Reply to Am I home free or kidding myself?

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[quote=Anonymous]There is NO reason you need to spend $500k building a house. Seriously. Spend $300k building the house, $150 on the land and you'll have $250k in the bank. Put it to work and let it earn you some money (roughly $6-7k per year). Re-invest or use that for vacations and what not.

I know it sounds like you can make it right now, but keep in mind a larger house (and pool) come with added expense... a lot of added expense. Yes, you could do retail, but even they often want someone working 30-40 hours a week (do you want to work weekends and evenings away from your child/husband?). Most places will not allow a new employee to only work between 9-3...

In your head I know you have the absolute best case scenario happening, but you need to consider real life here. You need to plan through the worst case scenario's and ensure you'll be able to survive. I couldn't think of anything worse than some bad events happening close together and you all of a sudden need to sell the house and both get full-time jobs. Seriously. Be responsible for your child and don't blow all the cash on a house...[/quote]

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