How Much Home You Can ACTUALLY Afford By Salary (Buying A Home Masterclass)

✅ Check out my products:

Recommended:

What Is The Minority Mindset?
"The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh AKA The Minority Mindset
#MinorityMindset #JaspreetSingh

My recommended tools! Please note: Although these are our sponsors & advertisers, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. However, you should always do your own research & never blindly listen to a random guy on YouTube.
----------

➤ Real Estate Investing Online
1) 🏠 Fundrise - Invest in real estate with as little as $10!

----------

➤ Passive Stock Market Investing
2) 💰 M1 Finance - Pick a few ETFs and stocks, then let M1 Finance invest your money automatically:

----------

➤ Life Insurance
3) 🛡 Policygenius - Get a free life insurance quote:

----------

➤ Buy Gold Passively
4) 👑 Vaulted - Buy physical gold on autopilot:

----------

➤ Business Accounting And Taxes
5) 👑 CommonWealth - My partner accounting firm for businesses making $250k+ a year.

----------

Follow me:

Want More? 🥑🥑 Check out these channels!

Video host: Jaspreet Singh

DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.

DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

[MinorityMindset]

WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

[richhands]

My three favorite channels: Minority Mindset, Stock Brotha, & J Bravo. Make my week complete! 🔥 🔥 🔥

[marguritetheodore]

Beautiful and well explained, though you should consider English subtitles as I couldn't hear some things. As a foreigner staying in America and given the times, would it be better to go into into real estates or stocks. I have been confused on the better option and where and how to go about this. Can't seem to find the most appropriate and of utmost importance is also a less time intensive option.

[Curzyshorts]

Keep going bro lot's of love, from Nepal❤❤❤

[Brooklyn-rjnp]

I work for a debt relief service. Thank you for this. So many people need to hear this

[hlio]

20% tax I wish lol. I’m in Canada with a marginal rate of 46%. I ended up with a house that takes up 15% of net pay, and invest about 40%. I opted for a 1960s semi-attached instead of a brand new detached mcmansion. It’s not fancy…but it’s enough and I get to do what I want in my 40s.

[mariahsmom]

Also plan for big increases in insurance and property taxes. Ours were just increased by 50% for insurance and about 20% for property taxes (no claims or problems- just gouging). Also make sure you also have the $$ for the maintenance. New roof, fence, water heater, window, tree limbs down in a storm, sewer backs up, you name it, it can happen and you have to pay for it.

[livelaughlove]

Great explanations on everything! 👏🏼 👏🏼 👏🏼

[htxk]

You definitely have my sub. This content is next level. For me cannafarm ltd was the turning point. Please keep doing what you do and keep being you, love it.

[effq]

10:30. I would totally agree with the fact that it is better to put more down payment overall, but also agree that if you can effectively invest the savings on an investmemt with returns more than the mortgage rate, that is great news. When we bought the house in early 2022, my partner and I were able to put only 5%down as he freshly got out of a family situation and I just graduated with a masters without taking a loan. But the fact that we were able to lock the rate of 3.3%, instead of saving for 20% down payment with about 6% rates of today ( and meanwhile, paying someone else's mortgage for another year)- we decided to buy it and are very happy with our decision. Even right now, I have zero intention of paying extra principal even though I have saved quite enough as putting that money in an online savings would yield higher (4.3% apprx) interest rate(not even talking about investing in stocks to get higher returns) than 3.3% mortgage rate. We had our worries that house price will go down, but it did not go down and actually went up a bit so far. Moreover, we are renting out a room and the tenant basically pays the interest part of our mortgage. We are paying the part of principal, property taxes and HOA only.

[MrAjpalkow]

Extremely valuable information. It’s a shame most people have their priorities a$$ backwards.

[jimmyz]

The banks mostly look at income and expenses with how long you've been on your job. What one should consider is how you will be able to pay for the home if you lose your job or emergency expenses come up.

[joseisraelneri]

I don't need all this, I live in a very small room, I sleep on the floor, I eat on the floor, but wish and working to become a millionaire

I just have to work joyfully and do the right things

Thanks for your help

[OdielsonSouza-rk]

hey brother im from Brazil and i love your videos, ,,,helps me a

[TheLovely]

Good morning. This depends on where you live and what you buy. Forget owning a home, everyone is priced-out unless you are the latest lottery winner.😳😳😒😒

[robertbrown]

So basically you are choosing to take care of the older you over the younger you... Some factors are you don't know if the older you will be around? But if the older you is around your money making ability goes down a lot.... This is really tough.

[jeffersonjohns]

In general, people can not discern what’s “necessary” vs what’s “nice”. Therefore, they really do not know what they truly need to do, no matter how old they get. Owning and trying to compete with others is just another form of “herd” mentality.

[clintonlunn]

My first expense I budget is maxing 401k. Obviously, that's even before taxes. Then taxes. Then IRA yearly max. Then 5% savings. Whatever is left I use to save and spend.

[valroze]

Is your ultimate suggestion to purchase an income home prior to buying a home for myself? In my situation, that would mean I would be renting while managing a property. If that’s the way to go then I just may do it.

[isyankarex]

This certainly sounds good too, but I think its still worth considering more reliable options like traditional businesses such as cannafarm ltd, for example.