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Trusted Social Butterfly
Posts: 6,872
Registered: ‎02-14-2008

Re: Spendthrift or Skinflint?

Message 11 of 18 (748 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: 462
Registered: ‎02-22-2011

Re: Spendthrift or Skinflint?

Message 12 of 18 (741 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: 6,872
Registered: ‎02-14-2008

Re: Spendthrift or Skinflint?

[ Edited ]
Message 13 of 18 (729 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.”
Respected Social Butterfly
Posts: 2,487
Registered: ‎04-07-2015

Re: Spendthrift or Skinflint?

Message 14 of 18 (696 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'. 

 

 

 

The key to success is to keep growing in all areas of life - mental, emotional, spiritual, as well as physical. - Julius Erving
Treasured Social Butterfly
Posts: 19,204
Registered: ‎12-25-2011

Re: Spendthrift or Skinflint?

Message 15 of 18 (687 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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Respected Social Butterfly
Posts: 2,487
Registered: ‎04-07-2015

Re: Spendthrift or Skinflint?

Message 16 of 18 (683 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

 

 

The key to success is to keep growing in all areas of life - mental, emotional, spiritual, as well as physical. - Julius Erving
Regular Social Butterfly
Posts: 347
Registered: ‎05-25-2009

Re: Spendthrift or Skinflint?

Message 17 of 18 (554 Views)

Absolutely would love tiny house but right now can't afford land (and don't want to move into mobile home park here due to crime rates).

 

 

Phil Harris, actor and showman, to John Fogerty of CCR: “If I’d known I’d live this long, I’d have taken better care of myself.”
Regular Social Butterfly
Posts: 347
Registered: ‎05-25-2009

Re: Spendthrift or Skinflint?

Message 18 of 18 (553 Views)

I only check USPS mail box about once every 3 months (yes, the USPS person complains to the office but I signed up for no "junk mail" so...) so not sure when the AARP Mag comes in but then I get a bunch of newsletters and mags and have binge weekend Smiley Wink

 

 

Phil Harris, actor and showman, to John Fogerty of CCR: “If I’d known I’d live this long, I’d have taken better care of myself.”