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Economy

The Velveteen Ocelot

(129,954 posts)

3. That's what I did - best move I made.

Reply to Crewleader (Original post)

Fri Sep 26, 2014, 10:18 AM

Sep 2014

I ended up having to take an early retirement because of a large and detrimental (to me) merger, and retiring with no significant debt takes a lot of worry away from dealing with reduced income.

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Home ownership with no mortgage is the best retirement plan [View all] Crewleader Sep 2014 OP

That is very nice, where it is possible. SheilaT Sep 2014 #1

Valid points Sherman A1 Sep 2014 #2

That's what I did - best move I made. The Velveteen Ocelot Sep 2014 #3

Same here. started in 2006 lasttrip Sep 2014 #8

It's a good plan. Adsos Letter Sep 2014 #12

I am 45 and hope to pay off the house in 5 years yeoman6987 Sep 2014 #17

Agreed Sherman A1 Sep 2014 #22

Just a few more years Sherman A1 Sep 2014 #4

Figure out what that amount is, SheilaT Sep 2014 #28

Yeah, Sherman A1 Sep 2014 #29

Tell that to people in Sacramento, San Bernardino, Fresno, Stockton, where values fell by up to 70% NYC_SKP Sep 2014 #5

3 years to go on ours. Adsos Letter Sep 2014 #6

This message was self-deleted by its author upaloopa Sep 2014 #7

I'm not wealthy. Far from it. The Velveteen Ocelot Sep 2014 #10

This message was self-deleted by its author upaloopa Sep 2014 #14

Everyone's circumstances are different. The fact that some of us The Velveteen Ocelot Sep 2014 #16

This message was self-deleted by its author upaloopa Sep 2014 #19

If I were to ask DU for advice about buying a new car - The Velveteen Ocelot Sep 2014 #20

Agreed Sherman A1 Sep 2014 #21

Ummm, Mr. Ocelot. SheilaT Sep 2014 #30

Thank you, Groveley. The Velveteen Ocelot Sep 2014 #32

And the usual tumbler of whiskey alongside, SheilaT Sep 2014 #33

Some on this board are bitter at other's success. However, there's a good point to be made. NYC_SKP Sep 2014 #23

True; it might not be the best plan for everyone The Velveteen Ocelot Sep 2014 #24

To be sure, by the time one retires, one wants to own the home outright. NYC_SKP Sep 2014 #27

DU has a variety of everyone here yeoman6987 Sep 2014 #18

All they had to do was keep us employed.....(nostalgic, at best) InkAddict Sep 2014 #9

this is so right and so common sense dem in texas Sep 2014 #11

I only wish I'd gotten started with it sooner. Adsos Letter Sep 2014 #15

We did this...we live in a house that Roselma Sep 2014 #13

Friends Crewleader Sep 2014 #25

That was the whole idea behind the American Dream Warpy Sep 2014 #26

I will disagree that SheilaT Sep 2014 #31

Agreed Sherman A1 Sep 2014 #34

No mortgage and no debt 4dsc Sep 2014 #35

Agree 100% golfguru Sep 2014 #36