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<blockquote data-quote="Orion inc." data-source="post: 2209958" data-attributes="member: 58808"><p>House is halfway paid off(will be in 7 years. 15 year mortgage but the building process added 2 years. Would have paid quicker but we pay the principle down each month by sending in 2-3x what the mortgage is so it might actually be before that mark. I'd have to look at the remaining principle and calculate but I'm speculation worst case scenario is 7 more years). </p><p>Cars are paid off except 1lease(2 cars paid off)</p><p>Boats are paid off</p><p>Wave runners are paid in full</p><p>Beach house is paid off and rented out seasonal for more income</p><p>1st house is paid off and used as a rental property for more income. </p><p>Kids college funds are more than adequately funded</p><p>Savings and retirements are in the amounts that are more than comfortable. </p><p>Trust funds are being funded for our children's future. </p><p>Business investments and other financial investments are not only funded but are making more now that the profit is growing at a safe steady rate. </p><p>Stock portfolio is well rounded and funded well. </p><p>We also help out both our sets of parents with their retirement. And we invested 20% in my brothers car business which is actually making good money on the return. </p><p></p><p>Cars depreciate by 40%. You're right on that. That's why we bought two at auction in cash and I lease mine. No maintenance and you don't lose money on trading it in after the lease if you negotiate well.</p></blockquote><p></p>
[QUOTE="Orion inc., post: 2209958, member: 58808"] House is halfway paid off(will be in 7 years. 15 year mortgage but the building process added 2 years. Would have paid quicker but we pay the principle down each month by sending in 2-3x what the mortgage is so it might actually be before that mark. I'd have to look at the remaining principle and calculate but I'm speculation worst case scenario is 7 more years). Cars are paid off except 1lease(2 cars paid off) Boats are paid off Wave runners are paid in full Beach house is paid off and rented out seasonal for more income 1st house is paid off and used as a rental property for more income. Kids college funds are more than adequately funded Savings and retirements are in the amounts that are more than comfortable. Trust funds are being funded for our children's future. Business investments and other financial investments are not only funded but are making more now that the profit is growing at a safe steady rate. Stock portfolio is well rounded and funded well. We also help out both our sets of parents with their retirement. And we invested 20% in my brothers car business which is actually making good money on the return. Cars depreciate by 40%. You're right on that. That's why we bought two at auction in cash and I lease mine. No maintenance and you don't lose money on trading it in after the lease if you negotiate well. [/QUOTE]
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