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« on: August 25, 2007, 12:35:44 AM »
As others have mentioned---don't cash out! I am a simple military guy who has been owning a Longez and then a Cozy since my early 30s (I am 2 years older than you---wife and daughter). My approach to life was to first fund all of my requirements
-1st: make sure that I could live in retirement (IRAs/TSP---max non tax accounts---then supplement with other retirement income until reaching comfortable levels)
-2nd: make sure education accounts appropriate for daughter
-3rd: what is left over is for everything else (1st and 2nd are untouchable). I could get a really big house and a nice car but then there would not be anything left for a plane. So the trick was to live below my means (smaller house, used car, etc) to reach goal
For those not used to budgeting, you would be surprise to find out how much beer, smoking, and Starbucks coffee costs you per year.
If you can't talk yourself into the smaller house, used cars, ditching the Starbucks, then partnerships are another way to go
Bottom line----my guess from your post---is that you can afford to take the plunge. But do you have the discipline to make the numbers work out (you can't have it all----can you really choose what is important to you?)