Wednesday, September 28, 2016

Tentative Game Plan

Y and I have been talking lately about some goals for the future.  I put think that I would like to change positions in about three years.  My current position pays very well.  It is high intensity most of the time.  It is sales and execution.  I'm very good at it but it comes at a price.  I would like to change to a lower stress role but at the same time I know I will miss the money and power that I have with my current position.  Obviously, you can tell that I'm leaning toward leaving but have mixed emotions.

Anyway on the financial front, I want to have my ducks in a row.  Y and I have talked about attempting to pay off our mortgage.  We currently owe about $191,000.  It will be a stretch to pay it off in 3 years.

One of the reasons we want to do this is to reduce our monthly required cash flow.  However, the bigger reason we want to is because we don't like owing anybody.  We want to own our stuff, not the bank.

The analytical part of knows that it makes more sense to save and invest our money.  Our mortgage is at 3.375%.  I'm sure we could beat that in the market.

I'm not really sure what to do.  Maybe we will save the money and pay it off later.  I'm torn on what to do.  I do know that I want to have options so we need to either save or pay down.

1 comment:

  1. Ohhh, tricky! I hate that point of decision making but know that once the decision is made, all the stress goes away. It's just making the decision! Can you give yourself a timeline, say, a year, at the job, put more on your mortgage while you're still making a higher wage while saving the absolute minimum that you feel comfortable with? You're pretty savvy with investments so can you continue with that and look into options that will pay out dividends that could potentially be rolled over into extra mortgage payments or savings so that you can make your money work harder and better for you?