Hi! Thanks for all your input, I will look up the links and books recommended. Off the top of my head I was wondering which was better: paying off the house, paying extra on the principle, or making it a shorter loan(it seems paying extra on the principle "wins"). We have two businesses, mine is a home business I can do till I die, and the other is a small business. My hubby wants to put $$ into the business to grow it to a certain amount a month, then let it "coast"(relatively speaking)and then he wants to start his "dream" business, which if it works could do very well, and if it doesn't it wouldn't be too much skin off the nose(resell equipment).
On the other hand, as far as "retirement" is concerned, we'd like to have things paid off/set up to spend as little money as possible, and not pay taxes
(he hates paying taxes, especially as a small business owner you get taxed twice almost). Except property taxes of course. We have a good place.
I agree about the emergency fund. Is it possible to get a few payments ahead on you rmortgage? I had a friend who said she paid extra months so she was six months "ahead"--just in case she lost her job, etc. Is this possible? Of course you could just have the money in the bank getting interest too...
We are in out early/late 40's, good health, no health issues, no bad habits, lots of exercise, good food, fresh air. We do have paid off vehicles, and don't buy on credit, we save up for it.
In the end we may get nothing, my aunt is frittering it away in lawyer fees....
