The fantasy: We want to buy some land (minimum 5 acres) and put two yurts on it. One for him and one for me.
Me: I'll be graduating school in 6 months with about $70,000 in debt. About 3/4 of that is a private loan, 1/4 is federal loans. It's very reasonable for me to assume that I'll be making $40 an hour and working 36 hours a week. I'll need to be aggressive with retirement planning when I graduate as well.
My buddy: makes 46,000 a year before taxes which will go up a tiny bit per year; 6% goes to pers. He has 25,000 in a Roth IRA that he's not currently contributing to and has 10,000 saved.
Lots in the area go from 70,000 to 150,000. We live in a fairly mild climate. Yurts are doable year round. Nice ones look like they range from 20,000 to 30,000.
Neither of us has kids, we both have dogs. Despite our efforts neither dog is working.
What are we not thinking of? Is this doable and on what kind of time frame?
Submitted June 09, 2019 at 07:22PM by helpmyfantasyplan http://bit.ly/2K6mFKr
