New to the Live Richer Challenge: Homebuying Edition? Learn more about it HERE.
Need to catch up? Click on the link where you left off and then come back!
Day 1: Homebuying Goals
Day 2: Purchasing Methods
Day 3: Your Capacity
Day 4: Qualifying Income
Day 5: Debt-to-Income
This Week’s Goal: To learn homebuying basics including the various methods of purchasing a home and, if you choose a mortgage, how lenders review your income to determine how much you can afford.
Day 6: Review, Reflect, Relax
Today’s Easy Financial Task: Review, Reflect, Relax
How to rock this task:
- Review this week’s Live Richer Challenge: Homebuying Edition tasks
- Reflect on what we’ve learned this week.
- Relax. In two days we start Week 2: Home Loan Requirements
Round of applause!
You’ve completed the first week of the Live Richer Challenge: Homebuying Edition.
Woo hoo! Take this day to review, reflect, and relax.
Tomorrow, you and I will chat via a Google Hangout. I’ll check-in with you, teach a live lesson and take your questions. If you’re watching live, set your calendar for 9pm EST.
If you’re not watching live, there will be a recording of our chat available tomorrow as well. I’ll send you more details about how to participate in our weekly Challenge Hangout in tomorrow’s task email.
Oh, and by the way…
Get ready to get even more excited. Guess what? I have a surprise for you. 😀
Since you have a little bit of extra time today, I thought I’d invite you to join me in a FREE web class.
Although I sent you an invitation earlier, you may not have taken it...
TODAY is the day. This class is the perfect complement to help you build your savings to purchase your home!
Web Class: How I (an ex-preschool teacher) Paid for My Home in Cash by Budgeting
What you can expect:
- Find out why budgeting is soooo CRITICAL during the homebuying process
- Find out how budgeting will be the FOUNDATION for your homebuying financial win checklist: savings for down payment, improved credit score with reduced utilization, and much more!
- Learn how to put yourself in the best financial POSITION for future opportunities to purchase property using alternative financing options (like CASH)!
Don’t worry, I’ll make it fun and easy to understand! 🙂
I’ve used these very methods to pay for my home in cash, travel the world, and achieve financial freedom!
Meet me online...TODAY!!!
Yes! I just completed Week 1, Homebuying Knowledge of the #LiveRicherChallenge Click To Tweet
Share what you’ve learned thus far and how you feel about the process with me in the comments below.
Today is also a great day to check in on your accountability partner.
Do they need help with a task? Do they need some encouragement? Do you both need to catch-up on past tasks? Each task day is at the top of this post.
I’d love to hear from you. You can reach out to me here:
Facebook: The Budgetnista
Forum: Dream Catchers
Want the LIVE RICHER Challenge: Homebuying Edition in book form? You can find it here: LIVE RICHER Challenge: Homebuying Edition.
P.S. If you haven't already... Get your Challenge Freebies from our Live Richer Challenge: Homebuying Edition coauthor, Netiva Heard.
P.P.S. Have you saved, printed & posted the LRC: Homebuying Edition Calendar yet? It makes for an awesome checklist. Click on the picture, save & print it today.
P.P.P.S. Don’t forget to get your free Live Richer Challenge: Homebuying Edition Starter Kit. Download it HERE.