Quote:
Originally Posted by blankall
It sounds like you're doing a lot better than you think. I'm assuming you bought your house before the recent spike in prices. Which means, all of the equity in the house is yours. Your post-retirement life is going to cost half as much.
If you really wanted to decrease your expenses, you could downsize from a detached to a condo, and probably have no mortgage. That flexibility only comes with being single. I have constant pressure to upgrade to a place with more space. With a 3 year old and a baby on the way, at 43, I'm not going to be an empty nester until 65+. Then I have to prepare for expenses like post-secondary tuition.
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My job is fine, salary is decent but out of all my friends and most people I know I'm making way less. That's why I have to work sidejobs during evenings and weekends from time to time, it's exhausting and sometimes I get annoyed that I have to put in so many hours and bust my ass. Oh well.
Bought 10 years ago, have done all renos myself. I'll likely sell and downsize when I'm older.