Order an amuration schedule from your mortgage company. Pay your regularly monthly payment and then drop down to the next month and pay only the principal amount. Continue to do this and your home will be paid off in half the time.
Do you have money coming back from income tax? Could you be one of the luck ones that puts the refund check in the bank just to draw interest? No, No, No, pay it on your mortgage. This may cut several months off your note by applying it to the principal.
If you have an automobile payment or some other bill that you have with interest make sure you apply your extra money on that bill before you pay on your mortgage because you might be able to itemize on your income tax and write off your mortgage interest.
These steps have helped me out. I bought my first house when I was 20 years old. I didn't make much money as a single young female but I applied these techniques and had my first house paid in 7 years.
Mutual Fund To Check Out
I was recommended to check out Vanguard mutual funds. I am a day trader so I done some digging into there fund family. I was very impressed with the over all returns so I invested into this fund family and within 4 weeks I am already making a profit. Depending on your age and circumstances a Roth IRA is a very good way to go in the long run. Check out the Vanguard overview and it maybe a good fund for your portfolio as well.