Yup,,,, I know..... none of my business - that's why what I'm saying, is okay..... it doesn't matter unless you want it to do so. Moi is just asking you to think everything through. Have you ever wanted to go to Hawaii for a week - or Costa Rica for a month .. or a certain New Car?
Just sayin......
You've done it, paid off your home, and your entire life savings is sitting in an account you can't access. What is it to struggle, all your life, just to get by, in perpetuity, when you don't have to? Whether its $100,000 or more, you're paying taxes, insurance, maintenance, etc., etc.
Owning a house is overrated, especially when everyone is all grown up. I've had several. My kids and ex all complained (actually it was my ex stirring them up) about that, or how we lived in Embassy Suites, Residence Inns or some other such (while our houses stayed empty - one I bought but never moved into, in Tulsa).
By the way, my kids now confess they miss the old days.
YES,,,, absolutely...... you achieved the dream. The paid off mortgage is proof you did more than most. But, as you did with the torch of the deed, no one can ever take the achievement away from you.
I've lived a great life, born poor, mom on welfare, never seeing my father from 10 years of age, until I went to find him at 18. Always laughed at in school because we wore Salvation Army clothes that were too small (even today it makes me cringe to hear someone say the term "highwater"
. Then, in my own way, moi became a success and clients paid for our oligarch life style. They could write it off and yours truly kept climbing up the ladder, to the point that over 1000 worked for me (in eToys).
Today, I choose a life of poverty. Now don't get me wrong, having money is great; but that's overrated - also. It is how you get it that is what is really important. It is a matter of what your priorities are.
Me, I've chosen to fight a good fight that is worth more than money, win or lose.
You, on the other hand, have chosen to take care of those you love. I'm just suggesting you do that in - possibly - a better way.
Why struggle, to make ends meet, when your golden goose is in your hands? Just suggesting may be better way.
If you have 2 or 300,000 in worth, in your house, you could keep 1/3 cash, 1/3 in stocks and bonds, tax free, making 10% (it is inflated bucks, but still a growth) and/or you could put 1/3 into a gas station, or own a hotel (with a house attached - there are many).
Life is an adventure.
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