Building a house in 40 +. Is that wrong?🤣⁉️
Anyone who is going to borrow a house at the same age? 🙌 Raise your hands and come together here. I don't think I will come to do this content at this age, but nothing is too late. We believe that everyone has their own timeline of life. Let's share what makes us decide to have debt at this age and this age!!!😱😱 a little long post. Let's keep telling each other.
🙆🏻♀️ We are now full-time employees, 40 +, with no debt other than credit cards.
🏡 I have to tell you that we built a grandparents' heritage house, which we have lived in since childhood, did not think to sell, and had no idea of buying a new house (I have a house), but forgot that the house had its age, and when it was degraded, it was time to decide to owe the kind of debt you see 😣!!
❓ a job, so I can take on the debt ❌ because I'm not stable, so I have to create debt ✅.
A: It may sound strange. They are unstable, they should not have debt. 55 We choose to have debt instead. If we look superficially, our salary is comfortable to pay. But at this age and this age, no one will lose their job. Therefore, we see that this is the last chance. Because the older, the harder to recover, and in case of the future, not working regularly, it will be more difficult. So we intend to make a home loan through this year... even if there is a risk, it is the future.
❓ debt now is good? The economy is bad!?
A: We are scared, and we admit to taking risks. Because this year we see all the news to keep cash, not to build debt. The layoff is that there is nothing good, but we think that even this year or next, the world will continue to deteriorate, depending on the situation, but life has to go on. We try to plan our best and go. ✌️
❓, why just come to recover now?
A: Actually, there have been plans to do it for years, but there are many limitations.
- There were sick people in the bed before. It was very difficult to repair the house.
- We don't have the money to save. This is important and not ready for debt, because we have lost the cost of treating sick fathers and grandmothers (almost a million).
- Next, I found Covid poisoned, defrauded of money, all life problems, stayed the project for many years, who was discouraged.. I want to say that we were discouraged before. From almost no money to account, very tired days, just the money to go up to the taxi home, still do not have until I can save a sum to make a house.
- And clear the credit bureau. Can make a transaction. I think it's not ready now!!
💵 Of course, debt is pressure and risk, so how do we plan it?
1. Choose to recover a lot of balances, take what we can and for a budget to escalate (for sure)
2. Seriously plan for more than a year. Before we come to the loan application process, the first phase is when the contractor is looking for land separation, deed, and then there will be time to collect the money.
3. Clear the minimum amount of debt. Where to get the extra money to write off the debt first. More, less is still good.
4. In case of a backup plan, if there is no work, we have to pay the rest of the house, so we make two houses in case one can be rented and rent money can pay the bills.
🏡 long-term look, even if it's a debt, but houses and land are at least value-added assets, and we can make it profitable in the future if we sell it or make a pension for us if we rent it.
The next post will be shared. The process of building up is not easy to get into debt. And what to do? How much does it cost?
# Talk about home # First house # Renovate House # Building money # Post a day
