Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 06-10-2011, 05:24 PM   #61
Full time employment: Posting here.
Ronnieboy's Avatar
 
Join Date: Feb 2008
Posts: 646
Man, I am over paying for everything.

Natural gas and electric is about $5400/yr (equal pay on both)
Water/Sewer/Garbage $1320/yr
Prop tax $3500
Homeowners ins $720
3/4 acre, 3800 s/f livable, 3300 unfinished basement.

Still need to get that windmill to offset the electric bill
__________________

__________________
I don't want to spend my entire life at work. I deserve more. - Want2retire aka W2R
Ronnieboy is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-14-2011, 12:31 PM   #62
Thinks s/he gets paid by the post
Koolau's Avatar
 
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 3,242
Haven't gotten into this interesting discussion because of our annual trek to the great prairie. Just got our internet turned back on here.

Actually, our 1100 sf 2/2 condo in paradise is free, but our picture-window view of the Pacific ocean costs about $6500 HOA/Bldg. Maint & water, about $600 elec., $1500 property tax, $400 Condo insurance. Maybe $1000 for minor repairs/improvements/consumables/etc. (Total - about $10K) I don't count cable/internet, phone, etc. in housing costs - just my thing to do it that way. No mortgage (now). Not sure how to deal with "opportunity" cost. I simply "assume" that the value of my condo goes up (on average) as if it were an "investment" - making it all a wash. Don't know if that is (or will be) true, but don't know any better way to figure it for my situation. Recent prices of sales in our area suggest this is an acceptable way to figure it. YMMV
__________________

__________________
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
Koolau is offline   Reply With Quote
Old 06-14-2011, 01:13 PM   #63
Recycles dryer sheets
Beryl's Avatar
 
Join Date: Jun 2007
Posts: 413
I paid off the mortgage before retiring in January so I won't include it for comparison purposes.

Standard Home Expenses
. Mortgage $0
. HOA $1000
. Insurance $1000
. Yard work & Snow Removal $2000
. Property tax $3000
. Maid service $1000
. Water/Gas/Electricity $2500
. Phone & Internet* $1000

Total ~$11,500

*Internet is a necessity for my home but Cable TV, TiVo, and other home entertainment is excluded.

There will always be home projects like a backup home generator and webcams this year and 3 new garage doors next year. $5000 annually for these things is in the budget.
__________________
Retired - Class of 2011
Beryl is offline   Reply With Quote
Old 06-15-2011, 02:56 AM   #64
Thinks s/he gets paid by the post
 
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,136
Not sure why any of you would be interested but here goes: 3 places( city condo 1800sf: lake house 3000sf: mountain house 3500sf). Condo costs about $25k per year, lake house about $50k per year, and mountain house also about $50 k. Obviously expensive but an integral part of our lifestyle.
__________________
Danmar is offline   Reply With Quote
Old 06-15-2011, 03:19 AM   #65
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Mortgage 0
Property Taxes 2,000
Monthly assessment 4,000
Electric 240
Home Insurance 220

ANNUAL TOTAL about 6,500
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 06-15-2011, 04:08 AM   #66
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Why is it dangerous to put actual amounts ? As long as you do not give your name and address, you will remain anonymous - correct ? Assuming other posters tell the truth, I actually find many of these threads quite helpful.

Quote:
Originally Posted by Enuff2Eat View Post
Also, "I do not feel comfortable giving actual $ amounts". I agree with that part, it's quite dangerous to put real number out there but I am hoping that noone here know who I am and we all remain "faceless". :-)

enuff
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 06-15-2011, 08:26 AM   #67
Recycles dryer sheets
 
Join Date: Feb 2011
Location: anywhere usa
Posts: 246
With enough posts on a message board, it's not too hard to figure out the real person behind the fake handle. If someone's expenses stand out enough to make them of interest, I can see not wanting to post real numbers.
__________________
pimpmyretirement is offline   Reply With Quote
Old 06-15-2011, 09:01 AM   #68
Full time employment: Posting here.
 
Join Date: Jul 2007
Location: ST LOUIS
Posts: 993
Quote:
Originally Posted by obgyn65 View Post
Mortgage 0
Property Taxes 2,000
Monthly assessment 4,000
Electric 240
Home Insurance 220

ANNUAL TOTAL about 6,500
That's awsome for a doc.
__________________
Proverbs 15:22 Designs are brought to nothing where there is no counsel: but where there are many counsellors, they are established.
rec7 is offline   Reply With Quote
Old 06-15-2011, 09:02 AM   #69
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,717
Send a message via Skype™ to kcowan
Quote:
Originally Posted by Danmar View Post
Condo costs about $25k per year, lake house about $50k per year, and mountain house also about $50 k. Obviously expensive but an integral part of our lifestyle.
Does the $125k represent 30% or less of your normal income? I assume there are no mortgages in those numbers.
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 06-15-2011, 06:05 PM   #70
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
I live below my means as I have been planning to retire in 2012, age 47.

Quote:
Originally Posted by rec7 View Post
That's awsome for a doc.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 06-15-2011, 06:15 PM   #71
Full time employment: Posting here.
 
Join Date: Jul 2007
Location: ST LOUIS
Posts: 993
Good for you many of them do not. I am sure you know what I am talking about.
__________________
Proverbs 15:22 Designs are brought to nothing where there is no counsel: but where there are many counsellors, they are established.
rec7 is offline   Reply With Quote
Old 06-15-2011, 10:07 PM   #72
Thinks s/he gets paid by the post
 
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,136
Quote:
Originally Posted by kcowan View Post
Does the $125k represent 30% or less of your normal income? I assume there are no mortgages in those numbers.
No mortgages. Represents about 15% of normal spending/income.
__________________
Danmar is offline   Reply With Quote
Old 06-15-2011, 10:17 PM   #73
Recycles dryer sheets
 
Join Date: Oct 2005
Posts: 443
Quote:
Originally Posted by Danmar View Post
No mortgages. Represents about 15% of normal spending/income.
danmar, I glad to hear you're done quite well. Mind to share how and what you do to accomplish such success?? and mind if I borrow one of those unit on one of the weekend that you're not using? :-)
__________________
Enuff2Eat is offline   Reply With Quote
Old 06-15-2011, 11:32 PM   #74
Dryer sheet aficionado
Pete44's Avatar
 
Join Date: Mar 2010
Location: Phuket
Posts: 37
This thread has been interesting. I think it would have been better if you stated where you are. I surprised by taxes and utility costs for some.

I'm in a luxury 2 bedroom condo overlooking a few pools with a five minute run to the beach in Thailand.

Rent is $9000 a year. Utilities, internet and cable are $320. No insurance, don't have many possessions. Utilities are cheap because I don't use A/C. I could easily live for about 40% less but I love the pool and the amenities. Less than that in a area not near the beach.
__________________
Author of The Essential Thailand Retirement Guide
Pete44 is offline   Reply With Quote
Old 06-16-2011, 10:35 AM   #75
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,717
Send a message via Skype™ to kcowan
Quote:
Originally Posted by Enuff2Eat View Post
danmar, I glad to hear you're done quite well. Mind to share how and what you do to accomplish such success?? and mind if I borrow one of those unit on one of the weekend that you're not using? :-)
Actually we have done home swaps with people who have second homes. They are non-simultaneous swaps and very flexible, provided you can time the swaps. In our case, they came to our home in Vancouver when we were down south, then we used their cottage in the summer. It worked really well.

Now we sublet our place in Vancouver so have no free cottage to use anymore.
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 06-16-2011, 11:23 AM   #76
Thinks s/he gets paid by the post
 
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,136
Quote:
Originally Posted by Enuff2Eat View Post
danmar, I glad to hear you're done quite well. Mind to share how and what you do to accomplish such success?? and mind if I borrow one of those unit on one of the weekend that you're not using? :-)
Described in detail several times in earlier posts. I think some might be sick of hearing it. We often lend our places to close friends and relatives.
__________________
Danmar is offline   Reply With Quote
Old 06-16-2011, 11:31 AM   #77
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Quote:
Originally Posted by Danmar View Post
Not sure why any of you would be interested but here goes: 3 places( city condo 1800sf: lake house 3000sf: mountain house 3500sf). Condo costs about $25k per year, lake house about $50k per year, and mountain house also about $50 k. Obviously expensive but an integral part of our lifestyle.
Rub it in, Dude, rub it in!

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is online now   Reply With Quote
Old 06-16-2011, 11:39 AM   #78
Recycles dryer sheets
 
Join Date: Oct 2005
Posts: 443
Quote:
Originally Posted by kcowan View Post
Actually we have done home swaps with people who have second homes. They are non-simultaneous swaps and very flexible, provided you can time the swaps. In our case, they came to our home in Vancouver when we were down south, then we used their cottage in the summer. It worked really well.

Now we sublet our place in Vancouver so have no free cottage to use anymore.
So you don't mind adding another friend to your list, right?? I can be family too. ;-)
__________________
Enuff2Eat is offline   Reply With Quote
Old 06-16-2011, 11:40 AM   #79
Recycles dryer sheets
 
Join Date: Oct 2005
Posts: 443
Quote:
Originally Posted by Danmar View Post
Described in detail several times in earlier posts. I think some might be sick of hearing it. We often lend our places to close friends and relatives.

sorry last message was meant for Danmar.
__________________
Enuff2Eat is offline   Reply With Quote
Old 06-16-2011, 01:40 PM   #80
Thinks s/he gets paid by the post
 
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,136
Quote:
Originally Posted by haha View Post
Rub it in, Dude, rub it in!

Ha
Certainly not my intention. Agree we are very fortunate.
__________________

__________________
Danmar is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
LBYMers, Could You Spend $300k A Year? RetiredGypsy FIRE and Money 223 04-05-2011 04:05 PM
50 year success rate higher than 30 year robbridg FIRECalc support 4 02-23-2011 10:04 AM
10-Year Old Releases Demon of 55-Year Old Opera Singer calmloki Other topics 9 08-12-2010 12:09 PM
Interest payments *increase* year-to-year on a fixed loan?? CompoundInterestFan FIRE and Money 10 02-29-2008 12:05 PM
44 year old woman takes advantage of 13 year old boy Dawg52 Other topics 37 05-25-2006 12:15 AM

 

 
All times are GMT -6. The time now is 03:19 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.