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Reply to "What %age of your total assets is your home value?"
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[quote=Anonymous][quote=Anonymous]75% Paid-off condo = $685,000 Total net worth = $910,000 Unlike others here, I don’t believe that low-interest debt is a gift from the gods. Not having a mortgage makes my life so easy and stress-free, despite the fact that I don’t have a super high income. My monthly expenses are under $3,000 so I have a huge margin of safety every month. Also, it allows me to live in a great condo in a great location, which is important to me. Travel, dining out, etc. are totally unimportant to me, so I have spent a lot (relatively) on the one thing that matters to me.[/quote] Are you not worried about only having 225k in assets outside your home though? Will you have a pension or something? For retirement, 225k will only generate $750/month and that's before taxes and doesn't include any buffers for emergencies, long term care etc.[/quote]
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