Hello! Today, I have a great guest post from Mama Bear Finance. She bought a house at 25, and just 8 years later, it is now fully paid off. She will share with you a story of why she bought a house at age 25 and what steps she took to get there. Her story recounts the sentiments during the previous financial crisis also known as the Great Recession. As the stock market changes in recent news, hopefully this experience could provide insights during times of financial unrest and inspiration to stay the course with your financial goals despite uncertainty.
Buying a house is by far the largest purchase for most people regardless of age. But when you buy one at the tender age of 25, it really raises some eyebrows.
“You must be rich or came from a rich family,” one might assume.
“Either that or you robbed a bank,” one might even joke.
Nope and nope.
While this became one of my major personal milestones, the beginning of homeownership gave me unspeakable anxiety.
You see, it was back in 2011 when the mortgage crisis was at full speed. [Read more…]