A greedy brother inherits a house and mocks his younger sister, who only gets five rusty old clocks from their late grandmother. Little did they know about what was hidden in those timepieces.
“Oh, so grandma called you as well?! I thought you’d be busy in the library…like a good little bookworm!” 26-year-old Brian scoffed at his younger sister Linda, 19.
She had just stepped down from the taxi. Fear filled her eyes as her heart told her: “Nothing will happen to grandma. She’ll be fine. She’ll live for a hundred years more.”
Brian and Linda had come to visit their 90-year-old granny Marlene. She had requested them to see her urgently.
“Sweethearts, I wish to see you one last time. I might not get another chance again,” Marlene had painfully told them on the call two days ago…
As Linda entered her grandma’s bedroom, she coughed, noticing that it was pretty dusty. Marlene was too old and sick to do things on her own. She hadn’t swept the floor, and Linda saw the ceiling was moldy due to leakage.
Linda opened the clock, and what she found inside would go on to change her life.
“Grandma!!” she ran and hugged Marlene, who was in bed. “Nothing will happen to you, grandma. Please don’t worry. God will not take you away from us because you are all that we have.”
Until a year ago, Linda lived with Marlene. She took good care of her and helped her a lot. She was even ready to turn down a life-changing scholarship but moved to the city to pursue her degree upon Marlene’s insistence.
Brian entered the room, coughing and grinning. “Damn…I’m allergic to dust! Grandma, didn’t you sweep and dust your room?”
He came closer and saw his grandma was sick and skinny. But he was least bothered and stood there, waiting to know why she had called them.
Marlene stared into Brian’s eyes as she clasped Linda’s shivering hands. The girl was pained to see her grandma so pale and her eyes lacking that once beautiful spark. They looked lifeless.
Marlene smiled, getting up gently, and took two envelopes from under her pillow. “Sweethearts, this is for you,” she said. “Please use it wisely. I called to give it to you.”
Brian and Linda opened the envelopes and found a wad of $5,000 in each.
Linda could not hold back her tears and ran out crying.
Meanwhile, Brian frowned. “Only this much? I thought you had more to spare. Fine, I have to go now.” He turned his back on Marlene and walked away without even thanking her.
The next day, Marlene was in for a surprise.
“Good morning, grandma!” Marlene heard Linda in her bedroom. She didn’t expect her to return.
She awakened as the girl undrew the curtains, shafts of beams lighting up the dark, dusty bedroom.
She was surprised to see Linda. She had thought the girl had left for the city where she studied and was a part-time librarian.
Linda walked over to Marlene with the envelope she had given her the previous day.
“I added the $4,000 I’d saved over the year. Grandma, remember you told me about your poor vision? I now have $9,000. We can now pay for your eye surgery.”
Marlene rose from her bed. She hugged Linda, tears streaking her face. “I knew you better, darling! But it’s too late for the surgery. I can sense my death nearing. I don’t want to waste this money when it can be used for something better.”
Linda wiped away Marlene’s tears and said she would live with her.
“I’ve taken a month off. I’m not going anywhere until I see that golden smile on your face, grandma.”
And Linda knew what she had to do to restore Marlene’s smile.
Having Linda around was of great help to Marlene. She didn’t have to worry about cooking for herself.
There were days when Marlene would eat stale bread for dinner when she never felt like making herself a nice meal. But after Linda came, she started feeling on her feet again. Marlene had never felt so relaxed and happy before.
One day, she heard strangers’ voices outside her bedroom and went out to check. She was surprised. Linda had spent the $9,000 on renovating the house and fixing the leakage.
“I knew you wanted to repair grandpa’s treasured house for a long time. Are you happy now, grandma?! I renovated it so that you see the beautiful house you once lived in with grandpa. Do you like it?”
Marlene was speechless. She walked to Linda as fast as her fragile legs could carry her and hugged her. Marlene had never cried like she wept on Linda’s shoulders that day.
Marlene often made a wish. “I want to die when I’m the happiest on earth!” A week later, her wish was fulfilled. Marlene died in her sleep, leaving Linda with more than a broken heart.
A couple of days after the funeral, Linda and Brian were called to the lawyer’s office regarding the late Marlene’s will they never knew about.
When they got there, they were told about another surprise inheritance.
“Mr. White, according to your grandma’s will, you’ll be getting her house. Here are the papers. Please sign them.”
Linda was startled. She was not jealous of her older brother, but it worried her because she had renovated the house, and Brian got it when he least deserved it.
“And Miss Linda, this is yours,” the lawyer said, pushing forward a box toward Linda.
“What is this?” she exclaimed and opened the box. She found five old vintage clocks inside. Brian burst into laughter and began mocking her.
“That’s hella insane and cheap!! Grandma left her house to me. She knew who deserved the best. You can decorate your rented apartment with these rusty clocks and cry over it, sis. Luck does not favor everyone!”
Distraught, Linda left for the city, taking the clocks with her. She never bothered to check them thoroughly until one day when she noticed an engraving on one of them.
“OPEN IT!” was etched in a beautiful cursive font on the metal.
Curious, Linda opened the clock, and what she found inside would go on to change her life.
“A note?” she exclaimed and picked a little scroll from the clock’s interior. She unfolded it and sat back, stunned.
“Never underestimate these rusty, old watches! They are 100-year-old classic timepieces that belonged to my grandfather. And they are crafted from rare, exquisite metal! Each piece is worth $40,000, my dear!” began the note.
Linda’s eyes filled with tears of joy as she read further.
“Everyone gets what they truly deserve, Linda! I’m glad you got only the best. With Love, Granny Marlene.”
Linda burst into tears as she held the vintage clocks close to her heart. They still functioned, and she could hear them tick close to her heartbeat. It felt as though her granny had not gone anywhere.
Linda chose not to disclose this to her brother.
“He is blinded by greed and thinks he got the best from grandma. Let him live with that assumption. Granny knew who deserved the best and I needn’t prove it to him!” she thought and kept the rare timepieces locked in her drawer.
What can we learn from the story?
Everyone gets what they truly deserve. Brian mocked Linda when she inherited only five old clocks from their grandmother. Little did he know that she had actually gotten what she truly deserved because each piece was worth over $40,000.
Love and accept your elders for who they are. You will be loved back a hundredfold. Linda loved her grandma unconditionally and cared for her without expecting anything in return. Ultimately, she inherited a surprise $200K worth of legacy after her granny’s death.
Share this story with your friends. It might brighten their day and inspire them.
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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