Arctic Fox 22G

PAThwacker wrote:

I was 30 bought a home, started a family, and after 12 years in the biopharma industry I lost my job.
Globalism started, and I went through 3 acquisitions before losing it all. Now its consulting for 3 years, zero benefits, no retirement fund, and tremendous debt building.
All that appears to be great now, might be up shyts creek without a paddle in less than a year. I would never spend anything more than 10k for any type of recreation item. My tow vehicle is 10 years old, my commuter car 10 years old, quad 10 years old, house 30 years old.
Pay for private family health insurance: 4 catastrophic high deductible plans, kids in daycare, and commuting costs through the roof!!!!!!


Building a home???? Brand new never lived foreclosures all over, 1 in 4 currently or will be going into foreclosure. You are warned!

I'm sorry to hear about your misfortunes. This is why it's important to live within our means and have a large safety net. We made huge financial adjustments 6 years ago and avoided any damage during the economic downturn. We have more assets now than ever before and our debt ratio is 5%. We can finance the Arctic Fox for 20 years which will make the payments minimal. We can pull out a 30 year home mortgage. With our current salary, we can build the home and have it paid for in 15 years while continuing to put $1,500 into a monthly savings account. Or, we could sell one of our assets and have the house paid off in 10 years. Trust me, I was fiscally conservative when I was 20 years old, but I'm better equipped than you might think. I don't disclose everything on a public forum. ;)