I'm a Smart Money Squad contributor for GOBankingRates.com – “a personal finance resource designed to make learning about money and managing your finances more fun and less intimidating.” Here's my latest contribution, or see all of my Smart Money Squad Articles.
Many of my close friends own a home and have “smart” debt in the form of a mortgage. By the time we turn 40, this is fairly common. That wasn’t the case for me, though. When I turned 40, I didn’t own my own home. It will take me a few more years to join that club.
Now, I know what you’re thinking: “What a terrible situation to be in at 40 years old.” But I actually have no regrets about waiting until later in life to become a homeowner — and here’s why.