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Old 10-27-2008, 01:30 PM   #21
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What about a house? Are you going to pay cash for one? Hey, more power to ya........
I do currently have a new mortgage but it's <$30K on a $43K condo. I'll pay it off in between 2 and 10 years depending on if I want to prepay or invest extra in the market. After this mortgage is paid off(probably between age 31 and 35), I will not have any other debt the rest of my life. I drive very little so the 5 year old car I have now(30K miles) should last at least another 15. After that i'll pay cash. I don't plan to purchase another home until I retire and i'll pay cash. If I can't afford to pay cash, I can't afford to retire. Although it's possible i'll never buy another home, I can't see myself living in Wisconsin during the winter after i'm retired. I'll probably buy a small condo in Florida for the winters(I consider winter in Wisconsin to be Nov. 1st thru Apr. 30th) Whatever I can afford to pay cash for.
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Old 10-27-2008, 01:32 PM   #22
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I do currently have a new mortgage but it's <$30K on a $43K condo. I'll pay it off in between 2 and 10 years depending on if I want to prepay or invest extra in the market. After this mortgage is paid off(probably between age 31 and 35), I will not have any other debt the rest of my life. I drive very little so the 5 year old car I have now(30K miles) should last at least another 15. After that i'll pay cash. I don't plan to purchase another home until I retire and i'll pay cash. If I can't afford to pay cash, I can't afford to retire. Although it's possible i'll never buy another home, I can't see myself living in Wisconsin during the winter after i'm retired. I'll probably buy a small condo in Florida for the winters(I consider winter in Wisconsin to be Nov. 1st thru Apr. 30th) Whatever I can afford to pay cash for.
You live in the Sheboygan area, right? I am near Milwaukee...... Maybe we can find enough forum members to have a meeting of the Forumites somewhere.
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Old 10-27-2008, 01:45 PM   #23
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You live in the Sheboygan area, right? I am near Milwaukee...... Maybe we can find enough forum members to have a meeting of the Forumites somewhere.
I live south of Appleton near Hwy 41.
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Old 10-27-2008, 02:21 PM   #24
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I live south of Appleton near Hwy 41.
I live in Germantown...........right down the road. martyB just moved to Janesville...........hey, it's a start........
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Old 10-27-2008, 03:03 PM   #25
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I live in Germantown...........right down the road. martyB just moved to Janesville...........hey, it's a start........
Yes, Germanton is also near hwy 41 but it's about 75-80 miles south of me. Maybe on a nice spring or summer weekend I could make a trip down that way.
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Old 10-27-2008, 04:23 PM   #26
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Yes, Germanton is also near hwy 41 but it's about 75-80 miles south of me. Maybe on a nice spring or summer weekend I could make a trip down that way.
Maybe Lomira..........
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Old 10-27-2008, 04:54 PM   #27
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Maybe Lomira..........
As far as distance, Lomira would be a good compromise but what is there to do there. There's no park, no lake, nothing. I would probably have to come down to the lakeshore on the north end of milwaukee or if MartyB wanted to be involved then Madison would probably be better.
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Old 10-27-2008, 05:05 PM   #28
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I do currently have a new mortgage but it's <$30K on a $43K condo.
A $43k condo? I'm jealous.
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Old 10-27-2008, 05:14 PM   #29
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A $43k condo? I'm jealous.
Don't be too jealous. You get what you pay for. Good enough for me though.
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Old 10-27-2008, 08:36 PM   #30
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I do currently have a new mortgage but it's <$30K on a $43K condo. I'll pay it off in between 2 and 10 years depending on if I want to prepay or invest extra in the market. After this mortgage is paid off(probably between age 31 and 35), I will not have any other debt the rest of my life. I drive very little so the 5 year old car I have now(30K miles) should last at least another 15. After that i'll pay cash. I don't plan to purchase another home until I retire and i'll pay cash. If I can't afford to pay cash, I can't afford to retire. Although it's possible i'll never buy another home, I can't see myself living in Wisconsin during the winter after i'm retired. I'll probably buy a small condo in Florida for the winters(I consider winter in Wisconsin to be Nov. 1st thru Apr. 30th) Whatever I can afford to pay cash for.
Just out of curiosity, are you married? As young as you are, I wouldn't put paid to anything in your life at this point. You're looking at 40-70 years more of living (hopefully), and the only guarantee is it won't happen the way you expect it to. So keep your FICO powder dry.
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Old 10-27-2008, 09:16 PM   #31
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Just out of curiosity, are you married? As young as you are, I wouldn't put paid to anything in your life at this point. You're looking at 40-70 years more of living (hopefully), and the only guarantee is it won't happen the way you expect it to. So keep your FICO powder dry.
No, i'm not married. Unless I accidently get a women pregnant I won't be getting married or having kids. With my life expectancy i'd say i'm looking at 30-50 more years(hopefully) not 40-70. However, I know "life happens" so I will do what I can to keep my FICO aove 720.
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