Not having good credit means years or decades of giving your money to landlords with nothing to show for it. Before you know it, you'll find yourself 35 years old with nothing to your name that you can't fit in your 1994 Buick Regal. And, if you start buying a home on a 30 year mortgage at that late an age, you'll be out of a job and retired before it's paid off. You may not even have a chance to sign it over to your kids before the government confiscates it to pay for your rent at the old folks home.
Best strategy, buy an affordable home below market value when you are 18 years old. Maintain your credit so you can sell your home for a profit and buy a new one every 5 years.
No comments:
Post a Comment