Reply to HHI $250k what would you spend on mortgage?

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Reply to "HHI $250k what would you spend on mortgage?"

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[quote=Anonymous][quote=Anonymous]This all really depends on what your life goals are. 
1. Do you want to find your kids entire college education? Are you willing to send them to a private or OOS school if that’s the best fit?
2. Do you want to retire before 60?
3. Do you want flexibility to weather a financial storm or a severe illness?
4. Are you OK living on the edge?
5. If you lost your house would you be ok with that, meaning could you mentally handle that?
6. Are you OK being the one in your peer group who is strapped? Or do you prefer to be able to vacation and have experience that cost money?
7. Do you want to have a large and diverse investment portfolio or are you ok with just the 401k and maybe a modest 529?

It’s all individual. Most people couldn’t live like me. I bought my house in cash in 2009 and still live here. I carry no debt whatsoever for personal purchases. We do carry debt for our 3 income generating rental properties. We escape to ski out west any chance we get. College is approaching for us and our kids can go wherever they choose.  We will not be working at our current capacity past age 58. It took a lot of sacrifice in our 20s and early 30s, but it has really paid off. Our biggest “mandatory” expense is our real estate tax bill in our primary residence.

I can see what is also appealing about yolo. It’s just dependent on your mindset and goals in life. [/quote]

What’s your net worth?[/quote]

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