About a year ago we bought a house, paid in full with cash. Then I got a small mortgage as an inflation hedge and to invest for fun and profit (or loss.)
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I’ve never been to Disneyland, but that is going to change this year. I recently finalized reservations for a 7-day / 6-night trip to LA with 5-day Disney passes.
I figure… the only thing better than a family trip to Disneyland… is a deeply discounted family trip to Disneyland.
This is how we are planning a “Once in a Lifetime” trip for 2 adults and 2 children for less than $100/day, including meals.
“Is home equity included in net worth when calculating a retirement budget?”
“Is having a mortgage in retirement risky?”
“Was it a good idea for you (Go Curry Cracker) to get a mortgage?”
These questions (and others of a similar genre) are amongst the more popular we have received over the years. (Even more so now that we bought a house.)
Today I want to review mortgages, home equity, and related questions as they pertain to retirement budgeting and spending.
Prior to this time a year ago, I had never purchased lumber in my life.
But then I walked into one of those big box home improvement stores to purchase some outdoor furniture for the deck and the pool, and I was blown away by how poorly all of that stuff was made. And they wanted thousands of dollars for this junk… stuff that was probably going to break in just a season or two.
So… I set out to make my own. “How hard could it be?”
