I love real estate. I love houses. I love farms.
I want to buy a house. Really. I mean I really really really want to buy a house.
Right now we can’t.
It kills me.
My husband and I don’t use credit.We haven’t in almost 5 years. 10 if you don’t count our last car loan, which I guess you should.
A few years ago I stumbled upon Dave Ramsey. Ever hear of him? He is a best selling financial expert who has made it his mission in life to help people escape from debt and its harms. Author of The Total Money Makeover, his plan has changed many lives.
The Total Money Makeover Plan is pretty simple. It has 7 Baby Steps
1) Save up $1000 for an Emergency Fund
2) Payoff all debt using the Debt Snowball
3) 3 to 6 months of Savings
( you can buy a house after step 3, the only debt Dave allows)
4) Invest 15% in pretax Roth Iras and pre tax retirement
5)Save for college for your children
6)Payoff your house early
7)Build wealth and Give
Biggest rule:CASH ONLY
Pretty easy right?
At least for me.
The cash only deal was easiest. Kind of. My husband and I have been all aboard using only cash. It is really hard sometimes but is totally worth it. I find peace knowing that everything in our house ( except our house) is ours and has already been paid for. The hard part has been the saving. I am not a saver. I want to be. But I am not. I am good at saving money but not good at actually not spending it somewhere else.
I spend a lot of money on gas.
When I am sad or stressed I can’t be in the house and go out and spend. Not a lot but the nickel and dime stuff is what really keeps you from your goals.
Now I am sad about not being able to buy a house. Tired of having my husband work hard and have no money to show for it.
I am ready to grow up and face my behavior.
I want us to be able to buy a house and not be up to our eyes in debt like all of our neighbors.
I need some accountability and I am going to use this as it.
When I fall I will tell you.
When I succeed I will share.
When we can finally buy a house, there won’t be anyone in the world how doesn’t know.
I need your help.
Pretty Fancy right?
Cash is King! is one his tag lines. He truly is a great man and an inspiration you should totally check him out.