• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Free From Broke

A Personal Finance Blog for Regular Folks

  • Home
  • Personal Finance
  • Debt
  • Saving
  • Investing
    • Best Online Brokerages
  • Taxes
  • Credit Scores

house payment

Financial Freedom Starts with a Low House Payment

Published or updated October 25, 2012 by Glen Craig

Is achieving financial freedom an important goal in your life?

If it is, don’t follow the conventional wisdom of buying the most expensive house you can afford.

Sure, by buying the biggest house you can afford you can grow into it, live in it longer and maybe even avoid a costly trade up in a few years.  Fair enough.

But when it comes to achieving financial freedom, buying the most expensive house you can afford is the exact opposite of what you want to do.

In fact it can be said that the more expensive your home is the less chance you have of ever attaining financial freedom.

Expensive homes and financial freedom are what you might call “mutually exclusive”—having one reduces your chance of getting the other.

How could that be?

A house determines general consumption patterns

[Read more…] about Financial Freedom Starts with a Low House Payment

Filed Under: Home Tagged With: Debt, house payment, Investing, Personal Finance, Saving

Primary Sidebar

A Little About Me

Glen CraigI'm Glen Craig - I used to live paycheck-to-paycheck, drowning in credit card debt. I turned that all around and now I build wealth rather than debt.

My goal is to make personal finance easy for you.

More ABOUT me.

Join our email list (FREE) and never miss an article!


Free From Broke as seen on

Follow Us

FacebookGoogleTwitterRSS



Follow @freefrombroke

Top Articles

  • Use Google Calendar To Pay Your Bills On Time
  • 9 Things to Do When You Retire
  • Side Hustle-Make Extra Money Cleaning Homes
  • Four Ways You Can Pay Off Your Home Mortgage Faster
  • Don’t Forget Your 401(k) When You Leave Your Job! Here’s What You Can Do With It
  • Your 4 Step Guide on How to Stop Living Paycheck to Paycheck
  • What Is A Mortgage Escrow Account?
  • This is Why Your House Isn’t Selling – Here’s How to Finally Get Your House Sold
  • 7 Ways to Get Rich Quick
  • What is Renter’s Insurance and Why You Need It
  • What Is a Probate Lawyer and When Would You Use One?

Recent Articles

  • Don't Let Your Goals Fizzle Out! - 5 Reasons Goals Fail, and What You Can Do To Make Yours Succeed
  • What Do You Think of New Year's Resolutions?
  • How to Spend Your Income Tax Refund - 25 Ideas
  • Where's My Tax Refund? How to Check the Status of Your Tax Refund
  • Your Guide to Setting SMART Goals For Your Finances and Life

Tools to Improve Your Finances

  • Online High Yield Savings
  • All About Online Checking Accounts – Why Pay More Fees Than You Have To
  • Personal Capital Review - A One Stop Financial Center
  • Online Brokerages That Won't Break Your Bank
  • Credit Karma Review - Get Your Credit Score and More
  • CD Rates
  • Savings Rates
  • Mortgage and Refinance Rates
TurboTax Review HR Block Review Shoeboxed Review

Follow Us On Pinterest!

Follow Free From Broke's board Most RePinned and Popular {Free From Broke} on Pinterest.

Footer

More

  • About
  • Archives
  • Contact Us
  • Get Our Newsletter

More Recent Articles

  • What is a Refund Anticipation Loan (RAL) and is it Worth It?
  • Paying Taxes with a Credit Card: Pros and Cons
  • 10 Tricks to Get Textbooks For Less Money (Because Tuition is Expensive Enough!)
  • Groupon American Apparel National Deal - Double Your Money, December 2015
  • 7 Ways Your Finances are Scarier Than Zombies

Disclaimer

Free From Broke is for general information or entertainment purposes only and does not constitute professional financial advice. Be smart and do your own research or contact an independent financial professional for advice regarding your specific situation.

In accordance with FTC guidelines, we state that we have a financial relationship with companies mentioned in this website. This may include receiving access to free products and services for product and service reviews and giveaways.

© 2007–2021 Free From Broke A Personal Finance Blog For Regular Folks – All rights reserved.

No content on this site may be reused in any fashion without written permission from FreeFromBroke.com | Privacy Policy | Sitemap

Copyright © 2021 · Metro Pro on Genesis Framework · WordPress · Log in