If you were raised in the “projects,” “hood,” “ghetto,” “country,”
or “sticks” then this blog is for you! If you were raised in a trailer, trailer
park, or simply under “poor living conditions” then this blog is for you! If
you were raised sans indoor plumbing or running water then this blog is for
you! Perhaps you were born just plain ole’ poor. Then this blog is for you!
Many people look at the “James” they see today and often
make up their own story about my past. “Did you grow up in D.C.?” “You sound
like you are from up North.” “Were your parents professionals as well?” The
list goes on. The bottom line is that I’m a simple country boy who was raised
in Culpeper, Va. (sounds country, right?) by two loving parents who had to drop
out of school in the 6th and 7th grades to take care of
their families. I spent the majority of my formative years in a house with no
running water, thus no indoor toilet. If you were to stop and look at these
humble beginnings, you could easily conclude that any kid growing up in this
environment was destined for failure or at least to continue the disadvantaged
socio-economic cycle, generation after generation. Glory to God, despite our
surroundings, my parents were able to raise three successful children who all
learned the value of an honest day’s work and to not allow where you are to
dictate where you can be.
I was incredibly ashamed of my living conditions, so
never invited my friends from school to spend the night over my house. However,
as I grew older and stronger I used this shame to propel me and not to keep me
in bondage.
It’s easy to
dream, but sometimes we get frustrated that we're working hard and not seeing
results as quickly as we'd like. We're actually building a foundation and that
elusive success simply will not happen overnight. We have to fully understand
that it’s a slow process in which we are constantly building and learning. If
it were easy, everyone would have achieved it and the success surely wouldn’t
be as appreciated. That’s why it’s extremely important to create a foundation
that will remain strong even in times of crisis, and that takes time. We must
constantly remind ourselves that we only fail if we quit; otherwise, it is a
learning opportunity.
Like many of
you whom were raised in a less than ideal home environment, I knew that somehow
or someway, I had to break this cycle of poverty—both financial and
educational. However, since I was too small to go to the NFL…too short to go to
the NBA…and a little too dark to go to the NHL, education alone was my passport
to the future! I knew that I had to go to college and earn a degree.
After earning a
Bachelor’s degree in Physics from Longwood College and a Master’s in Civil
Engineering from the University of Virginia (UVA), I designed and built my
first house just outside of Charlottesville, Va. in 1990. I often beamed with pride to have
accomplished such a task and was eager to host family and friends on any occasion.
Unfortunately, after a few years I had reached the height of civil service in
Charlottesville (GS-13) and simply had to move to the Washington DC area if I
wanted to take my career to the next level. Therefore, the house with over an
acre of land that I had built and purchased for $109.000 in 1990 sold a few
years later for $118,000 in 1996.
Now that I had moved to the “Big City”—like Jethro
Bodine and the Clampetts—it was time for me to find a new crib, so I relied on
the wisdom of my old office mates back in Charlottesville, and sought to get a great deal buying “pre-construction.”
This was one of the smartest financial moves I’d ever made because as soon as
my house was completed by Winchester Homes, in 1997, they were selling the same
model in my neighborhood for $30K more!
I planned to stay in the townhouse until I one day moved
into my “dream home” with my wife and family, so I always knew that this house
was a means to an end—but certainly not the end. Therefore, during the height
of the real-estate market when folks were taking equity out of their houses and
cashing it in for trips, cars, SUVs, and God only knows what else; I simply let
the equity in my house grow. Well, after 11-years in this townhouse and
witnessing my sister get a fabulous deal on a bank-owned foreclosure single-family
property in Haymarket Va., a still-small voice began to whisper in my ear that
perhaps my 8,000 square foot dream home was closer than I thought if only I
could find a bank-owned property. But there was one sizeable obstacle, I had to
sell my existing townhouse in one of the worst real-estate markets the Nation
had ever seen in early 2008. Glory be to
God just five days after the house went on the market it sold for $335,000, and
I had only paid $159,000 in 1997. After the 6% real-estate commissions (split
between the listing and buyer’s agents) that still left me with more than
$175,000 profit!
Angela and I used $150K of this money as a down payment on
our nearly 8,000 square foot dream home that we purchased at a 30-40% discount
from the bank for a total of $728,000. When Angela and I purchased our dream
house in 2008 it had actually been built a few years earlier in 2004, but the
original owners had never really lived in or taken care of it. This house had
been built just for us four years prior to ever imagining that we would be able
to afford it. God’s favor! Although it was a bank-owned foreclosure that had
been sitting empty for nearly two years, we immediately recognized its
potential and knew that all it needed was someone to appreciate and take care
of it. The true owners were finally going to occupy it.
But it doesn’t end there!!!!
A few months ago, after church my daughter Landon and I
were led to a gated community in Loudoun County, Va. called Creighton Farms
where the Favor of God not only allowed us to get by the guards at the front
gate but to also get inside—with the assistance of a real-estate agent who was
having an open house at another property—the house that God alone had led us to. This 8-bedroom, 17,600 square foot, 5-car
garage mansion is nestled on 3.3 acres (God’s number) and even has its own
pond! Although it’s listed as a 2008 construction it’s NEVER been occupied, and
seems to be waiting for its rightful owners to occupy it (sounds familiar?)
Oh, the price?
$4.5M!!!!
As it currently stands there’s no way in the world that
Angela and I could possibly afford this $4.5M mansion, but then again, a little
over five years ago we thought there was no way we could ever afford to live in
the house I’m currently writing this blog from. But with God (three of the most
important words you will ever know), all things are possible!
I pray that this blog encourages at least one person who
grew up under similar circumstances to become inspired to pursue all that God
has planned for you. There is a serious
wealth transfer that’s now underway and most experts agree the key to building
wealth is ownership. Dare to dream! Dare
to break the shackles of financial, educational, and generational poverty! Dare
to dare!
About the Author of "Body, Mind & Spirit: The Awakening": James Hackley is an author, inspirational speaker, and a philanthropist who earned a B.S. degree in Physics from Longwood College and an M.S. degree in Engineering from the University of Virginia. He's the founder of Omega Consulting Enterprises, chaplain of a local chapter of Omega Psi Phi fraternity, and faithfully attends Holy & Whole Life Changing Ministries International in Lansdowne, Va. His latest book, Body, Mind & Spirit: The Awakening can be purchased by visiting him at http://www.jameshackley.com , http://www.Amazon.com, and http://www.barnesandnoble.com.