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  #11  
Old 01-18-2019, 01:36 PM
Rapscallion St Croix's Avatar
Rapscallion St Croix Rapscallion St Croix is offline
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We own our house, car, and motorhome outright and could not maintain our current standard of living on $50K per annum. This is mainly due to the fact that we spend at least three months on the road in the RV every year. With fuel, insurance, maintenance, wear and tear, it costs about a buck a mile to operate the motorhome. Average nightly stays are about 40 bucks. Without the "Beast", we could probably be pretty comfortable at $50K.
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As to no mortgage
  #12  
Old 01-18-2019, 01:45 PM
thetruth thetruth is offline
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Default As to no mortgage

Finance and mortgage is yet another distorted by government insanity.
They cannot hold your age against your ability to quality for a mortgage. So you can be 80 and take out a 30 year mortgage.
I've not looked in a while but the interest on a 30 year mortgage is below 4%. Stock market returns long term is 8%.
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  #13  
Old 01-18-2019, 01:50 PM
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Chi-Town Chi-Town is offline
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Originally Posted by Fraugoofy View Post
I don't eat out much. I can make better food at home. I have zero debt. I own a rental and a home in TV, a golf cart and a car. I own a home in Wisconsin. My rental pays all my bills for my homes.

I travelled last year to Italy, Cancun, Vegas, Riveria Maya and Punta Cana.

I use many many ways to save money on groceries, including Ibotta, saving star, etc. I don't buy anything I don't need. I don't shop in brick and mortar stores much. I shop estate sales, garage sales and online.

I am 50 years old... and have earned every penny I have. I did not win the lottery or collect an inheritance. I believe in the value of hard work and living below my means.

When people ask if they can live on 48k a year without providing specifics about lifestyle or debt, it's a difficult question to answer. I can only provide my perspective or experience.





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Impressed at how well you live on less than 38k per year. Good for you. Does your rental income figure into the less than 38k figure?

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  #14  
Old 01-18-2019, 03:52 PM
Fraugoofy Fraugoofy is offline
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Impressed at how well you live on less than 38k per year. Good for you. Does your rental income figure into the less than 38k figure?

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Before or after expenses?

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  #15  
Old 01-18-2019, 06:08 PM
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CFrance CFrance is offline
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Originally Posted by thetruth View Post
Finance and mortgage is yet another distorted by government insanity.
They cannot hold your age against your ability to quality for a mortgage. So you can be 80 and take out a 30 year mortgage.
I've not looked in a while but the interest on a 30 year mortgage is below 4%. Stock market returns long term is 8%.
Rully. Our broker: Don't use your money; use theirs.
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  #16  
Old 01-18-2019, 09:45 PM
queasy27 queasy27 is offline
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///

Last edited by queasy27; 01-20-2019 at 06:00 AM.
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  #17  
Old 01-18-2019, 09:53 PM
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Before or after expenses?

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Either way. But I'm sure you've got the right formula. You're very smart.


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  #18  
Old 01-18-2019, 10:12 PM
Fraugoofy Fraugoofy is offline
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Either way. But I'm sure you've got the right formula. You're very smart.


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Thanks, Chi. Another thing I have going for me is I am a Packer fan!haha. Peace out!!

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