How to Beat Inflation (and buy a home)

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Today I'm going to share a tactic some people are using to beat inflation.

It may help you:

• Reduce expenses.

• Save more money.

• Buy a home faster.

Unfortunately, inflation has been a problem.

Everything Costs More

Since 2020, prices have increased big time:

• Insurance

• A home

• A car

Higher prices have made life more difficult.

How do you cope?

Some people are working this plan to get ahead:

If you have a high salary and work remote, this plan may be ideal.

If not, it may be worth pursuing.

I've come across several people who used this strategy to buy a home.

Here's how two of them did it:

Ian the Banker

Years ago Ian got a job at a local bank branch.

Over time he got promoted and increased his pay.

He spent most of his day working remotely from home.

Eventually, he decided to buy his first house.

He got pre-approved for a loan and began looking at property.

A few months passed and Ian realized what he wanted and what he could afford were very different.

He wanted a home but only a small condo fit his budget in the city.

Annoyed with his lack of options he asked his employer if working remote out of town was ok.

They agreed.

He found the perfect home in a rural area 45 minutes away.

He was able to buy exactly what he wanted plus he was still close to family.

The home was 30% less expensive than buying in the big city.

Chase the Paralegal

Years ago Chase got a job as an entry-level paralegal.

He got promoted a few times over the years.

Most of his day was spent in the office and part of it working from home.

He also lived in the city.

Chase wanted more space for himself and his two dogs.

He decided to buy a house.

After getting pre-approved for a loan, Chase realized what he wanted was too expensive in the city.

He asked his employer if working from home 100% of the time was possible.

They agreed.

He found a home 35% less expensive 40 minutes outside the city.

Conclusion

Moving to a lower cost area allowed both Ian and Chase to lower their expenses and buy a home.

A high paying remote job makes this much easier.

Sometimes you're hired into a remote job.

Other times an employer allows you to work remote after proving you're valuable to the company.

​Just Remote​ and ​Working Nomads​ are helpful sites if seeking a remote job.

If you need a degree to get the job you want, try this:

​Get a Free College Degree​ 

That's all for today.

See you next week.