Small Home, Big Investment

I have a secret to share about home ownership as an investment in real estate.

Its not about how much you pay and the return value on the sale that will make your investment smart.  You have no control over the changing markets.

Its about how fast you can buy yourself out from the bank's interest in your home.  This is what you can control.

Its about working toward owning outright.  No mortgage.  And don't move every 7 years.  Stay in that house, like its yours.  Because it is.

Be humble.  Be simple.  Be minimal.  

Smaller space to fill.  Smaller repair costs.  Smaller taxes.  Smaller payoff.  Smaller energy costs.  Smaller decorating costs.  Less cleaning.  Less organizing.  Less decluttering.  Less everything that you use every single day.  Less principal.  Less interest.  Fewest payments.  The savings are exponential when you reduce by even one extra room.

So don't buy property at your max qualifying amount.  Ever.  Don't ever max out your credit on buying a home. Ever.  Ever.  Ever.

Ever.