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What Was Your First Big Purchase After Separating or Retiring?
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Responses: 703
Had to be a brand new Silverado 1500 that I ended up getting for half price.
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My first big purchase was a set of vehicle mechanics tools to start a job as a vehicle mechanic in the civilian life.
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A house!
Honestly, though, my wife (who agrees with me now) and I should have pulled that trigger a long time ago. We would have much more equity than we do right now. We currently pay the same for a mortgage as we were for rent. We got a ridiculous stupidly low rate just before the COVID-19 stay-at-home orders were issued. The money we were (and continue to) paying to have a roof over our heads now goes back into our own pockets as equity, which is always better than going to someone else as their profit.
Honestly, though, my wife (who agrees with me now) and I should have pulled that trigger a long time ago. We would have much more equity than we do right now. We currently pay the same for a mortgage as we were for rent. We got a ridiculous stupidly low rate just before the COVID-19 stay-at-home orders were issued. The money we were (and continue to) paying to have a roof over our heads now goes back into our own pockets as equity, which is always better than going to someone else as their profit.
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A house! Honestly, though, my wife (who agrees with me now) and I should have pulled that trigger a long time ago. We would have much more equity than we do right now. We currently pay the same for a mortgage as we were for rent. We got a ridiculous stupidly low rate just before the COVID-19 stay-at-home orders were issued. It is better that it goes back into our own pockets as equity than into some corporation or someone I don't know.
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