Ignoring the economic bogeyman…

…if you’re like me, you’re probably very worried about the state of the economy. Further (if you’re like me), you’re probably inundated with information saying the economy is on the upswing…and downswing. I get emails and see headlines every day that alternate from “FINANCIAL ARMAGEDDON IS UPON US!” to “Housing surging! Economy is improving!”

Who do we believe?

I propose: neither. Follow the advice highlighted in this article and plan according to your finances and expectations. Don’t overleverage yourself; buy what you can afford.

We bought the home we live in now with my military pension in mind. Our threshold had to be $XXXX. When the numbers came in initially at $XXX7, I considered walking away from the deal. That’s how committed I was to making sure we didn’t overleverage.