A
female
age
41-50,
anonymous
writes:I really feel stuck in a financial rut. I want to be able to own a house, be debt free, have a great salary and afford all the things I want...But I am slowly paying off a loan (should be paid off by March 2011), I have just had a career change so am working my way up the ladder, and I feel like I will never have enough to buy a place. I'm 27 and living at home, and feeling like a loser.
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reader, anonymous, writes (7 November 2010): This is verified as being by the original poster of the questionThank you all for that, it really helped make me feel better :) Sometimes I feel a bit alone in my situation, I don't really like talking about my debt or things like that because I feel ashamed I let myself get in that situation. It was all really down to going to uni, and coming out with a bit of debt, then taking on a low paid job in London with the plans to work up the ladder, but I really disliked the job I went into! I did a theory based course at uni, so really didn't get a good picture of what the actual working job would be like, and when you're 18 and going into a course, you don't really consider these things. I have recently had a complete career change and am working and training at the same time (pretty tough going!) but I am working up to becoming an accountant. I wanted a safe career in the current UK job climate, and also something that could have many different paths to take, if I choose not to go all the way to becoming an accountant. I also wanted a job with potential to earn a decent wage...So perhaps in 5 years my story will be very different :) For now, I just have to plod along, get rid of the debt, and focus on the positive things in my life...Thank you again for your answers :)
A
female
reader, dmartin89 +, writes (5 November 2010):
 My boyfriend bought his house when he was 21, he's now 34 and he regrets it.
The UK market for home-ownership is absolute crap. There is no point buying a house unless you can buy it outright. Its not an investment any more, it wont make you any money.
Trust me, you're better off not owning a house!!
As for the debt, if you're able to pay it off within the next 6 months like you said, that isn't really anything to worry about. My boyfriend is in £10,000 worth of debt because of damages to the house he owns which he had to pay for to make the house liveable.
There is no shame living with your parents in this economic state. Get out of debt then find a rent-share with a few other people.
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A
male
reader, anonymous, writes (5 November 2010): You need to look out across the home ownership landscape in the US and see what happens when people who do not have adequate money run out and buy houses they can not afford.
It sounds like you've convinced yourself that owning a home will be an outward symbol of success and validation. Be careful, home ownership is a good thing, but homes are no longer investments, but are liabilities. It takes a lot of money to maintain and it's a serious responsibility.
Your time will come, and odds are that you'll look back on your situation today, and wish for it!
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A
female
reader, tennisstar88  +, writes (5 November 2010):
 There's no shame in living at home with your parents!! You don't have to pay rent, living expenses, or buy groceries, you just pay the bills you have, get home cooked meals, and your laundry is done daily. It's a good way to save $ towards a down payment on a house, or to pay off your loans..until you get back on your feet it's perfectly acceptable. I know men who are in their 40s living jobless in their parent's basement because the economy hit them the hardest. So when you think you have it bad, there are people out there who have it much worse than you do.
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A
female
reader, Cross Gardener +, writes (5 November 2010):
I think you are maybe not able to see how much progress you have already made along your journey. You said your loan will be paid of in March 2011. That is only 5 months. That is quite an accomplishment. Right now it may seem like these financial desires seem a ways off. You are still quite young, and sounds like you can follow through on your responsibilities. You never know how things are going to work out. I think you need to congratulate yourself of the goals that you have accomplished so far. If you write daily about the things in your life you are grateful for (even though sometimes we forget how much we truly already have, ie. our sight, our limbs, a warm bed, food in our stomachs), it helps us stay focus, and keeps our attitudes towards appreciating all that we already have.
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A
male
reader, easycodetron  +, writes (5 November 2010):
don't be worried. the more positive you are ,the better the situation would be
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A
female
reader, Thoughtless +, writes (5 November 2010):
 don't worry stick out u'll eventually get thru :] good luck!
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A
male
reader, easycodetron +, writes (5 November 2010):
don't be worried,the more positive you are,the better the situation would be.
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A
female
reader, anonymous, writes (5 November 2010): You shouldn't feel like a loser at all...you're anything but! Just because you're in debt now and living at home for now, it doesn't make you a loser. Everyones life is different and not being out of the house by "the right time" is all off...there is no right time. You need to take life at your own pace & be happy that you're going in the right direction. It sounds like you'll be debt free before long...and as time goes by, you can save up the money and be able to put a down payment on a house before long. Just be happy that you're on your way...Don't be discouraged by where you "should" be.
Just keep going & be happy with your place. A lot of people would be happy to be in your position.
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A
female
reader, mizz.butterflies +, writes (5 November 2010):
 Move in with some friends of urs? U can all rent an apartment together. Talk to your friends about how it bothers you,they will probably wanna help.Or if someone you know lives on their own and you trust them a lot,suggest movin in with them.
are you working right now?
Don't stress. I often worry about becoming successful,especially the way the economy is...How can we not worry? But at the end,you gotta maintain a positive attitude,otherwise ur gonna drive urself crazy!
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