🤠 How to Take Advantage of Your Unexpected Win and Avoid Losing Out!

Day 20:   When You Win, Protect Your Win!

by Edward Smith

25 Jul 2020 

Don't Risk Your Winnings, Know When To Cash Out

In my last article entitled:   🤠    What To Do When Your Risky Idea Blossoms Into Something Beautiful and Unexpected,   I talked about how selling our house gave us back our equity and led to an unexpected win.

Things were just getting started.

The house inflation situation was still out of control, and it was getting worse.   The house we bought for $535,000 five years ago, had now sky rocketed to $690,000.    Crazy people were on the move again!   This meant we were able to sell the house for a profit of $155,000.  No strings attached. 

Since we were getting our house's $100,000 equity back from the sale, this meant, we were walking into our new location with $250,000 and the houses in the new area were going for as low as $350,000.   Instead of barely owning a house, we were thinking we could be the person who almost had a paid for house.   A major shift in our story.      

It got better again.   

Our Investment Side Hustle Came Through

We also had $100,000 invested in the stock market outside of retirement that we were hiding for a rainy day.   

When we first did it, it was a long shot, but we had this idea at the time since we had so many years left to go on our California house, this investment could grow bigger and bigger with compound interest and become sizable.   Then one day it would get so big, that it would pay off the balance of our house.  We liked this idea more then just throwing it at the mortgage because it gave us a backup plan to get out with some cash, if things didn't work out with the house.

Now that we didn't need to do that anymore, we were able to free up this money and use it as it should have been used to pay down the new house.  It was like we found additional new money that had been off limits before.

When we arrived in our new town, and began looking for homes, we walked in with $350,000 cash.    

None of this was expected, but all of it was super amazing.   Delayed gratification can be painful at first, but if you stick with it, it can take care of you later on.

Want to know what happened when once we moved to our new place?   

Click This Link and Find Out!