A mortgage is your portal to a white-collar eternal hell; I'd never do that to myself.
It's no so bad when you have a 15 year mortgage with a fixed rate below inflation.
You're still going to think twice before deciding to quit your job if you have a mortgage to pay, which may force you to accept abject situations. 15 years are a long time; at some point it may become in your best interest to leave your current job, or to quit to attend to personal matters. The economy might go tits up, in which case you'll find yourself unwillingly unemployed for God knows how long.
But I understand that a mortgage isn't anything out of the ordinary in the U.S, which is astounding. I'd never do it myself as I try to live by the maxim of living within one's means not only because it's virtuous, but also to protect my liberty; financial subjugation is cruel and unforgiving.
A mortgage is your portal to a white-collar eternal hell; I'd never do that to myself.
It's no so bad when you have a 15 year mortgage with a fixed rate below inflation.
You're still going to think twice before deciding to quit your job if you have a mortgage to pay, which may force you to accept abject situations. 15 years are a long time; at some point it may become in your best interest to leave your current job, or to quit to attend to personal matters. The economy might go tits up, in which case you'll find yourself unwillingly unemployed for God knows how long.
But I understand that a mortgage isn't anything out of the ordinary in the U.S, which is astounding. I'd never do it myself as I try to live by the maxim of living within one's means not only because it's virtuous, but also to protect my liberty; financial subjugation is cruel and unforgiving.
Well, I've only got about 12 years left, I pay extra principle on a monthly, have nearly a year's safety net in savings, the wife works, and I'm in a financial position where I can early much less than my current salary and still pay my bills.
I live well below my means...no cell phone, no cable TV, no car payments, substantial savings...
@bforrester420: I could afford 15 years but I decided to go with 30 for 'just in case' situations. I pay more than the minimum monthly payment. I may refinance later. Soon I won't have car payments so that will help.
A mortgage is your portal to a white-collar eternal hell; I'd never do that to myself.
It's no so bad when you have a 15 year mortgage with a fixed rate below inflation.
You're still going to think twice before deciding to quit your job if you have a mortgage to pay, which may force you to accept abject situations. 15 years are a long time; at some point it may become in your best interest to leave your current job, or to quit to attend to personal matters. The economy might go tits up, in which case you'll find yourself unwillingly unemployed for God knows how long.
But I understand that a mortgage isn't anything out of the ordinary in the U.S, which is astounding. I'd never do it myself as I try to live by the maxim of living within one's means not only because it's virtuous, but also to protect my liberty; financial subjugation is cruel and unforgiving.
Well, I've only got about 12 years left, I pay extra principle on a monthly, have nearly a year's safety net in savings, the wife works, and I'm in a financial position where I can early much less than my current salary and still pay my bills.
I live well below my means...no cell phone, no cable TV, no car payments, substantial savings...
I doubt you'd disagree with me if I said that you're in the minority of Americans with a mortgage to pay. The vast majority lead much more precarious financial lives and lack the safety net you're basking in. You're doing much better than many of your peers while having much lower living costs.
A mortgage is your portal to a white-collar eternal hell; I'd never do that to myself.
It's no so bad when you have a 15 year mortgage with a fixed rate below inflation.
You're still going to think twice before deciding to quit your job if you have a mortgage to pay, which may force you to accept abject situations. 15 years are a long time; at some point it may become in your best interest to leave your current job, or to quit to attend to personal matters. The economy might go tits up, in which case you'll find yourself unwillingly unemployed for God knows how long.
But I understand that a mortgage isn't anything out of the ordinary in the U.S, which is astounding. I'd never do it myself as I try to live by the maxim of living within one's means not only because it's virtuous, but also to protect my liberty; financial subjugation is cruel and unforgiving.
Well, I've only got about 12 years left, I pay extra principle on a monthly, have nearly a year's safety net in savings, the wife works, and I'm in a financial position where I can early much less than my current salary and still pay my bills.
I live well below my means...no cell phone, no cable TV, no car payments, substantial savings...
I doubt you'd disagree with me if I said that you're in the minority of Americans with a mortgage to pay. The vast majority lead much more precarious financial lives and lack the safety net you're basking in. You're doing much better than many of your peers while having much lower living costs.
Sounds like bforrester420 is a smart man and knows how to handle his shit.
A mortgage is your portal to a white-collar eternal hell; I'd never do that to myself.
It's no so bad when you have a 15 year mortgage with a fixed rate below inflation.
You're still going to think twice before deciding to quit your job if you have a mortgage to pay, which may force you to accept abject situations. 15 years are a long time; at some point it may become in your best interest to leave your current job, or to quit to attend to personal matters. The economy might go tits up, in which case you'll find yourself unwillingly unemployed for God knows how long.
But I understand that a mortgage isn't anything out of the ordinary in the U.S, which is astounding. I'd never do it myself as I try to live by the maxim of living within one's means not only because it's virtuous, but also to protect my liberty; financial subjugation is cruel and unforgiving.
Well, I've only got about 12 years left, I pay extra principle on a monthly, have nearly a year's safety net in savings, the wife works, and I'm in a financial position where I can early much less than my current salary and still pay my bills.
I live well below my means...no cell phone, no cable TV, no car payments, substantial savings...
I doubt you'd disagree with me if I said that you're in the minority of Americans with a mortgage to pay. The vast majority lead much more precarious financial lives and lack the safety net you're basking in. You're doing much better than many of your peers while having much lower living costs.
Sounds like bforrester420 is a smart man and knows how to handle his shit.
When I was younger and starting out in career, I didn't like stressing about money, so I was always somewhat tight with it. Don't get me wrong, I spend on "stupid" stuff ($100 bottles of scotch, 2 rounds of golf a week), but I don't have kids and I forgo other luxuries (cable TV, cell phone) so I can still enjoy my choice luxuries and put money away in savings at the same time. I also waited until my mid 30s to buy my first house, so I was settled-in, financially, when I made that plunge.
As far as Mortgages go, Gaza, you can always sell your house if push comes to shove. That might be easier said than done in bad economies/depressed local real estate markets, but you aren't exactly trapped.
I don't regret clicking on this topic at all; goddamn, some of the answers are really cliched lmao
As for me, even though I strive to have an immutable and unified purpose for getting out of bed, it's still subject to change depending on the day. Sometimes I get up because I'm here and there's nothing I can do about it. As such, it's either staying in bed or getting up; I choose the latter, and sometimes I have to force myself to choose it. More often than not however, my abject personal, national and regional reality propels me out of bed; those are the best days and I wish I can make them a perpetuity. Then there are those days when I don't leave bed at all. They're rare, but they happen. Those are the worst.
Bodily functions and a noisy alarm clock are the two most common.
Ideologically? Ha Ha! Ideology and politics are the first things I data-dump when I go to bed.
Now, if it's about weather or space, like a big kaboom 100,000 ft up..... That might get me up. Or, perhaps 10,000 warbirds (WW2 aircraft) doing a flyby.
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