I was reading the latest Millionaires in the Making and wanted to point out a smart money move that they made that most people would never consider:
"Most people move into a bigger house when they have kids. Not the Lees. To both give their two children a good education and continue saving for retirement, 13 years ago the Lee's downsized from a new 3,200 square foot, 5-bedroom colonial to a 30-year-old, 2,200 square foot four bedroom home...
The smaller house was in a better school district and thus avoided the need to send the kids to expensive private schools. Instead they plowed that money into their 401(k)s..."
With everyone always thinking "more and bigger" it goes to show how doing something a bit different can have a huge impact on your finances.
Smart Financial Move
February 2nd, 2006 at 05:45 am
February 2nd, 2006 at 06:21 am 1138861285
I just "upsized" into 1800sqft and I feel like I'm living in a mansion. I feel like I must walk miles every day just to put things away. And forget talking to each other - if I'm in the bedroom, he can't hear me.
February 2nd, 2006 at 06:53 am 1138863224
February 2nd, 2006 at 02:36 pm 1138890974
February 2nd, 2006 at 11:45 pm 1138923941
February 3rd, 2006 at 01:59 am 1138931954