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Author: AngelMay Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75794  
Subject: Re: Retiring @ 55 Date: 10/14/2013 10:46 AM
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Thanks a lot AM!! Yeah, the house things uggghhh....and it dropped in value to about $300k. It is a legal two family, we are renting the downstairs and live on the 2nd floor.

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At least you have some money helping with a mortgage you wouldn't need at all if you lived less large. I can't really speak to owning rental property since a landlord is one of the last things I ever want to be. You still have all the expenses and maintenance (and headaches) of a house that is way more than you need.

You make a good deal of money between the two of you. And remember that it's how much you keep that is really important.

I knew a couple once who both worked in the tech industry when computers were just getting their legs, so to speak. While others were trying to buy the best houses they could afford, that couple was renting a TINY little place, furnished. They were saving a TON of money.

You can't change very much what you earn, but you can make major changes in what you keep. And when others are still buried in bills and mortgages and worried about being laid off in their 50s, you could be sitting pretty - all because you were willing to make MAJOR sacrifices today.

Not saying it's easy to watch while your friends live in nice homes while you live in a tiny place they might call a shack. But later it won't be easy for them to watch while you are cruising around the world and they are buried in debt.

Just sayin'

AM
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