When I was a youngster living in California I thought it'd be really cool to do the annual Walkathon (walking marathon). It was a 20 mile course and it took the better part of the day to complete. It was for a good cause, the fight against Muscular Dystrophy as I recall. While it was a selfless act aimed at doing my small part in the battle against a debilitating disease, it isn't as if I personally got nothing out of it. First of all, I received the greater joy of giving. I also got the really cool feeling of accomplishing something I still think is extraordinary: I walked TWENTY STINKING MILES! It started off fun. Thousands of people all excited and eager to reach the goal of walking all those miles for a good cause. Then, as the miles drew on, it just got harder and harder. The crowds began to thin and there were noticeably less and less people walking the walk as the day drew on. Some simply got tired, others bored, having lost their enthusiasm. Now understand that you're not obligated to complete a Walkathon in order to benefit the cause. You'll get credit for each mile you walk as you pass the checkpoints and get your card stamped. Then your sponsors--who agreed to contribute "x" amount of money per completed mile--would be obligated to donate the resulting sum. It's a neat concept and one not too dissimilar to paying off one's mortgage(s).
As you can see, we've paid off nearly a third of our total rental real estate mortgage debt this year alone. I don't know if we can keep the same pace up this year or not. I have some dental work I need done as well as a trip to England & Ireland we are saving for. That trip will be paid off before we take it, rest assured.
I still lack two more checkpoints to finish this rental mortgage Payoffathon. I should be able to accomplish that in approximately 2.5 years or a mere thirty months. At that point I could conceivably go from semi-retirement to early retirement. I relish the thought of greater freedom. Freedom to pursue more fully the things that bring the greatest pleasure and fulfillment. That's the goal. That will be the final stamp on my Rental Mortgage Payoffathon.