Monday, November 2, 2009

The Duggars

Has anyone read this book? The Duggars: 20 and Counting!: Raising One of America's Largest Families--How They Do It I got it a little while ago and love it.

It goes through everything they did in the early days, the smart investments that set them up for later in life, as well as the investments that did not fare so well. One thing they do is never go into debt and that includes mortgages. I think this is a wonderful idea, although I do not think I have the patience to carry it through.

By sticking to their guns they managed to buy a property worth a million dollars for under $400,000 because that was how much they had.

It did make me think about how if we saved more and spent less, we would eventually have enough for a home, but also that the opportunities you have when you have cash is so much better.

In the book they also discuss the techniques they use for raising their children, recipes, how to be organised and more. But I liked the finances the best.

Paying cash for my first property in this challenge is something I would love to do.