Needs vs. Wants

Things you want, you can get tomorrow - if you concentrate more on the things you need, today.

Let's take a look at some of the things we all need - as they do vary.

We need to eat right and take care of ourselves. Health needs change over time. So, we need food, and some of us may need medicine. Some of us may need to exercise more than others. As you age, your health needs become more expensive.

We need a place to live - whether we rent or own.

If you rent, you need to think about owning. If anyone tells you otherwise, he's full of shit. At a certain point, it should be right to buy. If you wait too long to buy, it will become more difficult. After awhile it becomes impossible. If you don't believe me, find a retiree who never owned his own house, and ask him.

As long as you rent, you're paying someone else's mortgage and/or property tax. If you have one goal in life, it should be to own your home. After a good education, it's the best investment you can possibly make. I've changed my mind about lots of things over the years, but I doubt anybody will ever convince me to change my mind about this.

Buy a house you can afford. There are lots of expenses involved in owning a home. Do some research. Renting should be a temporary solution that gets you on your feet, and eventually allows you to own the place you live in.