Woman, buy your own home!

Woman, buy your own home!

It is “natural” to want to buy a car as soon as you start working and that’s what most people do. If you can help it, buy yourself your starter home, even if it is a small flat, as soon as you start working. Here is why;

In your 20s

You are starting out and you don’t have too many responsibilities. If you buy a car before you buy that starter home, you might never afford to buy the starter home. Believe it or not, a few years down the line, you will want to upgrade that first car and buy a nicer car. And before you know it, you are trapped into buying smart cars and the possibility of ever buying a home becomes dimmer and dimmer

Late 20s to early 30s

At this stage, you are experiencing panic. Will I ever get hooked? You are now spending more money on feeling good and looking good and less and less money on investing for the future. Everyone else around you is shacking in with their boyfriend and hopefully hubby- to- be and you do the same. You want to maximize your chances of convincing him to marry you so you spend your money on not just yourself, but also furnishing the home you share together and his everybody, kids if he has, sisters-in-law to-be, mother-in-law to-be, the list is endless. Are you spending any money towards investing for your future? No! You are praying for a future with him and hope your investment in him will pay off. Right? I hope for your sake you are right

Mid to Late 30s

Now you are worried about your biological clock ticking. I must make a baby before I turn 40! Everyone tells you so. You forget you don’t even own a home. You convince yourself that once you have a baby, you will work extra hard to give them a good home. So off you go and you make little bambino and you are very happy. He / she is the apple of your eye. Now you feel you must really buy that home. It doesn’t matter how small, as long as you have a place you can call home for your little one. But, no one told you about all the doctors’ bills you have to pay. You are changing nannies faster than you change nappies. And oh, that car you drive – it’s beginning to smoke. You can’t afford to put your baby in it. What if she inhales all the fumes and falls sick. So maybe you should buy another car?! After all, it’s not a good car for a baby, you tell yourself. You forget about that home.


You have a smart car and no home. You are beginning to worry about school fees. You now finally get it, the best time to buy a home is as soon as you start working! All the cars you have owned are now skorokoros. If you bought a starter home in your 20s, it would have been worth over a million by now. Sad you cannot rewind the hands of time. The best time to buy a home is NOW. If you keep putting it off, you might never buy one & you lose out on making a nice profit too!


You better hurry before the banks refuse to grant you a home loan based on the fact that you don’t have enough time to pay it off. Remember banks give you 20 years to pay off a home.

Share this with the women you love, I just did.

Phumelele Ndumo
Phumelele Ndumo

Article written by Phumelele Ndumo; author of the book, 7 Secrets why the rich own their homes and founding MD of ThuthukaSA. Remember to visit our website for more money tips.

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