Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
College and University Discussion
Reply to "FA Question: Inherited house, now worth $1M, now what? "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Look. We earn roughly the same as you do (just under 100k, if you want to split hairs) and we spend about $30K every year on our mortgage. Even figuring $10k of that is property taxes and insurance, which we would need to pay regardless, that's $20k a YEAR of extra spending power that goes to the nice folks who hold our note, instead of to skating lessons and dinners out. Even so, we manage to put a bit aside each month for retirement and college savings. We also trust in the power of compounded growth to turn our little bit into bigger bits over the long run. For your self-described "very long time," you have enjoyed the luxury of having thousands of extra dollars each month to spend (or save) as you will. And so again, I ask you, what have you been doing with it all this time?[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
