Tentmaking Tips

You can pay off your mortgage fast, in as little as 6 years. Maybe even in 4 years if your mortgage is less than average.

I know because we paid off ours quickly! We paid off our mortgage in our early 30s. And we weren’t living in a super cheap house either.

A median priced home in our area is $135k. Ours was $250k. We’re in a part of the country where $250k buys you a really nice, above average home. I recognize that’s not the case everywhere.

Anyhow, you can pay off your mortgage quickly if you’ll do one simple thing.

Move.

Yep, you need to move. 2-3 times in those 6 years to be exact.

Huh?

You see, the IRS wants to give you a gift. I know it’s hard to believe. If you’ll buy a home, and live in it at least 2 years as your primary residence, you can sell it after 2 years and take up to $500k profit tax free for married couples. Did you hear the key words there? TAX FREE!

Are you kidding?!?!? Nope, it’s true (IRS Publication 523).

Here are the steps:

Needed: ~$20,000

Ways to earn an extra $20k (for you or your spouse):

1. Uber/Lyft Driver - in your free time, drive people around, build new relationships and make extra money
2. Virtual Assistant - using a site like Upwork.com, you can work from home as someone’s assistant on your own time
3. Deliver pizzas - the classic Dave Ramsey way to earn extra money
4. Paint houses - you can make significant extra money doing just a few houses a year
5. Mow lawns each week - many of us did this as teenagers and if you scale it up a bit, you can easily make extra income
6. Hang Christmas lights - I have a friend who makes $200-300/house each year doing this for a total of around $20k/yr
7. Virtual Bookkeeper - learn this skill and help others online keep track of their income/expenses
8. Deliver packages for Amazon - can pursue this around your ministry schedule
9. Become a sub...