I had just given a presentation to about 40 soon -to -graduate college students on basic financial tips for when they leave college in a few weeks. I included my “timeless tips” that I have accumulated over the years and that includes the call to avoid spontaneous purchases. Then the next day we spontaneously buy a new house!
As a clarification, we generally follow our own advice when it comes to avoiding spontaneous purchases. I mean sometimes we will buy a cone for $1.07 spontaneously, something small like that, but this is now the second house we have purchased spontaneously. I suppose if you are going to violate your own “timeless tips”, might just as well go big!
The more complete story is that we had told a realtor friend a few months ago that we wanted to move into a townhouse in the same general area where we currently live in 3-5 years. Being a good realtor, he of course found us what we wanted in the more like 3 – 5 weeks and when the price came down, we decided to make an offer and it was accepted thereby violating another “timeless tip” to practice delayed gratification. I could probably argue that if you are retired, you need to be careful how long gratification is delayed!
So in a couple of months we will be moving 6 blocks to a new townhouse with our backyard being the University of Minnesota agricultural fields. I guess I am going back to my roots.
The adventure called retirement continues . . .
A Boomer In Transition