5! Thank you, sometimes you can feel like you’re the only one until you realize a lot of us have experienced or currently experiencing the same thing. Discipline is key, thanks for your knowledge.❤
This is part of the reason most renters should try to buy something equivalent to what they are renting… it’s essentially forced savings which is more than most save
I was told to rent first before I buy. But know rent is really high it’s ridiculous for a one bed room. Also if I buy my fear is I don’t know how to do any home work at all.
@@jeangrey2788 search for New York Times rent vs buy calculator.. maybe tommy has some others, but it’s helpful for key factors that should impact the decision… generally is you aren’t planning to stay in an area at least five years, buying might not work out, right now it might be 10. It’s a personal decision based on your local factors and expectations… lots of people try to buy their dream home and I think that’s a horrible idea, because your dream home costs a lot more than what you are ok with renting now.. was super scary for my wife and I to buy our first 6 years ago, but the numbers said it’d likely work out about $800/month better so we did and it’s been way better than that. I would suggest at least trying to live as if you bought.. those calculators basically assume buying costs more at the beginning and you are investing the difference if you are renting. So if you can afford to do that it gives you comfort.. if you determine you can’t afford it then figure out how you can (cheaper location, better skills for better pay, etc)
If you assume that both rent and home values increase with inflation long term and the fed gets to it’s long term goal of 1.5-2.5%… then look at houses/condos or whatever similar to what you are renting now, the long term decision of what’s best should be obvious, then it’s just a question of riding out the ups and downs of prices versus risk of renting until prices drop or buying when prices are unseasonably low.. if you are saving at least the principal portion of what the mortgage would be even on top of renting, then you are getting the forced savings and will be better off than if you aren’t :)
Only Wixpool offers good returns from investments in DEX platforms on reliable networks like Bitcoin. And I dont see the point of working with risky assets...
Make goals for your money! Facts
Five! I'm living in the Philippines from the states debt free. God is good all the time.
I'm retired and I put 3k into a cd with 4.85% apr for a yr
5! Thank you, sometimes you can feel like you’re the only one until you realize a lot of us have experienced or currently experiencing the same thing. Discipline is key, thanks for your knowledge.❤
5. Positivity n progress. I love it
Five! Great Video As Always ❤
When does your book come out?
5. Am from Zambia. Thanks for the knowledge. Keep it up Mr t.
Dudeeeee make a podcasttee pleaseeeeeeeee
5! Thank you!
Tommy, this video was mad educational! Thank you. 👍🏿
Where would u invest that money into I have a vanguard IRA but now I also started investing in Td Ameritrade
5. Good information!
Way to keep us on the right path. 5.
5- and definitely agree with you in make goals for your money I just think I gotta cash out my savings because the swiping demon is strong 💪
Five! Thanks.
This is part of the reason most renters should try to buy something equivalent to what they are renting… it’s essentially forced savings which is more than most save
I was told to rent first before I buy. But know rent is really high it’s ridiculous for a one bed room. Also if I buy my fear is I don’t know how to do any home work at all.
@@jeangrey2788 search for New York Times rent vs buy calculator.. maybe tommy has some others, but it’s helpful for key factors that should impact the decision… generally is you aren’t planning to stay in an area at least five years, buying might not work out, right now it might be 10. It’s a personal decision based on your local factors and expectations… lots of people try to buy their dream home and I think that’s a horrible idea, because your dream home costs a lot more than what you are ok with renting now.. was super scary for my wife and I to buy our first 6 years ago, but the numbers said it’d likely work out about $800/month better so we did and it’s been way better than that. I would suggest at least trying to live as if you bought.. those calculators basically assume buying costs more at the beginning and you are investing the difference if you are renting. So if you can afford to do that it gives you comfort.. if you determine you can’t afford it then figure out how you can (cheaper location, better skills for better pay, etc)
If you assume that both rent and home values increase with inflation long term and the fed gets to it’s long term goal of 1.5-2.5%… then look at houses/condos or whatever similar to what you are renting now, the long term decision of what’s best should be obvious, then it’s just a question of riding out the ups and downs of prices versus risk of renting until prices drop or buying when prices are unseasonably low.. if you are saving at least the principal portion of what the mortgage would be even on top of renting, then you are getting the forced savings and will be better off than if you aren’t :)
5.... times to borrow more then you can afford
5! Great video
I wish there was RUclips and your channel 30 years ago! 🙏5
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Cinco!! ❤️
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Only Wixpool offers good returns from investments in DEX platforms on reliable networks like Bitcoin. And I dont see the point of working with risky assets...
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