Quote:
Originally Posted by cfusionpm
That's weird. I make less than 30K a year, yet I own my own condo, have an FRS, and plenty still left in savings. There are plenty of ways to make money and plenty of smart ways to spend it. I lived at home till 27, which let me save up about 32k for my condo down payment by putting the money I would have been spending on rent into a savings account. Additionally, I bought my place at rock bottom price and excellent mortgage rate back in October 2012. Then after getting the insurance check from my last car, I put that plus my entire tax return down on the FRS. All of this means that my mortgage and car payments COMBINED are around $875/mo. I also live with two roommates in my place until my girlfriend moves in at the end of summer (at which point they will leave), so my mortgage/HOA/utilities are all split 2 or 3 ways.
There is no magic trick to making or having money. It's about being smart with when and how you spend it.
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Pretty much the same deal here but with higher numbers for me. I lived at home until I was 22 and saved up, then put 20% down on a townhome. I get 50% of my mortgage payment every month back from renting my spare room. My mortgage and car payment alone cost me $1500 a month sadly.