1 Million Dollars in 365 days…

The Story So Far…

This weekend is going to be flat out - we’re moving into our first home! While this is very exciting, it’s also astounding as to what we’ve actually achieved in such a short amount of time.

One of my Grand Dream Goals was to buy a new house for my family and I to live in. I wanted a new home in a safe area, in an excellent school zone and a house where we could entertain friends and family. Oh, and I also wanted it to be a great investment. I even went as far as deciding that I wanted to make $80,000 profit on this property!

My goal was to purchase a house that would fit the above description on or before the 17/09/2009. I wrote up this goal and placed it on my dream-board. We were always on the look out for properties of interest in our local area with the hope to make one of these homes our next home.

I thought I was well on track with my goal, taking lots of action in searching and finding suitable properties, driving around and looking at open homes to get a feel for the market. I kept an eye on the finance markets and other developments that I thought could affect the housing market.

As I mentioned in my previous post, I made a massive commitment to achieve this goal within a single month! The pressure was on - I was excited, but also lost as to how I was going to achieve this.

How to buy a house in 30 days:

Ok, so maybe it took me just under 60 days before we actually moved in, but we had the contract signed in 28 days! Some people might think that it was a strange and lucky series of coincidences that helped us get into our first house - I think it was faith. Faith that what’s meant to happen will happen.

1. Believe. Somehow, somewhere, deep inside of you, you have to know that this is going to happen. From the moment I made the decision, I knew that it was going to work out. I didn’t know how, but I had no doubt in my mind. It was the same feeling I had when I said that I was going to make a Million dollars in 365 days!
2. Prepare yourself. You know that this is going to take some extra work & commitment to achieve and if you know what to expect, then you’re more prepared to take action. How badly do you want this? You need to decide that you are willing to do everything that you can to achieve this goal.
3. Live like you’ve already achieved it. From the moment I made the decision, I came home and told my wife, I rung my parents and told them. I told everyone I knew, work mates, that we were going to buy a house. Then, every time we moved forward another step, I told everyone all over again. “We’ve found this house, we’re going to put in an offer”. This continued the whole way through the process -telling everyone when we put an offer in, when the offer was accepted, I started telling everyone that we had bought the house and even gave them the day we would be moving in! Even though our offer was subject to a number of factors, I focused my passion and desire on the end goal, and didn’t worry about any potential challenges, as I knew there would be a way around them.
4. Repeat steps 1 through 3 until desired outcome is achieved!
   

Then something strange happened…

By focusing my mind on the end result, things seemed to fall into place. It was like I could see into the future, I imagined the day we got the keys and walked into our new home. I imagined, sitting on our patio and watching the sun set. I imagined my son running around the garden. It was all so real.

There were certainly challenges that we encountered during this process, however we always overcame them, and they never seemed impossible. Things just happened when they were supposed to - at times, it was difficult to believe!

Our offer was subject to a number of conditions. One of these was that our finance would be confirmed by 26/02/09, otherwise the vendors could get out of the contract. This was an area of concern because we weren’t able to confirm finance until about 1 week later.

The vendors rung us a week before the end of our finance condition to ask if we would mind extending the finance clause and asking for an extension - that is what we needed! But why would they ask us to do that?

Turns out that they had purchased a property subject to the sale of their house becoming unconditional on 26/02/09. They had since discovered that the area they were about to buy into, was not what they originally thought. They tried to get out of the contract but it was water-tight - apart from if the sale of their house fell through…

If we asked for an extension for finance then they would be able to avoid buying the house they didn’t want and we were able to buy the house we wanted! Funny how things work out, aye?

Tags: bought, buying, first house, home, how things work, kiwi millionaire, millionaire, money, no money, property, success

This entry was posted on Thursday, March 12th, 2009 at 4:33 pm and is filed under Diary of a Millionaire. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.