Ehh you notice the cuts a lot, especially with Zach looking at the camera then cutting to looking at you. Is it a new person editing? If so I'm sure they will improve with practice.

The genuine back and forth between you two and the solid info is more than enough.

This exactly what I went through. I used a bike in rain sun and snow and sometimes walked. I was laughed at. But next month I'm putting down a 70k in deposit for my first home. It's all worth it brother. Im proof its doable and its the best way. Keep on going

You the goat that takes determination to be disciplined this a marathon not a race!

They have a video about buying cars in cash

Exactly

Thank you, you honestly have no idea how much that has helped me

Nope better off getting a new car in 2021 or don’t buy a car at all because it’s the worse time

@@Murphys_Law9 I think her comment applies in general not during this particular pandemic / inflation period.

Good woman ? U have a lot to learn young buck

@@dd-jh9vt He said women not woman. Plural

Same here. I'm a 21yr old in SA and just here to get confirmation on what I always knew - house first!

What if you need that expensive vehicle to start a business

@@user-kp6ud7ht4zlike he said, cheapest car to meet your needs

Thank you for this, I just paid off both my vehicles and it’s so hard not to get a newer used vehicle during the process of me saving to build a house 😂🙏🏼 how much of a down payment do you need to build a house?

@@misschanelxxxWhile there are all kinds of finance options for first time home buyers the best thing to do is save 20%.

Home ownership is key... Growing up; My family never had fancy cars, we traveled and saw the world instead! Eventually my Dad splurged on a Mercedes E300, what a piece of crap that was... compared to our Buick Le Sabre!

I mean there are some cool cars around that price. I am a car guy so I guess I have a different opinion on nice vs the average person that thinks the latest and greatest luxury car is nice.

@@THEGAMINGHELP101 c4-c5 vettes, early amg's, xjr/xkr, e36 m3, and so on.

Thanks for your comment. I was freaking out. New car loan (800) a month and looking to buy. This gives me hope

This comment is not true at all, you can still get a mortgage if your debt to income ratio is 30% or below, some lenders will even go from 40%-50%, however I don’t recommend doing that.

You missed the reply to the follow up comment by Zach. Kid got "ethered". Raymundo KO1 Zach. Nothing new there!

That percentage is high. If someone doesn’t want to be house poor it should be no more then 25% to 30%.

True, having a hard time finding a used affordable F250.

Ahahahahaha

Decent advice. Sadly too late for a neighbour who had his house broken into and the keys to his pride and joy new, decidely average Merc C Class stolen. Thieves completed the job the following night. Kinda strange that the advice from police and insurance company did not include an instruction to NOT leave the car parked in the £"%^&!"£ driveway....

...neece comment....

Good comment. I had some trouble with the words invest, income and car in such close proximity though. Last time that happened (at a car dealership) I had to slap the "finance" guy in the face with.... ...a brief summary of my investment portfolio.

Better off taking out a 15 year mortgage and doing the same thing.

Joseph Kelleher I Agree. Shorter is better.

@@josephkelleher8820 Not necessarily. Shorter term locks you in to those higher monthly payments. I took out a 20yr mortgage, paid it off as if it was a 10 yr deal. Had the flexibility to divert the "extra" to other uses if needed. Some of my covid-crippled career-curtailed contemporaries who hoped to clear their mortgages this year might be closer to clearing their belongings from a repossessed house.

marcsys I was actually advised to take out a 30 year and pay it down as a 15 year mortgage from the beginning. For the reasons you described.

Then you have to wait 4 years to buy a house rather buying a house now

When getting a mortgage, more assets in the bank looks better than fewer assets in the bank.

Viewer A that is irrelevant to what i said

why would you spend 40k on an asset that will most certainly depreciate 50% in three years and then try to buy a house? You are better off buying the house which mostly likely keep or go up in value first and then go for go for the expensive car when your worth more

@@Pureexhiliration I'm assuming they needed a dependable car for transportation instead of a showpiece. I only went with $40000 because that's the number they used. Obviously you should be spending less on a car if you need one for transportation. However, you'll also have a paid off loan which can help your credit score when buying the house. Buying a house may make you "worth more" but it doesn't mean you'll magically be able to afford more. Good luck getting to work and making your house payment when that old POS used car you've already been driving for 5+ years decides to break down. I believe you should own a couple dependable cars before committing to buying a home even if you have to postpone buying that house for 3 years to do it. Three years is nothing in the grand scheme of things if it puts you in a better place to start from.

In the average city, a nice home that is around 2,000 sqft with utility insurance and property taxes will only be $17k/year. You get yourself a roommate or 2 and you are paying less or the same as renting but you get to pay principle. Yes, it locks you down but this might or might not matter for someone in the mid-20s.

@@profribasmat217 I was cheap cheap cheap when I was young . I kept my rent and utility between $300 to $500 a month . I didnt care much about having a place . Stack that money, move up the ladder in life. Not healthy being house broke paycheck to paycheck . I saw that alot in my friends When they were in there 20's I even went years working for a company that pay for hotels where ever they needed me at. That help alot . ( no rent, just a bag) There were Times i stay over a girls apartment for months at a time ( free rent) I did my best to be cheap on having a place to live when I was single. All i needed was my ride and the adventure

@@THEGAMINGHELP101 roommates not bad, problem is you hoping they pay up each month or you stuck with the bill . I seen that happen alot .

@@DanielGarcia-zz9eg Have you heard of legal contracts that allow you to evict them if they don't pay? Background checks, etc. There are plenty of ways to get roommates that are responsible and if you get a bad one there are legal ways of covering yourself to be able to get rid of them.

@@THEGAMINGHELP101 I heard of it and it means nothing to them and a waste of your time in court. Its easier to keep them on a monthly then a one year lease. With monthly you can kick them right out the door 🚪

👏

a ben Many people these days have the experience of unexpectedly being out of work for an extended period of time. They don't have savings that cover their expenses for more than a few months. If you buy a home taking into account the earnings of two partners and even one is unemployed, that could become an intolerable burden and trying to sell the house in a depressed market can mean taking a big loss. So give some thought to how you are going to handle the mess of a major recession and/or pandemic, or major health problems that interfere with your staying in your job and run up huge bills. If you take the long view you won't be like the people in Anchorage in a past recession who dropped off the keys to the house at the bank and drove off with their credit score in tatters.

news But are there many rentals?

BA Junkie, You might need a car for obvious reasons but you certainly do NOT need a new one! Someone else here said it best: a house is an APPRECIATING ASSET while a car is a DEPRECIATING expense! Run a cheap, dependable, used car until you can buy your own home, condo, townhouse, etc. if you must move for work or other reason, you can at least break even on real property. In some cases, your employer may even help with home buying or selling expenses to help you move where they need you. Any car just continues to lose value by the month for year after year. Do not let the high price of used cars today make you think otherwise.... Regards.

LittleJohnny47 Cib Thank you for that very considered reply. I was making a joke, it was perhaps a bit too subtle. I thought the correct answer (a house) was extremely obvious.

@@bajunkie7714 Doesn't that depend on your credit score? If you have a history of paying off your car loan, that will help your credit score.

Tagekumar Paul: My advice is to still buy inexpensive, used, and dependable for your automotive needs and keep ANY spending on a steadily depreciating expense to the minimum. Invest the other money you make until you are ready to buy a house (or condo, etc.). Foolish people look at today and tomorrow. Look at five or ten years out and decide where you want to be and how you want to live in the future - then work toward that goal! If you live paycheck to paycheck as many do, you will always be working for some bank or loan officer the rest of your life! Sure, you will have “stuff” but are you willing to pay that price? Ask me how I know this...!

Since there are no 10 yr car loans (yet at least), then it doesn't matter...apart from the opportunity cost of saving that money for your down payment.

@@littlejohnny47 thanks for the advice. I want a civic type R, but i dont want it to burden me so ill decide if i buy it outright with cash (save up for a few years) or save and get a house.

@@viewera8038 this is true. But the video does have some good points. I just dont think im ready to own a house.