It all started with my first visit to a financial planner when I was 21 years old. Of all the good work you do ladies, whether married or single, I recommend doing this above all else. If for no other reason than to learn how to create a budget. The right advisor can teach you all sorts of cool things about money and how to make yours work in your favor.
I remember talking to mine about still living at home and how, never having rented an apartment, I always thought about what it would be like to own my own space. She agreed. And then we did the math. If I found an apartment that was $1,000 a month and I lived there for five years, what would I have at the end of that 60 months? Nothing. I would also be minus $60,000! The numbers were too much for me to compute. "Let's get you in a house," was her response.
As an aside, I highly recommend you find an advisor who not only teaches you about money, but encourages you in your dreams. She was the first person - the only person for awhile - who knew what I was thinking, and didn't laugh at me or tell me I was crazy. She simply laid out a plan to help me get there.
And then I started saving.
And I saved. And I saved. And I saved.
In seven years, I managed to save enough for a down payment and some furniture. This was one of the hardest things I've ever done. It's not easy to watch friends buy cars, and clothes, and trips. But I had my sights set on something bigger. Something that would last longer. Also, I didn't want to go into debt over things I didn't really need.
You've probably heard the saying, "don't give up what you want most for what you want now" and I lived by this motto for years. Seven years to be exact. Sometimes, it seemed like the day would never come when I would see the fruits of my labor, but the day did come and I'm so glad I was ready for it.
Here are a few things buying a home taught me:
* Self-discipline - I had to weigh every purchase very carefully. If it meant removing money from my 'house savings' account, it had better be for a worthy purchase. If not, I wasn't going to consider it.
* Looking ahead - The problem with many people today is that they have no concept of the future. It will be here someday, so do yourself a favor and prepare now. Planning, searching, and saving for my home taught me how to think about the long-term and not just be in the moment - at least not all the time. It's a good to have a plan.
* Be smart - Just because a bank says they can loan you THIS MUCH money because you have such awesome credit, doesn't mean you can afford THAT MUCH house. Be smart about what your finances look like and how much mortgage you are actually comfortable investing in. Remember, unlike renting, it's a lot harder to walk away. But it is worth it.
Mostly, it taught me that big dreams are possible, and it's a regular reminder that I can do more than I think I'm capable of. I love where I live. I love it because I sacrificed and invested to get here. I love making it my own and adding my personal touches. Every picture and pillow reflects an emotion or a memory. And that just makes my heart swell.
And at the end of the hardest day I've ever had, I came home. I turned the key and opened the door. I looked around and thought - you did this.
And that's a beautiful feeling.
