I'm 25 with $80,000 Saved. Should I Rent Or Buy A House?

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[bribri]

I’m 25 years old and have about $85, 000 dollars in debt... Should I rent or buy a cardboard box?

[InvestingHustler]

Of course he single how else would he have saved 85k by 25 😂👌

[MaximilianFischer]

I’m in Kentucky and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[MatthewJenkins-ov]

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.

[MrBrewman]

I’m on the same boat. 25, live with my parents and make 55k a year and have no more student loans, car payments or any stupid, expensive hobbies. I love adding 90% of my paycheck to my savings every other Friday. 60k saved and hope to have 100k by next Spring when I move out.

[Tyclone]

I once had 90k in the bank. No joke. Then I bought a house and now I'm broke. True story bro.

[MoDRnHD]

This is just a flex. He knew the answer

[anastasiabeaverhaus]

Excellent work. Living at home with parents in you early 20s, if possible, is a great way to set yourself up financially.

[briannacollie]

I love how he said that's he not interested in dating right now. Smart young man.

[masonheller]

Nobody:

Dave Ramsey: Better then I deserve

[saladbar]

I’m 23 and just graduated college with zero debt and great job prospects. I felt I was doing good, but this guys is killing it!

[userwatttt]

“I don’t want you renting for 6 years...”

Here’s me. Renting for 8 😂

[jaeh]

Just completed baby step 1 today. Crazy how having just $1k in savings could bring a sense of security in your finances. Good on that guy for establishing himself at only 25 yrs old, I am 28 and have a long way to go :(

[Priceman]

Me: How did he do that well for himself?
Dave: Are you seeing a young lady at this time?
Jason: No, I'm single.
Me: A-HA!

[TinaMyles]

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.

[MercedesCarReviews]

This is impressive for this young man! Wow! I’m impressed. Living at home 🏡 is a good thing. In America, I’m surprised that so many young people are quick to run away from home, and go rent. It doesn’t make sense. This man is doing well. Kudos to him!

[AnthonySmith-tzkh]

And old people say “millineals are lazy” 😂😂😂

[MrZaid]

I’m 21 with around 10k savings. I’m planning to hit the 70-80k mark by the time I’m 25 too. I’m glad I made certain poor financial choices in the past and not later on in life.

[sirheisenberg]

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?

[guillermoalto]

Wow. This kid is KILLING IT, I didn’t have $80K saved until I was 34-35.