Post to Facebook on 14/6/2018 at 6:05 PM
Commenting on “‘Great level of discipline’: How a teenager bought her first home at the age of 18”
https://www.domain.com.au/news/great-level-of-discipline-how-this-firsthome-buyer-bought-an-apartment-by-the-age-of-18-20180613-h11be7-439780/
I have been advising you, the readers, to work very hard and save, save and save. I know you can achieve your goal in buying your first home, or more in later years, if you are prepared to sacrifice some social activities and unnecessary expenses.
Like what the old adage says, "no pain no gain". If you have set your mind to achieve something, I doubt the so called pain is nothing more than just a little twitch, and in no time at all, you will realise it is all over, and your goal is within reach.
As a "poor" overseas student, I could not afford to save because whatever money earned in part time work after school / university hours went towards paying fees and rental of a room.
Only after graduation, things got better. I married young, and together with my wife, we managed to save enough for the deposit for a 3-bedroom brick veneer house. This is history.
It is important to learn the principal of compound interest. Deposit in an account earns an interest. This interest is added to the balance and the total in turn earns more interest the next period, if the interest rate remains the same or more. It is much better than putting money in a cookie jar or piggy bank.
Unlike now, information and knowledge were premium commodities many years ago. These days you can search for banks that offer higher interest to new depositors or term depositors. Why don't you invest some time to earn more money using your idle money in the bank?
https://www.domain.com.au/news/great-level-of-discipline-how-this-firsthome-buyer-bought-an-apartment-by-the-age-of-18-20180613-h11be7-439780/
Commenting on “‘Great level of discipline’: How a teenager bought her first home at the age of 18”
https://www.domain.com.au/news/great-level-of-discipline-how-this-firsthome-buyer-bought-an-apartment-by-the-age-of-18-20180613-h11be7-439780/
I have been advising you, the readers, to work very hard and save, save and save. I know you can achieve your goal in buying your first home, or more in later years, if you are prepared to sacrifice some social activities and unnecessary expenses.
Like what the old adage says, "no pain no gain". If you have set your mind to achieve something, I doubt the so called pain is nothing more than just a little twitch, and in no time at all, you will realise it is all over, and your goal is within reach.
As a "poor" overseas student, I could not afford to save because whatever money earned in part time work after school / university hours went towards paying fees and rental of a room.
Only after graduation, things got better. I married young, and together with my wife, we managed to save enough for the deposit for a 3-bedroom brick veneer house. This is history.
It is important to learn the principal of compound interest. Deposit in an account earns an interest. This interest is added to the balance and the total in turn earns more interest the next period, if the interest rate remains the same or more. It is much better than putting money in a cookie jar or piggy bank.
Unlike now, information and knowledge were premium commodities many years ago. These days you can search for banks that offer higher interest to new depositors or term depositors. Why don't you invest some time to earn more money using your idle money in the bank?
https://www.domain.com.au/news/great-level-of-discipline-how-this-firsthome-buyer-bought-an-apartment-by-the-age-of-18-20180613-h11be7-439780/
