My mother had a clear favorite her entire life, while I was raised by my grandparents mostly. When she got old and sick, I helped financially but refused to do more than that for a crucial reason.
While most good parents would tell you that they don’t have a favorite, my mother was not ashamed to tell me that my brother, Stanley, was her golden boy. My father walked out of our family because caring for two children became too much.
In the end, my mother blamed me for it. “He wouldn’t have left if I hadn’t gotten pregnant with you,” she told me one day. I was just a child at the time and only wanted my mother’s love.
“But that’s not my fault,” I replied. “I didn’t ask to be born.”
“Don’t talk back to me! I’m the parent, and you’re the kid, so shut up,” she finished. We would have similar conversations through the years whenever she was mad at me. Finally, my mother sent me to live with my paternal grandparents.
They felt so bad that our father had walked away from our lives that they took me in and gave me all the love I never received at home. That’s how I learned that the word family has lots of meanings.
All I heard about my mother and brother over the years was that she helped him with everything. He got into some trouble with the police, and my mother paid all his legal fees. Eventually, she had to sell her house and pay for his apartment.
Stanley was spoiled and couldn’t hold down a job, but my mother coddled him. Meanwhile, my grandparents didn’t have much money, but they gave me everything they could. I had to work to afford my college and my home.
I learned a whole ton of responsibility, and when I graduated, I got a pretty decent job. That’s where I met my husband, Lawrence. We had two daughters whom I cherished equally. When my grandparents got sick, I was there for them until the very end.
They gave me their house, and one of my daughters moved there when she got married. Unfortunately, my husband died shortly after her wedding. She asked me to live with her, but I wanted to stay in our home.
I didn’t hear from my brother or my mother for many years. They didn’t care about me at all, so why should I care about them? But one day, Stanley called. “Hello?” I answered the phone.
“Hey, Brooke. It’s Stanley. How are you?” my brother said through the other line.
“Oh, hey, Stanley. Long time, no speak. I’m fine. How about you?” I replied.
“Yeah, it’s been a while. Listen, I’m calling because Mom broke her hip. I need your help,” Stanley continued.
“Oh, that’s too bad. Is she ok?” I asked.
“She’s fine. It’s just that the hospital bill will be pretty expensive, and I need help paying for it. She’s our mother after all,” he explained.
“Oh, well. Ok. Give me the details, and I’ll send some money,” I told him. My husband and I had accumulated decent savings, so I could afford to send Stanley some money for whatever our mother needed.
“That’s great, Brooke. Thank you. I’ll talk to you later,” Stanley said and hung up. I didn’t feel any obligation to my mother, but I wasn’t heartless. I sent him the money and forgot about it until a week later when my brother called again.
“Hey, Brooke!” Stanley started.
“Hey. How did everything go?” I asked.
“The operation for her hip went well, but the doctor just told me she’s going to need tons of rehab and round-the-clock care. I was wondering when you could come to pick her up?” my brother asked.
“What do you mean pick her up?” I probed, confused.
“I told you. She needs someone to take care of her. I’ve been by her side our whole lives. It’s time you take responsibility, Brooke. I can’t watch her,” Stanley added.
“Excuse me? Responsibility? Mom sent me to live with our grandparents because she hated me, and you were her golden boy. She essentially abandoned me,” I snapped.
“Please. Stop the melodrama. You need to step up because she needs you. She gave you life. You owe her,” Stanley demanded.
“No. I don’t owe her anything. I needed my mother when I was growing up, and she refused. She gave all her love to you, so you will need to figure out something. I gave you money for her hospital bills out of the goodness of my heart, but I won’t be her caretaker,” I told him.
“YOU’RE HORRIBLE, BROOKE! HOW CAN YOU DO THIS? I CAN’T WATCH HER!” Stanley started screaming through the phone.
“Honestly, I don’t care, Stanley. You don’t get to call me horrible. I was a kid when she abandoned me, and my grandparents became my REAL PARENTS. Don’t call me again!” I finished and hung up the call.
Stanley tried calling, texting, e-mailing, and more for several days, but I blocked him. He also tried contacting my daughters, but they refused to listen to him. They knew my history with that side of the family.
Of course, Stanley and my mother bad-mouthed me to anyone who would listen. I have been severely judged for my decision, but I didn’t listen to their criticism. After all, no one ever judged my mother for what she did to me.
What can we learn from this story?
- Caring for your loved ones is important. While Brooke’s choice is controversial, it’s easy to understand her point of view, given her background.
- Forgiveness is divine. Sometimes, you have to be the bigger person. Caring for your parents when they’re old is a big duty, both financially and emotionally. Someone has to do it.
Share this story with your friends. It might brighten their day and inspire them.
If you enjoyed this story, you might like this one about a mother who left her disabled daughter at an orphanage.
How to Own Your Dream Home
For most people, their first home isn’t their dream home. It starts off nice enough. But as time goes by and your family grows, starter homes tend to get a little . . . cramped.
But don’t hate on your current home too much. Because while it gave you a safe and dry place to lay your head at night, it was also setting you up to own your dream home someday.
We’ll show you how it all works and walk you through the steps that’ll get you in your dream home—one you can actually afford!
How to Get Your Dream Home in 5 Steps
Here are the steps:
- Follow the Financial Basics
- Find Out How Much Equity You Have
- Set Your New Home-Buying Budget
- Find the Right Dream Home for You
- Be Picky and Patient
Now let’s cover each step in more detail.
Step 1: Follow the Financial Basics
First thing’s first—you have to get out of debt, get on a budget, and build up an emergency fund of 3–6 months of expenses. Sounds pretty basic, right? If you haven’t completed these steps, then you’re not ready to upgrade to your dream home . . . yet.
Now, when you’ve got house fever, it can be hard to focus on paying off debt or saving an emergency fund before you upgrade your home—especially when you’re feeling the pressure of rising home prices and interest rates.
But whether it’s your second or third house, you should only buy a home when you’ve covered the financial basics we mentioned above. Then you’ll be ready to start the journey toward owning your dream house.
And that journey starts with your home equity. What’s equity? Well, we’re glad you asked . . . that brings us to the next step.
Step 2: Find Out How Much Equity You Have
Home equity is a pretty simple concept: It’s your current home’s value minus whatever you still owe on your mortgage.
See, in most cases, your home’s value increases over time. Similar to other long-term investments (like retirement accounts), homes gradually increase in value. There have been periods of ups and downs in the market to be sure, but the value of real estate has consistently gone up. According to the St. Louis Federal Reserve, the average sale price of a home has increased over 2,300% from 1965 to 2023! And in the last ten years (2013 to 2023), there’s been a 68% increase.1 As your home increases in value, so does your equity. In real estate terms, this is called appreciation.
Other factors that increase your home’s equity include:
- Added value: Home improvement projects like adding square footage, updating fixtures and appliances, or even just slapping on a new coat of paint can add value to your home.
- Mortgage paydown: Paying down your mortgage not only gets you out of debt faster, it also builds your equity. The less you owe on your home, the more equity you have.
The amount of equity you have gives you a pretty good idea of how much money you’ll end up with after selling your house. You can use that money to make a hefty down payment and cover the other costs that come with buying a home.
Find expert agents to help you buy your home.
So, how do you determine your home’s value? Well, you can get a ballpark estimate on real estate websites like Zillow, ask a trusted real estate agent to perform a competitive market analysis (which they’ll do anyway if they’re helping you sell your house), or get a professional appraisal.
Finding out your home’s equity will involve a little math, but it’s third-grade-level stuff, so don’t sweat it.
Here’s what we mean. Let’s say your home’s current value is $355,000. When you sell that house, you’ll have to pay for between 1–3% of the sale price in closing costs, another 6% in fees for the real estate agent who helped you sell it, and whatever’s left to pay off on your mortgage.
That means you can estimate clearing over $223,000 from selling your house. That’s a killer down payment on your dream home! And if your home is paid off, that’s even more money to put down and use to pay for things like repairs and moving expenses.
Step 3: Set Your Dream Home Budget
Once you know how much you’ll clear from the sale of your home, you can start making a budget for your dream home.
The key to owning your dream home (instead of it owning you) is to keep your mortgage payment to no more than 25% of your take-home pay on a 15-year fixed-rate mortgage, along with paying a down payment of at least 20% to avoid private mortgage insurance (PMI). Never get a 30-year mortgage even if the bank offers it (and they will). You’d pay a fortune in interest—money that should go toward building your wealth, not the bank’s.
So, let’s say your take-home pay is $4,800 a month. That means your monthly mortgage payment shouldn’t be any bigger than $1,200. By the way, that 25% figure should also include other home fees collected every month with the mortgage payment like homeowners association (HOA) fees, insurance premiums and property taxes.
Plug your numbers into our mortgage calculator to see how much house you can afford.
And don’t forget to budget for all those other costs that come with the home-buying process in addition to your closing fees—things like moving expenses and any upgrades or repairs you might need to make. You don’t want these hidden costs to catch you off guard or drain your emergency fund.
Step 4: Find the Right Dream Home for You
This is where things get real. After all your hard work building up your equity (and doing a lot of math—don’t forget that), you’re finally ready to start the house hunt. Woo-hoo!
But don’t lose focus. Stay zoned in by making a list of features that make a home fit your budget, lifestyle and dreams—and stick to it throughout your house hunt. Here are a few ideas to get you started.
- Don’t compromise on location and layout. If you plan to be in this home for the long haul, an out-of-the-way neighborhood or a wacky floor plan is a deal breaker. Look for a community and layout that’ll suit your lifestyle now and for years to come.
- Think about how much space your family needs. While your budget has the final say about how much home you buy, you’ll want your dream home to fit your family’s needs through different life seasons.
- Consider the school districts. If you have or want kids, the quality of the nearby school districts is probably already on your mind. But even if you don’t have kids or you’re retired, keep in mind that having good schools nearby could increase your home’s value.
- Look for a house that’ll grow in value. Are home values rising in the area? Is the number of businesses going up? These factors can help you figure out whether your dream home will turn into a good investment.
- Count the costs. Want that fancy master bathroom with the multiple showerheads and the Jacuzzi tub? Be clear on what’s a must-have and what’s nice to have. And don’t forget, upgraded features like that will make your dream home more expensive.
Step 5: Be Picky and Patient
We know you’re anxious to get into those new digs, but be patient. Wait for the right house at the right time. Don’t spend your money on a less-than-ideal home just because you’re tired of looking.
The key is finding a good real estate agent who understands your budget and refuses to settle for “good enough.” They’re as committed to your dream as you are and will have your back throughout the entire process, no matter what it takes.
In addition to teaming up with a great real estate agent, you can take a couple of extra steps to make sure you’re ready to strike as soon as the right home comes up:
- Get preapproved for a 15-year fixed-rate mortgage. Having preapproved financing is a green flag for sellers—especially in multiple offer situations. And because this puts most of your information in the lender’s system, you’ll be on the fast track to closing once your offer is accepted.
- Offer earnest money with your bid. Earnest money is a deposit to show you’re truly interested in a home. Usually it’s 1–2% of the home’s purchase price and it’s applied to your down payment or closing costs. Even if the deal falls through, you can almost always get most of it back.
Find a Real Estate Expert in Your Local Market
Now, you might be thinking you have some work to do before you’re ready to find your dream home. Or you may be realizing your years of hard work are about to pay off! Regardless, if you follow these steps, you’ll find the house you’ve always wanted and avoid a purchase you’ll regret.
Once you’re ready, connect with one of our RamseyTrusted real estate agents. These are high-performing agents who do business the Ramsey way and share your values so you can rest easy knowing the search for your dream home is in the right hands.
Find the only real estate agents in your area we trust, and start the hunt for your dream home!
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