Having a large loan such as a mortgage hanging around your neck is not good for you or your family. It would be much more beneficial for you to pay off this loan early so you can enjoy retirement. The main problem most people have is they get the idea and then never put the plan into action.
Firstly, calculate a realistic target for you to hit. When I first started I wanted to pay an extra 50% of my mortgage per month. That doesn't mean actually paying it all of the time but for example if my mortgage was £1000 then I would try to save / pay off an extra £500 per month. When a remortgage deal comes around usually at the end of the fixed rate, my online earnings combined with savings would pay a nice chunk off of the loan.
On the average 2 year mortgage deal I would have saved an extra £12,000 plus interest (when we used to get interest).
Each time I do this I am lowering the interest payments and I am able to pay off more each year and my online earnings are increasing with experience. What you get in the end is a mortgage paid in full, more disposable income to invest before you retire and a large income based on your online activities.
Your mortgage is the most valuable commitment, treatment of this loan should be you highest priority. You should always speak to a financial advisor before taking any action. Any financial advisor will tell you to pay off any debt before investing. They same goes for credit cards and other loans.
You can find idea's and methods to make money online here You can also find more mortgage related content here
Graham J Head
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