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Reply to "The best financial decision you ever made"
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[quote=Anonymous]Bought a much, much, much cheaper house than we could afford. Bought a lovely house in a neighborhood that boasts of all conveniences that we were looking for - but with poorly rated public schools. Kids went to magnet schools with a bit of enrichment at home. We bought the new spacious SFH around 20 yrs ago for what seems like peanuts now. It has doubled in value now. At the time we bought the house it was 2 times our annual HHI. The fact is that we will not be selling the house because of how convenient it is for us, but having a ridiculously low mortgage and at a low interest rate, allowed us to save for college, retirement, live a debt free life, vacation in foreign countries, have a twice weekly maid service, pay for tutors and EC activities for our kids, allowed me to SAHM etc. BTW - the decision happened not because we were financial geniuses but needed to live close to family for our kids. Lots of luck was involved in buying the house when we did because it the housing market was at rock bottom. Finally, we have always lived, saved, invested only one salary. The second salary was always saved, invested and forgotten about. It was only recently we have started to include it in our retirement calculation. [/quote]
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