Tuesday, February 1, 2011
Wow - it is February already! Perhaps next month, I would like to try an experiment. I would like to see if we can live on our rental income only. I am hoping I get offered an early retirement soon. If not, I am thinking about resigning as I can still apply for my retirement pension in just over 6 years. I am close to my 401K equivalent savings goal. My big push now is my daughter's education fund. I planned - purchased pre-paid tuition; set up an education IRA, etc. But none of them have done very well. I do have a few more years for them to turn around - get fixed (Pre-paid tuition - I believe there is a class action law suit at the moment), etc. I believe we have been fairly frugal, but we surely have areas in which we can improve. But, I am thinking if I don't put any constraints on - it is easier to fritter money away. Barring big repair bills, 100% vacancy, etc. we should be able to do it. I am going to give it some thought - of course I will need some cooperation from 2 other people.