NolaMan
Well-known member
- Joined
- May 5, 2010
- Messages
- 808
- Reaction score
- 203
- Gender
- Undisclosed
- Political Leaning
- Undisclosed
Nolaman, I define rich by what material things I don't need, and what family things I have.
The primary reason we have 2 houses is because we waited too long to put the AZ house on the market, so now we can't sell it, for what we want out of it. Now we have decided to keep it as our winter home.
I feel rich with about $800K in property and IRA assets, and a bit over $100K in annual retirement income that we can't lose. Total debt is $40K. Cars are old, a 2000 Impala, 2002 Silverado, and a 1980 Diplomat coupe.
Retirement is great. You don't have to fear losing a job if you don't need one...
I will never knock you for having more than one house, honestly we have more than one as well. I am just of the opinion that the whole concept that the "rich can foot the bill" for basically everything this country wants to enact is ridiculous.
For all who are reading, forget about SS. Prepare for your retirement as tho it won't be there....
Complaining about taxes is time wasted. Put your time to better use. Get more education, seek better employment. Pay down the mortgage, which should be your ONLY debt. Doesn't hurt to marry a smart person and get him/her to agree to a long term plan that leads to financial security...
Guys, marry a teacher. They can hit the work force as soon as the youngest child starts first grade. AND, if you don't do it right the first time, she makes you do it over...:2razz:
I am torn on this, I am preparing as if I will never get it, but at the same time I think if I pay into it my whole life, I ought to get something back.