by JudyJB » Mon Feb 20, 2012 9:18 pm
Thanks. I know that is really good advice. However, after decades of being sensible and doing stuff for other people, I am going more on emotion, I admit. I had a lot of rough years raising my kids on my own and working to put them through college, while working on my own education. (Try working full time, taking two classes, and teaching two classes all at the same time!)
I hope it will be longer than two or three years, but in any case, I'll be putting enough down and also plan to make double or triple payments to get it paid off faster while I am teaching online. (Hopefully, my brain will stay reasonably alert for a few more years.)
I know it is much more sensible to buy used, but I am willing to take my chances. I've wanted to do this for decades, so it is my dream. I know I will have to be disciplined, but I will get some money from my house and will have a small emergency fund without touching my 401K for a few years--all the result of working two jobs for 22 years. Technically, my teaching online is still a half-time job, so I am not really completely retiring. Also waiting to retire until I am 69 will mean more SS and will enable me to do this financially. Push comes to shove, and I will try to get some consulting work rather than touch my 401K.
I really do know you are giving me the best advice and appreciate it. Just don't want to be too sensible right now. I am tired of being sensible, if you know what I mean.