The best question is how to earn money as young person….
If you want to buy a house at 19, you need to start your online business as a high school boy or girl. At age 18, you can open your LLC business in advertising, gaming industry, youtube industry – where teenagers usually are the best.
Yes, am 45 now and I bought my first ever house when I was 20 years old. Today I will be sharing how I bought my house and why I buy this? I will also tell you, people, that it is not a crime to buy a house at such a young age and obviously not an impossible thing as well. If you are willing for something you can do it eventually. If you hesitate or are confuse with your dreams your energy will not support you to achieve it. This is what actually happened to me.
I was desperate to have my own space since I was only 13, of course in that age I did not have the idea to buy my own space even to buy a whole house but there was something in me which encouraged me and maybe that is why I was never afraid of taking this huge step.
Luckily, soon after I graduate from my college I was in my 19s. I started a job, not a job but a job. I was eager to work more and more to earn more and more. I was enthusiastic and sure at this age you are more energetic that made you capable of taking risks. But not everything comes so smoothly and become yours surely you have to pay some amount and make some sacrifices in order to get your dream thing.
I was taking this very light but it was damn too difficult to turn this dream into a reality, and actually live in your own house. Since I made this decision to save some good amount and buy my own house. Everyone around me like my family and friends even coworkers discouraged me. Saying that it is insane to buy a house at this age like you cannot take care of it, it will be a hard-on you step, don’t waste money and time on this. You should get married for having your own house.
Like blah blah….. There was one to encourage me. Indeed it was a big step but I was totally devoted to buying one. So to buy a house there are different methods for each country. You need to discuss with your legal advisor first in your country I recommend.
Profits or benefits in buying your own house
I think there are only profits and profits in buying your own house. I recommend to all young students if they want to have their own house and they are even willing to buy it then don’t hesitate and don’t listen to anyone who stops you.
There is nothing wrong with buying your own house. You can stay with your parents in your own house and rent out the one your parents were living in. or you can live in your own house and invite your parents occasionally to spend the vacations with you.
Your life will be having complete privacy and the safer side when you will have your own house at least you have the space to live in and you can earn and make money for food and education. That won’t be a big deal actually.
Once you know how to deal with the house purchasing and living-in matters you will easily deal with other house related matters too because it is about the responsibility.
Now, you know what the profits there are when you have your own house. Even in an emergency, you can sell your house to gain money and go to live with your parents.
Losses and sacrifices
For achieving something bigger you need to make some sacrifices. I was in this situation that totally broke when I invested my whole savings and earning and my money got stuck or you can say it was delayed. Well, I was not mentally prepared for it and was not expecting this too. As everyone was against this decision so I naturally did not want to go to them and ask for help.
After a week my payment was transferred automatically and in a day or two, I got the profit from where I have invested my money. So in that time period, I was mentally upset and totally broke with no hope left and you can say that I became helpless.
Fortunately, that duration lasts for a few days but I got the lesson to have some backup money or backup plan before going to buy a house. Indeed you need a lot of money to buy a house. But it does not mean that after buying a house you would remain with nothing to eat for a whole week.
Perfect timing and back up plan
So, all it needs is the perfect timing and a perfect chance to take. If you have decided to buy your own house then try to note down all the possible actions you can take and plan the things according to it. Then work according to the plan, of course, there are some exceptions too, but more or less you will have the backup plan to cover up the things.
Learn before that how to manage things
Managing things are different for different people. How I manage is quite like this. After the decision I made I wanted to earn as fast as possible so that I can buy real soon. There is a tip for you to never rush to buy a house. Like take some time and see multiple options ask around for the details and so. Then make the final say. It is the one-time decision for at least a whole year and if you are young like I was when I bought my own house. Then it will be really difficult to change the house the next day.
I did the same and now I am still in that house which I bought in my 19s and now I am living with my kids in this beautiful house that I am in love with.