Life is good.
While my style in beads has changed dramatically again I feel that I’m back on track once again. While these dot beads are far from simple, there is something about the fact that they’re ‘just dots’ that I need to get over. Already though, in my normal fashion I’m being called to push it…not all funky Lori-like but adding elements slowly until before you know it, it’s something new and different.
I’m also feeling very fortunate after listening to a radio program about the housing (yes, I just typed hosing) market and mortgage business. In some regards we live beyond our means but in other ways we live below our means. Being self-employed, both my husband and I don’t have to dress up for people very often, although that has changed somewhat for him as he is spending more time at customer sites. All that to say, we don’t shop for clothes on a regular basis and that’s ok by us. Money saved there. We also don’t overdo it with decorating our house with new furniture, rationalizing that the kids are still in the turn-your-back-and-I’ll-ruin-it stage of life.
Anyway, this program talked about the slowing of the housing boom (which hits close to home here in Arizona) and how people are either over-extended due to interest-only type loans or inflated income reporting and inflated appraisals, etc. The bottom line is that they were told they could handle more debt than they really could and now they’re in tough situations. I’m watching this kind of thing happen all around me here. People who jumped on the bandwagon to buy second homes for an investment or bought bigger homes for the same reason with low interest loans that run out and now they either can’t afford them or can’t sell them for what they need to.
For the last few years my husband has wanted to invest in property or a second home to rent out and I wouldn’t have it. Everyone wad doing it and I was a stick in themud. My reasoning being that I didn’t want to deal with renters and didn’t have time or money to fix things that go wrong because people don’t care about rental properties. I often wondered if I was just being an old-fashioned-earn-my-money-the-hard-way (work for it) kind of person and not seeing the progressive way of doing things. And I wondered if I was holding us back from a great investment opportunity. Today I’m really glad that I didn’t do what all of our friends were doing. I’m glad we stayed put and built onto our existing home rather than moving to a new, huge, over-priced home just because we could have.
Two thumbs up to living below your means and it paying off. My dad would be proud.