Earlier this year I wrote about buying a Saskatchewan property at an auction 🙂 But I had to raise $25,000 by the completion date, or I lose my deposit forever! 🙁 The seller has since pushed back the original completion date to October (lucky me) but regardless of the extension I’ve successfully secured the rest of my downpayment now 🙂
But what knocked my toque off is that I’ve managed to exceed what I actually need and somehow doubled the size of my property fund to $50,000 😯 And it’s all thanks to liquidity.
“Always aim for the Moon, even if you miss, you’ll land among the stars.”
― W. Clement Stone
I have definitely landed among the stars 😀 A few months ago I had no cash savings, and no rainy day fund. Today, I can literally buy a brand new BMW 3 series or an Audi A5 in cash!!!