Wife and I do just fine and not even have that much but everything we have is paid for, House, farm, vehicles, etc.
I hope I will do fine, too. Same scenario as you, but I’m a little older than 35.
Insane inflation and shortages are making me worried, though.
“Wife and I do just fine and not even have that much but everything we have is paid for, House, farm, vehicles, etc.”
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Very good. We are in a similar situation, home is paid, no credit cards or personal loans, kids college are paid for, the only thing we do have is a car loan which will be paid off in December, a 5 year loan paid in 27 months.
It all comes down to living below, not above your means. Since our home is paid for and we live in a fairly low cost of living area we are going to put some money into our place. We have a big list of projects and will tackle them one at a time, paying cash as we go. The other thing is putting the max into our 401ks and saving for our next new car.
We have been in both situations, heavy debt and no debt. Having a paid for home and some money in the bank is a great feeling, making mortgage and cc bank interest payments is not a great feeling. While I hate this economy and what we have here is totally unnecessary, we are not feeling it like some because we don’t spend money we don’t have and we put something in savings every paycheck and we are careful shoppers.
Good job cranked.