A lot of people see financing as the only way to buy a home. However, there is another way that a lot of people do not think about… and this is the buy with cash option. A lot of people think that buying with cash is for rich people, or that it is not smart. After all, why save up the cash when you can just pay off a loan?

Well, if you want to live a debt free life, then saving up to buy a home with cash is the best thing that you can do. It might take awhile, but hey - what good things in life aren’t worth waiting for? If it is worth anything, it is worth waiting for.

To buy with cash, this is what you must do - live as cheaply as you possibly can for as long as you need to save up the money. This could mean live with your parents, rent a small place, or anything - but the point is that you need to put the majority of your housing money into savings instead of into your actual housing. After doing this for ten, fifteen, or even twenty years - you will most likely be ready to buy your first house.

Once you do, you can fix it up and resell it for a complete, 100% cash payoff. With this lump sum of money, you can buy into a bigger, nicer house. You can repeat this process as many times as necessary, until you get the house that you really want! You might have to wait 20 years to get into the house that you really want, but you will own it completely - and have no debt whatsoever! This is a very good feeling - to own your home completely. No bank, no interest, no payments - just your home.