Carmelo Camilleri, who bought his first home at age 27 in 2021, credits his success to valuable financial lessons from his father. After making significant money as a college student, his father's advice to save rather than spend transformed his money mindset. He adopted a strict savings philosophy, focusing on saving for a down payment while living at home and avoiding unnecessary expenses. This disciplined approach allowed him to negotiate a $25,000 reduction on the home price, affirming that early financial education and smart choices pave the way to homeownership.
The first thing my father said to me was, 'Don't spend it. Put it away.' My dad taught me about overspending and how debt works.
I just said to myself, 'If I make a dollar, I can only spend 10 cents of it at most.' That early money lesson really shaped my habits.
My dad taught me, 'always own, never rent.' His advice led me to become a homeowner at age 27 without financial strain.
I was always going to buy a home. It was just a matter of when - not if. Smart savings helped me achieve that goal.
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