As my wife & I are looking at our next chapter, we’re considering where to move (once again). Along with the decision to move, is whether to build our own home or just buy one like we’ve done in the past. Someone I was reading recently mentioned how the book “Mortgage Free!: Innovative Strategies for Debt-Free Home Ownership” (Rob Roy) was really helpful for them during this process. This will be our fourth home, and the thought of yet one more mortgage is just depressing.
I’m already a proponent of living within your means, and not letting your desires outpace your cash flow. Using credit to finance your desires ends up being a heavy weight on your shoulders. I know this first hand, and have worked really hard to free myself of it. I don’t want to ever go back there. The interesting thing is that we forget to apply this same philosophy to the really big things, like cars and houses. It’s entirely possible to do, but requires some radical shifts in your thinking. I won’t go into all that here, but if it’s an interesting topic to you, maybe check out Rob Roy’s book.
In any event, I’m not that far into the book, but the following quote by Dolly Freed really resonated with me:
“Owning your own home free and clear— that’s the key to all the rest. Once you have your snug harbor, your safe base, all else comes easy. You can tell the rest of the world to go to hell if you want, once you own the roof over your head. I believe that some parents who are willing to give kids a college education would be doing the kid a better turn by giving him that money to buy a house instead. Once he realizes he doesn’t have to worry about his future— once he has security and leisure to think about it, instead of having his future rammed down his throat— he’ll make his own future.”
A little bit of a departure from conventional American thinking, but I think there’s something powerful here.
Okay, back to dreaming about what my new workshop will look like!