The Best Way To Buy A House - Dave Ramsey Rant

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[Rachelpu]

I know one thing for sure, starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.

[CarlosFontes]

Buying a house when you're broke = "Let's have a baby, that'll fix all our relationship problems!"

[mariamindful]

"Children do what feels good, Adults devise a plan and follow it through ". Best advice ever heard in my life

[dianesullivan]

Very clear and helpful : thanks! I'm working extra to keep my ROI flowing into my mortgage payment. it's the last piece of debt i have and i'm a bit overeager to see it gone. Any index fund or stock tips to help that get done?

[JB-trun]

I'm 26 years old and recently bought my first property with cash, 100% down. 416 sqft condo for $55, 000 in a good neighborhood of Tampa, FL. I don't have any mortgage or rent payment. My only monthly expenses are $158 HOA (which includes water, sewage, trash, cable TV, outside maintenance, insurance, pest control) and electricity. When I rented I was paying $575 for rent and higher electric bills. Now by owning I've stabilized my cost of living and able to save over $500/month and am paying myself what used to be my rent payment. Plus I live closer to work, so spending less on gas, my commute is only 4.9 miles each way. I also own my car outright and still have over $16, 000 left to my name after purchasing the unit and 0 debt.

[BrendanEvan]

Honestly it was painful to only buy a house with a payment less than 25% of our take home pay. We are the strange people who bought a cheaper house than our friends. But we have so much flexibility in the budget and such low stress, it’s amazing.

[fdllicks]

What he said: get 15 yr fixed, put 20%down. You payment shouldn't be more than 25% your takehome pay.

[kobekile]

I'm 42 and my net worth is now up to 700k. My son is just now turning 19 and has already paid for his car is debt free with a full ride to college. Thank you Dave!

[kentrobinson]

By the time you save CASH to buy the whole house...THE COST WENT UP $100, 000 to $200, 000

[TPainWhatitDo]

This video is 5 years old. I remember the situation I was in 5 years ago. "A 15-year fixed where the payment is no more than a fourth of your take-home pay, " with 20% down, which is what Dave recommends, was almost possible for me at the time. Things have changed for the worse

[MichaelDavis-cjyj]

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.

[gct]

I've owned and/or managed houses all my life. This is the cruel reality. Dave is right. It's only a blessing if you can afford it!

[blazers]

99% of these comments: I’m 9 years old buying my first house for 800k cash

[floppyflaps]

So basically I need to move out of CA haha

[LoveFamilyLife]

My husband and I lived on one income, and saved then other income for almost 2 years for our emergency fund and down payment. We had no debt.

At ages of 21 & 26 we bought our first home, put 20% down on a 15yr mortgage and still had 15k cash to fix it up with (it was a foreclosure) Now not even 6 years later, we have paid some extra every month I no longer work but we learned to live on 1 income so we are fine. We have 4 kids, a good amount in retirement and only owe 40k on this house that is currently worth around 190k.

We both come from poor families never had any help from anyone. We did this ourselves by just keeping priorities straight. It works!!!

[flemmingbrooke]

I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.

[tarjab]

A paid off home mortgage is taking the place of BMW as the new status symbol ❤️

[mystorykim]

Bought my first home at 47. I did still have debt but not bad. Didn’t have 20% to put down so I had PMI for several years. 7 years later I have no debt but our home, and a year of savings in the bank. Refinanced to 15 year fixed 4 years ago at a lower rate and our home has gone up in value over $100k. Our home is a blessing and if I had waited to get all of these steps in place I would have missed out on this opportune time to buy a home when housing prices were low, interest rates were low and right before all of value in home prices went up. I wouldn’t be able to afford nearly the home I have now if I had waited and we are in much better financial condition now because of it. Am I the exception? I believe God led us to our home and the time to buy.

[issadogboss]

Dave I just found you on YouTube I used to have lunch with you everyday at work on the radio so it is nice to see who was giving me all that wonderful advice. Only regret is that I didn't learn sooner how to deal with debt. But now no debt cash is king own my home no mortgage and no stress now retired. Thank you.

[mastermagician]

This is actually what I needed to hear i think thanks Dave I listen to a lot of what you say im not even making a huge amount of money per year and just practicing the ideas has helpped so much