Young and Frugal » Cash http://www.youngandfrugal.com Business and Personal Finance for Millennials Fri, 10 Dec 2010 02:47:33 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Anecdote: The Power of Cash http://www.youngandfrugal.com/2008/04/21/anecdote-the-power-of-cash/ http://www.youngandfrugal.com/2008/04/21/anecdote-the-power-of-cash/#comments Tue, 22 Apr 2008 04:28:39 +0000 Daniel http://youngandfrugal.wordpress.com/?p=43 Tonight Mary and I had the chance to eat at a very wealthy person’s house in Dallas.  This house is AMAZING.  This house is probably 10,000 square feet, and they had a “mile of wood trim” throughout their game room.  It was very impressive, and it sits on one of the most visible places in North Dallas, on the corner of a busy intersection.  The house is designed like a castle, and sits far enough back where you hear no road noise and you can’t see any of the streetlights because of the size of the lot and how the house is situated.  I could probably tell most people in Dallas what house it was and they would know exactly what I’m talking about.

The couple who own it are definitely a “power couple,” he’s a doctor, she’s a lawyer.  As I walked through I was thinking about the ridiculous mortgage payment they must have for their $2+million house, until I heard the most amazing thing all night… THEY PAID CASH!    

They built what they could when they could afford it, and while this isn’t for everyone, I applaud them for being debt free and staying together for what I’m sure was a hectic process.  They started the house on January 1, 1990, they moved in to the garage apartment 3 years later, and the house was under continual construction since then.  They just recently finished about 5 years ago, and they really did a great job with it.

I have to say, I am amazed that someone in this town owns their own mansion!  It’s very refreshing!

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