Packing isn’t fun however it’s a means to an ends.  This week we started to go hard on packing up the condo.  It’s quite a change for us going from a place we owned to a place we are now going to rent.  Which by the way is a great place with great landlords.  Landlords that want to donate 15% of our rent to a charity that we get a hand in helping pick.  Who does that these days?  That is quite impressive.  I think it’s a sign that we are doing the right thing.

So renting isn’t a bad thing.  I’ve crunched the numbers and we will save more money then our condo will ever appreciate in value and for damn sure more then we will ever pay off on our mortgage in the first 10-15 years.  Almost all mortgages are front loaded where the bank will get all their interest at the beginning.  I’d rather give someone who is going to donate part of my rent to a charity then give it to some money hungry bank that doesn’t give a rats ass about us. 

I also have to give a shout out to a friend who rented before they purchased or are purchasing their house.  I used to bug him so much about renting, saying why don’t you own, why are you renting, blah blah.  He had it right, he was doing what successful people do, save up BEFORE getting a mortgage.  I don’t know if he saved up enough to buy the whole house in cash however I do know he’s FAR better off then most people.  I have to give him credit because he did the opposite of the masses and despite ridicule he stuck to his guns.  Same idea for what we are doing, sticking to our guns and doing what we know is right and what most are not willing to do.

We will rent for the next few years debt free.  We will only have the car payment for another few months and then we will be 100% debt free. The stress that will be lifted with that will be unreal.  I cannot wait for this.  Being in debt is NOT something we will repeat.  So we will be renting here in Edmonton for the next 2-3 years and then move out to Kelowna where we have been wanting to raise our family.  As we move out there we will rent for a few more years, get an idea of where we want to build or buy a place and build it in cash.  Mock me, say it won’t happen, say I’m crazy, but I will do it.  The more you say I cannot do it, the more it will just fuel my fire to do it. So bring it on

Kelowna here we come…