onmywayback
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House worth ~ 400k (Just paid back the last of a personal loan I took out to buy the house).
Land: 1.5 million (Only recently got this - no loans)
My wife and I are very frugal and save most of our money (
When you say that selling the land is a no go, will it always be a no go? When you are 60, will you be able to sell the land?
What rent will you get from the land? I presume only about €20k a year.
Brendan
I can't imagine a scenario where I would sell the land in the foreseeable future.
But you are 31.
Can you sell it when you are 60? Will the reasons tying you into it be gone by then?
Brendan
Is early retirement your main goal?
What kind of land have you got, and how many acres? Are there entitlements with the land?
Also, I'm assuming you've inherited the land with agricultural relief applied?
My parents are both still alive and working + farming another 150 acers that will possibly go to my sister once they are happy with the type of man she marries.
My parents are both still alive and working + farming another 150 acers that will possibly go to my sister once they are happy with the type of man she marries.
15k per anum extra gross, after tax until I'm 40 is not even 70k etc.
Seems odd that you don't seem to have any idea about your monthly/yearly expenses other than commuting...apart from that our main expense is commuting which costs us about ~650 per month.
Sorry this is off topic but! Disappointing that people still think like this in 2018 - what if she doesn't get married, does she get nothing??
That's not the only creepily misogynistic bit in this thread...
But anyway...
Even if it's put into a pension with full relief?
Seems odd that you don't seem to have any idea about your monthly/yearly expenses other than commuting...
E.g. utilities, insurances, housekeeping/groceries, medical etc.
Basically the usual stuff that most households/families have to budget for.
I would imagine that you need to outline your monthly/annual income and expenditure as a first step on the way to looking at what options there are.
Hope this helps.
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