“Home,
Debt-Free, Home”
Chapter 6
BIG
HONKING,
SCARY STEP #2
The
readers on these financial posts are dropping likes flies. I told you
in the beginning, I am not a financial adviser, nor a writer. The
thing is the steps were simple, but not easy. This will be a very
short chapter.
Our goal was “We hope to sell our home in three years (this was written in 2013), and purchase another home with only the equity. Completely debt free. This will be more of a self sustainable homestead.”
Our goal was “We hope to sell our home in three years (this was written in 2013), and purchase another home with only the equity. Completely debt free. This will be more of a self sustainable homestead.”
The
last step was we refinanced our home and combined the equity we
pulled out and the money from our 401k's and then we had cash in
hand. We were adamant that were were only going to spend that much
money, no matter what. We didn't have to pre-qualify for a loan, we
came to the table with a straight offer and with the absolute goal of
selling our current home as soon as possible.
We
looked for over a year.
Stuck
to our strict budget. Made a list by establishing what was important
and not important.
The
pressure was on.
Told
you it was going to be short chapter. Basically that is how we
gathered the money to purchase our new home. We weren't rich, we were
willing to do what it took to achieve our goal and we got out from
under the cloud of debt.
Is
that the end of the story? We will see...
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Chapter
6: BIG HONKING, SCARY STEP #2
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