'Do NOT Buy A Home!' Money Expert Reveals What To Do INSTEAD!

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Timestamps :
00:00:00 - Intro
00:03:11 - Is a house a good investment?
00:05:44 - Cash-only investment property?
00:08:41 - Renting vs living in a duplex
00:11:56 - Risk tolerance when investing
00:12:38 - Thoughts on Bitcoin
00:18:38 - House values haven’t increased
00:20:16 - Is more income the solution?
00:24:30 - Smart budgeting choices
00:26:13 - Renting rooms for extra cash
00:28:28 - Age limit to live at home?
00:32:03 - The $5 coffee debate
00:35:13 - Improve your finances today
00:36:29 - Elon Musk, national debt, and government efficiency
00:45:28 - Making $1 million effectively
00:57:11 - Biggest wealth killers
01:02:08 - Balancing tough love with callers
01:04:49 - Callers who actually change
01:06:10 - Renting vs buying
01:07:13 - Election impact on finances
01:08:29 - Government responsibilities
01:10:54 - Should there be a minimum wage?
01:14:27 - Flat tax rate debate
01:20:19 - Least compelling financial takes
01:25:26 - Credit vs debit spending
01:30:15 - Non-financial advice for life improvement

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[DonaldMark-nese]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[CameronFussner]

People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.

[xuereb]

I am 39, I only eat takeaway once a week, no coffee outside, no subscriptions, I currently save 60% of what I make and I do not make a lot, but if you spend less than you earn you have a bright future.

[SarahBrown-hn]

The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?

[leondonald]

The home I purchased in 2023 has appreciated by $60, 000 since my acquisition. However, the downside is the diminishing value of the dollar. I am currently contemplating strategies to reinvest $300, 000 in the real estate market.

[austinbar]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[buildingAbiz]

"Don't let your safety net turn into your hammock." Wow, that is a great statement. I have somehow never heard that before 🤓

[nkoeppen]

Wow an hour and 32 minutes of George without any stupid cuts to weird movies! My dream come true!!!

[AvelineOztas]

I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .

[dianarabbanii]

I'm an amateur with a portfolio of 180k and I've got some real estate holdings too, but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Are these good stock suggestions?

[JboJackson]

Speaking on cars, I bought my ideal truck when I was 25. Paying it off wasn’t Terrible but still sucked… ten years later I still have it but I drive my fiancé beat up Corolla everyday and I love it. You can’t beat a $30 full tank that lasts 2 weeks

[lwwarren]

I charge my kids $500/mo to live in our house then I put that money in a Roth 401k with a target date ETF for their retirement at 59. Right now, if they put nothing else into their Roth they'll have almost $2 million when they turn 59.

[freedomisEexpensive-]

I have sold my home and planning to go back to India after staying here in US for 24 yrs to take care of my parents. Iam looking for help with investing my home sale proceeds for monthly income.

[AmithKaury]

3 years ago, I started investing with $300k, but I've only made about 6% total, or 2% per year, which my friends say is very low. I also put $800k into a 401k with a financial advisor, and it's now worth about $1.2 million after 10 years. I think I need to revamp my portfolio. Any advice on what to do with my money would be greatly appreciated.

[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

[dannygutierrez]

I am 28 and I do live at home (parents) but I work a good job (HVAC Technician) and have been investing for 6 years with only 500$ rent. I have no debt and do recommend living at home as long as you are being productive and not spending on anything unnecessary.👍

[StackSnackies]

Viewing a house as an investment is exactly why the housing market is so screwed up today.

A house should be viewed the same way as a daily driver work truck. It's just some walls and a roof where you keep your stuff, cook your meals, raise your family, do your hobbies, projects, and work, and it's a swell place to lay your head at night.

[BrigetteWaltershield]

I am regretting not investing in digital assets ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the market. What coin should I look into as a newbie to safely grow my money?

[TakingFlightWithEthan]

I do really like George. Really authentic guy and always has some good things to say.

[tstanley]

One thing I never see the Ramsey people talk about is the opportunity cost of paying cash for real estate investments. More people have gotten wealthy off debt on properties, than by any other method. Paying off your primary, then trying to save up the entire price of a home when they are increasing 3-5% a year could take half your working life just to get one.