Hi everyone
I have a dilemma that is actually quite a nice one, in some respects, because I have the freedom to choose what to do about it. It's the sitting on the fence and not knowing WHAT to do that is driving me batty.
We own a gorgeous home which makes my heart just sing...truly beautiful. Every day when I wake up here I get a wonderful feeling of peace and gratitude for my lot in life.
Downside, it does have a mortgage which I'm not altogether comfortable with. Upside, we have rental properties, some paid off, which more than cover the mortgage here.
Downside, I will probably still need to work 20 hours next year to keep my current comfortable standard of living. Upside, I enjoy my job and the people I work with.
However I keep going round in circles. I think the amount of money tied up in this house is too high, given what I could be using it for. I COULD sell here, use the profit to pay off another of our rentals, and have an income of around $45k per annum from the rental portfolio.
Then I could live in a much smaller home (one that's currently rented), by the beach, with no mortgage, and never have to work again.
So back we come to point A...I LOVE, LOVE, LOVE it here. Argh!!! What to do!!! Live here and work part time or live in a smaller home with no views but by the beach and not work at all?
I know this is incredibly personal in terms of tons of other life factors but I'd truly welcome any thoughts on this - maybe someone has an idea I haven't already thought about.