JUNE 2018
Page 7
BUSINESS AND FINANCE
“DAVE SAYS”
becoming debt-free!
Let’s take a look at both scenarios.
If you can save $20,000 a year,
that means you’re about 10 years
away from a nice, paid-for home,
and you’re still debt-free. That’s
one option. At the same time, I
don’t yell at people for taking out a
15-year, fixed-rate mortgage, where
the payments are no more than 25
percent of their monthly take home
pay. In this situation, you could
save like crazy for a couple of years
and make a big down payment on
a home in the price range you’re
talking about. Then, you could pay
Save up, or get a mortgage? off that house in just 15 years.
Dear Dave,
I’m 28, single, and I just
became debt-free. In addition, I
make $70,000 a year and have
the equivalent of six months of
expenses set aside for emergencies.
Should I save up to pay cash for a
house, or is mortgage debt okay?
I’d like to keep the price of a
new home between $200,000 and
$225, 000. Since I currently live in
a nice apartment, I think I can save
about $20,000 a year. What do you
think?
Kathryn
I honestly don’t have a problem
with either solution, Kathryn, but
think about this. Wouldn’t it be
great to have your own home, and
still be completely debt-free, at 40?
It’s something to think about!
—Dave
* Dave Ramsey is CEO of Ramsey
Solutions. He has authored seven
best-selling books, including The
Total Money Makeover. The Dave
Ramsey Show is heard by more
than 13 million listeners each week
on 585 radio stations and multiple
digital platforms. Follow Dave on
Dear Kathryn,
the web at daveramsey.com and on
It sounds like you’re in great Twitter at @DaveRamsey.
financial shape. Congratulations on
GILLY
BREWING
CO
Stone Mountain. Years later,
on August 28, 1963, Martin
Luther King Jr. gave a speech
about his dream of freedom
in our nation and prophesied
that it would come to be. That
dream is now becoming a
reality.
M
artin Luther King Jr. once
said he had a dream “…
that one day on the red hills
of Georgia the sons of former slaves
and the sons of former slave owners
will be able to sit down together at the
table of brotherhood.” Brotherhood is
another name for community and it is a
need at the core of every human being.
That is precisely what the team at The
Mayor’s House in Stone Mountain
Village is fighting for. Stone Mountain
is a city unfortunately known for its
racial divide, but that will all change
soon as this powerful group of young
leaders takes on a city to transform it
into one of brotherhood.
The Mayor’s House in
Stone Mountain Village was built in
the 1800’s and was the residence of
Mayor Andrew Johnson during the
time of the Civil War. Just yards
away in the front of the house is a
stone which was used to measure the
diameter of the city and it marks the
center of Stone Mountain.
Right in the backyard is the largest
stone mass in the world with the largest
Confederate monument carved into
the mountain. This mountain draws
millions of tourists all year, and yet,
it is also one of the most negatively
branded cities in our nation. For some,
it has been difficult to forget about this
confederate memorial right down the
road from their houses. This divide
amongst the people has negatively
affected the development of the town.
The first shots in the Civil War
fired 150 years ago. That was the
beginning of a war of bloodshed over
the value of human beings, regardless
of their race. Slavery was abolished
Daniel Brown, his wife Shellane
as a result of this war, but 50 years
after the beginning of this war, the and a group of his neighbors are
Ku Klux Klan burned a cross atop committed to rewriting the story of
this historic town. They want to turn
the house into a center of community
in the village. Daniel said, “My
partners and I were energized and
called forth by the challenge to create
authentic community and connection
in our historic slice of Atlanta.” not only serving coffee but they also
serve a little bit of something else
on the side. They serve freedom and
revival. Daniel also said he believes
“…that this property and dream will
become the catalyst for transformation
in Stone Mountain, GA.”
Daniel has been battling this project
for two years but has recently made
progress with the opening of his
coffee brew bar, Gilly Brewing Co. I
recently walked into this place, and I
was blown away by the atmosphere of
boldness and entrepreneurship. This is
a house full of people who are actively
pursuing a dream to see a community
revived.
While we were talking with Daniel,
he told us stories upon stories, and
I quickly realized that we were
cut from the same cloth. We both
want community. We both want to
empower young leaders to change the
city and eventually the world. You
will find that Gilly Brewing Co. is They plan to turn the Mayor’s House
into a collaboration of entrepreneurs.
There is a church that meets there, and
there will soon also be a restaurant. If
you want to see the historic downtown
area of Stone Mountain grow, you can
support this group of influential young
men and women by taking a trip to
Stone Mountain Village. Stop by and
have a cup of coffee at Gilly Brewing
Co. As the famous freedom activist
once said, “…let freedom ring from
Stone Mountain of Georgia!”
DEON’S DOS AND DON’TS
FOR REAL ESTATE
A
ll
professional
realtors must be
licensed by the
state or states in which they
do business. However, in
choosing the best person
to represent you as either a
buyer or seller, if you happen
to be over 50 years old, those
with the designation Seniors
Real Estate Specialists®
or SRES® are trained and
qualified to address the needs
of home buyers and sellers
just like you.
By earning the SRES®
designation, myself and
others have demonstrated
the necessary knowledge,
expertise, and marketing
savvy to counsel clients aged
50+ through major financial
and lifestyle transitions in
relocating, refinancing, or
selling the family home.
In
any
real
estate
transaction, it’s essential
to assess and understand a
client’s current situation.
SRES® designees are astute
to the financial and emotional
challenges senior clients face
when they sell a long-held
family home. Not only do we
create a customized approach
to marketing and selling your
property, but we’ll work with
you to explore your housing
options to ensure that your
next home best serves your
current and future needs.
As certified specialists, we
have particular knowledge
about
everything
from
reverse mortgages and the
importance of universal
design to the uses of pensions,
401k accounts, and IRAs
in real estate transactions.
We also help you steer
clear of loan schemes and
scams that victimize aged
50+ borrowers. We can
help with a comprehensive
understanding
of
how
Medicare, Medicaid, and
Social Security impact 50+
real estate decisions.
Should you need help
from other professionals,
SRES® realtors can tap
Lauren Roberts
Editor and Cheif
into their network and put
you in touch with qualified
home inspectors, movers,
attorneys, CPAs and other
experts.
So, if you are 50+ and
thinking of buying, se lling,
renting or relocating, you can
put your trust in the SRES®
agents at Deon Cannon
Realty. Call us at (404) 630-
2985, we’re always willing
to help you and to serve your
real estate needs. We’re ready
to begin working with you
right now to develop a strong
and sensible plan to sell your
home or find the one that’s
perfect for you.