“After 10 years of working to accumulate, I have earned House First of all, that’s the motivation for me to continue to achieve my goals in the future.” – Khanh Nguyen (HCMC) shares his journey to achieve his dream of his first house at the age of 30.
Khanh’s first house was bought at Bontanica Premier Tan Binh apartment building, with an area of 69m2. The design of the house is in the style of a combination of industrial and modern, with 4 main tones of orange, gray, white and black, creating a feeling of both cozy and modern:
Khanh’s first house
It is known that Khanh is currently working as a marketing and communication manager for a chain of young restaurants such as God Mother, Amdang Typhoon, Octo Tapas,… More specifically, he has just appeared in the show People Who Is It.
At the age of 30, in addition to finance, Khanh pursues a fairly healthy lifestyle with many relaxing activities. Therefore, he feels he must have a comfortable house, not oppressive like the feeling of being in a rented house.
Because of that, right from the start, Khanh has planned to own a house of his own, and considers it a motivation to strive for many years. Let’s listen to Khanh Nguyen’s home-buying journey!
Since when did Khanh start to cherish the plan to buy a house?
I myself am a well plan person, that is, everything needs to have a specific and really good plan. Therefore, from the moment I received the first offer in my life, I aimed straight at the goal of buying a house.
Can you share more about your 10-year home-buying journey?
In fact, for many people, buying a home at age 30 isn’t something to brag about. But for myself, I worked really hard to achieve this. 10 years is quite a long journey, there are also many changes in life, causing many things to go off course. But what I can do then is be even more strict with myself.
My first house, in addition to the money I accumulated myself, also had the help of my parents. I don’t put down money to buy the house outright, because I still need money to pay for other needs. So, I decided to borrow 40% from a bank, with an interest rate of about 7%/year, and pay it off within 5-10 years, depending on the financial conditions at that time. To come to this decision, I also had to weigh and measure a lot, because my finances are limited, not so rich that I can buy a house in Ho Chi Minh City outright. Ho Chi Minh City is like that.
How do you manage your personal finances to strike a balance between saving money to buy a house, then paying off your bank loans, while still being able to serve your own needs?
My finances are at a fairly stable level, but I am not too rich to spend such a large amount of money. So everything needs to be put into a specific financial problem.
The first is about the source of income, I always try my best to achieve the desired income, this is an important goal for me to strive for every year. From an ordinary employee, after 10 years, I became a communications manager, which is a step in my plan to increase my savings. When the salary was 10 million, I saved ½ of the pig, until 20 million, I still follow that ratio, and maintain it until now.
Next is the expense. I divide it into 4 clear main headings: Money for parents, money for basic living needs, credit card payments, and savings. The number will change depending on your income from time to time.
I am a monthly salary earner, do not participate in venture investments, so if these funds are not properly spent, they will be gone by the end of the month, let alone buying a house. I train myself to be disciplined with the spending items that I set in advance.
I am a person who loves to cook, so I rarely choose to eat out. When I am no longer with my family, I still cook rice at least once a day, and cook rice at least 6 days a week. I’ve been working for 10 years and almost every day I bring home food to work, it’s this little thing that also saves me a decent amount of money, my health also improves, because home-made food is always available. delicious and clean.
In the money to pay for life needs, I don’t spend any money to entertain myself with fun at bars or clubs, because I simply don’t have that hobby. Shopping is also limited to me, only buying when absolutely necessary. This not only helps to make life lighter and simpler, but also saves me unnecessary expenses.
From his own experience, Khanh found that young people who have a dream of buying a house but their current financial capacity do not allow it, should buy a house on installments or not?
For myself alone, buying a house with monthly installments makes me even more motivated to go to work every day. But the first prerequisite, that is, your financial ability must match the needs that you desire. I buy a house on installments when my income and expenses are enough to meet the debt payment, as well as still meet the needs that I need.
And what I have accumulated during my journey is “If you have a dream, follow it to the end.. The same is true of buying your first home. But above all, make a personal financial plan for yourself that is sure and reasonable, thereby turning the dream of buying a home into reality as soon as possible.
Thank you Nguyen Khanh for sharing!
at Blogtuan.info – Source: Soha.vn – Read the original article here
