Each member can print this out and have it available to follow and take notes.
There is a tremendous sense of pride that comes with owning your own home-and terrific financial advantages as well. You can take an income tax deduction for the mortgage interest and property taxes, your house may appreciate in value, and when you sell your home you probably won’t be required to pay any taxes on the gain. But buying a house in a poor market or spending more than you can afford are mistakes that can seriously derail your financial plan. Here’s how to make the best house-buying decision possible.
|What would your perfect house be like? How would living in that house make you feel?|
|Things to Talk About|
|Buying a house can be an exhilarating experience, but it’s also normal to have “buyer’s remorse”- especially among first-time homeowners. You may find yourself suddenly short-tempered, anxious or depressed, or thinking of backing out for silly reasons. If you suffer any of these symptoms, grit your teeth and ride it out. Adjusting to the idea of owning a house takes time, but if you did your homework in advance, you can rest assured you made the right decision.Pick the question your Club finds most interesting. If there’s still time, pick another one — or make up your own!
|Catch Yourself Doing Something Right|
|Share your success with your fellow Club members:
|What Will You Do Today?|
|Choose one Small Step to do before next meeting, and pledge to the group to do it. To select that 15-minute exercise, ask yourself these questions:
Don’t drive yourself crazy. Remember, you can do anything for 15 minutes! For example:
You get the picture. This is like Goldilocks. Don’t try to do too much. Don’t try to do too little. Do it just right.
|Money Attraction Affirmations|
|Choose one affirmation to motivate you to achieve your goals, something like:
|The Money Zone for Next Meeting|
|Cast your vote: Does your Money Club want to stay in this Money Zone, or do you want to move on to the next Money Zone?If your group decides to Stay in the Zone then, future Money Star, check out these fun articles so you can discuss them at your next meeting. Even if your group decides to move to the next Zone, you still can explore these on your own.
A Home Buying Primer
Should You Buy a Duplex?
Are You Considering a Condo?
|Just For You|
|Before the next Money Club meeting, do the Just for You Exercise calledFinding Your Dream Home.Don’t skip a meeting if you don’t get this done. Half of life is showing up, Money Clubs included. You can tell the group you didn’t get it done, and they will encourage you (not bug you) to make a date to do it soon.
Discussion questions for your club meeting: