Andres Jimenez whose coming up with excuses ? More like a joke I bought my first house by 21 and have a 6 figure portfolio before turning 30 and I had many girlfriends in between. But I know I would have a lot more money if I didn’t 😅
Just here to comment, ok, don't want any trouble that's what I'm saying bro out here in South Florida houses are overpriced. Might as well save up as much as I can and move further up north when I'm ready🤷🏾♂️
I’m on the same boat. 25, live with my parents and make 55k a year and have no more student loans, car payments or any stupid, expensive hobbies. I love adding 90% of my paycheck to my savings every other Friday. 60k saved and hope to have 100k by next Spring when I move out.
Tyclone buying a house is a lost either way, if u plan to it off u will always end up losing more money than the house is worth. This is just how it works. Maybe u can try to flip the home and get your money back
@@Sequel7 - If I sold it now I would gain about 65k profit. Home values in my area have gone way up in the 3 or so years after I bought it so I kind of got lucky I guess. But I'm hanging on to my house for awhile. (Should continue to increase in value) but until its paid off I pretty much have no money outside of it.
Dave Ramsey's insights have been a game-changer for me! His practical approach to financial management has empowered me to take control of my money and work towards a debt-free life. The Total Money Makeover is my go-to guide, and I appreciate how he breaks down complex concepts into easy-to-follow steps.
*Caller: hi Dave how are ya? Its literally a direct answer to a very specific question. It’s not like he goes around screaming it. Sorry I’m just really tired of this over done meme. Especially when they’re like Literally no one: Literally not a soul on earth: Not a single organism in the multiverse: Not even god: Like btich we get it🙄 And Yes I am this fun at parties.
Dude most people will do anything just to get out of debt, some choose the easy way out and take their own life. Debt-free is a life most of us just dream of.
Just completed baby step 1 today. Crazy how having just $1k in savings could bring a sense of security in your finances. Good on that guy for establishing himself at only 25 yrs old, I am 28 and have a long way to go :(
Also this guy is what you would definitely classify as an HUGE outlier. Most people in America regardless of generation don’t even have a sufficient savings account. Or a retirement fund. Much less having 80 grand in the bank by 25. So whether millennials are lazy or not, he’s definitely not the average American and most definitely not the average millennial
@@1123-e6n My friends and I are all millenials ages 28-33 and absolutely none of us are lazy. If a lot of millennials are lazy, I would know at least one that doesn't work hard.. It's a lie. On the other hand, I can think of at least two 40 something year olds who live at home with momma and don't want to work.
I'm a 25 y/o single female with 100k non property/car net worth (between retirement accounts, emergency fund, and cash/investments) and own a condo (:( 15 year fixed mortgage, working on paying it off early) so no, that has nothing to do with it. 2 incomes help fyi. I have a friend - lives at home with parents, has 250k cash (3 income home) they rent, and his savings build. Another friend (couple) one works with me and his wife works as a nanny - they have ~$300k+ in assets. 25 and 26 y/o) What matters is WHO you surround yourself with and what their priorities are. Edit: I'm not doing FIRE - the couple with 300k+ are ... My financially stable friends who are $$$ in mid 20s are usually doing FIRE or living at home to build assets. Couples are also the ones with the most $ because they save together and are in a dual income household..
This is impressive for this young man! Wow! I’m impressed. Living at home 🏡 is a good thing. In America, I’m surprised that so many young people are quick to run away from home, and go rent. It doesn’t make sense. This man is doing well. Kudos to him!
shakhir r Exactly. Some of us aren’t blessed with amazing family situations. We would not be able to prosper at home even if our parents did let us live with them, whatever the reason may be
at 18 i was out of my house lol i went back home a couple times for weeks here and there but my family did not want me at home AT ALL. Amazingly I was able to start my own business and become successful by 35 but I could have saved so much more money and been in a way better financial situation in my 20s. I struggled for years to make ends meet and my family is not poor lol. I had girlfriends that were college graduates 28-30 living at home and had over 100k saved up and perfect credit just by staying home lol.
It's a cultural thing. You're looked down upon as dependent and "failure to launch" if you live with your parents. Besides, nobody wants to take their girlfriend back to their parents' house
@@pozloadescobar But who cares what anyone thinks lol? Dude is 25 with 85 grand in the bank, he’s balling. Half my friends who thought they were “independent” by renting an apartment were just wasting money and jacking off half the time. There are bigger things then just your image IMO.
I’m 21 with around 10k savings. I’m planning to hit the 70-80k mark by the time I’m 25 too. I’m glad I made certain poor financial choices in the past and not later on in life.
Move 30-45 minutes north and get yourself a very nice townhome/home for the same price as an old tiny apartment in Miami. Keep up the hard work my friend!
Caleb Owens not too sure which town homes or area you’re looking at but that’s simply not true. I own 2 personally and they have both gone up in value tremendously
True. If he does online business, there is no need for him to live in the city. He can buy a nice house in the middle of nowhere for a fraction of what it would've cost in the city.
My dad bought a house. Got married, had a kid, and got divorced. Still lived in that house when he met my mom. They got married, had me and my siblings, and lived in that house together for 20+ years. My mom changed it a lot. Built additions and what not. It's a totally different house, without being a different house
Josh S if I met a man who had a great job and also being smart by earning extra money with rental properties I wouldn’t care if he lived with his parents. It’s not like he lives there cause he is lazy/unmotivated or can’t afford it. He seems to have a good head on his shoulders and if he has all the virtuous traits as well, living with parents shouldn’t be such a huge issue IMO.
problem is living at home and dating is feasible..... if your a woman. For men, living at home is a big turn-off for a potential marriage partner. It's indeed one of the great lies about how "men and women are equal"
Living at home and saving is such a smart move, as long as your parents like having you around. I look at it like I do carpooling. Collectively everyone contributes, and everyone benefits. Smart, smart smart!
Im 22, 20k currently, just saving, rice and beans literally, i earn around 30k per year, i save almost all of it, i hope to get financially free by age 45,quit my job.
Were you living at home though ? I knew of someone who had $100k by the time they finished college. Working internships Freshman - Senior year, winter and summer.
I’m still living with my parents at 25, not being able to have the privacy I want, but definitely nice to save up a greater chunk of my salary to invest and grow wealth. A bittersweet blessing indeed
Lol. Im 30 still living at home. Racking up money & no girl problems. Will be moving out next year though since I'm finally ready to do so. He should definitely consider staying at home for at least 2 more years since he's clearly not ready to buy a house if he's having doubts about it & is still too young imo. The market is expensive right now too
@@immaletyoufinish I've been in toxic relationships in my early 20s, I guess that's what I mean by "no girl problems". I don't plan to ever have kids or marry either. Just living the most free life that I can. 👍👍 No kids, no wife, no debt = liberty Lol
@@ROFLgator1 just make sure you don't have any "failed plan" kids out there in the world lol. Their mamas will claim child support on you if they find out you're buying houses
Hes very smart for what he has done by the age of 25. I know some 25 year olds who still live at home but all they do is work for 10-12 bucks an hour and play video games all night.
Because HE DIDNT BUY THE OTHER PROPERTIES 😂😂 and he’s in the comments talking about how he wants to clarify he bought the two rental income properties if that’s the case.... why dafuq would you need advice weather you should buy or rent 😂😂😂
Good for him! I'd saved $40k when I was 23. Sure was memorable financial days! However, mindset never became fixed. Always was a growth mindset! Much success to you brother. God bless!
You know he probably has a good head on his shoulders bc he immediately introduces himself and gives Dave a great one liner as to why he's calling! I hate it when people ramble on for five minutes and not say why they're calling! If you can't clearly state your problem you probably can't clearly find your way out of it by yourself....
I feel like Dave thinks that “white hot” markets are rare. I think they are a large piece of the real estate market and that emerging neighborhoods have a lot of compromises.
Most of the houses in my area are in terrible condition or very expensive. Found a few that were both. Not sure how much house is worth buying when the foundation is crumbling apart.
man im 22 and going back to uni this aug..feel like im left behind 😂 but knowing Dave ramsey at young age and starting to be financially literate makes me way more ahead than my peers working.&.travelling just to look good in social media... i want to be like this guy...single in 20's and saving a lot
I’ll have 5k saved by December this year, and moving back in with my dad. I’m 26 and am finally starting to take my finances more seriously; if I stay home until 30 I predict I can save 50k
I had 85k at 24 then it grew to 160k by 25 because of marijuana stocks lololol worked and paid rent to my parents. Bought a cheap car 12000. Some things ive done cheap: buy your own gym equipment, your own clippers, cut cable and get iptv ($10/month), amazon and online shopping saves a ton too
I’m 24 and I have 50k saved up. I have a daughter and wife. I’m looking forward to buy a house soon, but I believe rn it is not the time to buy a house. It is a sellers market and I say people should be patient and wait.
I salute all of you who were able to become financially stabled. Especially by your early 20s and by 30. You already own 1-2 houses and stacked Portfolio🙌🏿💪🏿. Im 27, $0 saved, live in car, no kids, no wife, full time job. Not trying to make excuses... but it's harder when you don't have that support. I saw my cousin same age as me, just bought a house, $ stacked up and we made similar amount of $ a year. What's the difference? His rent was $150 month, and he had the whole back-end of the house to himself. 🤣 Hopefully, I have it figured out soon. Pray for me.
You’re right it’s not as easy but what you need to do is get a good paying career somehow. I was a broke bum not too long ago but taught myself web development. You need to,find something similar. A high paying career you can get into without a degree. Good luck bro. I learned from udemy and freecodecamp
BunchoStuff I work for the post office now. Started in August. They pay good, and it's a career. Just takes awhile to get things running in the right direction. ThNkfully im not drowning in debt, just car payments. I had $0 debt, but I needed something bigger/more reliable.
Tommy Rose sorry, by good I meant 80k or more. I don’t know how much post office pays or how long that will tale to make annually. Then you can be like your friend and this guy...maybe..sort of
BunchoStuff Take 12 years to hit the max of 63k annually (not including the pension/benefits). Is that bad? People say the post office is a great career to have.
This is literally going to be by the end of year I also run online e commerce and drop ship business along a few online hustles. Staying single is key.
rent isnt throwing money away. its paying money for a place to live, you get something out of it. dont forget that mortgages are double the price of the house... a 500,000 house actually costs you 1 million dollars after paying the bank for 30 years. and thats not including 2 percent property tax every year, upkeep, broken appliances, tornadoes, etc. rent is not throwing money away, it's peace of mind and freedom.
It can very well be the good decision indeed. You pay for the place AND its environment, when plan moves, you pack up and leave. I think it's all about having goals in life and be lucid about it. Once that checked we make the moves in accordance with our expectations and means.
1. are you willing to deal with the problems that come with houses, upkeep, taxes, etc 2. What house are you looking for? 3. If it big enough for a family of three if you plan to stay a while. I personally don't like owning a house. Maybe way down the line but being mobile is way better for me then owning a piece of property.
I’m 22 and I have $60,000 cash not including my car that I paid off for $20,000. It really is thru hardwork and living humbly and keep things simple. I don’t spend money on clothes. I buy clothes once in a while and I always buy the high-quality one. They lasts a long time. Mall shopping is expensive. A shirt might cost only $25 but a couple of them can run to the hundreds very quickly, and when you pay for them using credit card you just kinda forget about them until the monthly statement hit home. I don’t use credit. My credit card is STRICTLY for Gas and Bill Pay. If I had to pay those anyway why not get the 3% cash back. Anything else is cash or debit card. And ofc I pay off the whole balance every 2 week. I don’t hit the bar every night. They are expensive. I can enjoy these places later when I am successful. Not now. I don’t buy new. Cars, electronics, furniture,... slightly used is the way to go. You could get 90% the stuff for 50% the price. Let the stupid one take the depreciation hit first. And pay cash for them. I own 100% everything I have.
Digby Jones true, even then, I wouldn’t buy a new Xiaomi, just because I can buy a used one for much much less. Xiaomi doesn’t hold value so a slightly used one could be very well under $100. As a matter of fact my business phone is a used OnePlus I bought for $50. My main phone is a opened box XS Max I bought for $700 cash, which I can resell for roughly the same amount anytime I want til the next year. I always have the newest phones and techs but I make sure I minimize the depreciation by buying them slightly used by someone who bought them at retail then couldn’t afford it. By my calculation I spend less than $500/year for all the newest electronics.
@@doducduy96 ummmm dude. No phones "hold value". Every single one of them is outclassed by something else every 6 months and accordingly drops in value.
Either dont get married, marry on your financial level or marry up... and then don't cheat on or abuse your freaking wife lol. All these dudes act like divorces just come out of nowhere. Those kinds of divorces are the exception.
I would say live at home until you're financially ready to rent/buy a house or apartment. I'm paying my parents only like $500 rent a month and rather having that money go to them than some random landlord :)
Living with parents is the best thing. I'm living with my parents for as long as possible. I'm currently 20 years old and I make £28k p/y and have £8k in savings. My parents don't ask for rent or anything, so my only expenses is self maintenance, travel, phone bill and that's about it. I plan to move out at 26 and get a mortgage. Until then I'm living under my parents roof for free
Even after paying off a house, property taxes can make it feel like you're still paying rent, especially if you get an expensive house. The only good thing is if you make enough profit selling the house you may be able to get some or all of it back. Depends on the profit and how long you've lived there.
@J Wil It's called being smart. If you can live with your parents so you can build your own financial wealth, then why not? You're not gonna nearly do that as well while you're paying rent.
@J Wil Whatever man. At the end of the day, you're choosing not to take advantage of your resources and not building your wealth while others will. You're a "real" man.
@@staz1366 That's becoming the new normal now. Still living at home with your parents. That's assuming you have a great relationship with your parents. More than likely this other dude has a problem with them. So because he doesn't have them as a resource, everyone else who does live with their parents is wrong.
When people ask me that question the first thing I ask is this. Do you have handyman skills and lawn maintenance skills? If yes then buying a home is best for you. If the answer is no then it's best to rent, so that if anything goes wrong just get the landlord to fix it and the landlord can maintain the lawn. The cost to owning a home goes way up if you have to pay for house maintenance and lawn maintenance regularly (and trust me the average home is always needing something to be fixed as well as the lawn). So if you answer yes to that question look at a 15 year mortgage instead of 30 year and pay additional on principal every chance you get, with the goal of paying off in 10 years at 35 years of age or even sooner. That way it's your house free and clear and your home equity goes through the roof. Good luck!
I lived at my parents home in my 20's - paying room and board. I was able to save a substantial down payment on my own home, paying it off in 11 years.
Oh my goodness! I wouldve loved to be in his financial shoes at 25. Oh the things I would tell my 20 yrs old self.... thing #1: don't let mom leach off of you and keep you broke. But, live and learn - the life I live now is great and hubby and I are working together to get to where we want to go in life financially and otherwise.
I lived home in my 20's and beyond .. had a low to middle class job (delivery truck driver worked 50 hr per week) .. bought 4 new cars in my 20's with cash $$ .. no debts ... bought stocks .. and watched my money grow. I bought a nice 2 bed, 2 bath condo in my early 30's and had enough $$ to put 50 % down. Today I paid off my condo (now worth $400,000 plus) and bought a new townhome 7 years ago, paid off now - $350 k worth... and still have a very nice stock portfolio...My advice if you are 25 .. live at home, work FT , save money- invest .. then buy a property- entry level in a good neighborhood.
@C B stop bragging about it and showboating if you really didnt do it on your own. Its like, i won the lottery and therefore I have bragging rights I'm successful?
Completely disagree. Renting gives you freedom to move. With Owning, you’re stuck there and it’s an illiquid asset. Also with renting, all repairs are paid by the landlord, you don’t have an hoa or property taxes.
I agree with you I see it as an illusion because once the house is paid off everyone thinks it's finally theirs but in reality it's still owned by the bank lol
Nice episode. I also rented for 2.5 years and I don't regret the money. The freedom, the experience of being on my own, this doesn't come free. Later I moved with my soon to be wife, and as Dave said, her place is nice, and I like it, but this is not OUR place (for one thing it's too small). So my advice is don't buy home for life at your 25, or 30 if you are single.
When I was 21 and single I had 20k saved up. Now im almost 23 and after being together with my gf for almost 2 years im at negative 6k (credit card). :( I miss being single.
At 25 I had 9trucks ,10 full-time employees, 3 kids under 3, Left school at 16 worked till I was 21 wasn’t allowed to spend a cent from my pay for 5years... so really I was forced to be a sensible My 21st my dad took me house shopping paid outright - no 300pc bank loans needed Thanks Dad
I wouldn't say renting is throwing away money. I used to think that as well, but think about the return you could make from 50k(maybe 10k a year in real estate?) instead of dumping it into downpayment and closing costs. You also avoid taxes and insurance by renting which could be around 5k a year. Dave is right, you have to analyze the options individually and be patient.
I’m 25 with 11,000 in the bank. Wondering if I should go to college or become an entrepreneur? The cost of college makes me extremely nervous to pursue it
Callers calling in to flex and have their ego stroked causes an eye roll. The kid has obviously been making good moves and money, and he calls Dave for this? He knows exactly what to do.
Dave, please tell us how to buy a house without a real estate agent. Paying a real estate agent to print documents for you is the biggest sunk cost in buying a home. It takes years out of your equity. Tell us how to do it without paying for some real estate agent that hasnt even been to college.
I’m about to do this. Me and my gf need to just have our own place away from mom and dad. They let us live there so we could both save money and I’m 22 now. But the housing market is kinda a mess where I live rn. Not expensive wise but nobody is selling their home. But rent is cheap in my city it’s easy to find 1 beds here for under 800. So that’s about 400 I’m spending to live there...not bad honestly. And I can still save a couple hundred or more a month to get my first 2 family. I think it’s all a matter of opinion and the location you live in.
@@DailyThingsInLife Big deal. Education doesn't *ALWAYS* net you a great paying job, it's just a piece of paper that you completed courses 90% of which were pointless and have no value on anything you'll ever do in your life lol.
@@suffer8318 Everyone knows is useless. But yet, companies require you to have it. So, I don't mind. I got the degree for free, I had scholarships and financial aids
I have rented for 8 years but I also move every 2 years for work to other parts of the country. Sometimes I think I should have bought and become a landlord.
Would this advice apply today’s economic? Because we live in Destin Florida to safe income tax however, hurricane insurance, property tax, flood insurance, HOA, and most importantly mortgage interest is equals about what we are paying in rent or more. I think right now the best is to rent, at least until we can soon get an interest mortgage of 3% or better just keep saving until we can pay the house off no need of mortgage if that is possible
I did my first two years at community college and worked for an employer who reimbursed me for my education to cover everything but my books. I lived with my parents and drove to school everyday. After my two years, I transferred credits to a good University that was reasonably priced and got my undergrad. I managed to graduate with under $7k debt and paid it off quick. It can be done cheap and smart. I’ve never made one rent payment, saved and bought my first home at a good time, sold it after a few years and made good money. Bought my second house and flipped it. Now I’m 30 building my dream home with tons of cash. Only debt is my house. Plan on paying it off by 45 and use my retirement to travel with my wife.
Randy Peppercorn hes at this stage because hes always asking and seeking advice from people that are above him. Im 21 with 40k cash so far but I still watch Ramsey. Road to million.
He can do both! Buy with 25,000 a house and rent it! Pay the payments of the house with the rent. Rent an appartment with your salary and leave the rest of the money invested in Mutual Funds! Keep saving!
Work with a trusted real estate agent when you are ready to buy: bit.ly/3sZJYtb
I’m 25 years old and have about $85,000 dollars in debt... Should I rent or buy a cardboard box?
85k saved up.
Bri Bri HAHAHA
Rent for life
You can get cardboard boxes free.
You can take the street corner on 26th street and I'll take the one on 27th
Of course he single how else would he have saved 85k by 25 😂👌
By getting a good paying job at a young age. No need to come up with excuses 😏
Andres Jimenez whose coming up with excuses ? More like a joke
I bought my first house by 21 and have a 6 figure portfolio before turning 30 and I had many girlfriends in between. But I know I would have a lot more money if I didn’t 😅
Andres Jimenez it was a joke 🤨
@@kingX777 I realize that now 😂 Although many people will see OPs comment and conclude that's the reason for their shortcomings.
My thoughts exactly 🤣🤣🤣🤣
Excellent work. Living at home with parents in you early 20s, if possible, is a great way to set yourself up financially.
anastasiabeaverhaus9 yup and they actually like you too
Never understood why people clown folks for living with their parents.
@@reeldeal2149 women are the ones that really put a stigma on men living with tgeir parents at any point past their teens.
Just here to comment, ok, don't want any trouble that's what I'm saying bro out here in South Florida houses are overpriced. Might as well save up as much as I can and move further up north when I'm ready🤷🏾♂️
Thats what im doing. Im 21 and driving CDL trucks local while saving before I move out
Disregard women, acquire currency.
Cyphlix I need to apply these words in my life 😭
And chase the bag
Cyphlix Cryptocurrency more specifically
Unless that woman of yours has a well-paying job of her own
Not if you acquire a sugar momma.
I’m on the same boat. 25, live with my parents and make 55k a year and have no more student loans, car payments or any stupid, expensive hobbies. I love adding 90% of my paycheck to my savings every other Friday. 60k saved and hope to have 100k by next Spring when I move out.
How are you doing bro I hope everything worked out for you
I once had 90k in the bank. No joke. Then I bought a house and now I'm broke. True story bro.
Lol same here
Tyclone buying a house is a lost either way, if u plan to it off u will always end up losing more money than the house is worth. This is just how it works. Maybe u can try to flip the home and get your money back
@@Sequel7 - If I sold it now I would gain about 65k profit. Home values in my area have gone way up in the 3 or so years after I bought it so I kind of got lucky I guess. But I'm hanging on to my house for awhile. (Should continue to increase in value) but until its paid off I pretty much have no money outside of it.
Bruh tell me about it .. bought a house now I'm 20k in debt after fixing and paying stuff to put in it
Sell it
This is just a flex. He knew the answer
Modern Plays Games that Dave Ramsey flex 💪
He deserves the flex!
Zap Brannigan especially when when mommy and daddy house already paid for and they make a crazy income as well 🤣🤷🏽♂️
Loso Way 450 how's that a problem
another rich kid handed a 90k salary and living with mommy and daddy.
nothing to see here.
I love how he said that's he not interested in dating right now. Smart young man.
I agree! I’m 40 y/o and still not interested in looking for anyone. Have about $600k saved and just now looking to buy a house. Woo-whoooo !!!
@@anthonyn.3575 congratulations! That's so amazing.
@@anthonyn.3575 sad
@@ladhkay not to him lol
I’m happy as heck! Go where I want, buy what I want ... no ‘ball n chain” attached !!!
Dave Ramsey's insights have been a game-changer for me! His practical approach to financial management has empowered me to take control of my money and work towards a debt-free life. The Total Money Makeover is my go-to guide, and I appreciate how he breaks down complex concepts into easy-to-follow steps.
I'm 25 with $80k in debt
Name sounds about right
Stupid
@@dommy114 Idiot its prob school.. education
@@j.l3206 shouldn't go $80k in debt for school. That's stupid.
@@dommy114 No but thats for some people that needs the education for the work they wanna do etc. Stop being so stupid and use the brain you have.
Nobody:
Dave Ramsey: Better then I deserve
*Caller: hi Dave how are ya?
Its literally a direct answer to a very specific question. It’s not like he goes around screaming it. Sorry I’m just really tired of this over done meme. Especially when they’re like
Literally no one:
Literally not a soul on earth:
Not a single organism in the multiverse:
Not even god:
Like btich we get it🙄
And Yes I am this fun at parties.
@@leilanidru7506 Agree with you 100%
That should be his slogan.. Dave Ramsey shirts... Better than I deserve....
Leilani Dru you must be fun at parties 🎉
Than*
I’m 23 and just graduated college with zero debt and great job prospects. I felt I was doing good, but this guys is killing it!
You are killing it as well! Keep being responsible. It. It PAYS
Weird flex but ok
U ARE Killing it as well! Perhaps you lived on your own, not with ur parents.
You are too, you'll be where he is ... Probably by now haha
Dude most people will do anything just to get out of debt, some choose the easy way out and take their own life. Debt-free is a life most of us just dream of.
Just completed baby step 1 today. Crazy how having just $1k in savings could bring a sense of security in your finances. Good on that guy for establishing himself at only 25 yrs old, I am 28 and have a long way to go :(
Jae H keep your head up and keep going
You'll get there :)
Everybody moves at a different pace! At least you’re getting started.
half the country can't cover a $500 emergency. You're doing better than you think Jae!
Good job, continue
And old people say “millineals are lazy” 😂😂😂
It will never end. Every generation thinks the next generation is lazy. Socrates thought the youth of today were lazy
Also this guy is what you would definitely classify as an HUGE outlier. Most people in America regardless of generation don’t even have a sufficient savings account. Or a retirement fund. Much less having 80 grand in the bank by 25. So whether millennials are lazy or not, he’s definitely not the average American and most definitely not the average millennial
a lot of them are... but they shouldn't all fit under that stereotype!
@@1123-e6n My friends and I are all millenials ages 28-33 and absolutely none of us are lazy. If a lot of millennials are lazy, I would know at least one that doesn't work hard.. It's a lie. On the other hand, I can think of at least two 40 something year olds who live at home with momma and don't want to work.
Anthony Smith old people had it easy compared to us
I’m 25 with $20,000 saved. Here is the problem: I live in Los Angeles
RIP
Leave Commiefornia ASAP and be happy somewhere else
Id suggest to move somewhere else cheaper unless you got a decent plan currently.
@@moneyboy1237 that'll fetch you $10k weekly trading crypto!
Haha you n me brotha!
Me: How did he do that well for himself?
Dave: Are you seeing a young lady at this time?
Jason: No, I'm single.
Me: A-HA!
😂😂😂😂 true!
He was also living at home
I'm a 25 y/o single female with 100k non property/car net worth (between retirement accounts, emergency fund, and cash/investments) and own a condo (:( 15 year fixed mortgage, working on paying it off early) so no, that has nothing to do with it.
2 incomes help fyi. I have a friend - lives at home with parents, has 250k cash (3 income home) they rent, and his savings build.
Another friend (couple) one works with me and his wife works as a nanny - they have ~$300k+ in assets. 25 and 26 y/o) What matters is WHO you surround yourself with and what their priorities are.
Edit: I'm not doing FIRE - the couple with 300k+ are ... My financially stable friends who are $$$ in mid 20s are usually doing FIRE or living at home to build assets. Couples are also the ones with the most $ because they save together and are in a dual income household..
Stop acting like yall spoil every woman you're with
tldr: triggered.
This is impressive for this young man! Wow! I’m impressed. Living at home 🏡 is a good thing. In America, I’m surprised that so many young people are quick to run away from home, and go rent. It doesn’t make sense. This man is doing well. Kudos to him!
@shakhir r True. Some have at least one emotionally/verbally abusive parent who always yells and screams....not a good situation.
shakhir r
Exactly. Some of us aren’t blessed with amazing family situations. We would not be able to prosper at home even if our parents did let us live with them, whatever the reason may be
at 18 i was out of my house lol i went back home a couple times for weeks here and there but my family did not want me at home AT ALL. Amazingly I was able to start my own business and become successful by 35 but I could have saved so much more money and been in a way better financial situation in my 20s. I struggled for years to make ends meet and my family is not poor lol. I had girlfriends that were college graduates 28-30 living at home and had over 100k saved up and perfect credit just by staying home lol.
It's a cultural thing. You're looked down upon as dependent and "failure to launch" if you live with your parents. Besides, nobody wants to take their girlfriend back to their parents' house
@@pozloadescobar But who cares what anyone thinks lol? Dude is 25 with 85 grand in the bank, he’s balling. Half my friends who thought they were “independent” by renting an apartment were just wasting money and jacking off half the time. There are bigger things then just your image IMO.
I’m 21 with around 10k savings. I’m planning to hit the 70-80k mark by the time I’m 25 too. I’m glad I made certain poor financial choices in the past and not later on in life.
Hey man. I had $0 until i turned 23. Now i just recently turned 26 and my net worth is over 70K. Keep grinding and never do what the masses do.
Zaid Rudy in the past lol. You are only 21 not 40
Short Tesla
Move 30-45 minutes north and get yourself a very nice townhome/home for the same price as an old tiny apartment in Miami. Keep up the hard work my friend!
Raiyan Raja I think he is set on the location.
Townhomes are terrible investments they go down in price unlike homes unless there’s a crash
Caleb Owens not too sure which town homes or area you’re looking at but that’s simply not true. I own 2 personally and they have both gone up in value tremendously
Just being in Lauderdale will help him get used to living away from home. It's a good idea.
True. If he does online business, there is no need for him to live in the city. He can buy a nice house in the middle of nowhere for a fraction of what it would've cost in the city.
My dad bought a house. Got married, had a kid, and got divorced. Still lived in that house when he met my mom. They got married, had me and my siblings, and lived in that house together for 20+ years. My mom changed it a lot. Built additions and what not. It's a totally different house, without being a different house
“I don’t want you renting for 6 years...”
Here’s me. Renting for 8 😂
Is it 11 now?
Stay home. Save more. Buy, rent out and profit. Move out when married. Why give your money to landlords.
@Josh S he'll find someone whether living at home or not. Sounds like a smart dude with lots of cash money.
Josh S if I met a man who had a great job and also being smart by earning extra money with rental properties I wouldn’t care if he lived with his parents. It’s not like he lives there cause he is lazy/unmotivated or can’t afford it. He seems to have a good head on his shoulders and if he has all the virtuous traits as well, living with parents shouldn’t be such a huge issue IMO.
problem is living at home and dating is feasible..... if your a woman. For men, living at home is a big turn-off for a potential marriage partner. It's indeed one of the great lies about how "men and women are equal"
Why are you suggesting marriage? There is no benefit in it.
@@digbyjones4203 then those aint "potential" partners. Unless she is willing to go dutch on everything in the name of equality.
Living at home and saving is such a smart move, as long as your parents like having you around. I look at it like I do carpooling. Collectively everyone contributes, and everyone benefits. Smart, smart smart!
Wow. This kid is KILLING IT, I didn’t have $80K saved until I was 34-35.
Guillermo Alto that will be me.. probably until I’m 30-35 I won’t have 20k :/
I'm 20 with $25k
Im 22, 20k currently, just saving, rice and beans literally, i earn around 30k per year, i save almost all of it, i hope to get financially free by age 45,quit my job.
31 with 665K checking in. Get good
Were you living at home though ? I knew of someone who had $100k by the time they finished college. Working internships Freshman - Senior year, winter and summer.
Key Point. He does have Passive income averaging around +1k a month.
I'm so proud of this young man and I don't even know him. He's definitely on the right financial track. Good for him🙌🏽
Beauty For Ashes he lived with his parents ... no rent no bills
I’m still living with my parents at 25, not being able to have the privacy I want, but definitely nice to save up a greater chunk of my salary to invest and grow wealth. A bittersweet blessing indeed
Listen here, my fellow men.
You will lose money chasing women.
You will gain women chasing money.
Words to live by.
Wow. Great point 👍
Lampshade nobody wants gold diggers though
@@oswaldofigueroa529 Then don't let them dig.
Wreckanize you’re smart, need a mentor like you
yessir
Makes 90k a year and is questioning if he can afford a home. My god big cities are not worth the prices
Funny though bc you leave the city and your salary tanks
@@stevebean1234 also keep in mind that cost of living is less else where.
Honestly if I was him I'd continue to live with his parents. 😂😂😂
Lol. Im 30 still living at home. Racking up money & no girl problems. Will be moving out next year though since I'm finally ready to do so.
He should definitely consider staying at home for at least 2 more years since he's clearly not ready to buy a house if he's having doubts about it & is still too young imo. The market is expensive right now too
ROFLgator lol no girl problems, more like scared of uncharted territories
@@immaletyoufinish I've been in toxic relationships in my early 20s, I guess that's what I mean by "no girl problems". I don't plan to ever have kids or marry either. Just living the most free life that I can. 👍👍
No kids, no wife, no debt = liberty
Lol
Honestly and by a condo cash. Then be making $90k with no mortgage.
@@ROFLgator1 just make sure you don't have any "failed plan" kids out there in the world lol. Their mamas will claim child support on you if they find out you're buying houses
Hes very smart for what he has done by the age of 25. I know some 25 year olds who still live at home but all they do is work for 10-12 bucks an hour and play video games all night.
lol this guy has rental properties and is asking if he should rent or buy.... come on
Mark Balliana show off I guess
Exactly, lol.
I was thinking the same thing LOL
Because HE DIDNT BUY THE OTHER PROPERTIES 😂😂 and he’s in the comments talking about how he wants to clarify he bought the two rental income properties if that’s the case.... why dafuq would you need advice weather you should buy or rent 😂😂😂
my in laws rent a mansion for themselves but own several properties that they generate rental income from.
Good for him! I'd saved $40k when I was 23. Sure was memorable financial days! However, mindset never became fixed. Always was a growth mindset! Much success to you brother. God bless!
You know he probably has a good head on his shoulders bc he immediately introduces himself and gives Dave a great one liner as to why he's calling!
I hate it when people ramble on for five minutes and not say why they're calling! If you can't clearly state your problem you probably can't clearly find your way out of it by yourself....
Dave: “I don’t want you to rent for 6 years.”
Me: *renting for the past 6 years* 😅
I feel like Dave thinks that “white hot” markets are rare. I think they are a large piece of the real estate market and that emerging neighborhoods have a lot of compromises.
TritoneTrickster yup. getting a 15 year mortgage down to 25% of take home is hard : (
Most of the houses in my area are in terrible condition or very expensive. Found a few that were both. Not sure how much house is worth buying when the foundation is crumbling apart.
i've been renting for 15 years lol
I know some folks who keep renting and have spent half million on rent. Now they are saying I’m thinking about saving up for a house.
man im 22 and going back to uni this aug..feel like im left behind 😂 but knowing Dave ramsey at young age and starting to be financially literate makes me way more ahead than my peers working.&.travelling just to look good in social media...
i want to be like this guy...single in 20's and saving a lot
Uni is a waste of time
Your journey is made special for you don't worry about where others are.
@@watermelonhead6525 not when you're going to become a doctor,lawyer,engineer,accountant..etc. and im a pre-med.
@@jellybeans9283 thank youu
@@ej_l2525 yeah for sure. Anything other tha science, math, technology, law is useless and a waste of time
I’ll have 5k saved by December this year, and moving back in with my dad. I’m 26 and am finally starting to take my finances more seriously; if I stay home until 30 I predict I can save 50k
I'm 27 and starting to take it seriously too. With about 40 years to retirement we have enough time to get ourselves in order boys.
How's it going so far CJ?
@J Wil you sound jealous he has parents he can “sponge “ off of
19 years old. I turn 20 in 3 months and I will have at least 10k. I wanted to start off my 20’s with 10k. It’s not allot but it’s a start
Good for this kid. I thought I was doing good at 24 this guy blows me out of the water.
Look at it as motivation that why i watch this show , and get some great perspective
How much do you have in the bank, poor guy?
Marc Archibald Meanwhile other 28 year olds have $80k in debt with a criminal history.
I had 85k at 24 then it grew to 160k by 25 because of marijuana stocks lololol worked and paid rent to my parents. Bought a cheap car 12000. Some things ive done cheap: buy your own gym equipment, your own clippers, cut cable and get iptv ($10/month), amazon and online shopping saves a ton too
kingofgames93 New Warren Buffet ladies and gentlemen
@@severus8443 that's trading son not investing
kingofgames93 prices online up and with taxes. Not as cheap anymore
12000 is not a cheap car LOL
I’m 24 and I have 50k saved up. I have a daughter and wife. I’m looking forward to buy a house soon, but I believe rn it is not the time to buy a house. It is a sellers market and I say people should be patient and wait.
I salute all of you who were able to become financially stabled. Especially by your early 20s and by 30. You already own 1-2 houses and stacked Portfolio🙌🏿💪🏿.
Im 27, $0 saved, live in car, no kids, no wife, full time job.
Not trying to make excuses... but it's harder when you don't have that support. I saw my cousin same age as me, just bought a house, $ stacked up and we made similar amount of $ a year.
What's the difference? His rent was $150 month, and he had the whole back-end of the house to himself. 🤣
Hopefully, I have it figured out soon.
Pray for me.
Tommy Rose don’t compare yourself to your cousin. focus on you and your time will come. cheers !
You’re right it’s not as easy but what you need to do is get a good paying career somehow. I was a broke bum not too long ago but taught myself web development. You need to,find something similar. A high paying career you can get into without a degree. Good luck bro.
I learned from udemy and freecodecamp
BunchoStuff I work for the post office now. Started in August. They pay good, and it's a career. Just takes awhile to get things running in the right direction.
ThNkfully im not drowning in debt, just car payments. I had $0 debt, but I needed something bigger/more reliable.
Tommy Rose sorry, by good I meant 80k or more. I don’t know how much post office pays or how long that will tale to make annually. Then you can be like your friend and this guy...maybe..sort of
BunchoStuff Take 12 years to hit the max of 63k annually (not including the pension/benefits). Is that bad?
People say the post office is a great career to have.
This is literally going to be by the end of year I also run online e commerce and drop ship business along a few online hustles. Staying single is key.
Staying single might be key or you can just find yourself a grown woman who has her own and not a little girl who needs yours. 👍
rent isnt throwing money away. its paying money for a place to live, you get something out of it. dont forget that mortgages are double the price of the house... a 500,000 house actually costs you 1 million dollars after paying the bank for 30 years. and thats not including 2 percent property tax every year, upkeep, broken appliances, tornadoes, etc. rent is not throwing money away, it's peace of mind and freedom.
It can very well be the good decision indeed. You pay for the place AND its environment, when plan moves, you pack up and leave. I think it's all about having goals in life and be lucid about it.
Once that checked we make the moves in accordance with our expectations and means.
Or you can just built your own eco friendly home in the woods
1. are you willing to deal with the problems that come with houses, upkeep, taxes, etc
2. What house are you looking for?
3. If it big enough for a family of three if you plan to stay a while.
I personally don't like owning a house. Maybe way down the line but being mobile is way better for me then owning a piece of property.
I’m 22 and I have $60,000 cash not including my car that I paid off for $20,000. It really is thru hardwork and living humbly and keep things simple.
I don’t spend money on clothes. I buy clothes once in a while and I always buy the high-quality one. They lasts a long time. Mall shopping is expensive. A shirt might cost only $25 but a couple of them can run to the hundreds very quickly, and when you pay for them using credit card you just kinda forget about them until the monthly statement hit home.
I don’t use credit. My credit card is STRICTLY for Gas and Bill Pay. If I had to pay those anyway why not get the 3% cash back. Anything else is cash or debit card. And ofc I pay off the whole balance every 2 week.
I don’t hit the bar every night. They are expensive. I can enjoy these places later when I am successful. Not now.
I don’t buy new. Cars, electronics, furniture,... slightly used is the way to go. You could get 90% the stuff for 50% the price. Let the stupid one take the depreciation hit first. And pay cash for them. I own 100% everything I have.
dude you can buy a NEW phone.... a decent smartphone from Xiaomi will only set you back $200 (Redmi Note 7 is the bomb)
Digby Jones true, even then, I wouldn’t buy a new Xiaomi, just because I can buy a used one for much much less. Xiaomi doesn’t hold value so a slightly used one could be very well under $100. As a matter of fact my business phone is a used OnePlus I bought for $50. My main phone is a opened box XS Max I bought for $700 cash, which I can resell for roughly the same amount anytime I want til the next year. I always have the newest phones and techs but I make sure I minimize the depreciation by buying them slightly used by someone who bought them at retail then couldn’t afford it. By my calculation I spend less than $500/year for all the newest electronics.
@@doducduy96 ummmm dude. No phones "hold value". Every single one of them is outclassed by something else every 6 months and accordingly drops in value.
@@digbyjones4203 yes but theres a poor people used phone market
How you feel now ?
Staying single is the best way to get rich.
Learning that the hard way
No
I wouldn't say that me my wife and a couple of the guys she met at bars are doing great
Why? My boyfriend and I split bills so we are both saving half of the rent each month we’d have to pay if we were single lol
@@Cha4k 85k is rich?
Your 25 keep saving and investing until 30 then buy a home. Make your future wife get a prenuptial agreement.
That is already one of Ramsey's videos! He told the woman he would punch the husband for bringing that up!
Prenups aren’t holding up these days. Best to get a prenup and periodic postnups
Marry a woman with a similar income.
Why just not get married??? Prenups can be thrown out.
Either dont get married, marry on your financial level or marry up... and then don't cheat on or abuse your freaking wife lol. All these dudes act like divorces just come out of nowhere. Those kinds of divorces are the exception.
This guy sounds like the type of dude who will own a city one day.
Nothin wrong with that if he wants to own a city he better gets the city🔥
@DW DW He said it was photography business
“No, I’m single”,
This is a wise young man. He’ll go far!
I would say live at home until you're financially ready to rent/buy a house or apartment. I'm paying my parents only like $500 rent a month and rather having that money go to them than some random landlord :)
Living with parents is the best thing. I'm living with my parents for as long as possible. I'm currently 20 years old and I make £28k p/y and have £8k in savings. My parents don't ask for rent or anything, so my only expenses is self maintenance, travel, phone bill and that's about it. I plan to move out at 26 and get a mortgage. Until then I'm living under my parents roof for free
Even after paying off a house, property taxes can make it feel like you're still paying rent, especially if you get an expensive house. The only good thing is if you make enough profit selling the house you may be able to get some or all of it back. Depends on the profit and how long you've lived there.
Don’t listen to what anyone says. Stay with your parents and save even more
@J Wil It's called being smart. If you can live with your parents so you can build your own financial wealth, then why not? You're not gonna nearly do that as well while you're paying rent.
@J Wil Whatever man. At the end of the day, you're choosing not to take advantage of your resources and not building your wealth while others will. You're a "real" man.
@@staz1366 That's becoming the new normal now. Still living at home with your parents. That's assuming you have a great relationship with your parents. More than likely this other dude has a problem with them. So because he doesn't have them as a resource, everyone else who does live with their parents is wrong.
When people ask me that question the first thing I ask is this. Do you have handyman skills and lawn maintenance skills? If yes then buying a home is best for you. If the answer is no then it's best to rent, so that if anything goes wrong just get the landlord to fix it and the landlord can maintain the lawn. The cost to owning a home goes way up if you have to pay for house maintenance and lawn maintenance regularly (and trust me the average home is always needing something to be fixed as well as the lawn). So if you answer yes to that question look at a 15 year mortgage instead of 30 year and pay additional on principal every chance you get, with the goal of paying off in 10 years at 35 years of age or even sooner. That way it's your house free and clear and your home equity goes through the roof. Good luck!
I lived at my parents home in my 20's - paying room and board. I was able to save a substantial down payment on my own home, paying it off in 11 years.
bob marker that’s boss
As soon as I saw I’m 25 with $80,000 saved, I automatically thought buy. Buy buy buy. Build your assets.
Oh my goodness! I wouldve loved to be in his financial shoes at 25. Oh the things I would tell my 20 yrs old self.... thing #1: don't let mom leach off of you and keep you broke. But, live and learn - the life I live now is great and hubby and I are working together to get to where we want to go in life financially and otherwise.
Everyone knows what to do, but not everyone does what they know.. Remember long lasting results come from steady and consistently applied effort.
And sacrifice
I lived home in my 20's and beyond .. had a low to middle class job (delivery truck driver worked 50 hr per week) .. bought 4 new cars in my 20's with cash $$ .. no debts ... bought stocks .. and watched my money grow. I bought a nice 2 bed, 2 bath condo in my early 30's and had enough $$ to put 50 % down. Today I paid off my condo (now worth $400,000 plus) and bought a new townhome 7 years ago, paid off now - $350 k worth... and still have a very nice stock portfolio...My advice if you are 25 .. live at home, work FT , save money- invest .. then buy a property- entry level in a good neighborhood.
Rent where you live and buy what you can rent out. Cash Flow baby.
This boy can rent forever, as long as he keeps buying rental properties that are paid off he will do very well!!!
As long as he has good renters. One bad deal can bankrupt a savvy landlord.
Heide Knight Indeed. Destroy your property while refusing to leave.
Waiting until a correction happens! 20% means 100k savings here in So cal.
Hopefully it happens soon.
This comment didn't age well. Should've bought, property values will have gone up by 20% in CA pretty soon at this point compared with 2019/2020 haha.
If he keeps this up, he'll be able to live and give like no one else! I want to teach more people to be like him 😀👍
Silver spoon is nice.
@C B stop bragging about it and showboating if you really didnt do it on your own. Its like, i won the lottery and therefore I have bragging rights I'm successful?
Lance kaminsky thank you Lance! My goal is to help people like you 😀
Chris Invests - Personal Finance Videos live at home with parents
Completely disagree. Renting gives you freedom to move. With Owning, you’re stuck there and it’s an illiquid asset. Also with renting, all repairs are paid by the landlord, you don’t have an hoa or property taxes.
Brian Lobman they’re not listening to you. The brainwash is so deep, common sense is depleted completely smh!
Brian Lobman hOA?
Well he’s not going to be moving around I assume
I agree with you I see it as an illusion because once the house is paid off everyone thinks it's finally theirs but in reality it's still owned by the bank lol
Dont listen to the blank account Russian bots!
Nice episode. I also rented for 2.5 years and I don't regret the money. The freedom, the experience of being on my own, this doesn't come free. Later I moved with my soon to be wife, and as Dave said, her place is nice, and I like it, but this is not OUR place (for one thing it's too small). So my advice is don't buy home for life at your 25, or 30 if you are single.
this dude is killing it
He can absolutely afford a home with making even less than 90,000. He’s well off at 25 years old and can put down a good down payment
When I was 21 and single I had 20k saved up. Now im almost 23 and after being together with my gf for almost 2 years im at negative 6k (credit card). :( I miss being single.
What happened?
Caden got a gold digger 😂
Ps : just joking
She’s not your girlfriend, she’s your enemy.
Liar
That's insanely bad. Don't blame your girlfriend
At 25 I had 9trucks ,10 full-time employees, 3 kids under 3,
Left school at 16 worked till I was 21 wasn’t allowed to spend a cent from my pay for 5years... so really I was forced to be a sensible
My 21st my dad took me house shopping paid outright - no 300pc bank loans needed
Thanks Dad
I wouldn't say renting is throwing away money. I used to think that as well, but think about the return you could make from 50k(maybe 10k a year in real estate?) instead of dumping it into downpayment and closing costs. You also avoid taxes and insurance by renting which could be around 5k a year. Dave is right, you have to analyze the options individually and be patient.
Why is he asking this question? He’s already investing and has 2 streams on income. Extra humbleness here.
It's a bit of a humblebrag. His mind was made up on buying before he called
I’m 25 with 11,000 in the bank. Wondering if I should go to college or become an entrepreneur? The cost of college makes me extremely nervous to pursue it
Best investment is in yourself
Callers calling in to flex and have their ego stroked causes an eye roll. The kid has obviously been making good moves and money, and he calls Dave for this? He knows exactly what to do.
Yea the humble bragging is starting to get old on here....
My man's killing it
I'm 25 and I have 70K in savings. The problem is that I don't what to do... my rent is $1600 on Seattle nothing special. Any advice?
since i can't find a girlfriend. i'll just focus on getting rich.
ayee might as well do that too
Getting rich will help you find a girlfriend.
Jay Strickland fax but theyll milk u out most of them😫
It’s interesting that all responsible, financially stable, ambitious young people like myself are single.
I’m 21 and saved $80,000 and live at home. This video is great thank you!
Same but 20 and 70k
Same but 12 and 65k
Same but 9 with 67k.
Crimson7 I’m finding that hard to believe bro
Tanaka Bere Lol I’m not joking my guy
I don't know why I love when Dave decides it's time to hang up on the caller but continue talking like they're on the line.
he just mutes them, i think the caller can still hear him
Dave, please tell us how to buy a house without a real estate agent.
Paying a real estate agent to print documents for you is the biggest
sunk cost in buying a home. It takes years out of your equity. Tell us
how to do it without paying for some real estate agent that hasnt even
been to college.
I would rent and invest. You can take risk at that age in the market
I’m about to do this. Me and my gf need to just have our own place away from mom and dad. They let us live there so we could both save money and I’m 22 now. But the housing market is kinda a mess where I live rn. Not expensive wise but nobody is selling their home. But rent is cheap in my city it’s easy to find 1 beds here for under 800. So that’s about 400 I’m spending to live there...not bad honestly. And I can still save a couple hundred or more a month to get my first 2 family. I think it’s all a matter of opinion and the location you live in.
ANYONE CAN DO THAT...when you’ve never paid ANY bills and live at home
That's me XD
I am 21 and still live with my parents. Graduating next year with my bachelor
@@DailyThingsInLife Big deal. Education doesn't *ALWAYS* net you a great paying job, it's just a piece of paper that you completed courses 90% of which were pointless and have no value on anything you'll ever do in your life lol.
@@suffer8318 Everyone knows is useless. But yet, companies require you to have it. So, I don't mind. I got the degree for free, I had scholarships and financial aids
E X what about me
I have rented for 8 years but I also move every 2 years for work to other parts of the country. Sometimes I think I should have bought and become a landlord.
what career? sounds cool to work to other parts of the country
80k ain’t nothing in California. The tenant improvements on my new house just cost me 93k.
you shouldn't ask a caller about a girlfriend because it's a highly personal question about one's preference and, a question asked in a public forum.
In Los Angeles or Miami, rent a house,
In Detroit, buy a house!!!
Why?
Im 25 and have 80k...
*DEBT*
Whoa.....how?
Silver77cyn i have question i dont understands college so u get a debt in college if cant pay the student loans u borrowed??
Nothing unusual
So this guy owns rental properties and he’s asking if he should buy or rent???
I don't know the cost of living there but i feel like he already knew his answer before calling in.
Would this advice apply today’s economic? Because we live in Destin Florida to safe income tax however, hurricane insurance, property tax, flood insurance, HOA, and most importantly mortgage interest is equals about what we are paying in rent or more. I think right now the best is to rent, at least until we can soon get an interest mortgage of 3% or better just keep saving until we can pay the house off no need of mortgage if that is possible
I feel like Dave ONLY measures success with how financially comfortable you are, I know money is HUGE but not everything
I really cant stand how Dave Ramsey interrupts the callers every single time they try to talk.
Alexa Wermuth Well it’s a radio show not a conversation with your friend in your living room. He can’t just let people ramble and waste time.
Before I watch the video... "Buy".
Hahah exactly!
I did my first two years at community college and worked for an employer who reimbursed me for my education to cover everything but my books. I lived with my parents and drove to school everyday. After my two years, I transferred credits to a good University that was reasonably priced and got my undergrad. I managed to graduate with under $7k debt and paid it off quick. It can be done cheap and smart. I’ve never made one rent payment, saved and bought my first home at a good time, sold it after a few years and made good money. Bought my second house and flipped it. Now I’m 30 building my dream home with tons of cash. Only debt is my house. Plan on paying it off by 45 and use my retirement to travel with my wife.
Wow this guy is the perfect example of the stars aligning and making the right decisions.
David: better than what I deserved
Jason : awesome
😂
Wow. I don't think I had made 80K in total by age 25.
80k AND two fully-paid-for rental properties, yet he needs to call a radio show for advice on whether to rent or buy for himself. Hm.
Randy Peppercorn hes at this stage because hes always asking and seeking advice from people that are above him. Im 21 with 40k cash so far but I still watch Ramsey. Road to million.
Seem U my man! It looks like I will have $40k in the bank by age 21 too
I’m 26 and got 72k.... but I got a killer car payment.. Ramsey would be mad at me lol
Been there, done that, will never do it again. I lost time that I could have been investing and that's the worst thing you can lose at 26.
What car?
At least have a cool car if you’re going to make high payments
its A Porsche
Joe V how much are you paying a month?
He can do both! Buy with 25,000 a house and rent it! Pay the payments of the house with the rent. Rent an appartment with your salary and leave the rest of the money invested in Mutual Funds! Keep saving!