ARBOR WEALTH: Forty-two years of living within your means

Published: Wednesday, June 4, 2014 at 03:59 PM.

Who is gonna’ make it?

We’ll find out … in the long run…” from “The Long Run” by Glenn Frey, Don Henley and Bob Seger


Please allow me to introduce you to David and Rose, who have been married for 42 years.

Like many young couples, David and Rose began their married lives with virtually no assets. Throughout their marriage, though, they lived on 80 percent of their combined salaries. The other 20 percent was invested, saved and tithed.

As young adults, the couple used part of their savings as a down payment and bought the least expensive home in a nice neighborhood. Each month, they paid extra toward principal and eventually paid off the mortgage in 20 years. They still make their residence there. 

David earned over $100,000 annually only in the latter part of his career and Rose’s pay grade never reached that level. The couple raised three children, took an annual family vacation, and paid for braces for two kids. All three children attended college, but they all worked during school. 

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