Comments on: Carnival Of Personal Finance, And Why I Do Our Taxes Myself http://frugalbabe.com/2010/02/22/carnival-of-personal-finance-and-why-i-do-our-taxes-myself/ A rich life without a lot of money Mon, 06 Sep 2010 12:54:55 -0600 hourly 1 http://wordpress.org/?v=abc By: FrugalBabe http://frugalbabe.com/2010/02/22/carnival-of-personal-finance-and-why-i-do-our-taxes-myself/comment-page-1/#comment-28519 FrugalBabe Tue, 23 Feb 2010 22:26:27 +0000 http://frugalbabe.com/?p=1163#comment-28519 Wow, AD, I'm impressed! I share your love of straw bale houses, and I'm sure yours will be fantastic when it's all done. But being able to quit your job on your own terms instead of waiting until a bank says you can is worth a lot. Can't wait to hear all about your project once it gets underway. You're going to have a great house and a whole lot less debt than most people do. Congrats! Wow, AD, I’m impressed! I share your love of straw bale houses, and I’m sure yours will be fantastic when it’s all done. But being able to quit your job on your own terms instead of waiting until a bank says you can is worth a lot. Can’t wait to hear all about your project once it gets underway. You’re going to have a great house and a whole lot less debt than most people do. Congrats!

]]> By: Shawanda http://frugalbabe.com/2010/02/22/carnival-of-personal-finance-and-why-i-do-our-taxes-myself/comment-page-1/#comment-28499 Shawanda Tue, 23 Feb 2010 04:08:00 +0000 http://frugalbabe.com/?p=1163#comment-28499 Thanks for linking to my article. By the way, love your position on why people who are underwater on their homes shouldn't walk away from their mortgage. Thanks for linking to my article.

By the way, love your position on why people who are underwater on their homes shouldn’t walk away from their mortgage.

]]> By: AD http://frugalbabe.com/2010/02/22/carnival-of-personal-finance-and-why-i-do-our-taxes-myself/comment-page-1/#comment-28496 AD Tue, 23 Feb 2010 02:31:47 +0000 http://frugalbabe.com/?p=1163#comment-28496 We're building a straw bale house, as I think I've mentioned. Our architect gave us final construction documents two weeks ago, and we started to move forward with the loan process. Only I found out that I can't quit my job until the house is built for loan purposes (my goal is to expand my freelance work this year and leave my job). Fine, I could deal. But then we needed 20% for the total value of land plus house. We have a lot of equity in our land, but we don't have enough to cover 20% of land and house, so we'd have to wait several months before we could start to build. The more inspections and documents and hoops we were going to have to jump through to satisfy the bank, the more I toyed with the idea of paying in cash as we can. I think it will take about 5 years to finish the build, and waiting will save us $300K in interest. Right now we live in a double wide. It's not luxurious, but we've made it pretty nice. I'd love to be in our house ASAP, but we're in a very fortunate position to not pay rent, and I think we'd be stupid not to take advantage of that. Anyway, I thought about your blog when we finally made the decision. I knew FB would be proud! :) We’re building a straw bale house, as I think I’ve mentioned. Our architect gave us final construction documents two weeks ago, and we started to move forward with the loan process. Only I found out that I can’t quit my job until the house is built for loan purposes (my goal is to expand my freelance work this year and leave my job). Fine, I could deal. But then we needed 20% for the total value of land plus house. We have a lot of equity in our land, but we don’t have enough to cover 20% of land and house, so we’d have to wait several months before we could start to build. The more inspections and documents and hoops we were going to have to jump through to satisfy the bank, the more I toyed with the idea of paying in cash as we can. I think it will take about 5 years to finish the build, and waiting will save us $300K in interest.

Right now we live in a double wide. It’s not luxurious, but we’ve made it pretty nice. I’d love to be in our house ASAP, but we’re in a very fortunate position to not pay rent, and I think we’d be stupid not to take advantage of that. Anyway, I thought about your blog when we finally made the decision. I knew FB would be proud! :)

]]> By: Money Beagle http://frugalbabe.com/2010/02/22/carnival-of-personal-finance-and-why-i-do-our-taxes-myself/comment-page-1/#comment-28487 Money Beagle Mon, 22 Feb 2010 19:25:27 +0000 http://frugalbabe.com/?p=1163#comment-28487 Many thanks for the mention! Many thanks for the mention!

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