Mortgage Free in New Jersey on a $750k Home | Bobby Richardson

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9 • 604 Ratings

🗓️ 27 May 2026

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

What would it feel like to never make a mortgage payment again? In this episode, we talk with Bobby Richardson from New Jersey about how he and his wife Alexandra paid off their $242,000 mortgage in just 10 years and became completely debt free on their home. We discuss the emotional side of homeownership, the desire for certainty in an uncertain world, and why becoming mortgage free gave their family peace of mind. Bobby also shares the practical strategies they used to make it happen, including increasing their income, staying aligned as a couple, and maintaining an achievement mindset throughout the journey. If you’ve ever wondered whether paying off your mortgage early is worth it, this conversation will give you a transparent look at both the math and the meaning behind becoming mortgage free. RESOURCES Mortgage Payoff Calculator: https://marriagekidsandmoney.com/calculators/mortgage-payoff/ Own Your Time: https://marriagekidsandmoney.com/book Barbell Financial (Bobby Richardson): https://www.barbellfinancial.com/ HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Host: Andy Hill Editor: Johnny Sohl Podcast Support: Michelle Ahmed Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is sponsored by my new book, Own Your Time.
0:02.7	I wrote it for parents who are doing everything right on paper, but still feel stretched thin.
0:07.6	Own your time gives you a clear path to take back control of your money, your work, and your family time.
0:13.4	Find it on Amazon or Barnes & Noble. Own Your Time by Andy Hill.
0:19.0	Everything seems like a win or no-brainer when things are going well. We've got a good job, you've got a good income, you're healthy, job market is strong, stock market is strong. Everyone's a winner. Everyone's a genius, right? But what happens when you've got your low interest rate mortgage and then you lose your job? And the job market right now is not great. The job market doesn't care how low your interest rate is. Your wife is not going to care how low the interest rate is when you can't make the payment.
0:43.8	How would you like to own your home outright? What would it feel like to never make a mortgage
0:50.3	payment ever again? On our mortgage-free segment today, we're going to interview
0:54.3	Bobby Richardson from New Jersey. Recently, Bobby and his wife, Alexandra, became mortgage-free.
1:00.2	Today we're going to learn how they accomplish this family financial goal and what they're doing
1:04.1	with their money now. Welcome to the show, Bobby. Thanks, Andy. Appreciate you having me today.
1:08.1	Absolutely, man. This is always fun to talk about mortgage-free stories, and I'm excited to share yours today.
1:13.5	Let's start off with the Mortgage Free Three.
1:15.9	These are three quick questions that I have for you, and you can share your transparent
1:20.3	story with everybody.
1:21.5	The first one is, what was your starting mortgage principal balance?
1:26.2	So starting balance was $242,000, to be exact.
1:30.4	Awesome.
1:30.9	242.
1:31.6	Very cool.
1:32.1	And how long did it take you to pay off 242?
1:34.9	So from the moment we actually got the mortgage to last payment was 10 years.
1:39.1	10 years.
	...

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