JL's Columbia SC Real Estate Blog: I'll Let You in on a Big Secret

I'll Let You in on a Big Secret

Big Secret I believe it's time that someone shares with you a huge secret that seems to be lost on a lot of people. It may very well seem like a simple solution to a lot of problems of today, but I can assure you that it's an often overlooked epiphany. It's something that I can credit my Mother for sharing with me a long time ago and it has served me well over the years.

 It's a secret that if more people took the bull by the horns and took to heart, might make their economic standing a little better. I know you're thinking that maybe I'm blowing smoke here, but I promise that if you follow one simple rule, your life could be a little better. Are you ready to learn what this drastic measure to improve your situation is?


Flash of Light

 Learn the difference between what you want and what you need and if you don't need it and you can't afford it, then don't buy it. It's simple, but it's profound, and far too many people cast this common sense solution aside in pursuit of objects that are not a necessity. If you have a family, they need food and shelter. But if there are only three of you, then you don't need a huge home with 5 bedrooms. You just need a comfortable living space with a payment that you can afford.

 You need food on the table and heat when you and your family are cold. You don't need a 52" flat screen and a sound system. I assure you that as hard as it may be to believe, you can live without either one, I have done it my entire life. Your needs are basic, but far too many people mistake things that they want with things that they truly need. Keeping up with the Jones family is not a bright idea, because these days the Jones family is broke and covered in debt. So why would you want to be in the same shape?

 I've had a credit card since I was 18 years old. I got it for emergencies and to help establish credit. I am now 29 years old and I have yet to use that credit card. Not once, not ever, not never. If I was in an emergency and there was something that I NeededI would use the card, but most people don't use their credit cards for that purpose. They use their credit to run out and buy a bunch of crap that they are perfectly capable of living without, because they think they need it.

 Unfortunately there are many people out there today who are out of work and desperate, and this post is not for them. When you're scratching to survive and provide for your family, then all bets are off and you do what it takes. But for those out there who have a job and their head above water, use a little common sense. You can drop below water a lot faster than you think, and that's just it, you have to think. So if you can live without and you can't afford to truly buy it, then do yourself a favor and pass on it. Try actually saving money until you can buy it. 


JL Boney, III - Columbia, SC Realtor - Coldwell Banker Residential Real Estate

 I specialize in Columbia, SC real estate and the surrounding areas, including Blythewood, SC, Kershaw County, Fairfield County, and Lexington, SC. If you are in the market to buy or sell a home in Columbia, SC or any of the surrounding areas, I would love the opportunity to speak with to see how I can help. Thanks for reading and feel free to contact me if I can be of service to you.

Office- 803-788-1450     Cell- 803-730-9601     Email- James_Boney@Yahoo.com

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Comment balloon 20 commentsJL Boney, III • January 20 2010 11:10AM


Thrift is a word that simply didn't "exist" for several years.    Good post!

Posted by Li Read, Caring expertise...knowledge for you! (Sea to Sky Premier Properties (Salt Spring)) about 9 years ago

Hi JL~  Makes perfect sense to me.  It is hard to believe that most people just don't get it!!

Posted by Vickie McCartney, Broker, Real Estate Agent Owensboro KY (Maverick Realty) about 9 years ago

You have your ducks in a row...maybe this will help others!

Posted by Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE (Liberty Homes) about 9 years ago

JL - You and I have had this discussion before.  Great post!  If more people were fiscally responsible, we might have less greed and more common sense.  This is worthy of a reblog for my local area.  Thanks....

Posted by Suzanne McLaughlin, Sabinske & Associates, Realtor (Sabinske & Associates, Inc. (Albertville, St. Michael)) about 9 years ago

Excellent Post! Many of our so called housing problems wouldn't even exist had people adhered to these ideals.

Posted by Tony Hager, Broker (United Realty Texas) about 9 years ago

JL, this is an excellent post.  We often forget that wants aren't the same as needs.  It's a difficult concept for many of us.  I have a 17 and 15 year old and we are trying to teach them this very concept at a young age with the hopes that they will never have a credit card.  Instead, that they will save for desired items and purchase them when they have cash.  Not a concept that many people adhere to.

Posted by Tammie White, Broker, Franklin TN Homes for Sale (Franklin Homes Realty LLC) about 9 years ago

JL, boy......... did you nailed this one, I agree with you, a big problem among many Americans.

Posted by Roy A. Peterson, P.R.E.I. (Domicile Analysis of Texas) about 9 years ago


Featured @ Club Chaos

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago


Thanks for sharing the secret.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) about 9 years ago


Your post is right on!  It makes total cents to me!  

I don't buy anything unless I know I can afford it.  Having said that, our credit scores do rely on showing a payment history, so how do you get around that without using a credit card at all?

I pay mine in full every month!   It's so much easier to pay yourself first and get ahead than to be chasing after financial security later. 

All the best, Michelle

Posted by Michelle Francis, Realtor, Buckhead Atlanta Homes for Sale & Lease (Tim Francis Realty LLC) about 9 years ago

Jl..you are getting a bit radical on us.  Think of all the jobs that will be lost if people don't file for bankruptcy because they were buying things that they could not afford!

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) about 9 years ago


Excellent message. I'm flagging this one for feature big guy.

Posted by Greg Nino, Houston, Texas (RE/MAX Compass, formerly RE/MAX WHP) about 9 years ago

I second Greg. :-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 9 years ago

Good post,  My parents bought a 3b2ba ranch in the 70's for 15k.  Same house today, $175k.  Too much government influence, too much consumerism.  I predict many negative things for the future if we continue this course.

Posted by Dale Terry about 9 years ago

JL...The secret is out!  Hopefully, people with pay heed to it.  Excellent post.

Cosmic Cow

Posted by Carra & Shae Riley, Helping people Transition at all ages! (Brokers Guild Cherry Creek Ltd) about 9 years ago

Well said my friend.

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) about 9 years ago

JL ---- this is a secret that I wish more young people would learn -- if you can't afford it, don't buy it -- Amen.


Posted by Liz Loadholt, Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC (Liz Loadholt- AgentOwned Realty- Covering SC) about 9 years ago

I hope people listen to your advice. 

Posted by Irene Tron about 9 years ago

I have a rule that if I dont have cash in hand we dont buy it. Now for my investment property's we use credit except for the down payments and refurbish.

Posted by Chip Jefferson (Gibbs Realty and Auction Company) about 9 years ago

JL, I agree with what you say; however, I do use my credit card for many things because I earn points and can redeem them for something in the future.  The difference is I pay my card off every month regardless of the balance...I see no harm in using a credit card if you use it properly...

Chanda panda

Posted by Chanda Barrick, in referral (Keller Williams Indy Metro Northeast) about 9 years ago