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What would you buy?

August 17th, 2012 at 04:37 pm

I happened to be searching google for actual people who had set a goal to pay off the mortgage. I came across a blogspot named "Death to the Mortgage". This couple paid off their mortgage in about three and a half years on April of 2011; the original refinance amount was $148K. On Wednesday, they are closing the blogspot and have a new blog called, "Death to the Full-Time Job". Clearly, these people are goal oriented and are definitely moving on to the next goal. Blogs such as these keep me inspired and "gazelle intense" (sorry if you are not a Dave Ramsey fan)in paying down our debts. I often wonder what will be our next step if we happen to meet our long term financial goals. I know for sure that we will continue to build our savings and contribute aggresively to our retirement funds, but I have a confession to make. When we are done paying our debts I want to purchase my dream car: a convertible BMW (series 1 is perfectly okay with me). It may seem shallow and unnecessary to some, but I will be treating myself with this car. If you were completely debt-free (house and all) what material things would you splurge on?

10 Responses to “What would you buy?”

  1. ceejay74 Says:

    One dream I've had is to have a vacation home somewhere really idyllic, like the Italian countryside, or somewhere interesting and urban, like Amsterdam. Who knows if that's actually what I'd splurge on if I no longer had debt? I would probably up my lifestyle a bit and supercharge my retirement savings. I do want to live permanently in England someday, and I bet having more money would ease that considerably.

  2. Shiela Says:

    More travelling... anywhere and everywhere Smile

  3. PNW Mom Says:

    I would travel, travel, and travel! Smile

  4. Looking Forward Says:

    New car. Travel. Home improvements and decor stuff.

  5. PatientSaver Says:

    Well, after paying off my own mortgage about a month ago, I AM completely debt-free. And I must say i still don't splurge on anything since I'm not working full-time. But, if I could splurge, I would love to travel as the others have said. And I also really should be thinking about a new car in a few years.

  6. -Jerry- Says:

    I would like to have a couple of homes with land in different countries, which would lead me to be able to work wherever/however I wanted. I'd like to be able to fund some annuities that would make income a non-issue. I had a mentor who is a physician and he told me once that one of his financial goals was to never, ever feel tempted to make a clinical decision with a patient based on his own monetary considerations. I thought that was pretty honorable.

  7. LittleGopher Says:

    We paid off our mortgage in 2009, but we aren't living high yet, between our college crunch and filling the retirement coffers Smile

  8. frugaltexan75 Says:

    I am debt free, but am right now saving towards replacing my 16 yr old car. Once I've accomplished that, then my goals are to majorly up my retirement savings, fund my EF to 1 yr+, and save towards a dream vacation - several week European cruise/land tour. Smile

  9. wowitsawonderfullife Says:

    My dream is to own a winter home in Florida on the water, reno my cottage up north for summer living, and have a nice simple place about 30 minutes away from the cottage as a home base.

  10. My English Castle Says:

    We have a lot of savings goals--funding retirement and college for kid--but travel--and a small English cottage would be wonderful

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