Sublime

Few can save significant portions of their earned income when 30 percent or more of their salary goes to their mortgage payment. These people will have large monthly upkeep expenses and a shorter financial runway thanks to their “lovely” homes. Don’t do this to yourself. Wait until you are well on your way or have arrived at early financial freedom

In the example above, your $220,000 house actually costs you over $750,000. And I’m not even including moving costs, the cost of new furniture, renovations, and the real estate fees when you sell the house—all of which will add up to tens of thousands of dollars.

“Paul—do you think we’ll have a hard time finding a nice place—when the time comes?” “No. I don’t think so. But look here. I think we ought to plan on a stove-heated flat. We could get one of those cheap.” “Oh, I wouldn’t like that. I’ve always lived in steam.” “I’ve always lived in stove—till a year ago. It’s just as warm. And about fifteen dollar

This couple could’ve bought a house with all those characteristics four years ago. But they didn’t. The real reason they pulled the trigger is that they realized life is short.

One inconvenience I sometimes experienced in so small a house, the difficulty of getting to a sufficient distance from my guest when we began to utter the big thoughts in big words.