Owning a House in Your 20s May Be Impressive, But You May Want to Do These Things First
Whenever we watch TV shows that focus on the lives of people in their 20s up to their early 30s, we always see them goofing around, partying or plotting ways to win the person of their dreams.
However, in real life, those within this age bracket find themselves stressed out, working hard, and striving to make ends meet, to pay their student debt, and to save up for a home someday. But don’t rush things because you may regret it in the future. Here’s why…
Average Age of First-Time Homeowners
But, what are the factors hindering the young adults of today to buy a home? Our parents did it, and their parents too, what differs now is that the average of first-time homeowners is at 33.
No boomers, it’s not the pricey avocados they put on their toasts, or the sustainable bamboo toothbrush they bought in bulk. It’s the rising prices of commodities, add to that student debt that eats a big chunk of their salary.
If you are at your 20s and the pressure of having a home someday creeps up on you (especially now, when you frequently see your aunts and uncles asking you when are you going to start a family or buy a house), don’t fret because you are not alone. Instead of worrying about it, you must use your time to focus on your growth as a person and your career.
Appreciate Your Independence
It’s best to keep your phase especially now that you are still young and unattached. If you think about it, at this age, it’s mostly just all about you. You are now independent of your parents’ rules and are earning money for yourself. You need to savor this moment because once you are already tied up and have a family, the only me time that you can get is maybe when you are showering.
Since you are independent and you control your time, this is also the best time to not throw away your shot. With no one to wait for you at home, you can spend most of your time working hard and getting those coins for your first home or your retirement.
When you already have your own family, of course, you want to spend your time with them and watch your kids grow. At that time, doing overtime may seem pointless if you don’t get to tuck your little baby to sleep.
Having no strings attached at your 20s, it is the best time to take risks and make mistakes. No, this doesn’t mean that you should just party and not worry about your future. But, this is the right moment to take a chance in life. If it fails, you still have years ahead of you to learn from it and fix it.
Of course, you must not do this blindly and impulsively, but you should think about the consequences that will happen once you’ve chosen a path — whether it is a career change, a business or an investment, such as a house.
More in Legal Advice
Billionaire & Luxury Car Collector Lawrence Stroll Is On An Auto Takeover As He Eyes A Large Stake Of This Iconic Car Brand
Although Canadian businessman made his billion-dollar fortune investing in the fashion industry, it looks like his real passion lies in cars....December 24, 2019
Tesla CEO Elon Musk Is Setting Out To Be The Real Estate King of Bel-Air– Check Out His Jaw-Dropping House Collection In The Ritzy Neighborhood
Billionaire Elon Musk is perhaps one of the most vocal businessmen around. In fact, some of his Twitter statements have actually...December 23, 2019
Chipotle CEO Brian Niccol Has Been Dreaming of Adding This Tasty Item on The Menu & It Might Finally Be Happening Soon
Being the CEO of a giant company is no easy job. One needs the ability to be able to make major...December 20, 2019
Knowing How Much These Record-Breaking Mansions Were Sold For Will Make Your Jaw Drop
According to sources, the average American home costs around $250,000. While this amount may be high to some, it’s but a...December 19, 2019
These Are The Important Things People in Their 20s Should Really Know About Work & Life Before They Settle Down
While people see their 30s as a time to settle down, get a serious job and start a family, the young...December 18, 2019
Take a Look at Barack and Michelle Obama’s New Property in Martha’s Vineyard
It has been almost three years since the Obamas left the White House. Since then, their home is still in Washington,...December 13, 2019
You Won’t Believe What Millennial Homeowners are SO Worried About after Finally Buying a House
After leaving school, one of the immediate goals is to buy a house — this is the American dream, after all....December 12, 2019
The Rule of Shopping Around: Here’s the Secret Tip That Can Land You the Best Mortgage Deal!
Buying a house is far from being easy-peasy. However, if you do have enough money to shower on any property, then...December 11, 2019
You’ll Never Believe How Much Jeffree Star Spent for This Hidden Hills Mansion
If you are a makeup junkie or you just spend most of your time watching YouTube videos, then you may have...December 10, 2019