Forum Discussion
travelnutz
Jun 30, 2014Explorer II
Francesca Knowles,
I don't think I want to call it "cheap" but rather doing it smart and sensibly. We've been retired for going on 13 years and RV travel a lot. Looking forward to another 20+ years min of RV'ing and we want to keep plenty plenty of money on hand to buy any new RV, truck, boat, car, suv, etc when we want to as cash and new is about the only way we buy things. We want good stuff and quality built so it lasts and have the first use and wear and uaually keep what we purchase for a long time as we take good care of our stuff.
They are good enough that our kids who are far from poor always want first chance to buy any of them when we decide to sell. Our kids are chips off the old block as they keep themselves out of debt and have plenty of cash on hand to do about anything they want to. Makes us very proud of them! For instance, our daughter's big 5,100 sq ft luxurious home by Lake Michigan is nearly paid for already as they only had a 15 year mortgage to start with. Quickly paid off the 3800 sq ft home they had before so no sticker or high payment shock.
Most people today seem to be playing russian roulette and deep is debt with min downpayment and high payments for 30-40 years. Likely will never have it paid off and maybe even buying a new home again first. Most people today seem to ask first, how much are the payments if we take the note for as long as possible to keep the payment low. DUH! Can you say interest and paying 2-3 times the original cost of the home? Those people seem to never own anything free and clear as the will buy again before the present model/item is even half paid for which slaps them into deeper debt and more long term patments. We won't do it nor will our kids.
We could care less how or what other people do with vacations, homes, RV's trucks, MH's, boats, etc. They make their decisions and we make ours and throwing money away isn't one of them for us as we plan to live to over a hundred and be RV'ing at least to our 90's. We have a great future yet planned and why not? A lot more fun and very possible having no payments for items/RV's.
I don't think I want to call it "cheap" but rather doing it smart and sensibly. We've been retired for going on 13 years and RV travel a lot. Looking forward to another 20+ years min of RV'ing and we want to keep plenty plenty of money on hand to buy any new RV, truck, boat, car, suv, etc when we want to as cash and new is about the only way we buy things. We want good stuff and quality built so it lasts and have the first use and wear and uaually keep what we purchase for a long time as we take good care of our stuff.
They are good enough that our kids who are far from poor always want first chance to buy any of them when we decide to sell. Our kids are chips off the old block as they keep themselves out of debt and have plenty of cash on hand to do about anything they want to. Makes us very proud of them! For instance, our daughter's big 5,100 sq ft luxurious home by Lake Michigan is nearly paid for already as they only had a 15 year mortgage to start with. Quickly paid off the 3800 sq ft home they had before so no sticker or high payment shock.
Most people today seem to be playing russian roulette and deep is debt with min downpayment and high payments for 30-40 years. Likely will never have it paid off and maybe even buying a new home again first. Most people today seem to ask first, how much are the payments if we take the note for as long as possible to keep the payment low. DUH! Can you say interest and paying 2-3 times the original cost of the home? Those people seem to never own anything free and clear as the will buy again before the present model/item is even half paid for which slaps them into deeper debt and more long term patments. We won't do it nor will our kids.
We could care less how or what other people do with vacations, homes, RV's trucks, MH's, boats, etc. They make their decisions and we make ours and throwing money away isn't one of them for us as we plan to live to over a hundred and be RV'ing at least to our 90's. We have a great future yet planned and why not? A lot more fun and very possible having no payments for items/RV's.
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