Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,329 
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Post by Rukh O'Rorke on Dec 7, 2020 9:30:20 GMT -5
He just started at a hospital that’s an hour drive away. He’s not thrilled with it. I’m not sure how,long he will stuck it out.That really is a long commute. I have a 40 min commute each way, which is average here. An hour each way working FT is not sustainable long term, IMO, especially if you have other options. Paying off the house will give him better options, even if it takes a while. Perhaps he needs to stick it out till the dock and driveway are done. I certainly don't blame your Dad for not wanting to put your Mom in a home these days. I'm glad that you and your siblings can share the financial burden if/when that happens. I've been doing an hour plus for about 16 years.....but maybe that's why I get so cranky?  |
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buystoys
Junior Associate
Joined: Mar 30, 2012 4:58:12 GMT -5
Posts: 5,650
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Post by buystoys on Dec 7, 2020 10:57:31 GMT -5
Congrats Swamp! That's such a great achievement!
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swamp
Community Leader
THEY’RE EATING THE DOGS!!!!!!!
Joined: Dec 19, 2010 16:03:22 GMT -5
Posts: 45,673
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Post by swamp on Dec 7, 2020 11:31:04 GMT -5
DH and I are debt free, bitches!!!!! we paid the house off today. I want to be like you when I grow up!!! No, we're pretty boring. |
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bean29
Senior Associate
Joined: Dec 19, 2010 22:26:57 GMT -5
Posts: 10,263
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Post by bean29 on Dec 7, 2020 11:53:37 GMT -5
Congratulations!
I wanna be like you too, but I think I will have to pay it off month by month on the 10 year schedule we are on.
My Niece and her DH did the Travel Nursing thing for a few stints when they were first married. I did not realize that he is still doing Travel Nursing, b/c he has managed to do a few stints in our state, so he is not so far from home. I think my Mom said his last one was in California and now he is back in Eau Clair, WI.
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HoneyBBQ
Junior Associate
Joined: Dec 27, 2010 10:36:09 GMT -5
Posts: 5,395
Mini-Profile Background: {"image":"","color":"3b444e"}
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Post by HoneyBBQ on Dec 7, 2020 13:32:43 GMT -5
Amazeballs!
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xia
Junior Member
Joined: Jan 3, 2011 9:17:22 GMT -5
Posts: 155
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Post by xia on Dec 7, 2020 13:48:08 GMT -5
Congratulations!!!  |
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Bonny
Junior Associate
Joined: Nov 17, 2013 10:54:37 GMT -5
Posts: 7,462
Location: No Place Like Home!
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Post by Bonny on Dec 7, 2020 14:52:54 GMT -5
DH and I are debt free, bitches!!!!! we paid the house off today. But, but if you refinanced today for $300,000.00 lump sum @ 11%/ann. for 30 years: $6,867,688.97 You'd have more money than you would know what to do with at about age 80!  |
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jd2005
Established Member
Joined: Mar 15, 2011 14:16:37 GMT -5
Posts: 411
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Post by jd2005 on Dec 7, 2020 18:01:42 GMT -5
DH and I are debt free, bitches!!!!! we paid the house off today. Freaking Awesome! Great job!!!! |
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swamp
Community Leader
THEY’RE EATING THE DOGS!!!!!!!
Joined: Dec 19, 2010 16:03:22 GMT -5
Posts: 45,673
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Post by swamp on Dec 7, 2020 18:23:06 GMT -5
DH and I are debt free, bitches!!!!! we paid the house off today. But, but if you refinanced today for $300,000.00 lump sum @ 11%/ann. for 30 years: $6,867,688.97 You'd have more money than you would know what to do with at about age 80! roll around naked in it while I'm in the nursing home. |
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Miss Tequila
Distinguished Associate
Joined: Dec 19, 2010 10:13:45 GMT -5
Posts: 20,602
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We did it
Dec 8, 2020 0:00:36 GMT -5
via mobile
Post by Miss Tequila on Dec 8, 2020 0:00:36 GMT -5
Congratulations- but may I ask why? I'm deliberately carrying a mortgage I could pay off because the interest rate is only 3% and since I itemize I get a little bit of a break on the interest. I know it's a very personal decision, and especially among retirees (which I know you're not) it's worth the peace of mind to reduce your fixed expenses. We only had a 10 year loan,,we were close anyway. DHs employment is iffy and he’s free to quit without the debt over out heads. We maxed retirement, have some good investments, reliable paid off cars and healthy savings. We wanted it gone to free up cash for some home improvement issues. DS will also be heading off to college in 3 years, so it will be nice to have the cash flow for that. First, congrats on paying off the house! I’m sitting on way too much cash and am considering paying mine off, too. I think the stock market is way overvalued so no way I’m putting my money in there. And how in the hell is your son that old?? Jesus, time needs to slow down! |
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skubikky
Senior Member
Joined: Dec 20, 2010 7:37:12 GMT -5
Posts: 3,044
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Post by skubikky on Dec 8, 2020 8:59:27 GMT -5
Ok counselor, next round's on you... |
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countrygirl2
Senior Associate
Joined: Dec 7, 2016 15:45:05 GMT -5
Posts: 17,636
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Post by countrygirl2 on Dec 8, 2020 22:17:37 GMT -5
It's wonderful to have a paid for house.
We got lucky sold ours for enough and sold some land so paid cash for ours and had enough to do improvements before hubs retired. We were very very happy to go into retirement with no debt.
Now you can save more.
Congratulations!
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,958
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Post by tcu2003 on Dec 9, 2020 9:23:07 GMT -5
Congrats, swamp!!! That’s awesome!!
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phil5185
Junior Associate
Joined: Dec 26, 2010 15:45:49 GMT -5
Posts: 6,412
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Post by phil5185 on Dec 10, 2020 12:22:50 GMT -5
But, but if you refinanced today for $300,000.00 lump sum @ 11%/ann. for 30 years: $6,867,688.97 You'd have more money than you would know what to do with at about age 80! roll around naked in it while I'm in the nursing home. Your $6,867,689 is pretty close, according to the site above, the actual return for the most recent 30 years, ending 11/2020, was 10.62%/yr. Ie, $300k grew to $6,196K. But generally, longterm, the average return is 11%/yr over any 30-year block of time. Take a look at 1980 to 2000, there was an 18-year time block when the return was over 18%/yr.
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swamp
Community Leader
THEY’RE EATING THE DOGS!!!!!!!
Joined: Dec 19, 2010 16:03:22 GMT -5
Posts: 45,673
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Post by swamp on Dec 10, 2020 12:39:42 GMT -5
roll around naked in it while I'm in the nursing home. Your $6,867,689 is pretty close, according to the site above, the actual return for the most recent 30 years, ending 11/2020, was 10.62%/yr. Ie, $300k grew to $6,196K. But generally, longterm, the average return is 11%/yr over any 30-year block of time. Take a look at 1980 to 2000, there was an 18-year time block when the return was over 18%/yr.
I don't care I have $1M in retirement funds. DH has $1M in retirement funds. I have a pension. We have $200k in taxable investment accounts, plus cash. we have 2.5 paid for houses (I own one with my sister). We're both 50 with at least 10 workng years ahead of us. We're good. I don't want debt. I like the freedom of not owing anyone. At what point is enough enough? |
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TheHaitian
Senior Associate
Joined: Jul 27, 2014 19:39:10 GMT -5
Posts: 10,144
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Post by TheHaitian on Dec 10, 2020 13:52:17 GMT -5
Your $6,867,689 is pretty close, according to the site above, the actual return for the most recent 30 years, ending 11/2020, was 10.62%/yr. Ie, $300k grew to $6,196K. But generally, longterm, the average return is 11%/yr over any 30-year block of time. Take a look at 1980 to 2000, there was an 18-year time block when the return was over 18%/yr.
I don't care I have $1M in retirement funds. DH has $1M in retirement funds. I have a pension. We have $200k in taxable investment accounts, plus cash. we have 2.5 paid for houses (I own one with my sister). We're both 50 with at least 10 workng years ahead of us. We're good. I don't want debt. I like the freedom of not owing anyone. At what point is enough enough? Damn that is so sexy!!! I really want to be like you when I grow up!  |
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