I forgot about that part, lotoole.
David, being your own boss is not always what it people may think it is.
Reminds me of my aunt. She's on up in age now and lives with one of the grand children.
Most of her life, she owned a house that she paid on the monthly mortgage. Eventually,
they sold the house in the country and rented a house inside the city. She said the reason
why they did that was because:
-They had to mow lots of yard
-They had to pay for lawn mowers
-They had to pay for gas for the lawn mowers
-They had to pay for upkeep/repairs of the lawn mowers
-They had to buy new lawn mowers when the old wore out
-They had to pay a monthly mortgage that was more than rent
-They had to pay property tax
-They had to pay property insurance
-They had to pay more gasoline going to and from town, rather than being in town
-They had to pay for a new roof
-They had to pay for house upkeep....paint, repairs, etc
-They had to spend a lot of their time at their house doing the above that they didn't spend enough time with each other and enjoy things outside of the house as much
What they liked about paying rent:
-Much lower monthly outlay since the rent was lower than their mortgage was
-Very small yard to mow that only took them about 15 minutes
-Almost null to pay for a mower, gas, upkeep, etc. In fact, they used a manual mower half the time
-No expense for home repairs. Anything that went wrong or needed repaired, the landlord had it done immediately
-Saved a ton of vehicle gasoline since they no longer had to drive into the city daily
-No property tax to pay
-No property insurance to pay
-----And she said, when they died, their children wouldn't have to argue over who got the house since they no longer had one!
And.....a couple of years ago, her husband passed away. As I said, she now lives with a grand daughter.
She doesn't even have the rent to pay now.
So what has that got to do with being your own boss?
A lot. Because when you are your own boss, you do have your own expenses too.