I saw this image posted on Instagram the other day and it has really resonated with me. As I think about future financial goals, I find myself dreaming about of all the things I could purchase. If I am financially savvy and put my mind to it, I could pay off my mortgage in 7-10 years, max out our retirement funds or fully fund my children’s college funds. Or I could do what I REALLY want do and buy a new house!
One of my constant mental struggles is our home which I often view as my biggest financial mistake. If I could change any past decision, I would be the purchasing of our current place of residence. I wish we had spent longer looking for a home. I wish we didn’t buy this house right before the housing market crashed. I wish we did not financed it 100% but instead saved to put some money down. We did none of these things: we brought the one of the only four we looked at and paid for it with a 30 year, interest-only for the first 5 years mortgage and a second home equity line of credit. Our loans were really horrible. (So bad that we actually received an unsolicited $600 settlement last year from a class action lawsuit against company that processed our loan!)
Part of me believes that we have outgrown what should have been our starter home. Moving really isn’t an option because we do not have enough equity in our home even after 10 years of living here. From real estate agents and costs to bring the house to market, it just doesn’t make financial sense. So where does that leave us? In the space of trying to be content with our small home. I want to be happy with our home, but the thought of living here for the rest of my life makes me sad. I struggle daily with knowing I should be happy that I have something that many people around the world dream of. I truly want to not want a new house, but I am not there yet. How do I get there?