Mary realized she had forgotten her wallet while trying to pay for some groceries, but a kind boy, Mark, paid for her things. Sometime later, Mary and her daughter learned that Mark’s grandmother needed expensive surgery, so they decided to act, shocking the poor kid.
“Oh, geez. I must have forgotten my wallet in John’s car. I’m so sorry. I’ll have to come back for these things later,” Mary said to the cashier, who started picking up the items and putting them back. Meanwhile, Mary closed her purse, prepared to walk away when the boy behind her in line spoke up.
“Wait, ma’am. You don’t have many things anyway. I’ll pay for them,” he said. He couldn’t be older than 12, and Mary noticed that he didn’t look particularly well-off.
For illustration purposes only. | Source: Pexels
“Oh, no. I couldn’t put you out like that,” Mary countered.
“I insist, ma’am. Sometimes, we have to do good things, and karma will reward us later, right? That’s what my grandmother says all the time,” the boy said, placing his few things on the belt and paying for everything that Mary had picked out. Luckily, it was only a few essentials.
Mary’s daughter, Anastacia, was sick with the flu. She needed someone to watch the kids because her husband was in Europe on a business trip, so Mary decided to go to Santa Ana from San Diego, California. But her friend, John, had driven her up, and it seems she left her wallet in his car.
Once they got their groceries ready, Mary and the kid went outside. “Hey, I’m Mary Cummings. What’s your name?” she said conversationally.
“I’m Mark.”
“Thank you so much for what you did, Mark. It saved me a trip to the store. Listen, how about you give me your phone number so I can pay you back as soon as I get my wallet,” Mary suggested, and the kid wrote down his number on the receipt.
“Here, but don’t worry about it. There’s no rush. I live nearby anyway,” Mark said offhandedly.
“Although I also believe in paying it forward like you and your grandma, we have to pay off our debts,” Mary added, and they said goodbye.
For illustration purposes only. | Source: Pexels
She got home and told Anastacia about leaving her wallet in John’s car and the kid at the store who paid for her things. Mary only went there to buy a few things for chicken noodle soup, so it wasn’t anything important. “Still, it was nice to see a young man being so kind,” Mary finished her story while storing things and getting ready to make the soup.
“I agree. Although kids today are all so progressive, some of them can be pretty self-centered,” Anastacia.
“I don’t think this kid comes from a rich family, though. Maybe that’s why he’s so nice. But anyway, I’m worried that he might need that money urgently,” the older woman continued. Luckily, she called John, who agreed to come up to Santa Ana the following day and return her wallet.
***
Mary and Anastacia rang the bell at the address Mark had given them. Earlier, John came up, gave Mary her wallet, and Mary called the kid to return the money. He told her where he lived, and now they were right in front of his home.
The house was small and old. But it looked clean, and the garden was maintained. It was clear that these people didn’t have a lot of money, but they took pride in keeping it pretty. Mark answered the door.
“Hello, Mrs. Cummings,” Mark said upon opening the front door.
“Hey, Mark! This is my daughter, Anastacia. Here’s your money. Again, thank you so much for everything,” Mary told him with a kind smile.
For illustration purposes only. | Source: Pexels
“Thank you. You didn’t have to hurry,” the boy replied and looked behind him for a second. “Listen, I would invite you in, but I’m not supposed to have anyone over. My grandma would be mad.”
“Oh, where is she? Maybe, we can come later to meet her. Does she like pecan pie? Because we’re going to the bakery right now,” Anastacia added happily.
“Well, she’s actually at the hospital and won’t get out for a while,” Mark explained with a frown. Mary and Anastacia wanted to know more, so he continued. “She needs a huge surgery, and I started a GoFundMe, but I’ve been trying to promote it. It’s not that popular. For now, the hospital has understood, and they are keeping her in observation while I raise the money.”
“Oh, sweetie. You shouldn’t have to do that on your own,” Anastacia said, concerned.
“We don’t have anyone else. It’s only us,” Mark shrugged. Mary and Anastacia looked at each other and came to a wordless decision.
“Give me the link to the GoFundMe, and your grandmother’s name. Also, come with us to the bakery. We’ll go visit her and see if the doctor lets her eat some pie,” Mary offered, although it was more of a demand.
“Are you sure? You don’t have to.”
“We have to,” Anastacia insisted, and Mark went with them.
For illustration purposes only. | Source: Pexels
After buying some pies, they went to the hospital to meet Mark’s grandmother, Mrs. Julie Strada. They talked to her for a while, and Mark decided to stay with her that night, so Mary and Anastacia left.
When they got home, Anastacia shared the GoFundMe link with anyone she could think of, and she also donated a few hundred dollars. But Mary felt so hopeless. “They need so much money for this surgery. I don’t know if sharing the link is enough,” she breathed sadly.
“Let’s think,” Anastacia said, looking at her computer. “How about we share the story of the boy? I mean how he helped you, although they need the money so much. I mean, he couldn’t know you were going to pay it back. Maybe it could go viral? Let’s try Reddit.”
“That’s a one-in-a-million thing, Anastacia,” Mary replied skeptically.
“We’ll see,” the younger woman said with a smile and started writing everything that happened on Reddit. She posted it on several subreddits and her Twitter.
For illustration purposes only. | Source: Pexels
At first, there were only a few commenters, but thousands of people had read the story and donated to the cause after a few days. They still needed a lot more donations to reach the goal of $230,000, which was the cost of Mrs. Strada’s entire treatment.
But surprisingly, a famous new outlet picked up the story, shared it, and even interviewed Mary and Mark for their article. The GoFundMe project reached way beyond their goal, and they were ecstatic. Mark couldn’t believe it. He had only paid around $20 for what Mrs. Cummings needed at the store, and she somehow found a way to pay it back and more.
What can we learn from this story?
- Helping others can change your life. Mark helped an older woman at the store, not knowing how hard she would work to pay him back for his gesture.
- There are still good people around the world. Tons of viral stories have gotten people enough donations to pay for their family members and even their pets’ treatments, which proves how good people can be.
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 man who had to put his baby up for adoption when he was a teenager.
This account is inspired by our reader’s story and written by a professional writer. Any resemblance to actual names or locations is purely coincidental. All images are for illustration purposes only. Share your story with us; maybe it will change someone’s life.
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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