These early retirees bought a ‘disgusting’ house with cash and pay less than $1 a pound for food
Some may say Jillian Johnsrud has a frugal lifestyle, but, if you ask her, she’d say she’s living the dream.
The couple wanted to buy a home, but they wanted to pay for it in cash, so they bought a small, “disgusting” home for $50,000. The basement had flooded, so the previous owners dropped the price by $20,000, and the Johnsruds spent two days pulling the basement apart to renovate it. But it was worth it: It allowed them to save up and buy a rental property a few months later.
“We love to travel, but we do it at a fraction of the price,” Johnsrud said. They also rent out their home for weeks or months at a time while they’re away, which will offset, if not pay for, their trip. When the kids ask to do expensive after-school activities, they’ll discuss the pros and cons of each decision, and ask them to weigh which they’d rather have: the activities or a family Disney trip.
The FIRE lifestyle — especially that of the Johnsruds — may not be for everyone. “The biggest motivation was really focusing on our biggest dreams and our biggest goals, and knowing that these sacrifices were for a bigger purpose,” she said. She and her husband wanted to travel, to pay for a house in cash, to adopt, which made this balancing act worth it.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wells Fargo to donate $1 billion toward affordable housing by 2025Wells Fargo & Co said on Wednesday it will narrow the focus of its philanthropy ...
Weiterlesen »
House Dems eye $1 trillion ‘minibus’ in first step to avoid shutdownThe House will likely take up a roughly $1 trillion funding package next week, marking an aggressive first step by Democrats to avert another government shutdown this year
Weiterlesen »
Chocolate, chips and hamburgers among 'ultra-processed' foods linked to early deathThis doesn't bode well for our summer BBQ plans: Chocolate, chips, and hamburgers are among 'ultra-processed' foods linked to an early death.
Weiterlesen »
You can buy a home in this scenic town in Sicily, Italy for $1—but there's a catchMussomeli in Sicily, Italy sits on a steep hillside, has narrow streets and is known for its medieval castle and old churches. As part of a not-for-profit project, there are about 100 homes for sale there for 1 euro each, as long as you're willing to renovate.
Weiterlesen »
Why Chick-fil-A's decision to close on Sundays is a brilliant business strategyChick-fil-A locations are all closed on Sunday, in keeping with founder Truett Cathy's Christian faith. Here's why it's a brilliant business strategy.
Weiterlesen »
Azerbaijan cancels $1 billion contract with Boeing for safety reasonsAzerbaijan airline AZAL has canceled a $1 billion contract with Boeing to purcha...
Weiterlesen »
Artist, Icon, Billionaire: How Jay-Z Created His $1 Billion FortuneNew billionaire Jay-Z has accumulated a varied fortune stretching from champagne and cognac to tech startups and real estate.
Weiterlesen »
Lost Lewis Chessman worth over $1 million found in drawerA long lost Medieval chess piece stored in a drawer for 55 years, the Lewis Warder, could now fetch up to £1 million ($1.3 million) at auction.
Weiterlesen »
Artist, Icon, Billionaire: How Jay-Z Created His $1 Billion FortuneJay-Z has accumulated a fortune that conservatively totals $1 billion, making him one of only a handful of entertainers to become a billionaire—and the 1st hip-hop artist to do so
Weiterlesen »
Artist, Icon, Billionaire: How Jay-Z Created His $1 Billion Fortune“If he’s a billionaire now, imagine what he’s about to be,” Swizz Beatz, the superproducer behind some of Jay-Z’s biggest hits, says about the superstar. “Because he’s only just starting.”
Weiterlesen »