Crisis? What Crisis?
Sylvia Flores / 7 Feb 2013 / Ubiquity Insights
I did it. I put my house (crisis) up for sale. Now, I’m doing it FSBO for the moment—but I suspect that I will begin getting hit on by every real estate agent within a 20-mile radius. You want a piece of this? Yeah, you do.
One of my goals in 2013 is to get the heck out of debt and to get substantial savings in place. Another is to reduce the amount of crap I have. And that crap includes my underwater, in foreclosure home, which—by the way—could house a family of 8 comfortably. That being said, I am a family of two. We have about 2,000 more square feet than we could possibly need.
HAPPY NEW YEAR! To me.
So far, I’m off to a bangin’ start for 2013. I’ve increased my contribution limit for my 401k to 10%. <— What?!? YEAH! That just happened! And with that 4% match from my company, I am feeling good that I am working towards securing my future while NOT leaving free money on the table. I love free money. (You complete me, free money!)
The thing is we are in a totally different America than we were in just seven years ago. Getting a $100K credit line (while being totally undeserving of such a thing) is no longer happening. One does not just waddle out and get a home loan without a soaring credit score. I’ll tell you what—I want none of it. You can take your credit and shove it, Wall Street!
I am reimagining my life.
What do I want to be when I grow up? Not a MORON.
How do I get there? I am embarking on an adventure of discovery; one where I am no longer giving into my “I want, what I want, when I want it, which is now” previous attitude. The house needs to go. My kids are in college. The last kid is moving out in a short 6 months (booo). That means I need to find an apartment or a house to rent. And guess what—maintenance of said house as far as repairs and appliances and taxes? Not my problem.
My house is a money pit.
My taxes every year in this pit are insane. And maintenance of the beast? Don’t even get me started. What I can save conservatively by finding a place for rent will get me out of debt within this next two years. Maybe even one year. And guess what? My house is not my retirement. My retirement plan that is compounding interest.
Resolutions. Why not?
2013 is going to be an awesome year. First off, the Mayan Apocalypse didn’t happen. But the looming retirement crisis still is—so what are you going to do to make sure your future self is secure and happy?