[Homeschool2Boys]

When we bought the house, I thought the mortgage was doable. I was working maybe 60 hours per week at the time. However, a few years ago I started a side business running clinical trials for pharmaceutical companies, and burned up a couple hundred thousand trying to make it work. Realized too late that I am not an entrepreneur – hated the business development and managing the staff. It is only in the past few months that I have paid off all my debt – hence, the 80-90 hour weeks, which I could now cut back to maybe 60 if we are careful with our spending. We had also taken out some of our home equity to remodel, which I have also just finished paying off. So, I am now back to no debt (NO DEBT – no car loans, no HELOC…!) with the exception of this first mortgage. I guess being in this current situation, back to square one, is what is causing me to rethink how I want to live. I could cut back on my hours now, but the idea of no mortgage is enticing, so we may test the market just to see if anyone is interested in our house for what we would want for it. Then, I could increase my savings quite a bit for college and retirement… I am not comfortable with so much of our net worth tied up in the home, with the market seemingly only going down… it seems like it would be a lot less risky with a cheaper house, and more diversity in my portfolio (we have a few hundred thousand in 401K (mostly my wife’s 🙂 ) but that’s it, besides our emergency fund…

[Homeschool2Boys]

When we bought the house, I thought the mortgage was doable. I was working maybe 60 hours per week at the time. However, a few years ago I started a side business running clinical trials for pharmaceutical companies, and burned up a couple hundred thousand trying to make it work. Realized too late that I am not an entrepreneur – hated the business development and managing the staff. It is only in the past few months that I have paid off all my debt – hence, the 80-90 hour weeks, which I could now cut back to maybe 60 if we are careful with our spending. We had also taken out some of our home equity to remodel, which I have also just finished paying off. So, I am now back to no debt (NO DEBT – no car loans, no HELOC…!) with the exception of this first mortgage. I guess being in this current situation, back to square one, is what is causing me to rethink how I want to live. I could cut back on my hours now, but the idea of no mortgage is enticing, so we may test the market just to see if anyone is interested in our house for what we would want for it. Then, I could increase my savings quite a bit for college and retirement… I am not comfortable with so much of our net worth tied up in the home, with the market seemingly only going down… it seems like it would be a lot less risky with a cheaper house, and more diversity in my portfolio (we have a few hundred thousand in 401K (mostly my wife’s 🙂 ) but that’s it, besides our emergency fund…

[Homeschool2Boys]

When we bought the house, I thought the mortgage was doable. I was working maybe 60 hours per week at the time. However, a few years ago I started a side business running clinical trials for pharmaceutical companies, and burned up a couple hundred thousand trying to make it work. Realized too late that I am not an entrepreneur – hated the business development and managing the staff. It is only in the past few months that I have paid off all my debt – hence, the 80-90 hour weeks, which I could now cut back to maybe 60 if we are careful with our spending. We had also taken out some of our home equity to remodel, which I have also just finished paying off. So, I am now back to no debt (NO DEBT – no car loans, no HELOC…!) with the exception of this first mortgage. I guess being in this current situation, back to square one, is what is causing me to rethink how I want to live. I could cut back on my hours now, but the idea of no mortgage is enticing, so we may test the market just to see if anyone is interested in our house for what we would want for it. Then, I could increase my savings quite a bit for college and retirement… I am not comfortable with so much of our net worth tied up in the home, with the market seemingly only going down… it seems like it would be a lot less risky with a cheaper house, and more diversity in my portfolio (we have a few hundred thousand in 401K (mostly my wife’s 🙂 ) but that’s it, besides our emergency fund…

[Homeschool2Boys]

When we bought the house, I thought the mortgage was doable. I was working maybe 60 hours per week at the time. However, a few years ago I started a side business running clinical trials for pharmaceutical companies, and burned up a couple hundred thousand trying to make it work. Realized too late that I am not an entrepreneur – hated the business development and managing the staff. It is only in the past few months that I have paid off all my debt – hence, the 80-90 hour weeks, which I could now cut back to maybe 60 if we are careful with our spending. We had also taken out some of our home equity to remodel, which I have also just finished paying off. So, I am now back to no debt (NO DEBT – no car loans, no HELOC…!) with the exception of this first mortgage. I guess being in this current situation, back to square one, is what is causing me to rethink how I want to live. I could cut back on my hours now, but the idea of no mortgage is enticing, so we may test the market just to see if anyone is interested in our house for what we would want for it. Then, I could increase my savings quite a bit for college and retirement… I am not comfortable with so much of our net worth tied up in the home, with the market seemingly only going down… it seems like it would be a lot less risky with a cheaper house, and more diversity in my portfolio (we have a few hundred thousand in 401K (mostly my wife’s 🙂 ) but that’s it, besides our emergency fund…

[Homeschool2Boys]

When we bought the house, I thought the mortgage was doable. I was working maybe 60 hours per week at the time. However, a few years ago I started a side business running clinical trials for pharmaceutical companies, and burned up a couple hundred thousand trying to make it work. Realized too late that I am not an entrepreneur – hated the business development and managing the staff. It is only in the past few months that I have paid off all my debt – hence, the 80-90 hour weeks, which I could now cut back to maybe 60 if we are careful with our spending. We had also taken out some of our home equity to remodel, which I have also just finished paying off. So, I am now back to no debt (NO DEBT – no car loans, no HELOC…!) with the exception of this first mortgage. I guess being in this current situation, back to square one, is what is causing me to rethink how I want to live. I could cut back on my hours now, but the idea of no mortgage is enticing, so we may test the market just to see if anyone is interested in our house for what we would want for it. Then, I could increase my savings quite a bit for college and retirement… I am not comfortable with so much of our net worth tied up in the home, with the market seemingly only going down… it seems like it would be a lot less risky with a cheaper house, and more diversity in my portfolio (we have a few hundred thousand in 401K (mostly my wife’s 🙂 ) but that’s it, besides our emergency fund…

[Homeschool2Boys]

Thanks, temeculaguy, for your comments. I think you were typing as I was working on my prior post. Definite food for thought… What is HLS?

[Homeschool2Boys]

Thanks, temeculaguy, for your comments. I think you were typing as I was working on my prior post. Definite food for thought… What is HLS?

[Homeschool2Boys]

Thanks, temeculaguy, for your comments. I think you were typing as I was working on my prior post. Definite food for thought… What is HLS?

[Homeschool2Boys]

Thanks, temeculaguy, for your comments. I think you were typing as I was working on my prior post. Definite food for thought… What is HLS?

[Homeschool2Boys]

Thanks, temeculaguy, for your comments. I think you were typing as I was working on my prior post. Definite food for thought… What is HLS?

[Homeschool2Boys]

Ha… I showed my wife the “get a job” comments and she replied that she would love to… but, she has a job, homeschooling our kids, so an outside job will have to wait a few more years. She earned six figures 10 years ago (during the IT boom) working as a management consultant, but decided to stay home because we have a special needs kid, actually two of them. One was born with a physical disability and has had multiple surgeries that make homeschooling the best option. The other is much smarter than both of us – taking algebra this year at the age of 9. He is also a musical prodigy. Homeschooling works well for him, too, at least at this point. Our marriage and our kids are happy, so I think all I need to change is MY situation, and somehow reduce our expenses, by either selling or refinancing.

I know what you are saying about pricing low and creating a “bidding war” – that does seem to be happening at the low end of the market, with distressed properties under $500K. But would you suggest that strategy in the million dollar range, with a custom home?

[Homeschool2Boys]

Ha… I showed my wife the “get a job” comments and she replied that she would love to… but, she has a job, homeschooling our kids, so an outside job will have to wait a few more years. She earned six figures 10 years ago (during the IT boom) working as a management consultant, but decided to stay home because we have a special needs kid, actually two of them. One was born with a physical disability and has had multiple surgeries that make homeschooling the best option. The other is much smarter than both of us – taking algebra this year at the age of 9. He is also a musical prodigy. Homeschooling works well for him, too, at least at this point. Our marriage and our kids are happy, so I think all I need to change is MY situation, and somehow reduce our expenses, by either selling or refinancing.

I know what you are saying about pricing low and creating a “bidding war” – that does seem to be happening at the low end of the market, with distressed properties under $500K. But would you suggest that strategy in the million dollar range, with a custom home?

[Homeschool2Boys]

Ha… I showed my wife the “get a job” comments and she replied that she would love to… but, she has a job, homeschooling our kids, so an outside job will have to wait a few more years. She earned six figures 10 years ago (during the IT boom) working as a management consultant, but decided to stay home because we have a special needs kid, actually two of them. One was born with a physical disability and has had multiple surgeries that make homeschooling the best option. The other is much smarter than both of us – taking algebra this year at the age of 9. He is also a musical prodigy. Homeschooling works well for him, too, at least at this point. Our marriage and our kids are happy, so I think all I need to change is MY situation, and somehow reduce our expenses, by either selling or refinancing.

I know what you are saying about pricing low and creating a “bidding war” – that does seem to be happening at the low end of the market, with distressed properties under $500K. But would you suggest that strategy in the million dollar range, with a custom home?

[Homeschool2Boys]

Ha… I showed my wife the “get a job” comments and she replied that she would love to… but, she has a job, homeschooling our kids, so an outside job will have to wait a few more years. She earned six figures 10 years ago (during the IT boom) working as a management consultant, but decided to stay home because we have a special needs kid, actually two of them. One was born with a physical disability and has had multiple surgeries that make homeschooling the best option. The other is much smarter than both of us – taking algebra this year at the age of 9. He is also a musical prodigy. Homeschooling works well for him, too, at least at this point. Our marriage and our kids are happy, so I think all I need to change is MY situation, and somehow reduce our expenses, by either selling or refinancing.

I know what you are saying about pricing low and creating a “bidding war” – that does seem to be happening at the low end of the market, with distressed properties under $500K. But would you suggest that strategy in the million dollar range, with a custom home?

[Homeschool2Boys]

Ha… I showed my wife the “get a job” comments and she replied that she would love to… but, she has a job, homeschooling our kids, so an outside job will have to wait a few more years. She earned six figures 10 years ago (during the IT boom) working as a management consultant, but decided to stay home because we have a special needs kid, actually two of them. One was born with a physical disability and has had multiple surgeries that make homeschooling the best option. The other is much smarter than both of us – taking algebra this year at the age of 9. He is also a musical prodigy. Homeschooling works well for him, too, at least at this point. Our marriage and our kids are happy, so I think all I need to change is MY situation, and somehow reduce our expenses, by either selling or refinancing.

I know what you are saying about pricing low and creating a “bidding war” – that does seem to be happening at the low end of the market, with distressed properties under $500K. But would you suggest that strategy in the million dollar range, with a custom home?

[Author]

Posts