pawatt wrote:
It costs us very little more to snowbird than to stay home and the comfort and good times are priceless...Some years we save enough in dentist bills to cover our extra Winter costs.
CKNSLS wrote:
For those currently in the workforce-pensions have gone the way of the dinosaurs. With a few exceptions-Police, Firefighters, Teachers. So essentially state and government workers.
hugemoth wrote:
I find being a snowbird costs about the same as staying at home. Cost of food is the same, cost of heat is cheaper. No mortgage payments at home since it's payed off, camping in Arizona is free. Cost of gas to get here isn't much in my high mileage rig. I can use the small motorcycle to get around where at home I'd have to drive the car because of ice and snow. Can't buy much here because there is no place to put it. Health is better here because I can take a long walk every day instead of being stuck in the house. Phone and internet cost the same.
A couple of my friends have already given up snowbirding due to age and are stuck at home where they sit around watching TV. What kind of life is that?
dad4papa2 wrote:Sea Dog wrote:
Save fifty thousand a year for twenty years,
you have a million bucks.
Easy Peasy!
This is awesome!!!! In our little town the majority of the workforce works for under $10.00 hour. Take that times 2 if the wife is working and show me how to put 50K a year in an investment or a savings.
Don't miss understand me there is some big money in our town but most of the work force is very low hour wages.
Of course some get good overtime but uncle gets most of that.. Still going to be hard to put 50K away in this area.
PS: I was one of the fortunate to be able to enjoy the snowbirding for the last 5 years. Gotta stay home this year to enjoy my brand new Grand daughter.
dad4papa2 wrote:Sea Dog wrote:
Save fifty thousand a year for twenty years,
you have a million bucks.
Easy Peasy!
This is awesome!!!! In our little town the majority of the workforce works for under $10.00 hour. Take that times 2 if the wife is working and show me how to put 50K a year in an investment or a savings.
Don't miss understand me there is some big money in our town but most of the work force is very low hour wages.
Of course some get good overtime but uncle gets most of that.. Still going to be hard to put 50K away in this area.
Yes, it is hard.
That is why not many people can do it.
Sea Dog wrote:
Save fifty thousand a year for twenty years,
you have a million bucks.
Easy Peasy!
bigdogger wrote:
....snip.......... Wealth and financial security is really about choices and planning and not about luck.
TomG2 wrote:The arrogance being shown is by those who somehow feel anyone who succeeds got lucky. A "large percentage" got their wealth either by inheritance or marriage is almost assuredly a false statement. Basic research will show that approximately 85% of all millionaires are self made and only 15% of millionaires inherited their wealth. Solid savings and investment plans along with a defined career path is what most often leads to financial success. Yes, home ownership is a big part of that. Buy a home, finance it on a 15 year mortgage and in 15 years you will have a large asset. Pay for an RV over 15 years and you will have next to nothing. Invest $500 a month at 5% for 30 years instead of having a car payment or a boat payment and you will have nearly $500,000 in the bank instead of an old boat and car. Wealth and financial security is really about choices and planning and not about luck.
I am noticing some arrogance being shown by the "haves" as opposed to the "have nots" on here. Reality is that a large percentage of the blowhards in our park either married or inherited their wealth. Job opportunities or the economy in general can make a genius out of the biggest fool or a loser out of some hard working Joe. I made a career choice to line up at the government hog trough, and in less than ten years, I have already received four times what I invested. Beat that investment if you can. Fully paid insurance too, since I retired at 59.
