After becoming mortgage free, Maya Corbic, CPA and her family of four bought a nicer home. We review why they did this and how the home change affects their plans for family wealth and happiness.

From Piggy Banks to Stocks (book): https://amzn.to/47iTXgb (affiliate)

CHAPTERS
00:00 - Intro - Mortgage Free Living or Bigger Home in Toronto?
01:20 - Mortgage Free 3
01:50 - Reason for leaving the home after paying it off
03:15 - Value of the home when it sold
04:35 - When you started the financial journey
06:30 - Was it difficult getting the husband on board?
07:50 - Expense and Income adjustments
09:05 - Other Real Estate Investing
11:16 - Feelings on debt
13:20 - Money and Kids
15:05 - Third Generation Challenge
20:25 - Lessons for kids on investing and managing finances
22:40 - Planning for children's housing in the future
24:45 - Maya Corbic Book
26:23 - Final - Mortgage Free Living or Bigger Home in Toronto?

#MortgageFree #TorontoRealEstate #SuburbanLife #FamilyFinance #personalfinance

GUEST BIO - Maya Corbic

Maya Corbic is a CPA and a mom, who for the past decade has been teaching kids financial literacy, as well as empowering and inspiring parents to raise their children to become financially independent adults. She is a first-generation immigrant from war-torn Bosnia. Her family lost everything in the war and immigrated with two suitcases and $50 when she was 15. She lived in government housing and shelters, and had two part-time jobs while in high school.

For almost twenty years she also had a career as a CFO, auditor, tax accountant, etc.

When they first got married, Maya and her husband started their lives together in $60,000 of debt (student loans, car loans, etc.), which they paid off including their mortgage within 8 years. She was debt free at 32.

Her vision is to educate every child to become a financially independent adult.

OTHER VIDEOS TO WATCH

10 Incredible Benefits of a Paid Off House
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How We Paid Off Our Mortgage in 5 Years
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Mortgage Payoff Procedure: These 10 Steps Make it Official
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MARRIAGE KIDS AND MONEY:

This award-winning blog, podcast and YouTube channel are dedicated to helping families build wealth and thrive. Each week, Andy Hill shares actionable advice and tips for family financial independence. Also, he interviews personal finance experts, families who've achieved financial independence and debt-free parents to inspire you to do the same.

BIO - ANDY HILL:

Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.

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CREDITS

Research & Writing: Andy Hill
Video Editing: EditVideo.io
Thumbnail: Ardi, The Thumbnail Wiz
Channel Management: Nev Maraj