How To Acquire Your First Home Easier


Stephanie Bates, Negosentro |

Live Beneath Your Means

It’s always wise to seek financial advice; especially if you’ve found yourself in a situation that doesn’t seem very profitable. The truth is, even small assets can be expanded if you’re wise enough and clever enough to live beneath your means. You’ll also need some level of patience, determination, and stamina.

You’ll need to live beneath your means—that means cutting out spending on all the unnecessary things like designer coffees, fast food, and all the other convenience items you spend money on daily. But if you can do that, if you can deny yourself for a short while, you’ll see exceptional results going forward.

Today’s Popular Single Lifestyle

If you’re a single individual, consider this: an apartment won’t be less than about $500 a month. That’s $6,000 a year, and you’re likely only going to see your deposit back if you’re properly fastidious.

Here’s a crazy lifestyle popular with millennials. They find a way to save a sum of money between about $2.5k and $6k, and buy an RV for $6k or less that’s in pretty good shape—drivable, not too expensive to fix; disposable, but usable. Why do they do this?

Well, consider: if you can get a year’s use out of such an RV, you’ve spent no more than you would on an apartment; and every year you can get out of it after the first puts at least $6k in your pocket, if you’re savvy enough to save. Millennials who have yet to settle down are saving in just this way.

Vehicle maintenance generally costs around $3k a year. So for the same price as the least expensive apartment you can buy, and a car, you can live location-independent and own the property.

Granted, you may have to do some urban camping and move the vehicle around, but if you had a gym membership before, you can use that for showers, and may even be able to save $2k or $3k annually over what you would have otherwise spent in an apartment or shared living situation. Do that for five years and you’ve got a down-payment on a house. Also, you can sell the RV for more than your deposit would be, should you get it back.


Residential Considerations

This technique can be effective if you’re properly strategic. You might mortgage a house and manage it with multiple roommates, cutting a thirty-year mortgage down to six years. When the mortgage is paid, you sell the property and turn that money into property you own outright; or something of the kind. This can be risky, but effective if done right.

An Unpopular Reality

There are many ways you can manage even meager finances to produce large results quickly, if you’re careful to establish a plan and see it through. But the sad truth of today is that a dearth of knowledge exists in this area.

Many don’t even have any understanding of how to manage their savings, even though there are vetted techniques; according to, you can: “…maximise your assets with a wealth-management program that works for you. If you have an established asset base—business, personal, investment, or otherwise—we can offer you the advice you need to grow and get the best return on these assets.”

Family Units And Their Overall Effectiveness

Family units tend to accrue more savings organically. If you’re part of a family unit, it’s likely there’s more income and more tight budgeting simultaneously taking place. In the long run, this can be one of the most successfully cost-effective living strategies. The nuclear family is a financially stable unit, provided it’s properly maintained. Additionally, there are tax breaks for children.

Another way to save as a family unit might be shunning your yearly expensive cruises for affordable holidays; like maybe a weekend or week long ski getaway. According to, you can find: “…excellent value Thredbo properties from 4-star rated 1-bedroom apartments through to luxury alpine chalets and townhouses…”

Because, finally, you can’t be all work and no play. There must be time for recreation, as this enervates you both physically and mentally. Without such time, you will become increasingly brittle in tangible and intangible ways—such as personality.

The takeaway here is that if you can learn to manage what resources you have, even very little can become very much. It will require ceasing to spend money on the frivolous, and making some sacrifices. But a little sacrifice now can make for a large benefit later.

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