Should I Keep Investing Or Save For A House?

Explore More Shows from Ramsey Network:

Ramsey Solutions Privacy Policy

[iamkesha.]

He sounds like a very financially responsible person. My advice to him, as it relates to his goal to get in a relationship, make sure she is financially responsible as well and come into the relationship with equal assets and debt level. Don’t get in a relationship with a broke or financially careless woman.

[thenewwayhome]

Locking 15% of his income into retirement and starting saving up above that is great advice for this young lad! Seems like Josh had it all figured out.

[tcgtpl]

Misleading title. Their advice was to lower the investing to their preferred 15% & anything extra goes to saving for a house. Since the caller says he’s 5-10 years from buying a house & getting married, I’d recommend that he put extra into investing. He may move a couple of more times before he gets established, so best to work the grind when you’re young.

[flea]

You have to do both. And if you can't, you need more income.

[Aggielife]

Josh, you seem like a nice kid and you’re doing well for yourself! I’ll tell you this, please put as much effort in finding a good women, because if not, that wife will end up being the worst investment of your life!

[truthserum]

I wish I was as focused as this kid is at 26. I did buy my first house at 27 though with 20% down in cash.

[jimmymcgill]

Keep investing like you are now.
Even if you have to take out a mortgage, so be it.
Just get enough for a down payment.

[stevenporter]

Caller is right: no rush. Enjoy your freedom, your single and don't have to settle yet.

[mgautam]

Good for him. When I was 26, I made like 40k and that was in 2010

[LGABC]

A young man in this caller's situation has an excellent chance of joining the "50% club". That's where you save/invest 50% of your GROSS income and force yourself to live off the rest less taxes.

[liveslisa]

Try to pay as much cash as you can for the house.

[brandon]

I say save for house like a madman. I did that and brought a 96K house. Utilities so low man and mortgage at $384.50 I be having stacked savings and investments every month.

I prefer to did this way than to put in 401K and roth. I started after

Mind you I’m on a 81K income

[DL-]

$110k yearly at 26 years old is awesome. I wonder what he does for a living. Good job sir.

[ezyryder]

1:52 “vague concept” sounds like my dating life these days tbh, sick burn

[gabrielaevita]

Curious if anyone here has tried copy trading.
What was your experience? I’m relatively new to trading and I am looking study some traders and copy their open trades rather than investing myself and lose money emotionally..

[rossetti]

"high yield savings account" doesn't exist lol. Yall check out yotta bank though, super fun prized based returns with the chance to win 10m

[djpuplex]

Stay single. Rod Stewart once said after his third divorce " instead of marrying again I'll find a women I don't like and buy her a house".

[samanthaprocell]

I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Karen Cosmann