@0:30 I agree with your sentiment but Dave doesn't suggest buying a house cash. He says to do 15 year mortgage instead of a 30 to pay it off quicker. But still I agree with your overall point. I like subscribing to early channels. Keep up the content.
Awesome advice to many youngsters out there. I started stashing away in 401K in the early 90's. I would Never advise anyone to go with an HOA just for the sake of "owning something". My best advice would be to either buy outright without an HOA, or rent. Mutual funds and index funds are Great I do those, and then let my advisor do the individual stock portfolios . I inherited property and investments and treat them with respect. I grew up poor and if needed I could totally do that again.
My only disagreement comes with the Dave Ramsey portion. While I agree his teachings are more pointed towards people just beginning their financial journey and getting outta debt they say quite regularly on their show to get a mortgage payment that's 25% or less of your monthly take home pay. They know most people won't be able to flat-out buy a house (ESPECIALLY a first home) in cash, and they don't really try to tell you to.
I agree time is money i use to drive 10 mins away to save myself 5$ not realizing it cost me 20mins roundtrip and cost of the car gas/wear i was saving maybe 2$ for 20mins when i could enjoy my little time after work
Great video, however rent money is dead money, no one wants to be retired still paying rent. You want to have an asset that appreciates in value therefore it’s important not to rent for too long
The most is paid with rent. You pay the minimum with a mortgage. For instance you have mortgage plus maintenance, property tax HOA fees. Renting is not throwing away money
Yeah, I would argue that your money is growing much faster in the stock market than it would be stuck in a house as equity. Plus there are way more expenses owning than there are in renting which includes paying rent to Uncle Sam (taxes). My advice is to find a cheap place to rent and stay there for as long as possible.
You're doing a fantastic job! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
DUde you sure you did not just have a super good job but not a ton of expenses? Like saving anywhere in the 6 figures normally requires way more than break even money.....
@0:30 I agree with your sentiment but Dave doesn't suggest buying a house cash. He says to do 15 year mortgage instead of a 30 to pay it off quicker. But still I agree with your overall point. I like subscribing to early channels. Keep up the content.
🤝🤝 I do acknowledge that if we do have to take on a mortgage, he says to use a 15-year mortgage 🙂
@@SangTalksMoneyno i didn’t here that. Unless you said it in another video. It’s ok to be wrong brotha
Also with owning a home you tend to fill it up with more stuff. People buy so much stuff they can't even park their car in the garage.
Very true… consumption is everywhere 😳
These videos are very insightful
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Awesome advice to many youngsters out there. I started stashing away in 401K in the early 90's. I would Never advise anyone to go with an HOA just for the sake of "owning something". My best advice would be to either buy outright without an HOA, or rent. Mutual funds and index funds are Great I do those, and then let my advisor do the individual stock portfolios . I inherited property and investments and treat them with respect. I grew up poor and if needed I could totally do that again.
Time to pay 20 dollars to somebody to cut your hair / bear and your nails ....dude groom yourself atleast.
Bro… I’m gonna have to get on it 😆
My only disagreement comes with the Dave Ramsey portion. While I agree his teachings are more pointed towards people just beginning their financial journey and getting outta debt they say quite regularly on their show to get a mortgage payment that's 25% or less of your monthly take home pay. They know most people won't be able to flat-out buy a house (ESPECIALLY a first home) in cash, and they don't really try to tell you to.
I agree that he says if we do have to take on debt, we should do a mortgage to buy a house🙂
Fire video
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I agree time is money i use to drive 10 mins away to save myself 5$ not realizing it cost me 20mins roundtrip and cost of the car gas/wear i was saving maybe 2$ for 20mins when i could enjoy my little time after work
Agree with all statements!
Yes zhanel! 😊
Great video, however rent money is dead money, no one wants to be retired still paying rent. You want to have an asset that appreciates in value therefore it’s important not to rent for too long
There is an argument to be made for homeownership..
The most is paid with rent. You pay the minimum with a mortgage. For instance you have mortgage plus maintenance, property tax HOA fees. Renting is not throwing away money
Yeah, I would argue that your money is growing much faster in the stock market than it would be stuck in a house as equity. Plus there are way more expenses owning than there are in renting which includes paying rent to Uncle Sam (taxes). My advice is to find a cheap place to rent and stay there for as long as possible.
don't be a silly wank. 1.8mil net worth here. And I rent. Where are YOU at?
You're doing a fantastic job! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
All great but you will have to get back to work if you ever decide to start a family or at least find some maid to take care of you when you are old
DUde you sure you did not just have a super good job but not a ton of expenses? Like saving anywhere in the 6 figures normally requires way more than break even money.....
I’m planning a video to outline how to get a good job, man! 😭
@@SangTalksMoney only way to do it!!!
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did you at least get secks out of that argumentative, non saving girl? that’s called getting good value out of a relationship!
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