Broker Check

Don't go House Broke!

April 01, 2021

One mistake a lot of people make when they first start making money is buying a house that is too big for their budget. Of course we want to look successful and rich by living in a nice big house, but what's more important than looking rich? Actually being rich! By getting a smaller house that still works for you, you will be able to save and invest a lot more for the future. Think of it this way, if you make $5,000 a month and your house has a $2,000 monthly mortgage payment, that means you have $3,000 to spend on everything else, savings and investing included. Now if your payment is only $1,000 a month, you then have $4,000 to spend. Over time, this will add up to be much more than you might think. Watch this short video for a little more clarity.

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