Personal Responsibility

The sobering message that now President Barack Obama delivered last week asked us all to take more personal responsibility.

This message should hit home hardest in the real estate and financial sectors. Personal responsibility should mean that we live within our personal resources. With all that happened in 2008, we get to redefine how we look at our homes and finances in 2009 and beyond. We can choose to live on the edge or we can choose to be edgy and follow a different path. This path can most certainly be better than spending money on things that we don't really need.

The real challenge is to define our own standards in relation to our means. With personal responsibility comes personal freedom. Why get tied down to a house with high monthly expenses?

2009 will undoubtedly go down in history as a belt tightening year. Buying a home and making a change to a less costly house could be one of the best moves you make for your financial future. 2009 will be one of the best years to buy a home in history with low borrowing rates and dropping prices.