I’m a big believer that money is one of the first things that people notice about you. It’s difficult to explain, but when you’re in the middle of a project or trying to sell the house you’re in the middle of, it’s easy to start getting stressed out and anxious about money.
I agree that money is something that can cause stress, but I think that this is one of those things that can be overcome if you have money in your pocket. The most recent instance of this is the recent bankruptcy of the house I was building while we were starting out. While there was a lot of money in my pocket, there was also a lot of stress caused by trying to get to the bank to get my deposit back before I was finished.
It’s important to realize that money can be quite a factor in your psyche. The majority of people who have cash in their pockets are probably not even aware of it.
The best way to avoid money stress is to create your own financial cushion. Think about all the things that would mean if you were able to move out of your current home and into something more “comfortable.” This is not meant as a downer on the idea of owning a home, but just an example of the things that can make a big difference.
If you go through a divorce you can use your money in a lot of ways. You could buy a new car, or a bigger house, or build a new deck or patio. If you are able to take on a new job and move into a more comfortable place, your cash might allow you to make a few purchases you desperately needed to make before you started working in a new place.
I know, I know, this is a lot, but think about it. If you are able to take on a new job, move into a more comfortable place, and purchase a new house that you could buy with your old money, you might be able to save a bit of money on mortgage or taxes. And just because you save it, doesn’t mean you will get more.
The key take-away in the present is this: if you don’t have cash, or if you can’t take on a new job, you should always try to sell a house or buy a real estate home. If you’re in a hurry, you might have to think about making a deal with someone who’s willing to pay the money to buy a house. For sure, there’s no getting around this.
The house you buy for real estate is like a car; it can drive you around from place to place, and the more you buy it the more you can save it and you can also get higher returns. Some houses are sold out of the garage after you buy a house, and you can use this to buy your own home or move to your new house.
However, that doesnt mean you shouldn’t be careful. There are still very many home loans out there where you cant even make the payments on time. If you can, get a second mortgage for a little more cash and you can at least buy a house that isnt going to go up in value too much.
I dont want to be a financial whiner, but you can get a mortgage or refinance your existing one or even buy your home with a bank loan. If you can afford to refinance, you can also look at borrowing more money so you can buy a home that is worth more or build it up with a down payment. You can also put away some cash for a down payment on your own home.