"NOYB" wrote in message
nk.net...

"Eisboch" wrote in message
...

"NOYB" wrote in message
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But then what is the point of working harder and desiring advancement in
your career? I think the saddest thing is someone who is in their prime
earning years and not workig to maximum potential because of apathy. If
you're 55+ years old, that attitude is fine. But not at my age.


Hey!

Not to bring a dog to this debate, but for most people, their prime
earning and maximum potential years in terms of a career is in their 50's
to 60's.

NOYB, as your "handle" stipulates, this question is none of my business,
so ignore it if you desire, but I am curious. Are you married? Do you
have any dependents, married or not?


Yes. Wife and three kids. School is funded, and pension plan is funded
to the max each year.

I have no personal debt other than the home and the larger boat. Credit
cards are paid off every month. In fact, the only "bad" debt I have is
that Grady White. A house is an appreciating asset (at least over the
long haul), and affords me a writeoff. The boat also provides a writeoff,
but the deprectiation outpaces the terms of the loan, so I consider it a
"bad" investment.





I ask because your seemingly aggressive financial approach to life makes
perfect sense to me for a single person with no current or future
financial responsibilities other than to himself/herself. I am not
saying it's right or wrong but if someone in their mid 30's with a
financial responsibility for others who highly leverages themselves with
interest only mortgages, plus car and boat loans at basically the
beginning of their career and earning potential is taking a bit of a
risk, IMHO. Old school maybe, but too much debt can be a career killer
no matter how much you earn at the moment.


I work 4 days/week. I could easily work a 5th day if money got tight.
Also, I have a business loan that costs me $6000/month. It will be paid
off in 3 years, increasing my disposable income quite a bit. I have own
occupation disability insurance, and enough life insurance to pay off my
debts and leave another million or so to the wife and kids.

I live tight, but not dangerously IMO.


Then I would offer sincere congratulations. For a guy in his mid 30's you
seem to have things in good order.

Eisboch (shuda been a dentist instead of an engineer)