The "three"happiest days...
Now we all know that Rving and recreational boating share much in common and we have all heard that the two happiest days {in either} are the day you buy and the day you sell. If I may be so bold I...
Forum Discussion
We were able to retire early, at 53 & 55, because we figured out the key that every financial planner completely misses. Retiring comfortably is NOT about having "X" amount of money. You do not need a lot of income "IF" you have little or no "Outgo". Everything we own is paid for {completeing this equation with the last payment on the RV}.
As you approach retirement you should be in your prime earning years. Get aggressive about reducing your financial obligations. Put a 15 year loan on the house and accelerate the principle reduction with additional payments whenever possible. Pay off your cars, zero out those darned credit cards and learn to live within your means. If you enter retirement debt free whatever income you have will go so much further.
We don't make a lot of money between my wifes retirement and our SS but we live very well, travel extensively and enjoy life to the fullest everyday. Wherever possible we do pay cash for the major purchases and if not double up on the payments and retire the debt early. By doing so we have established near perfect credit {FICO of 840}.
As always... opinions and YMMV.
:C
As you approach retirement you should be in your prime earning years. Get aggressive about reducing your financial obligations. Put a 15 year loan on the house and accelerate the principle reduction with additional payments whenever possible. Pay off your cars, zero out those darned credit cards and learn to live within your means. If you enter retirement debt free whatever income you have will go so much further.
We don't make a lot of money between my wifes retirement and our SS but we live very well, travel extensively and enjoy life to the fullest everyday. Wherever possible we do pay cash for the major purchases and if not double up on the payments and retire the debt early. By doing so we have established near perfect credit {FICO of 840}.
As always... opinions and YMMV.
:C
