People are always telling me that it’s impossible to pay cash for a house. With all you have to pay for nowadays, it’s just unrealistic to think that a young couple with average jobs could attempt such a feat. Well, I’m here to tell you that it just ain’t so. Not being able to purchase that is.
Recently one of our team members stood up in staff meeting and shared how it has been a dream of hers to pay cash for a house…since she was 17!! Christy Harvey had seen the impact that debt can have on people and decided that she wasn’t going to partake in that ridiculous process. Instead, she started saving and investing early on.
Now let me put things into perspective – Christy is 30 years old and an administrative assistant at our organization. Her husband Mike is 28 and is a graphic designer. They didn’t get an inheritance. They didn’t strike it big in the lottery. Instead, they were what Christy calls frugal. When she wanted to buy something, she tried to find the best price.
When she could, she worked at baby sitting. She bought her first car for $1800, drove it for 5 years, and sold it for…$1,800!! Neither has ever had a credit card. When they got married, they lived on Mike’s income and saved hers. And this year they saved up enough money to buy a $119,000 house! One that was worth $170,000 a few years ago. (That’s a decent amount of house in Tennessee.) And that’s not all. They saved past the asking price to be able to do some remodels that they want, and go to Italy!
What does that mean? She is 30 years old, completely debt free, with a paid for house, AND THE REST OF HER LIFE TO STILL COME!!! Christy and Mike now have the rest of their lives to do whatever they want to. They can now save for their dream home and pay cash for it as well. All of that from an admin assistant and a graphic designer.
They stayed out of debt, paid cash for things, made smart purchases, and didn’t give up. Now they have a net worth that is greater than most of the people in this country. Pretty impressive if you ask me. There are a lot of people that you know that need this encouragement. Be sure they see this so they know it can be done.
Question: How does their story encourage you?