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Quote by: 5010  That's a good philosophy, Brien. What you say about equity loans is true and I avoid them because one never knows when hard times will hit.
So I take it you set a budget to make sure you're able to pay the balance each month, right? Do you keep an emergency savings fund too? |
Oh yes, emergency funds also. Enough to cover most of the mortgage if business goes south. But I have been working for myself for over 15 years and have planned accordingly.
I am preparing to downsize and semi retire. Pull all of my equity out of my Connecticut property and move south. Buy a home for cash and bank the rest. Continue my business but picking and choosing what I wish to do and not to do. Sailing, surfing, diving, and living the good life near the Atlantic ocean in SC. I may even take up golf::rolleyes:
But I have vowed never to wear powder blue pants, a white belt, black & white, two tone wing tip golf shoes, a golf association shirt with a white snap cap. Ahhhhhhhhh:eek: