What's The Best Way To Save For A House?

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[reesercliff]

$2000 rent in Arkansas? We truly are in the end times

[MNSkolGirl]

Just opened a HYSA today to save towards house one day. I’m excited to save and watch this grow!

[lot]

Inflation is killing the middle class.

[adamseidel]

Getting interest rates back into a historically normal, healthy range so that, among other things, traditional savings accounts are actually paying 4+% again is such a game changer for people saving for a house, or keeping their emergency fund, or living in retirement, etc

[Lourd-Bab]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274, 800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[mkirules]

If you aren't buying for a little while, then 6-month federal bonds are paying 5.3%

[haley]

Such a click bait title. This person makes 100k and is debt free? With 45k already saved??? And you wanna say you’re teaching him how to save for a house? Such BS.

[shumatsuopost]

Interesting video, providing valuable information on how to save for a house. The different strategies discussed can help viewers choose what works best for their financial goals and situation. It's always helpful to understand the options and make informed decisions.

[MortgageMasteryTheater]

If the right place comes up, it's extremely valuable to be able to move quickly, so having that money already in your savings account is only going to help!

[JosephDillman]

I wish $2000 rent was "premium" in CT.

[DillDoughu]

I agree, put it in HYSA. Mine is currently giving 4.35% APY. Can’t beat that! If it drops anytime soon then I’ll look into a CD.

[codys]

Sounds like Kirk Cousins. At one point was driving a gmc conversion van he bought from his grandma for 5k and wouls drive it to the field regularly

[nathanieljaymedonahue]

Title should be "Where to park your money as you save for a house" --- On the plus side, I learned that if I ever have $36M laying around I can rest assured DR won't be mad at me, yay.

[jasoncoreas]

For those wondering, I have it on good authority that the player Dave is referring to with the used Van is Kirk Cousins.

[desco]

I was able to buy my house listening to him :-))

[Jls]

I would love advice from Dave for Muslims. We are not allowed to participate in giving interest or receiving interest. So that means no traditional mortgage and we can’t put our money in saving accounts with interest. It would be so helpful to get some advice for people in this situation who don’t eat interest nor pay interest.

[Curlz]

Sometimes I hate listening to stuff like this. How do you have 45k in the bank?? My bills are so high I've never had over 2k!

[jimmymcgill]

I would be afraid to have 36m in that bank. If something happens, the bank is only responsible for 250k.
If I had that much, I would need to invest it, or work for the rest of my life.

[AllyGh]

Ok I'm 22, with 60k in savings. Working two jobs around 45k a year, rents 1, 200. I'm putting away 2k in savings a month. The average house right now is 450k normal 3bed 2bath, new houses are 700k, 50 year old moble homes are about 250k. WHAT DO I DO. Work two jobs till I'm 50 to own 70 year old moble home.

[dpaper]

Sounds like the caller is working as a Technologist in the Cath Lab/EP lab/ or CVOR. Good for you!!! Regular OR doesn't pay that much to begin with so I know it's not the regular OR and an OR Nurse makes more than that, well Arkansas may be cheap so he may also be an RN nurse. Team Cardiovascular Technologist here!!!! I love the on-call 💰.