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Long Term Goals

May 26th, 2007 at 07:54 am

With all the projects going on around here, I still have been able to save some money. This obviously makes me very happy. We are pretty much putting the savings towards retirement. The only big purchases that we forsee in the future are to develope our land in PA. We would like to put a nice sized cabin on the property. My DH would also use a portion of the cabin as business space. He would like to set up a fly fishing office. He would take customers out on the Delaware River to fly fish, have fly tying lessons and casting lessons. He would also be writing his own books on his experiences on fly fishing the different enviroments he has fished in his many years as a fly fisherman. The property faces the Delaware river. We purchased it several years ago and have been waiting for the kids to finish college before we started to break ground.

The other purchase would be to buy a town house on Amelia Island in Jacksonville FL.. This area is so beautiful and the weather is so great. The only thing is that the real estate there is still so very expensive. I don't think that they are facing the same housing problems as the rest of the USA. Any way my thoughts on this are to buy something soon and to rent it out for the next 10 years or so. Until I am ready to live there on a part time basis. This way hopefully the mortgage will be paid.

My time frame for both of these projects are over the next 10-12 years. This is what is driving my frugal ways. It may turn out that I will never have the property in FL. but that is ok too. I have also considered the possiblity of renting when I'm ready for 6 months of the year.

So, getting the two properies and having enough money to live comfortably on are my driving forces. So when I see something that I want at the store I ask myself do I really want to waste my money on it or do I want to save it and get what I really want.

2 Responses to “Long Term Goals”

  1. Ima saver Says:

    Great goals!!

  2. moneycents Says:

    Thanks Julie!

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