That you have to share😂

😂 same😢

🤣🤣🤣

Sounds about right

Vote better 🙌

Making money is action, saving money is behavior and growing money is knowledge. The basic step to acquiring wealth is figuring out your goals and plans, with the heIp of a financiaI pIanner you will gain rapid financiaI growth and enjoy the benefits of managing your finances.

FinanciaI growth was rapidly gained (gathered over 1M in 2years) through my financiaI pIanner. Got my 2nd house in May, hereby making my goaIs a reaIity..

Whosoever tries this sureIy acquires wealth. Get to her

ELlZABETH GREEN HUNTS.

Exactly

Yeah houses in the UK are really expensive so based on this 30% rule not that many people should buy a house

Then you have to start small in other state or invest in your self learn more skill first till you have the income needed

Everyone lost their job in 2020-2021 due to liberal lockdowns, and the liberals are suspending evictions. Once the suspensions are lifted, it will be mad max. Conservatives who are the plumbers, electricians, carpenters, etc will go on strike until the libs stop the health restrictions. The libs will fight to the death to keep their restrictions, and the grocery stores will eventually become barren. The liberal gender studies professors making a $100k teaching CRT are finally gonna find out where food actually comes from

30% of your mortgage monthly payment?

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

Sonya Lee Mitchell maintains an online presence that can be easily found through a simple search of her name on the internet.

Mortgage rates have gone down since then but went back up a couple years ago

Move.

@@hunterhemingway yup.

I think the 30% is for the mortgage not the whole house, either way you gotta get out of there

@php @Like Literally Canada pays badly, not that many options lol. The average Canadian makes 65 k a year or so and most jobs are not in middle of nowhere canada, they're in the financial centres. The further you go, the cheaper the property goes but then so do the jobs that even enable you to pay the bills in the first place.

Go to a chapter area or find a job working from home somewhere else.

about 80% of population of any country will need to move to a cheaper country which makes me think something is really wrong with the system we live in.

I live in the Midwest. I can get a good home for $250k.

@@nathanhedglin931 I live in Armenia and I can get a home for 50k dollars. Houses are super cheap here

It is better to move to an Island and make your own house there lol.

@@muradpetrosyan5128 i live in israel and cheapest normal apartment is 300-600K$,starting at 150K but real small,real shit hole,not even talking about houses 500K+++

You will. between my husband & I we made around $60k and we just get qualified for $320k loan. just get ready with time and follow o'leary advise: start small, grow in assets and income and then move big under your safe possibilities (that 30% mentioned). the important things to qualify is your proof of income, assets (down,closing, & reserves), credit and debt to income. Good luck!

Lol move to the inner city or near one dude. Houses are cheap as hell. Not very desirable but it's a trade off for starting small and working up from there.

@@mitchdogstudios LOL, I wish. I live in Canada 🇨🇦. We let in 500,000 new people a year but but we only build 280,000 new homes. This doesn't count new families/births/people moving out, and staring families, or condemned homes. Hence on the news, new Canadians get off planes, and the homeless shelter are full, and there's nothing to rent. Justin Trudeau is trying to save the world, and stuff as many people into Canada as possible. Destroying housing, education, justice, health care, and all the other minor systems. Canada is just about to collapse. The soon to be Prime Minister Pierre Polieve said he will keep Justin Trudeau immigration policies. We are so fkd! Only foreign business can afford to buy our homes, and rent them out...not enough teachers, engineers, doctors, or judges. There is nothing we can do since most people come from India, and Pakistan. Their education system isn't the same as the education system in Canada. So there's not many doctors, engineers, judges, or teachers that can speak English and French clearly, coming to Canada. We are not doing well.

​@@mitchdogstudios idk if I feel safe doing that

Lower your expectations of the first home. I compromised on 2 must-haves and still getting 40% of my take home salary as monthly payment. But I am very happy to get into the game.

Thank you. People aren’t very bright

Yeah and you’re missing what everyone is saying. Wages are so depressed most people have to spend more than 30% per pay check to buy a house and that why a lot of people simply wont ever afford a home.

@@benjaminmann8028 that's simply not true. most of the comments for this video literally talk about dropping 30% down on the house during the purchase. I'm not arguing the awful market right now. i was stating that people did not understand what kevin was saying due to the bad video editing of the person who posted the video. and you don't HAVE to purchase a house right now. in what situation would someone NEED to buy a house within a few months? market has been bad for a year or so yes, but it's not like they NEED to buy a house this year. i have been saving myself. i just had to renew my contract for my apartment. if you cannot afford to rent something currently, then you were never able to rent anything prior to housing market going bad. it's all about life decisions. discussing that with people with a large sense of victimhood is a waste of time as well. not going to share my struggles to the public, but i have had a very unfortunate life and did not give up.

Thanks I didn't assume one or another, I just had no idea wtf he was referring to.

@@cryptonic799 yeah it's just poor editing lol i honestly wanna say this is actually two different videos. i watch him every now and then. i swear the first clip was not in his home buying video 😂 topics like this are hard to talk about on social media cause there are so many people who play victim hardcore.

He also thinks employers periodically will raise your salary. 😂😂

or these days market. he probably still talking about a long time ago house market lol

Dude Utah house prices are literally 0, the place is a gigantic farm...

@@VivaLegolastef90 You haven't heard of the Silicone Slops? When was the last time you drove through the Draper/Lehi area? They've built over 100 buildings just in the last 5-years. It's insane.

Utahans can sell overpriced houses now and buy them back in a few years. Profit.

Is southern Utah any better?

@@olemew Yep and now is the time to sell I believe. There are some pretty nice house builds.

Worked well for me and I'm a 25 year old gen Z'r. Quit whining.

Sure bud ​@@mitchdogstudios

- DOES ANYONE REALIZE THAT UP UNTIL 1950 - NO ONE HAD AIR CONDITIONING. MOST USED SPACE GAS HEATERS ON THE FLOOR TO HEAT IN THE WINTER (JUST AROUND THE HEATER) ..!! THEY ARRANGED THEIR CLOTHING. VERY FEW HAD CARS, OR, TRUCKS. THEY ATE WHAT THEY RAISED ONLY. NO BODY HAD CLOTHES WASHERS & DRYERS..!! THEY HUNG A WIRE OUTSIDE AND DRIED THEIR CLOTHES THERE - TO IRON INSIDE WITH AN IRON HEATED OVER A WOOD FLAME..! THEY USED A HOMEMADE OUTHOUSE AS A TOILET AS THERE WERE NO PORCELAIN FIXTURES , NOR, RUNNING INSIDE WATER…! THEY USED KEROSENE OIL IN GLASS LAMPS FOR LIGHT. WOODEN WALL PHONES DIDN’T GET AFFORDABLE UNTIL LATER. THERE WAS NO ELECTRICITY IN HOMES INTIL THEN. ANIMALS WERE USED ON FARMS INSTEAD OF MACHINES. WATER CAME OUT OF A WELL, HAND DUG DOWN 20 +++ FEET. YOU HAULED A METAL BUCKET ON A ROPE UP & DOWN TO RETRIEVE THE WATER. SOFT , DRIED , SHUCKED, WHOLE CORN COBS WERE USED FOR TOILET PAPER. IT WAS A GREAT LIFE WITH LARGE FAMILIES. DOCTORS WERE BARTERED WITH HOME GROWN FOOD INSTEAD OF MONEY. SUGAR & SALT WERE HARD TO BUY. YOU DIDN’ T BUY CANNED OR BOXED FOOD, YOU GREW IT, PROCESSED IT , AND, COOKED IT ON AN IRON WOOD-BURNING INDOOR STOVE- IF YOU COULD AFFORD ONE. EVERYONE HEAVILY RELIED ON THEIR NEIGHBORS.. THEY KILLED A HOG IN THE EARLY WINTERTIME, & RENDERED IT THEMSELVES , MAKING SOAP & LARD FROM THE FAT, TRADING HALF WITH OTHERS FOR “ IN- KIND” REWARDS . THERE WAS NO REFRIGERATORS OR FREEZERS . YOU BUILT A SMALL LOG ROOM OUTSIDE TO “ SMOKE MEAT “ , ETC., IN, OVER TIME. MEN WERE HARDWORKING DOING EVERYTHING WITH THEIR SONS, OR, BY THEMSELVES. WOMEN SWEATED INDOORS & OUT, WITH THEIR CHILDREN, WORKING ON EVERYTHING INDOORS..!!! EVERYBODY FARMED THE FOODS MOSTLY DADDY TOOK CARE OF THE COW, OX, OR, HORSE, AND, MUCH NEEDED HAND-BUILT WAGON. . TRAVEL WAS USUALLY BY FOOT.

Best way to live. Simple

Good. So then you have a lower chance of screwing yourself now 😂

Period

I might buy a condo then buy a house. But you're right, I'm not trying to buy a bigger house lol

I know, right! Kevin thinks it's 2011.

That's amazing on a single income earner

You're going to really screw yourself 😂

Thata why I left NZ unfortunately I know the pain I left so I could afford property

Much better strategy. Moving is expensive. I did the same. Rented the basement which paid my mortgage.

I mean you have to admit you also had perfect timing... We can't really look at past performance and claim that strategy can be replicated for the next decade.

@@LR.1995 exactly! this guy bought a winning lottery ticket and is telling the story of the purchase hahahaha cool beans dude

@@LR.1995 When I bought in the beginning of 2009, they told me I was crazy and that what happened in the US in 2008 was soon to come here. Then in 2011, again I was told I'm nuts for buying while the market prices were so high. Then again in 2014, I was again told that I was crazy and the market was gonna crash and was called a fool. And same thing in 2016, the nay sayers came out, many of them family. In 2018, I paid 40k over asking on a semi in Milton, total $540k, and that was the first property with a partner. We sold that place for 985k spring of last year. Over 400k in three years on that. Also, a few years back I remember watching another video of Kevins where he was again advising against buying real estate. I think he was talking from the back of limo while in Vancouver. I don't know where that video is now but I remember going against his advise and bought then. So glad I didn't listen to him then.

That works great in a bull market

He never said anything about annual. He’s speaking of your monthly income…comprehension is key

​@@bryanb7050 30% of your monthly income over the course of 12 months is 30% of your annual income tho innit...comprehension is key

@@bryanb7050 It's a % of income none the less. Monthly % vs annual is exactly the same amount of money, except multiplied by twelve... because you have to make a mortgage payment. Intelligence is key.

Anywhere in the midwest not inside of a city

Well you're in California... that's your problem.

I make like 3k a month so like 2.4k after tax. That would be 700 per month in California. 0 homes in my city have that rent.

@joe Leave California

@@punjab1captain it's called an RV trailer

@joe It's cheaper to buy a boat docked in Marina Del Rey than to rent an apartment right now! You could live a sweet life and save money at the same time.

That guy is out of touch also and he is sexist. Women can do no wrong in his eyes.

How’d everything turn out? I’m in the same boat

@@contextclue great! I had a pretty good savings. I haven't had to cut into it at all yet

@@Th33wild1 awesome man thank you for that, it’s my first home so it’s scary, I’m glad your doing great!

​@Th33wild1 hopefully you would have considered tax increases, maintenance, monthly bill increases, and unexpected repairs into your budget otherwise you may run into some problems.

@@tamarastone141 14 months in and doing great. Built a garage. Growing a big garden. My taxes increased 50$. And I’m a handy man repairs aren’t expensive it’s the labor calls

Then your apartment may be more expensive than you can actually afforf

@@darkdayzero but if I’m surviving and putting a couple hundred in savings every month… is it really?

@@BluePlanet1337 I know it’s not sustainable in the long run so I’ll need promotions or other income… Just my standards of living are higher than most because of how I grew up.

@@BluePlanet1337 so my standards of living won’t change as I get promotions and whatnot. Just got to work hard and rake in the dough 😋

@@lucleadergaming3487 good to have goals but need to be realistic and live in the moment…not the future. Saving a few hundred a month is really nothing. That’s not enough to fully fund a Roth IRA

$80 internet $80 dollars lawn care are not essential. Just hot spot for internet then mow your own yard. $160 saved easy.

@@DakCuh not if your time is worth more than the act of mowing the lawn itself.

@@crystalmethshrimp then you probably dont have money problems if your time worth that much

@@DakCuh We all have money problems, no matter how much you make your lifestyle expenses can always keep up. That being said, I'd rather pay someone $20/hour to mow the lawn or clean the house while I'm able to work more or curate more sources of income.

@@crystalmethshrimp if your lifestyle is keeping you poor even though you make a lot then that's where Jesus comes in. That being said, what's wrong with your plan? If you make more money while someone mows your lawn then you dont have money problems lol. You actually are giving someone employment now too.

kzfaq.info/get/bejne/aLWoZLeg18udnqs.html. In the ghettoooo

@@phugindomas well someone has to live their

Its why these losers voted for Bernie Sanders lol

I make over 100K and I can’t afford a home with a 120K down payment. everyone is overbidding and I don’t have the money, time, and effort to move to another overpriced rental. I also don’t have time to wait 2-3 years to see if the housing market could POTENTIALLY dip. I respect Kevin, but his advice does not hit on this one. This economy is trash and it’s going to lead to another recession, but many Americans are left with little choice when they are trying to raise a family or is millennials are trying to buy a home. Homes are so grossly overpriced and I literally am only finding 1 or 2 bedrooms that are bare minimum 400K in Orange County, CA with 400-600 HOA fees. The 400K 1 bedrooms are located in shit parts of town or are tremendously in need of work (crime or super far from everything) and are the size of a walk in closet. I looked out of state too and it doesn’t seem that much better.

Not everyone gets a home and not everyone gets a Porche.

I used to have the same issue but I had to make the hard decision to move to a different state despite how much I loved my home state of Alabama because the house prices were insane. Now I've moved back to Bama after I've gotten much more stable income. Sometimes you have to look at alternatives so you don't screw yourself over financially, even though it may hurt emotionally. Godspeed friend.

I live in Massachusetts and in most areas you can't touch a home for under 400k. Luckily I found a home in the middle of the state for under 340k. Kevin is out of touch for sure.

he meant mortgage yah goofball. for example, if you bring home $50k annual, then you can safely afford a home costing $1,250 monthly mortgage. don't go above that.

"just get money"

@@mullahgaming9446 *next show ---->hi shark tank u can have 90% of my house for $1* 🤣😂😅 , *Kevin I'll give 80% plus royalties for 20 years my final offer*

maybe dont have 4 damn kids in the city if you dont have a way to support them lmao

@@IKILLPEOPLEx *hey smart A$$ maybe enjoy very long term problems when the population of Canada drops because nobody from the middle class can afford to have kids, is that the country you want*

Maybe take responsibility for having 2 kids when you can afford a home. Thst was a choice you made.

How's it going so far?

@@eliubfj so far so good. we both got a raise and went from 70% to 50%. hopefully by next year we can drop it to 40%.

salaries ok,but too many ppl pay more than 30% and its a problem for all of us because they dont consume anything..

He did not say how many paychecks. If you have a spouse that's two paychecks. The point was start small and don't over extent.

Think he meant the mortgage. Not the whole house

salary?! LOLOL what's a salary, most people are on hour wages.

He’s talking about your net monthly salary vs the mortgage payment. That’s actually not that bad at all.

Wow! I live in Massachusetts and luckily I found something under 340k that isn't a fixer upper but it definitely is not close to Boston

Thanks boomer.

Born and raised in florida (29 years old) And people my age were complaining about the prices the ENTIRE time. Was trying to tell them that's not wise but they rather spend their little money on weed or something rather than save.

but do you invest and earn the extra 2% from 5% and if you do how much you invested outside your house?

@@risefast184 you can easily earn 10% a year from investments and just play it safe. You could make 5% alone just from dividends not even counting the growth of the stock.

You get tax deductions for being a homeowner so dont forget to account for that. Its $13,850 for single and $25,900 for joint.

@IluvinortheIneffable Good point. Do those deductions insulate a home owner from property tax inflation on an annual level?

@@teddywilliamson3547 Yes, they are evaluated yearly. You have both state and federal taxes, as well as a variety of other possible deductions, so it's important to consider that as well. Im referring to itemizing deductions rather than taking the standard. Taxes can be very situational

@IluvinortheIneffable My question was rhetorical, I file the same every year, and item deductions are negligible... Therefore, I feel the bite when property taxes spkike. Texas has no state tax, but property taxes are hot sodomy.

@@teddywilliamson3547 If your itemized deductions are negligible, its because you pay the same amount to own your home as everyone else. If you use your water, electricity, gas, and roadways then go bitch to your congress. If you don't use your public services, then just stop paying the property tax and use the money to reinforce your home. What are they going to do about it?

He means the mortgage

And by having them financed. That's the main reason why college and cars are overinflated. It's the banks! They are not your friend

Go to dominican republic with 100k. You'll live like a king, not even joking. Problem is your in dominican republic.

Wrong

If you stay in the same job forever and don’t get a promotion then most people’s salary probably won’t go up. I used to get a 2% raise when inflation was 2%. You have to learn new skills, market yourself, change jobs, and move if you have to. Some people just get too comfortable.

If you choose to depend on just a job/career then yeah you're absolutely right. 😂

Maybe in your industry of fast food or retail it doesn't. Get a real job. Like the trades. We all are years ahead of you in owning our own homes. Evidently college isn't working for many either.

Buy 30% of the house. Live in the garage and rent out the rest.

It's a common personal finance guide, and it typically refers to the total cost of homeownership on a monthly basis, including property tax, utilities, insurance, and maintenance cost (generally budget 1% of the home value per year or 0.5% in high cost of living areas). Of course, it's incredibly difficult to meet this threshold in high cost of living areas, so it's common to start with 40-50% to get on that housing ladder, don't stay there long because being house poor is painful. Renting out your basement, or not moving up in house as you get raises is a good way to try to get to that more comfortable 30%.

and herein lies the problem of TikTok Financial Advise

Why are you on KZfaq if you’re blind and deaf?

@@frostyhamster3116 Exactly, why are you here?

😂😂😂