Even though I still have 7 months left on my mortgage plan, I can't help but think about what to do next. A neighbor of mine had a well dug last week so I called the company to find out how much a well would cost today. They sent me the neighbor's exact bill. $31,000. Wow. Actually, it was that much 3 years ago so I am glad the price hasn't gone up. I did a rough calculation of everything that I want to build on my property:
30'x60' steel garage $31k
Solar system $20k
Small 3 bedroom house $80k
Septic system $5k
At a savings rate of $20k per year, I would have to work for 8 1/2 more years. That's too much. If I keep this old mobile home for now then I have somewhere to live. I don't really need a house. If I don't have a house then I don't need a new septic system. I have electricity in my existing garage. I think I could replace my wood garage with a steel one and collect rainwater off of the roof, which would eliminate the need for a well. So all I need is a big steel garage for $31k. I would still have to work for 1 1/2 more years after the mortgage is gone to pay for it. Maybe that would be doable. The long term plan would be to convert half of the garage in to an apartment little by little. That way I could do it in stages without a mortgage.
I have plenty of time to decide but if I don't have a goal then I will be tempted to spend the money elsewhere...like on dogs...and horses...don't even get me started on horses. See there's this horse rescue and they need foster homes and I need a barn and corral and fencing and shade and hay and...and...and...maybe one day.