Growing Right

A true, haunting story excerpt from GHOST BUBBLE : The RIGHT WAY to start smart, and end strong A timeless formula, tested by every generation since money was invented, as shells, beads, and salt. start with a small, simple, very affordable, older fix it up. sell it for a small profit. repeat, stepping up in the next home’s stature. repeat …

Bubble Trouble

What Is a Bubble? A Bubble will occur whenever there’s a disproportionate, upside-down relationship between the purchase price of a thing, and the actual value of that thing. Upside-down? The value of the thing will never be as high as the price paid to buy it. Buy ‘low.’ Sell ‘high.’ One joins a bubble by betting that the current price …

401(k) is Off Limits for Home-building Self-Lending

Self-Lending becomes Self-Loathing. You’ll hate yourself later. First, remember this. The context of this entire 123HomeProcess.com project is about you ending up owning your own home, or owning your next one. Toward that goal almost everyone suffers a kind of slow burning, anxious panic, fearing that the part about “owning” may never happen. At the very least it can seem …

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Distracted Driving – Hidden Building Cost – No Recovery

SETTING – It’s a dark and stormy night. A lull in the storm offers a chance for a man (his real name is Husband) to leave the sprawling building, where his office is located; and from which he is the last to exit. In front of the sprawling building is a more sprawling parking lot, now empty except for his …

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Grown Children MUST BE On Their Own for Money They Owe

Home Building Timeline Grid M5 (gold star) It’s not that this happen often; it’s that it happens ALL the time. DS (not even close to his real name) came to me for the design of a new home. He had done everything right, concerning his personal finances and long-range expectations. His plan was to build a house small enough to …

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M-5 / Money : Borrowing, Managing, Repaying, Saving, and Spending

Playing with distractions is not taking action. You are the only one who controls your future, and the future of those you love and care for. Building or renovating a house requires money management skills beyond those needed to buy stuff at the mall. Foresight to set a goal, preparation to go after that goal, restraint to save the resources …