Quote:
Originally Posted by Flash68
You're retired, right Lance? I don't blame you one bit. I don't want a big mortgage when I retire either.
Not sure who is telling you to have a bigger mortgage then you're comfortable with, but they suck. 
Who isn't full of SH%$ around here? 
I just assumed you graduated from Investing 101 already.... my bad.
All joking aside, what is clearly illustrated in this discussion is the fact that we all have different situations.... different risk tolerances... and our differing ages and earning power drives a lot of these things. And that's why it's an Investing 102 discussion I guess. 
I am happy whatever you are doing is working for you.
You are still without a cool car so you currently suck.  |
I have three cool cars, they are all paid for.
My strategy will stay similar. I like a small to no mortgage on my primary, invest 15% of gross income into retirement (half into vehicles I can access like individual stocks or an index fund to give me flexibility for opportunity), and take advantage of the real estate cycles. Try to buy low and sell high with investment properties when the numbers are great and the market is pessimistic. This is what I know and I'm content with where it got me at 41. Get rich quick, hardly, but I like the view from the tortoise. I don't have the desire to start over if I can help it.