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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (16144)	6/15/2023 5:40:37 PM
From: robert b furman	4 Recommendations Recommended By HD911 Kirk © longz sixty2nds Respond to of 27277

Hi Kirk, We saved our 20% down and got a 30 year. Then as Rates went down we threw some more money at it and refinanced for 15 years fixed. Got a homerun on Cohu and paid it off early. No expensive vacations. No credit card balances. I heard one of the young girls on CNBC say her generation is the generation of experiences and not material things. That's an excuse to me. There is some truth to be said about buying real estate is a timing thing, but one needs to live somewhere first. The sooner one starts, the sooner a 15 year fixed mortgage is paid off. Live frugally (that means few if any extravagant experiences) and make investments, and you too can have assets. These young women on TV from New York, don't know chit about how the other 75 percent of people live - they even have cars to drive and a place to park it on.<smile> My nephew gave me a lot of fear when he didn't have the drive to even get a drivers license until 18. He then flunked out of Notre Dame and came home. He got a good job downtown, lived in his parents downtown Condo and partied as a bar tender till he was 29. He then fell in love with a polish girl whose parents had never gone to college. They gave her a college degree ( huge hardship on their behalf) in child genetics, and she was a nurse at a childs hospital. Making five figures in three years later. From 29 to 32 he met her, got married, moved to the suburbs and had a baby. In three years he jumped to a responsible father, great husband, real family man and along the way got his Masters degree over the internet. So I take it all back, and just called him a late bloomer. If you want to play frugal and achieve assets, love is a strong motivator. No doubt his wife's conservative influence got it done. His parents greatly over nurtured both of my nephews. Their father worked his way through law school and took six months off, working for the city collecting garbage. I can remember his stories of beating off rats when dumping garbage cans frozen to the ground in the middle of a cold Chicago winter. He now is the top guy in a large law firm that represents Doctors in legal liability suits. Very successful and didn't want his kids to struggle like he did. I'm in no position to judge with no kids, but I do get to observe. < smile> LOL, when I express my conservative views Jan just tells me shut up. I did not enjoy being independent and broke for the 6 years as I attended college. It scarred me such that I knew I'd never be poor again. I was driven to be frugal and stayed that way so I could invest. Took some hard knocks and also had some nice homeruns. Everyone has a different story. I see a lot of Harvard and Yale silverspoons who come from wealth and stay in wealth. I have been a bit jealous of that for years, but now I'd never have had it any other way. Probably too much so. Jan continuously reminds me , we can't take it with us. LOL She has a point! Yesterday we started tearing apart the first floor of our Wisconsin home. Taking out the two walls of the dining room and opening up a kitchen to TV viewing room. I'm doing the demo so the architect has no excuses - she thinks I'm totally nuts! LOL P.S. Going to pack and water bath 53 gallons of sauerkraut this week end. Should be about 170 quarts! I cleaned it up yesterday. It fermented in my cold school basement in Redwing crocks for 7 months. Turned out very nice. Time for a Bloody Mary party. Bob