“I found out that a coworker in the same position, with the same education, experience, workload, etc. Once you stop worrying about trying to accomplish your goals quickly, you can focus your mental energy on the things you can control to accomplish your goals. So whether you’re saving for your wedding or trying to get out of debt, know that these things take time and that’s okay. So relax, take your time, and embrace the emptiness! You’ll enjoy the house much more if you’re not worried about how to pay for everything all the time. It’s impossible for most people starting out to get to that level of settled in without burying themselves in debt. It’s easy to forget this because you started remembering things a long while after they started out together, so it feels like that’s how a house should always be. If you’re just starting out, remember that it took your parents decades to collect all the furniture, decorations, appliances, etc you are used to having around. That’s what’s at the heart of this thread about the importance of patience when it comes to your goals: In reality, the most successful people devoted a lot of time and energy into getting to where they are - and you should do the same. You start feeling like you aren’t doing enough to reach your own goals and might try to rush things to achieve their level of success. It’s easy to look at someone successful and compare yourselves to them. “Your parents took decades to furnish their house” Paying money for rent is no more a ‘waste’ of money than paying for food is.”įor more, be sure to check out my article on real estate investing myths and my post on how to buy a house.Ģ. OP also offers a great mental reframing of rent, saying, “As human beings, there are several things we need to survive, including food and shelter. These are also known as phantom costs - the expenses you don’t normally consider when you buy a house. Some of the lesser known costs include the lack of flexibility, stress, the risk of home price declines, home maintenance, real estate taxes, and HOA fees. While it is true that when you buy a home a portion of your monthly mortgage payment will be going to principal, and therefore you are paying yourself in some ways, however, the cost of home ownership is significant. If I ever go bald, know it’s because I tore my hair out every time I heard people say this. “Paying rent is not ‘throwing away money'” Here are 7 threads I consider must-reads. The Reddit personal finance subreddit can be an interesting place.
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