cauncy said..Dave Whettingsteel said...cauncy said...
There's 2 graves
Both hold someone of the same age
Difference is ones put work before life
We all end up in the same spot of dirt
I'd like to think I'm the other bloke
I've been a grafter all my life, but I'm bringing my kids up with a different attitude, as I'd live my life in a very different way today, doesn't matter what you've got when your toes are pointing to the sky
There is some wisdom...
Watched some backpackers pass my place today, old clapped out van chocked with surfboards and life's important stuff, as they looked at my big house on the ocean ,if they only knew how enviouse I was of them, they were living , I was passing time
It's all well and good having fun and making just enough to get along when you're a little younger but once you're unable to or don't want to work what happens then?
Stupid compromises! I hate you
Plummet said..
On not owning a house side of things and renting. What a horrendous waste of money. Do some hard yards working for a few years and buy a house. The mortgage will be the similar to rent. 20 years later you will own a house and be a lot more financially stable,,,
Sure rent and mortgage can be similar but then you have at least several thousand a year on extra expenses. Rates, insurance, maintenance and improvements, etc. If you take that extra money as a renter and invest it, you can even everything out.
You're not guaranteed to make capital from house (though it's probable). You may also have a take a loss if you have to move quickly due to jobs, family, etc.
Basically, renting is not a bad decision. Comes back to those stupid compromises again.