We've had some strict financial goals the last two years. Ones that at times have made me cry. Other times made me happy for how far we've come.
Shea bought a condo before we were married, which was a great decision when the market was awesome, and he thought he'd live there for a long time. Then he got married, the market tanked, we moved to Kansas City and had the choice between selling and losing $40,000 or becoming landlords. We chose the latter.
If you want to be bored with the details: The mortgage is 80/20 with the 20 percent borrowed from a private group and the 80 percent from a major bank. For the last two years, we've been paying more than five to seven times the minimum on the 20 percent loan. It's a significant chunk of change each month (actually, it's almost my entire paycheck. I find this moderately demoralizing.), and the rent we charge covers the 80 percent part of the loan plus condo association fees only.
So we sacrificed. A lot.
...we made the last payment.