Posted by Nox on March 23, 2006 at 09:35:25:
Hey all.
First let me say, once again thank you for the advise, knowledge and information. You guys and this site are reasons why the net is as powerful as it is. Ive worked professionally for 10 years in IT Security, highend enterprise level systems (Gov / state work as well) and off all my years on here I am yet to find a resource AS valuable as this one…
With that said:
All of the above points are correct, I am in need of taking a step back and getting stable (Considering work, my online websites projects, and the REI) I may have way too much on my table…
I love REI, but its not what I feel I am “excellent” at. That would have to be tech.
The condo WAS purchased as a investment, but at the moment its my place of residents as well as a non-asset (Does nothing at this point but take money)
RE: Living under my means…
This is what I am trying to accomplish. I went from a 180k dual household income to 65k a year. I also have all the issues that going down a pay grade like that comes with… The home, the cars, etc…
I guess the real staement is I am affording my lifestyle but thats it… where prior money was not a concern it is now something I have to plan, budget, account for… etc…
For teh moment I think the best thing for me is to step back, get myself to the point where I am not worrying, stable… read and educate myself on all of these areas I work in or plan on working in… and go from there…
I dont want to make a decision based on either panic or a feeling of “I must move now” Hurried in other words…
I dont want to make a sale on my condo for the pure act of getting money and selling it, as then I wont have a place to live (And I require 24/7 internet access for work) and Ias I see it I am only building more equity for when I AM ready to sell (With other properties lined up and exit strats planned out)
Am I on the wrong mindset?