“Saving for a down payment or cash purchase of a home should occur after becoming debt-free in Step Two and after finishing the emergency fund in Step Three. That makes saving for a down payment Baby Step Three (b). You should save for the home if you have the itch before moving on to the next step. Many people are worried about getting a home, but please let it be a blessing rather than a curse. It will be a curse if you buy something while you are still broke. There are all sorts of folks who are eager to “work with you” so you can make it happen sooner, but the definition of “Creative Financing” is “Too Broke to Buy a House.”
― The Total Money Makeover: A Proven Plan for Financial Fitness
― The Total Money Makeover: A Proven Plan for Financial Fitness
“That stupid saying "What you don't know can't hurt you" is ridiculous. What you don't know can kill you. If you don't know that tractor trailer trucks hurt when hitting you, then you can play in the middle of the interstate with no fear - but that doesn't mean you won't get killed.”
― Financial Peace Revisited: New Chapters on Marriage, Singles, Kids and Families
― Financial Peace Revisited: New Chapters on Marriage, Singles, Kids and Families
“A good man leaves an inheritance to his children’s children” (Prov. 13:22 NKJV). I”
― The Total Money Makeover: A Proven Plan for Financial Fitness
― The Total Money Makeover: A Proven Plan for Financial Fitness
“Change is painful. Few people have the courage to seek out change. Most people won’t change until the pain of where they are exceeds the pain of change.”
― The Total Money Makeover: A Proven Plan for Financial Fitness
― The Total Money Makeover: A Proven Plan for Financial Fitness
ABBAS’s 2024 Year in Books
Take a look at ABBAS’s Year in Books, including some fun facts about their reading.
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