I was prudent with how I saved my money.
A lot of people told me to invest in the stock market, or to buy bonds, but I wanted to keep my assets liquid and easy to transfer around. Even though I could have afforded the down payment on a home in NE Florida years ago I kept renting, so I could keep saving my money. This was a long term plan, and required a lot of patience, however finally it paid off. I had enough money in the bank to pay currency for a house in Jacksonville. Let me tell you, buying real estate in Jax is so much easier when you can pay currency! With so much credit debt in this country, it’s truly strenuous for some people to secure the needed financing for real estate in Jax. There is a lot of purple tape, and while Jacksonville real estate brokers are experts with the paperwork, it does take a lot of time and effort. For this reason currency apartment buyers get preferential treatment, and sporadically they even get a discount on the sales price. Time is money, so paying currency for houses saves all the people time, and the real estate agent will sporadically pass the savings along to the buyer. I knew all of this ahead of time, which is why I spent so long renting before I finally made a currency apartment purchase in southwest Jacksonville. This was my perfect home, and I was able to negotiate with the Jax real estate brokerage to knock ten thousand dollars off the asking price.