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Trusted Social Butterfly
Posts: 6,676
Registered: ‎02-14-2008

Re: Spendthrift or Skinflint?

Message 11 of 16 (133 Views)

"....Any interest in the "tiny house" movement?...".

Not for myself. I think it's a good idea for a subset of people. We did the next best thing.  We purchased a 50's house, meaning relatively small, in the far burbs of Chicago. The house was less than we could afford at the time, and low taxes.  As our careers advanced, we could have upgraded substantially, but did not. We put a lot of time, and effort, into doing a lot of remodeling ourselves ('sweat equity').
We've stayed in our one-and-only house, paid it off early, which greatly helped in allowing us to early retire along with the low-mortgage payments we had.  We've had a few people ask why we didn't purchase a  'dream house', or at least something newer and larger with lower maintenance.
 We kept quiet and did not ask how they felt about having their really nice homes, and not retiring in their 50's as we did. 
    

 


“The world is a book. Those who do not travel read only one page.”
Regular Social Butterfly
Posts: 418
Registered: ‎02-22-2011

Re: Spendthrift or Skinflint?

Message 12 of 16 (126 Views)

Hey RT - Warren Buffett bought his house in the 1950s - and still lives in it.  You are in good company.

 

Our present house was built in 1961 and we have lived in it since 1974.  We have owned many houses, but only lived in a few.

Smiley Happy

Trusted Social Butterfly
Posts: 6,676
Registered: ‎02-14-2008

Re: Spendthrift or Skinflint?

[ Edited ]
Message 13 of 16 (114 Views)

"....Hey RT - Warren Buffett bought his house in the 1950s - and still lives in it.  You are in good company....".

 

I've driven by it, and went over to the place he gets ice cream from. Anyway, just read something this morning how he wants his estate to be 90% invested in low-cost index funds. I think the rest was in T's or bonds. Point is, he stated virtually no fund manager can beat an index fund once all the fees are covered. His estimate was that investors have 'wasted' (his word), over 100 billion by not indexing.

  I know, off topic, but still is related to being a 'skinflint'.



 


“The world is a book. Those who do not travel read only one page.”
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Trusted Social Butterfly
Posts: 1,490
Registered: ‎04-07-2015

Re: Spendthrift or Skinflint?

Message 14 of 16 (81 Views)

First a retraction: earlier I suggested DH had the Feb-Mar AARP magazine somewhere. I was wrong. It came in Saturday's mail. I apologized for having impuned his good name. Smiley Happy

 

Next, my score. I got a 15 on the AARP test (pages 30-31), which is to say I'm 'firmly frugal'. 

 

 

 

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Good health neither comes cheap, nor is it easy.
Treasured Social Butterfly
Posts: 18,745
Registered: ‎12-25-2011

Re: Spendthrift or Skinflint?

Message 15 of 16 (72 Views)

@Epster - Maybe you need to talk to your post office people, because I got that magazine about 2 weeks ago.


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Trusted Social Butterfly
Posts: 1,490
Registered: ‎04-07-2015

Re: Spendthrift or Skinflint?

Message 16 of 16 (68 Views)

ASTRAEA wrote:

@Epster - Maybe you need to talk to your post office people, because I got that magazine about 2 weeks ago.


For real; March is nearly over! Perhaps it was sent by mule team. Smiley Happy

 

AARP might mail in sections, alphabetically, too. If memory serves, your surname initial is far earlier in ye olde alphabet than is mine. If that's correct, then perhaps this suggests they mail in batches? They must mail tens of millions of those magazines. 

 

The delivery system we have the most trouble with is UPS. One time they delivered something we'd ordered for the fish farm to a horse farm some 200 miles south of here ... uh, guys? Smiley Wink To drag this close to the original topic: You better believe I refused to pay for that! Yuck, yuck. Smiley Happy

 

 

+++++++++++++++++++++++++++++++++++++++++++++++
Good health neither comes cheap, nor is it easy.