Posted on 12/04/2015 11:29:58 AM PST by afraidfortherepublic
A 30-year-old man who has paid off his mortgage in three years has drawn not the admiration but the ire of the Internet.
Sean Cooper, a financial writer and pension analyst, worked three jobs and lived the life of a cheapskate for years while paying down the $255,000 mortgage on his $425,000 bungalow in Toronto, Canada.
Cooper was emotionally scarred after seeing his single mom almost lose their childhood home after she became unemployed in the aftermath of the dotcom crash in the early 2000s.
'I didn't want to be in that situation. I saw how tough it was on her,' he told CBC News.
Cooper had managed to save up $170,000 by working a long list of student jobs while in college and living at home (he claims he paid his mom $600 a month in rent).
Not too long after graduating, he put the downpayment down on the three-bedroom bungalow with basement apartment.
Determined not to be burdened with a mortgage like his mom, he worked his full time daytime job of being a pension analyst, and at nights he burned the midnight oil writing for financial outlets.
But that wasn't all. The staunch vegetarian also took a $13-an-hour job in the meat section of a local supermarket.
'It wasn't the most glamorous job but it helped me pay off my mortgage, so I can't complain,' he told CBC.
(Excerpt) Read more at dailymail.co.uk ...
More power to him. More people should be so fiscally responsible. We retired with a paid off house. It’s a good feeling to be in that position.
I’m thinking minor SHTF, there was definitely one (possibly two) minor SHTF events up in the Great White North, in which the entire online banking and ATM system for one of their major banks (can’t remember if it was RBC - Royal Bank of Canada, or TD - Toronto Dominion) went down for an entire weekend, although cash was still available (IF you had it), there was no access to any accounts until they straightened the mess out.
In my view, one should always keep some extra cash around in the proverbial coffee can “just in case”.
I think you’re accurate here.
Only lazy libs are offended by this. Good on him. Better to work 3 jobs and get it paid off early than wait until the interestest builds up and having to work 4 jobs. Now, he can relax, find a good woman, have a couple of kids and she (or he) can stay home and raise them right.
I agree with you about the charitable donations - those should be kept to ones self - but good for this guy for doing this. I’d talk it up a bit, too!
He trigger-warned you! Go to your safe space!
Seriously, it’s a nice house and looks quite modest, really.
Real estate has been my downfall on occasion, lol. Glad you achieved your dream.
OBOZO: YOU DIDN’T BUILD THAT!..................
Exactly what I was asking.
Does ANYTHING in the public square in our country make ANY sense, anymore? Even a little?
He sounds like a disciple of Dave Ramsey, like me. Paid off home mortgages are the BMWs of today.
I could use some as well. I’m impressed and good for him.
Not to worry. An ex wife will take it from him soon enough.
“I know, right?”
Apparently his contemporaries think hard work and living frugally makes you a tool of EEEEEVIL corporations. Sad.
” But why brag about it? “
He’s a financial analyst — this is a big resume enhancer. Would you rather take pension advice from a guy with no savings and a mountain of debt, or from a guy who paid off his mortgage in 3 years? I’m sure he’s going to attract a lot of new clients.
With liberals it's almost a reflex to hate responsible people who make them look bad.
I understand the idea of self-promotion. Maybe he can write a book about his experiences and try to make even more money. Again, I think what he did is admirable. I just wouldn’t post pictures of myself burning my mortgage slip, etc.
Vanity is a tough sin. People that draw attention and want praise for their good deeds bug me. Before I went to college (over 25 years ago) my uncle told me about how my dad paid his way through college. My dad was the oldest of six. Family was poor Irish-Catholic living in the projects.
My dad got into Boston College. He lived at home and took the T to classes. He worked 3 jobs - food service at the school, a car wash, and a meat-packing plant (as a side note, to this day, my dad won’t eat hotdogs after seeing them made in that plant). After he graduated he went to OCS and became an officer in the Navy.
The point being, he didn’t brag about this or beat me over the head with stories of how hard he worked. He just did it and drove on with his life. It took my uncle telling me to know about those jobs. I knew he was in the Navy of course. Anyway, that made me work extra hard to try and earn a scholarship to college. I did (4-year ROTC) and my parents didn’t have to pay a thing. I’m a few months away from retiring from the Army.
Sorry for the rant. The world could use more people like this guy, but then of course all the restaurants would go out of business.
I get it. I know it’s a minor quibble. Again I think what he did was admirable.
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