight to your mortgage.
• Round Up: Even rounding your payment to the nearest hundred can shave years off your loan.

Step 3: Don’t Forget Balance

Paying off your home is powerful—but don’t sacrifice all joy in the process. Keep investing 15% of your income (Baby Step 4) while accelerating your mortgage payoff. Balance ensures you’re building wealth while moving toward freedom.

Takeaway

Baby Step 6 is where freedom becomes tangible. A paid-off home doesn’t just save money—it changes your life. Imagine walking into your house knowing it’s truly yours. That’s the kind of financial peace most people only dream about—and it’s within your reach.