Be Wealthy & Smart How to Save Tens of Thousands of Dollars - Part 2
Learn how to save tens of thousands of dollars by not moving very often. Let me tell you a true story. When my late husband and I got married, we had to decide whether to keep his house and remodel extensively (get rid of the avocado colored bathroom, fluorescent lighting and vinyl floors, basically taking it down to the studs), or find a new house. We looked at new construction, but we liked his house's floor plan and "bones" better. It was also in a killer location and on a nice lot.
We agreed to keep the house and do a six-figure remodel. Part of what made the the decision easy was a back of the envelope calculation. Let me show you.
Adding up real estate commissions of about $30k, loan points $4k, moving costs $7k, prepping house for sale $5k, fixing up new home (curtains, towels, bedding, paint, light remodeling) $10k. Those were obvious expenses it would cost us to move to another home. Adding them up, they totaled $56k, which was 56% of our $100k remodel budget! In other words, over half of our remodel would be saved just by not moving! The takeaway for you? Moving costs a lot of money! The less frequently you move, the more money you will have. So buy a home you can live in for at least 10 years, preferably a lot more. You'll pay your mortgage off faster, accumulate more equity, and save thousands of dollars by not moving.
WEALTH HEIRESS TV
Please subscribe to my *new* Wealth Heiress TV YouTube channel (it's not just for women, it's for men too!), here.
THE HOLIDAY SIZZLE CONTEST IS ON NOW!
You have a great chance to win 25 prizes! It's easy to enter. Just leave a podcast or book review.
A podcast review = your name entered in the drawing 2 times.
A book purchased elsewhere and reviewed on Amazon = your name entered into the drawing 3 times.
A book review on Amazon purchased on Amazon (says "verified purchase" review), your name entered 5 times.
A podcast + book review (either "verified purchase" or not) = your name entered in the drawing 10 times.
Prizes are:
11 Wealthy Mindset Blueprint audios (value $197 ea.)
11 Wealth Heiress books, personalized by Linda.
3 winners will have a 1/2 hour wealth mentoring session with Linda (value $500).
Drawing will occur January 1, 2019 and will be announced on the podcast.
Leave a review on Amazon here.
Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!"
Available on Amazon.
International buyers (if you live outside of the US) get my book here.
WANT MORE FROM LINDA?
Check out her programs.
Join her on Instagram.
Listen to the full library of podcasts from the beginning.
Please subscribe, rate and review the show. I really appreciate it!
Sponsor: Audible - Get your first audiobook for FREE today. Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve. Visit Audible and get your first audiobook free!
Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn how to build wealth, make money, and have financial freedom. Introduction to principles of wealth building you won't hear about from your financial advisor. Learn how to get rich, the 6 Steps to Wealth, the Twin Pillars of Wealth Building™: Invest Like Billionaires™ and Create Your Luxury Brand™ Business.