Originally Posted by Nova
Welcome to the board. Are you and DW still working or just her? Look forward to your posts.
She is about 5+ years younger and a corporate warrior. I actually quit working the year I made a 4x multiple of what I did at my vocation (medical provider) just investing and took care of investing, kids, and some real estate investments that did pretty well for us. She had to travel a bit with short notice so my flexibility with the kids was pretty important. We had been paying a hefty sum for two kids for day care. That was 10 yrs ago. Markets were never quite that generous since.. lol
We could have retired then to a cheaper community, but wife wanted the bells and whistles in retirement that could make it fun and not just existing. She also said she just was not ready to retire and she found her position kind of exciting and she was too energetic then not to be working. Insurance is always a concern with early retirement as well.
I have also done a lot around the home to cut out expenses we might have had to hire others for, or had the time to shop the bargains and find the repair parts to fix things myself. Indeed when we replaced the washing machine it was more that we wanted a new one rather than I could not have fixed it.
Kind of hard to admit that except for a few years around college I have never worked for anyone except self employment. Construction, education, and medicine background.. what a wierd mix.
I did a bit of work on the side with a local boys and girls club when our kids were there, coaching and volunteering for various projects.
We've flipped a couple RE things where I put in sweat equity, and expect to make a pretty nice profit in this home when we downsize despite the market drop. We have an additional RE property that will probably be sold for a loss but neither carry and debt. I'm kind of Dave Ramsey about debt, never saw one I liked.
Plans involve a warmer climate and a community with cheaper living expenses. I want to build a very energy efficient house or retrofit a ranch home to that level. Honestly I think we could live in other communities and make a house payment for just our property taxes alone here.
Thank you all for the warm welcome. Off to see the play Les Miserables on our date night.