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Joined: Aug 2016
Posts: 426
Campfire Member
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Campfire Member
Joined: Aug 2016
Posts: 426 |
Same house and same spouse is what a retiree told me was the key to wealth.
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
Raised the rent $400 a month on my rental. Interest rates have people hesitant to buy. Last renter moved out this week,....got 4 people lined up to view it tomorrow.
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Joined: Nov 2002
Posts: 33,751 Likes: 6
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,751 Likes: 6 |
Same house and same spouse is what a retiree told me was the key to wealth. A job that pays well helps some too.
Conduct is the best proof of character.
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Joined: Jun 2020
Posts: 10,185 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2020
Posts: 10,185 Likes: 5 |
Same house and same spouse is what a retiree told me was the key to wealth. A job that pays well helps some too. You’re not wrong BUT great life choices never hurt either. One house and especially one spouse combined with a solid retirement plan is the easy button. I’m sure that you know that.
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Joined: Jan 2012
Posts: 955
Campfire Regular
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Campfire Regular
Joined: Jan 2012
Posts: 955 |
$100,000.00 @ 3% fixed for 30 years = around $80,00.00 interest.
Oh yeah, that's 'free' money that only costs $55.00 a week.
The financial institutions of America love you guys. Just depends on what you could do with that 100k if you didn't dump it into a house. Pay rent?
You can easily vote your way in to Socialism; but you'll have to shoot your way out.
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Joined: Nov 2002
Posts: 33,751 Likes: 6
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,751 Likes: 6 |
Same house and same spouse is what a retiree told me was the key to wealth. A job that pays well helps some too. You’re not wrong BUT great life choices never hurt either. One house and especially one spouse combined with a solid retirement plan is the easy button. I’m sure that you know that. I guess I do though I haven't experienced some of it.
Conduct is the best proof of character.
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Joined: Nov 2002
Posts: 33,751 Likes: 6
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,751 Likes: 6 |
The fact of the matter is for the majority of people zero debt is the right answer while for others it is not. We make our choices.
Conduct is the best proof of character.
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Joined: Aug 2002
Posts: 37,924 Likes: 2
Campfire 'Bwana
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Campfire 'Bwana
Joined: Aug 2002
Posts: 37,924 Likes: 2 |
Same house and same spouse is what a retiree told me was the key to wealth. A job that pays well helps some too. You’re not wrong BUT great life choices never hurt either. One house and especially one spouse combined with a solid retirement plan is the easy button. I’m sure that you know that. A divorce from even that one spouse can sure be a torpedo hit below the waterline tho.
"...if the gentlemen of Virginia shall send us a dozen of their sons, we would take great care in their education, instruct them in all we know, and make men of them." Canasatego 1744
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Joined: Oct 2006
Posts: 4,237
Campfire Tracker
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Campfire Tracker
Joined: Oct 2006
Posts: 4,237 |
Paid it off almost 3 years ago. Built in 1993. According to Zillow worth almost 2 1/2 times what we bought it for.
Someday I hope to be the person my dogs think I am . . . The only true cost of having a dog is its death. Someone once said "a nation of sheep will beget a government of wolves." Shiloh Sharps . . . there is no substitute. NRA Endowment Member
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Joined: Aug 2003
Posts: 1,916
Campfire Regular
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Campfire Regular
Joined: Aug 2003
Posts: 1,916 |
Listening to Dave Ramsey and he makes is sound like a rare thing to actually own your own home (no mortage).
I'm personally not there yet, getting close $13,500 to go on a $479K property (according to Zillow). Should have it knocked out by middle of next year. I'll be 55 years old when that last payment is sent in.
How about you? Paid off house? How old? What's it worth?
I wonder if Campfire members are a little more responsible than the norm? or not? One is and one isn’t. It is relatively rare to own your own home. With a 30 year loan, if one never moved, many more would be paid for. But with every move or refinance, the mortgage thing starts over. Remember Dave Ramsey is the guru of Joe Sixpack. If your situation is more complicated than that, his advice is not always correct.
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Joined: May 2011
Posts: 56,326 Likes: 9
Campfire Kahuna
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Campfire Kahuna
Joined: May 2011
Posts: 56,326 Likes: 9 |
Me and the missus are thinkin pretty hard of downgrading the driveway from $8 to $3. Thataway we can spend a little more on new tarps for the roof. Thankfully we can still get the old tires we need to hold it down down at Chuck's Spin and Grin Tire Shop. Lookin forward to the day the T1-11 gives out an we can go straight tarpaper. Tough and looks good too.
We gotta good thing goin here.
_______________________________________________________ An 8 dollar driveway boy living in a T-111 shack
LOL
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Joined: Feb 2006
Posts: 43,930 Likes: 12
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 43,930 Likes: 12 |
And like Gruff said, is the rest of your chit paid off?
Boats, tats, bedroom sets, etc...
Last edited by SamOlson; 10/28/22.
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Joined: Aug 2022
Posts: 1,994 Likes: 2
Campfire Regular
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Campfire Regular
Joined: Aug 2022
Posts: 1,994 Likes: 2 |
I'm in my 30s and we've owned my home for six years now. Its worth about $270,000 and I owe around $70,000 on it. I had a large portion of cash put back I paid initially. The rest, I borrowed in cash from a relative interest-free with a plan to pay it off in ten years which is doable and I've been paying it back in cash as well. Only other payment I have is my pickup truck. Wife's car has been paid for four years now. No credit cards, no boats, no crazy toys or anything other than an old project car and an old project truck that don't eat anything.
If we buckled down, we could pay the house off in a year or so.
Last edited by drop_point; 10/29/22.
"Full time night woman? I never could find no tracks on a woman's heart. I packed me a squaw for ten year, Pilgrim. Cheyenne, she were, and the meanest bitch that ever balled for beads."
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Joined: Nov 2002
Posts: 33,751 Likes: 6
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,751 Likes: 6 |
And like Gruff said, is the rest of your chit paid off?
Boats, tats, bedroom sets, etc... Still owe on the boob job and azz enhancement work. The rest is clear.
Conduct is the best proof of character.
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Joined: Mar 2013
Posts: 3,605 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: Mar 2013
Posts: 3,605 Likes: 2 |
Paid it off year ago. It was hard writing a check for 185k. Everyone told me to invest in the market. Bur I suck at it. This way I knew I won’t loose any of it. Nice to be debt feee At 40 Only problem now is I need more write offs. And no good deals on homes right now. But it’s coming
Last edited by Dre; 10/29/22.
All of them do something better than the 30-06, but none of them do everything as well.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
All my guns and optics are paid for.
🦫 I just bought a new 6.5 Creedmoor with a Leupy 3x9.... Mastercard says if I make a $50 month payment in 12 years it will be paid off.... I think that was a smart move... a CREEDMOOR... now I can shoot to 1500yds... that's worth something.. Oh and the house.... rotated the roof tires recently, they last forever...
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Mar 2007
Posts: 1,967
Campfire Regular
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Campfire Regular
Joined: Mar 2007
Posts: 1,967 |
33K left I’ll have that paid in a year and a half( most likely less )30 year mortgage paid in full in14 years. Other than that I’m debt-free :-) I can retire now, making too much money :-) I’ll hang on for a few more years.
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Joined: Aug 2005
Posts: 10,764
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Aug 2005
Posts: 10,764 |
Good to see so many Campfire members in good financial shape. Wonder if we are an anomaly or the real norm? Or if the average age member on here has something to to with it?
A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
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Joined: Jan 2015
Posts: 7,870
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2015
Posts: 7,870 |
We paid ours off 8 or 10 years ago when we were in our early 50's.
Unfortunately, .gov charges me $8000.00 per year to live in my own house.
"Government is not the solution to our problem, government is the problem." Ronald Reagan
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Joined: Oct 2008
Posts: 5,312
Campfire Tracker
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Campfire Tracker
Joined: Oct 2008
Posts: 5,312 |
We paid ours off 8 or 10 years ago when we were in our early 50's.
Unfortunately, .gov charges me $8000.00 per year to live in my own house. boom , we are actually renting our own hard work, back from the .gov at gunpoint if we were all being honest. They use the money for programs for people that wont work hard but vote against us at every opportunity. whats wrong with this equation?
.... like tears in the rain
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