Someone ask about income and jobs. My wife and I both teach. Combined income of 170K. We have each taught for about 10 years and feel relatively secure. Although the 14 billion dollar deficit sounds frightening. And then as teachers like to say you're only as good as your last set of test scores! lol
Im not surprised by the comment about investing out of state. I am origionally from Indiana and was back there recently for a funeral. In the the sleepy little farm town there are houses that cost about 60 k that rent from $600- $700 per month. This amount compared to what I get from my 60 k in the bank sounds pretty good. I know there are always those that say why buy one when you can buy ten. But I'm not looking for anything other than a check in the mail each month.
In a perfect world we would buy and pay for one of these a year and continually add to our income. The dilemma for me is that by taking the plunge with the house here, that this plan is not likely. I have made the statement lately to my kids that it is no fun being a grownup and having to make this kind of decision. It seems so obvious until you throw in the desires of a few others. lol
When do your kids go to college, and have you saved up for that?
