No topic thread,,, Part 2
FTE Legend
Joined: Aug 2004
Posts: 37,887
Likes: 20
From: North Central Rural Sask.
Aaron dont worry about the student loans. Ive worked all kinds of work through my life so far, and truely the best thing for a guys complete future is getting an education, and a good job. Not many guys that work places like the oil patch, or own their own businesses can ever retire at the same ages as most people that get a well educated-needed type job.
Gerry, no we dont go bi weekly for our payments, the bank wont let us! We bought our place as 320 acre, then built a new house, and the banks view it as agricultural land, which from what they tell us, the rules change from a normal mortgage. We paid off one quarter of land though, and are pondering paying the other one out completely, rezoning our yard so its an "acreage" instead of a farm, then going bi weekly.
With our mortgage we have the option to pay extra every so often with no penalties, so we usually drop 10ish grand down extra a year, in order to try and get it paid off alot faster.
Gerry, no we dont go bi weekly for our payments, the bank wont let us! We bought our place as 320 acre, then built a new house, and the banks view it as agricultural land, which from what they tell us, the rules change from a normal mortgage. We paid off one quarter of land though, and are pondering paying the other one out completely, rezoning our yard so its an "acreage" instead of a farm, then going bi weekly.
With our mortgage we have the option to pay extra every so often with no penalties, so we usually drop 10ish grand down extra a year, in order to try and get it paid off alot faster.
Logistics Pro
Joined: May 2010
Posts: 4,436
Likes: 19
From: Regina, Saskatchewan
Evening everyone!
I know I shouldn't be worrying because I'll be able to pay off my student loan in around 5 years if I keep hard at it, and then I'll be debt free...
Getting a decent job is next on the list for this coming spring. I won't be finished at school yet, but getting my foot in the door never hurts.. sorta speak... haha.
I can't wait to start making money to pay back, erm... buying tools and fixing up the dentside! lol!
It's all in the plan for me so far, it just sucks having very close to 6 figures in debt due to school lol.
Aaron dont worry about the student loans. Ive worked all kinds of work through my life so far, and truely the best thing for a guys complete future is getting an education, and a good job. Not many guys that work places like the oil patch, or own their own businesses can ever retire at the same ages as most people that get a well educated-needed type job.
Getting a decent job is next on the list for this coming spring. I won't be finished at school yet, but getting my foot in the door never hurts.. sorta speak... haha.
I can't wait to start making money to pay back, erm... buying tools and fixing up the dentside! lol!
It's all in the plan for me so far, it just sucks having very close to 6 figures in debt due to school lol.
Thread Starter
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Moderator
Joined: Dec 2003
Posts: 97,524
Likes: 2,001
From: Saskatoon, Saskatchewan
Good evening folks. 
I`m sure it`ll happen, give it time. 
FTE Legend
Joined: Aug 2004
Posts: 37,887
Likes: 20
From: North Central Rural Sask.
Yeah Aaron having that much school debt would suck, but its still worth it, eventually.
See I chose a different route. I worked and continue to work, and started university when I was 31 years old. The plus is I was never short of money. I can easily afford to go to school and toys, and mortgage, etc, and that makes things easy now.
The huge downside is, if I would have went to university when I was 19, I would be long done, student loans long paid off, and probably a good portion of my way done towards a good retirement plan, earlier in my life then later.
My wife will retire when she is 52, I will be fully retired (if I choose to stay to the end) when Im 65. Now that Im 32, guess which age I would love to be retired at?
See I chose a different route. I worked and continue to work, and started university when I was 31 years old. The plus is I was never short of money. I can easily afford to go to school and toys, and mortgage, etc, and that makes things easy now.
The huge downside is, if I would have went to university when I was 19, I would be long done, student loans long paid off, and probably a good portion of my way done towards a good retirement plan, earlier in my life then later.
My wife will retire when she is 52, I will be fully retired (if I choose to stay to the end) when Im 65. Now that Im 32, guess which age I would love to be retired at?
Logistics Pro
Joined: May 2010
Posts: 4,436
Likes: 19
From: Regina, Saskatchewan
Yeah Aaron having that much school debt would suck, but its still worth it, eventually.
See I chose a different route. I worked and continue to work, and started university when I was 31 years old. The plus is I was never short of money. I can easily afford to go to school and toys, and mortgage, etc, and that makes things easy now.
The huge downside is, if I would have went to university when I was 19, I would be long done, student loans long paid off, and probably a good portion of my way done towards a good retirement plan, earlier in my life then later.
My wife will retire when she is 52, I will be fully retired (if I choose to stay to the end) when Im 65. Now that Im 32, guess which age I would love to be retired at?
See I chose a different route. I worked and continue to work, and started university when I was 31 years old. The plus is I was never short of money. I can easily afford to go to school and toys, and mortgage, etc, and that makes things easy now.
The huge downside is, if I would have went to university when I was 19, I would be long done, student loans long paid off, and probably a good portion of my way done towards a good retirement plan, earlier in my life then later.
My wife will retire when she is 52, I will be fully retired (if I choose to stay to the end) when Im 65. Now that Im 32, guess which age I would love to be retired at?
It'd be nice to do what a friend of my dads did. Got a fantastic job at the age of 25 after university, worked there his entire career, and made enough money to have a loving wife (cause what wife doesn't love money?), five kids and a very nice house. He did it all, and retired at the age of 45!
Now he's watching all his kids grow up, and still has lots and lots and lots of money to boot while he does it.
FTE Legend
Joined: Mar 2009
Posts: 161,103
Likes: 8,085
From: North Bay Ont Canada
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FTE Legend
Joined: Aug 2004
Posts: 37,887
Likes: 20
From: North Central Rural Sask.
Retiring at 45 would be great! What did he do for a job, that allowed him to retire off of only 20 years of service?
I always give my wife props too, she finished university at 21, started a full time teaching career at 21, and is is well on her way to her retirement, kudos to those that done/have done that!
I always give my wife props too, she finished university at 21, started a full time teaching career at 21, and is is well on her way to her retirement, kudos to those that done/have done that!
Logistics Pro
Joined: May 2010
Posts: 4,436
Likes: 19
From: Regina, Saskatchewan
Retiring at 45 would be great! What did he do for a job, that allowed him to retire off of only 20 years of service?
I always give my wife props too, she finished university at 21, started a full time teaching career at 21, and is is well on her way to her retirement, kudos to those that done/have done that!
I always give my wife props too, she finished university at 21, started a full time teaching career at 21, and is is well on her way to her retirement, kudos to those that done/have done that!
My dads buddy designed tons and tons and tons of mines in Europe and the U.S. He was always flown out and back on company money. Lots of the time he would be required for a week at a time, so he'd take the family with and they'd hit up different parts of Europe (depending on where he was stationed) for three weeks or more just to take in the sight seeing after his week of work was over.
He made scads and scads of cash while traveling the world doing what he loved. Doesn't that sound like a dream come true? haha.