One thing that my Grandpa ingrained in my dad was that you should never go into debt for anything except a house. From the beginning of my parents’ marriage, they followed this principle. And then they took it one step further. When I was around six years old, my parents decided to do something radical and work hard to pay off their house. They then saved up everything they could. When I was ten years old, we sold that house and bought land out in the country. My dad bought an old single-wide trailer for a few thousand dollars and moved it to the land. The trailer didn’t have an oven, didn’t have heat or air conditioning, leaked crazily every time it rained, had a bad mice problem, and was in fairly disgusting shape when we got it. But after days of elbow grease, we got it in livable shape, moved most of our possessions into a storage unit, and moved the basic necessities into that trailer. We spent seven months in that trailer while we were building our house. I could write a book of stories from that experience. But most all of the memories are very happy memories and I wouldn’t trade the experience for the world. At the end of seven months, our new house was finished enough that we could move into it. And it was a huge celebration to make it to that day… and for my parents to have realized their dream of building a house debt-free. Let me tell you: Grandpas encouragement to my dad to never go into debt except for a house and then seeing my parents take that advice and go even further with it, well, that has a profound effect on you as a child. Especially when you then see your parents go on and be in position to be able to give generously because they worked so hard to no longer have a house payment. Truly, my husband and I owe so much to our parents and grandparents. I know beyond any shadow of a doubt that we would never be in the position we are in financially nor would we have paid cash for our first house were it not for my grandparents influence and examples. And we are eternally grateful. Read the full post about 6 Things My Grandpas Taught Me About Financial Success --> bit.ly/1sabKzS
Posted on: Sat, 16 Aug 2014 21:41:12 +0000
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