Heartland on FIRE

Blazing a Trail Towards Financial Independence

Blazing a Trail Towards Financial Independence

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Seeing the Opportunity in Adversity

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Photo by Johannes Plenio from Pexels

“When one door closes,another opens; but we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us.” – Alexander Graham Bell

When you are on the path to Financial Independence, Retire Early (FIRE) you need to be looking for every edge.  This way of thinking allows FIRE seekers to uncover opportunities for savings and growth in everyday activities.  Whether it be house or travel hacking, biking over driving, or making delicious home-cooked meals for pennies on the dollar, the FIRE lifestyle is centered around creative thinking for everyday issues.  Housing, transportation and food are predictable everyday facts of life.

However, one facet of everyday life is not so predictable:

Adversity

How can FIRE thinking take advantage of that?

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Own a Home but Looking to Move? How to Save for the Next Down Payment

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Not our house… but I can dream right?

A down payment for a house can be one of, if not, the largest single expenses in a person’s life.  It’s no wonder many choose to rent instead of purchase.  However, if you are like us here in the Heartland on FIRE household, you may be addicted to real estate and home ownership may be a very important goal for you.  We figure we have one or two more houses in us yet.  As with all goals, a well thought out and soundly executed plan is key to achieve your objective.  The problem is, there are several options to consider.  So let’s take a few minutes and run down some of them to see what may be the best option.

[Read more…] about Own a Home but Looking to Move? How to Save for the Next Down Payment