Just Bought a House but Now I Don’t Have Any Money

[@mizzezdavis]

Buys a house with no plan, no furniture, moves boyfriend into new house, expects him to conduct himself like a husband with no commitment of marriage. A disaster is on the horizon..🤦🏾‍♀️🤦🏾‍♀️🤦🏾‍♀️

[@Songbird36able]

It's already a disaster.

[@Polo22546]

You already know!!

[@JB-ku7kv]

And so many clueless people Do it. It’s amazing how unwise so many people are. What a society

[@raccuia1]

Indeed. As for the guy she's dating, moving him in is absolutely a no no. It's her house so the dynamic will be putrid. It's her house so it will feel like a master and slave arrangement. He will feel less than and can use that to play the victim. He can try and shame and guilt her as a way to get his co dependent needs met. In terms of the money it would be easier to get a roommate in where there are no emotional attachments. Then if things go wrong it's easier to kick 'em out rather than the baggage of emotion attached to it.

[@dwjackson5422]

yes, the only person that people should be is your husband(wife)

[@dm3988]

Dave handled the caller masterfully. He gave her a to-do list of concrete tasks within a budget and a timeline and left her with an emergency fund. Good job, Dave!

[@truebengalsfan]

He should stop with the relationship advice

[@jones2277]

@@truebengalsfan she would be screwed if she married him, and she knows it.

[@truebengalsfan]

@@jones2277she be screwed even more by herself so your logic makes no sense

[@jones2277]

@@truebengalsfan so not marrying him means she can't have a roommate or simply have him pay a portion of expenses? lmao.

[@truebengalsfan]

@@jones2277wtf are you talking about

[@restotime392]

The more I watch Daves show, the more I realise how many people really have no plans for anything….

[@vmolina2002]

😂

[@kbanghart]

Not true. She has a plan just needs to improve it

[@ericeandco]

Lot’s of times it’s not a choice. You have to work with what’s dealt your way. Sometimes it’s just not having someone to guide you through the mine fields.

[@turtleanton6539]

Indeed they do not

[@restotime392]

⁠@@ericeandcoor sometimes people need to improve their situation. Some people seem to think that if they earn $50k a year and life is hard, then thats the way it is. Its like they have convinced themselves that it’s downright impossible to get ahead. Its hard dont get me wrong but its not impossible. They very rarely take it upon themselves to maybe upskill and get more qualified as so to start earning more money to improve their lives. If you live in a western country like Australia, UK, Canada or US as examples, the opportunity is there if you really want it.

[@lanakeeton8102]

Do not depend on a boyfriend for anything!!! If he leaves you, he might say HE paid for furniture, appliances, etc. Take you to court. Live single till marriage. If marrying, sit with a counselor to discuss finances, goals, division of chores, families, etc BEFORE marrying.

[@adeyosola414]

Ok. I think it depends on the tenancy laws in the state she lives. Children pay their parents rent , roommates pay rent to person whose name is on the lease so I don't see why her boyfriend should not pitch in for rent, utilities and/or groceries. However if Dave is looking at it from a biblically standpoint but she still needs a roommate to make her mortgage payment more affordable, she can get a roommate/tenant preferable a trusted reliable and responsible friend or family member.

[@adeyosola414]

I think it depends on the tenancy laws in the state she lives. Children pay their parents rent , roommates pay rent to person whose name is on the lease so I don't see why her boyfriend should not pitch in for rent, utilities and/or groceries; he becomes a roommate who happens to also be her boyfriend. However if Dave is looking at it from a biblically standpoint but she still needs a roommate to make her mortgage payment more affordable, she can get a roommate/tenant preferable a trusted reliable and responsible friend or family member.

[@davidOConnor-z3l]

Actually the boyfriend will help supplement the income because he’ll rent out the spare red spare bedroom to one of his girlfriends on the side

[@bluejedi723]

Can someone please explain to me WHY THE HELL would you buy a $330K house with no fridge or stove and didn't think about a couch and a bed??

[@stevenporter863]

She expected the furnishings would just magically appear😂😂😂

[@lexalee5795]

😂😂😂😂 I’m deeeaadddd 💀💀💀🤣 this comment is the best!

[@tonytoni1150]

Impulsive purchase.

[@timothygibney159]

Because it's 2023 and all you can get with a $3000 a month mortgage

[@donaldlyons17]

@@timothygibney159 Yep even cheap places are in the 200K range if one wants multiple bedrooms!!

[@jasonrodgers9063]

Another option for appliances is "scratch & dent" appliance outlets. The appliances are brand new, but have some aesthetic issues, often very minor.

[@user-mv9tt4st9k]

Yes. Our two year old floor demo refridgerator cost $750.00 (delivered); the same model cost $2,100.00 on sale at Home Depot. We bought a used washer and dryer combo, not matching. When the washer died after ten years we bought new on sale, my husband replaced the belts and wheels in the dryer to refurbish it for $40.00 (diy). Now the brands match. 😂😂

[@kiki11974]

Yep, those places have great appliances. I bought a washer and dryer like that because they had scratches. Reality is that those scratches are not visible to the bare eye. Saved me tons of money

[@mph5896]

I would take a 20 year old washer or dryer for a couple hundred bucks over a new one that will last 4-5 years total for $1k

[@maryalicecampbell341]

Yes I got high end dishwasher dent not visible for 20 cents on dollar best bond. restore isn10cents on dollar nice appliances. and good cause. got great brand stove there looks new. 5kk too much restore has furniture donated.

[@Catlady8]

Also Freecycle and Moms FB Classifieds groups. I see amazing stuff listed on these in my area of town.

[@alleykeosheyan4779]

Thrift shops, garage sales, and Facebook Marketplace will become your new best friends!

[@striperkid]

Dave is right. There's no need to drop $20k on new furniture. I recently furnished a newly purchased home with "used" furniture that only cost me in total, $3200 ! In my area, a lot of older people took advantage of the housing market and down sized. They were unable to take all of their furniture so, I was there to snatch it up. I got a king sized bedroom set, 2 queen sized bedroom sets, a full sized bedroom set, kitchen set, living room set, and rattan indoor/outdoor furniture for the all season room for a total of $3200.

[@josephliptak3183]

True but Dave's forecast for 5k for a few things is not realistic, I did this for 1500 tops. New bed everything else was used. And decent shape.

[@ericeandco]

Right. You might have some empty rooms for a while. Get your most basic of necessities for now at the most reasonable price you can find. You did the hard part. You bought a house. Don’t lose it because you don’t have an emergency fund to cover your bills if something bad happens. You can always upgrade later.

[@bb-1359]

Junk. You’ll be replacing again before long.

[@bigshotadventur18]

Used bedroom, no thanks, could be "stains" on the bed, disgusting

[@tiffanyhwang1738]

$3200 is alot, I just go out and get free and dirt cheap furnitures, and it costs me under $1000

[@tamarasanders6538]

Regarding the women getting furniture and appliances, the woman should go to a Habitat for Humanity resale store. My wealthy aunt just moved from Texas to Ohio and sold everything before moving. When she got her new home, she went to a Habitat store and furnished her whole house, with some designer pieces included, for $800. She actually made money on her move.

[@MsSimpleMovies]

Exactly. This isn't a big deal.

[@jcherestal]

Is that what its called? The habitat store? Looking to move soon

[@gracedawsonbeatty3883]

I live in Charlotte where this woman is calling from - the habitat for humanity restore here is awesome! this is a great idea.

[@truthseeker6370]

Ohmygosh Thank You for this tip/information! I had no idea such existed! There's a restore 2 miles from my work! Grateful.

[@jasonrodgers9063]

I've shopped there often. Excellent values on items, great charity. One downside is that you never know what will be there. Think of it like a Goodwill secondhand store, but with donated furniture and building materials.

[@thelion6614]

Jade has really grown into her role. She has become an excellent host with solid advice.

[@littleripper312]

She's the only good one other than Dave.

[@chocolatewheelchair]

@@littleripper312I like the white guy with the beard and glasses

[@TheEGA4421]

I agree with Jade. Buy an air mattress and call it a day!

[@MichaelCarrPilot]

You can tell how much Dave respects her and her advice by the amount of times he doesn’t interrupt while she’s talking.

[@commonsenseisntcommon1776]

They call it being house poor for a reason.

[@sopharchan2022]

Atlease she in a house

[@catholicfaithofmine2664]

But you dont have to be. As others mentioned you can save and by appliances. Look for sales, garage sales ect

[@benton-benton]

Yep, and just wait til her property tax shoots to the moon.

[@uberboiz]

@@sopharchan2022 _At least_ spell correctly....

[@raymondsimmons1617]

I believe you are correct. Bit off too much house.

[@nodsib]

I love that Jade out-Daved Dave on this one and went right to air mattress on the floor until she can cash flow the upgrade. I did the same when my wife and I moved into a house, although it was a foam camping mattress instead of an air mattress. Then we slowly got everything for the house over the next year or so from garage sales and auctions, I’m probably less than $1500 into furniture for the 2200 sqf house that’s fully furnished now.

[@ninjagirl226]

I didn’t even waste money on that. I just slept on the floor, but my issue was the movers took three months to get me my stuff so a little different.

[@SammySam316]

Foam camping mattress is more comfortable too.

[@rosepetal9067]

In my experience you'd barely get 1 night sleep on a air mattress, I found the floor more comfortable 😅

[@studleyjb3172]

Or futon

[@cathiematthews1359]

You could always go to Goodwill… when I first moved out, my husband and I had $450. We brought a small bar fridge, bed, a couple of chairs, chest of drawers and a desk from Goodwill. A neighbour saw us move in, and came over a few days later, and introduced herself. She said that she saw us move in, and she could give us an old TV, the neighbour next to her had another item they were willing to give us, friends of hers had items…. It was so heartfelt and heartwarming.

[@scott4825]

We did the yard/estate sale thing.... we were haggling over this comfy living room chair, and I offered $10. Then they said $5 if you take the worn couch too. Put a blanket over the couch and kept it until we had some money and found something good at the right price. Bought a desk from them as well for $10-20 that we had for nearly 20 years. Nice furniture isn't remotely a need. A good mattress is important to me, but furniture, not so much. Also unless it is very high end, most modern furniture is really low quality, and you are better off buying used.

[@jacquelineglitter4328]

I still buy from thrift stores and people ask me if I'm rich.

[@larrywiener6327]

I had to refurnish my house and quite a bit of furniture in thrift stores and private parties

[@BJD-d6t]

Best advice. Tell boy friend to get his own place.

[@robr268]

Why? It's a roommate situation....she even said it.

[@Romerix11]

Make him sign a rental agreement

[@Diashi1267]

Can someone explain why she’s at the disadvantage and not the boyfriend in this situation? She owns the house and he’s helping pay the mortgage. He has no equity in the house. So how is she in the worse position?

[@NadeDogg]

@@Diashi1267people want something for nothing. He won’t pay for living there if he doesn’t have to. She won’t enforce it based on how she already decided to need to live large

[@mosesking2923]

@@Diashi1267 what happens if the boyfriend decides not to pay rent? You don’t make boyfriends sign rental agreements when moving in with you. Sure, she could call police to kick him out but would she actually be willing to do that? There are MASSIVE problems when bringing someone into your home and expecting them to pay rent without the enforcement of a legal document.

[@iamwinningrightnow]

I said it b4 Jade said it, get a damn air mattress and a college size fridge. The problem with most of us, we purchase stuff to impress others, not because they're needed. There is no rush in furnishing your home. Take your time. Stoppp worrying about what others will say.

[@annapatton4544]

We bought our house 5 years ago it is still not fully furnished. We got a nice bed finally just this year (before had food fence boards from home depot instead of a box spring on a cheap bed frame from craigslist. My husband thought I was nuts when offered it). We can afford it all, but we technically have everything we need and more, so instead we are paying out our mortgage early.

[@5tad]

“That’s MY mustard” I just love how Dave gets his point across 😂 So many good lessons. Thank you Ramsey!

[@genxx2724]

Yep. Roommates. Everyone wants to get past that stage of life.

[@mildredmusenga6092]

“Shack up with him” Dave is brutal😀

[@SusanneThiessen-vs5hm]

He is! But he’s not wrong and he made the point giving her an alternative and solid advice. I think Jade was more brutal with the mattress and bar fridge 😂😂😂😂

[@irenaeusofpensacola]

Jade nailed this. Dave is obviously my favorite host, but Jade and George are not afraid to jump in and give their own advice and that makes them my favorite co. hosts (Rachel does it too, but she has the Dave's daughter card).

[@vashtibascombe701]

Actually, we know that there are plenty of people who wouldn’t have that $20,000 left over after the closing on a home. Glad that she does and called in and was told not to blow that on furniture. Facebook marketplace has great things on it. If she is going to let her boyfriend move in, she should just charge him market rent for room rentals in the area and give him a lease.

[@Shortballa11]

Agreed this isn’t rlly that bad of a situation as the comments made it to be

[@vmolina2002]

I think the caller is actually pretty awesome! Retired military and had a good chunk of money saved. She's going to be fine 😊

[@tylerhanson]

​@Shortballa11 it's a big mess unless her only goal was to own that house. She's making less than me with about 3x more mortgage. If her property taxes go up at all her escrow shortage would take her out financially... the house alone is 30% of her month take home, expenses could easily be another 1,500-2000. So theirs roughly 60% of her income in household expenses and mortgage. She needs to be putting away something like 10% retirement no? Theirs 70% to 3/4 of her monthly income. I hope her cars paid for at least.

[@Shortballa11]

@@tylerhansonMost are putting 5% in retirement. SHe has zero debt so I think that includes cars. And the mortgage isnt taking that much of her income up cuz she is going to charge her boyfriend. And if that doesnt work out its pretty easy find a roommate. Considering most ppl live in debt I'd say she is doing better than average and pretty good. Just gotta make better decisons from now on

[@tylerhanson]

@@Shortballa11 ah yes, the American Dream of sub leasing your mortgage so you can pay for it

[@kay22100]

Girl if you don’t find some cheap appliances. Get an $800 bed or something. She can definitely find all of this for under 5k. She doesn’t have any other debt so she’s doing better than many !!

[@PassportBrosBusinessClass]

People who buy houses absolutely must save money because when something goes wrong it’s always going to be expensive. I bought my second house in 2018 and sure enough during the summer of 2020 my oil tank sprung a leak requiring me to spend a total of $5000 getting a new oil tank installed and the old oil tank removed. A few weeks ago, my sump pump died and my basement bathroom didn't work. $500 pump + $500 labor for a total of $1000... just to make my bathroom work. I pay it.

[@aolvaar8792]

I bought in 2011, the former owner put new roof, A/C, Paint, Windows, ($25K in upgrades). Went belly up in the great recession. I bought as a Fannie Mae foreclosure, $50K

[@spankynater4242]

She did save money, $20k worth.

[@ororomonroe8022]

Correction she saved the down cash payment, plus the $20 emergency fund.

[@paulettemart]

I did this myself but I knew what I was getting myself into. I was ok to be for a couple of months on an air mattress. My lease was up and an opportunity came and I was on a very tight budget. If you know what you’re doing YOU WILL RECOVER! Just don’t expect luxury or getting everything at once.

[@snackman2005]

She is in living large mode. She is not going to move into her dream home and furnish it like a dorm room. I can just hear the boyfriend/roommate saying you can buy this and that. You can afford it.

[@maureenogorman8740]

Yep. You got a pension. Just finance it. Why wait ? Get all this.

[@pangaeamenslijk9183]

I bought a pretty comfortable mattress for $155 on Amazon, another $15 gets you some sheets and $20 for 2 pillows. You can probably hold off on getting the bed frame. A small used fridge shouldn't be too expensive. Those would be my first 2 things.

[@KENTUCKYUSA1]

And a small microwave.

[@tuffybaxton6162]

Please don't get one off Amazon I did and it fell a part in months

[@pangaeamenslijk9183]

I've had my cheap Amazon mattress for over a year and it's been ok@@tuffybaxton6162

[@Truth-s9m]

@@tuffybaxton6162 I bought one of those off Amazon, it was called a mattress in a box. So far 1 year in and it is holding up great. Maybe you just got a bad one?

[@diegolara4202]

@@tuffybaxton6162 I bought a mattress in amazon for $500 and its already 5 years running and still ike new. My mom has hers from Amazon too and its 8 years old and still in great condition.

[@shawncho5217]

What this woman is actually doing is calling in to get permission to spend 20k on furniture. Anyone who was serious can spend 5k or under to furnish their entire house.

[@motorclubofamerica8999]

I agree she wanted permission

[@gmarie3053]

My friend just did up her place for under 5k (a large 1 bed) Is it the place of her dreams? Not yet. But it’s lovely and homely, this caller is ridiculous.

[@tashasmith1234]

5K feels like more than enough to furnish it with used items. Lots of free stuff online too!

[@nathangallagher5112]

I say under 1k for necessities only is reasonable using Facebook marketplace. All she needs to start is a bed and fridge. She will need to wait for the rest if it's too much.

[@lionheart93]

IKEA

[@vickieclark5931]

A bed and a refrigerator is really the only things she will need right away. The rest of the appliances and furniture can just get added later on.

[@jimmymcgill6778]

She'll need a mic, and stuff to cook with. But that's only like a few hundred.

[@jvalencia6876]

yeah she can go to costco for all those things

[@rory644]

Na bro she needs the 75 inch flat screen and lg washer dryer 😂

[@sinclairw5311]

@@rory644with 20k on hand there’s def room for a 60ish inch tv, bed, fridge, and I’d buy a washer/dryer all day everyday over the laundry mat. Take 5k and get those necessities in place and go from there. Keep 15k for efund. We’ve come this far…..don’t let Jade tell you you gotta be on an air mattress and a college fridge.

[@doubles1545]

Disagree with the bed. A camping pad and a sleeping bag worked fine for me for months. A bed isn’t a necessity.

[@abbyoneill4473]

I always slowly get my homes together when I move. It takes me years to feel “finished”! But I never end up in debt and I take my time getting to know my new space and how I most like to use it and move within it, so it ends up suiting me perfectly every time.

[@charityclark7910]

I got a beautiful living room set that a family in the service had in their second living room, they remarked that they never even got to use it before they had to move. $375 for a perfect couch, loveseat, and coffee table. Great deals are everywhere, you just need to know where to look.

[@benton-benton]

I'd be afraid to buy used upholstered furniture or beds b/c of bedbugs.

[@suen5006]

@@benton-benton Examine closely, buy from expensive parts of town.

[@twillybbe]

Jade is such a great addition to this show

[@MN_Engineer]

She can get a new bed, washer and dryer, and kitchen appliances for under 5K....

[@nikkisigmon8090]

Yeah, he just put a cap on her bc clearly she needs it. She needs to still do the footwork. If she hasn't learned already then she's not going to learn on appliance hunting.

[@A.McCall]

@@nikkisigmon8090True. She is clearly in need of some father-like direction. She actually thought that her boyfriend would be worse off if things don’t work out. Nope, she is the one financially responsible for the home, not him.

[@miketheyunggod2534]

All garbage. No quality.

[@timothygibney159]

Yeah in 2019

[@MN_Engineer]

@timothygibney159 I just did in 2023. It's called taking advantage of sales, and not buying the top of the line $heit... if this video is recent, then there's been crazy black friday sales all month.

[@lilstink86]

We negotiated with our first home purchase the sellers leave all appliances, including washer and dryer. We are still using those same appliances 12 years, and 2 homes later! Used appliances can be a great way to cut expenses!

[@yeswright507]

When I bought my house ($225000 fha loan) specifically for a fridge I bought $150 mini fridge and roughed it for a while. Unfortunately it is slow and methodical. I bought everything at a major second hand discount and throughout the years I’ve bought nicer things to replace them (recliners, tv, tv stands)

[@drn13355]

The big thing is when stuff goes wrong. When you rent and the roof starts leaking yuo don't have to pay for it. When the fridge stops working or the toilet explodes it is on the landlord. Assuming the payment is the only bill when buying a house is insanity.

[@littlesongbird1]

@@drn13355 That's what I explained to some of my friends who are like "your rent his higher than my mortgage paymnent!" that may be but I don't have to do yardwork or pay someone to do it and when it snows, someone else takes care of removing it. When something breaks I call the property management group and someone comes and fixes it the same day. Heck last year when I was on vacation they fixed my a/c because one of the staff heard it while he was out walking around and could tell it was going bad so I came home to a new a/c!) I am looking into home ownership but that is the first thing that I'm looking at is the monthly payment. My plan is to take the difference between that and my rent (like say if my mortgage payment is 600 less than my current rent payment than the 600) and throw that into a savings fund so that it grows and I am prepared for upkeep on the house.

[@Trudloops]

Kudos to you

[@paulettemart]

@@drn13355if you buy a used home….

[@andromeda1439]

Finally, a legit and real-world call

[@JustinCase780]

She is worried about the guy paying a "fair" amount because he is going to "help her pay the mortage" Not really. Get a lease for the boyfriend.

[@aao449]

So true! Even landlords are losing their houses to non-paying tenants with contracts much less her soon-will-be common-law husband!

[@TeeroyHammermill]

Lease won't work. He'll easily talk her out of doing that.

[@wickedbird1538]

😮😮My friend bought a house and had a boyfriend. She didn’t let boyfriend pay ANY of mortgage. He paid the utilities, food and bought some furniture. When they broke up, he got HIS furniture, but had NO claim to her HOUSE. Her next roommate was an older lady who just needed a bedroom.

[@David-wo9un]

Dave did a wonderful job answering her questions; I love Jade and love the air mattress suggestion.

[@taras4352]

When I was moving and used an air mattress while waiting on my furniture to be delivered my cat popped a hole in my mattress and caused a slow leak. Air mattresses and pets don’t go well for very long. 😂

[@susanmarie2231]

Invest in a proper mattress. Sleeping comfortably is paramount.

[@sarahschreffler5407]

@@susanmarie2231 Not sleeping comfortably might put a fire under you to replace it with cash.

[@user-ub8zg5kfake]

@@David-wo9un absolutely..NEVER buy a used mattress

[@stacycz]

I furnished my home little by little and actually it was a fun journey. She’ll be ok.

[@30jersey478]

The big issue is the 30-year mortgage, not the furniture. Her mortgage, taxes, and insurance will be almost 40-45% of her income and she doesn't have much in savings. When she factors in bills and other potential expenses, she is cutting it close, especially if she does not work and depends solely on military retirement and VA disability benefits.

[@Mikael-jt1hk]

''little by little'' is not a strategy when the washing machine blows up and the fridge starts leaking. Then you chip a tooth and strain a foot. Now you are 50 grand in debt. Congrats.

[@GoatMeal365]

I really appreciate and respect Dave for encouraging Godly principles into his financial advice. I admit when she mentioned her bf moving in, I was thinking “hmmm I wonder how he’s gonna answer this ?”. And he gave her the truth in love. May God continue to bless Ramsey Solutions, to bless others!

[@boston312]

Where is all this Godly intervention when men are getting divorce raped in divorce court?

[@ericeandco]

Congratulations on buying your house. That’s no small feat. Everything is going to cost more than you planned the first couple of years so be frugal and prioritize. You don’t need everything day 1. Shop the sales and get a fridge, stove a frame and a mattress. Don’t get high end you can upgrade later. Shop moms basement she probably has some extra dishes and pans.

[@Sevkingblade]

I totally agree with Jade. Get the air mattress and save for the appliances as you go along. Also people need to stop this shacking up business. You are giving spouse benefits without being a spouse. It reduces the impetus for taking your relationship to the next step

[@JustinCase780]

That's frugal to a fault.

[@LookingAway359]

The real key here is to buy from returns auctions. They get returns and overstock from the big companies. For example, I got a brand new, never opened, $1000 king mattress for $50. I see appliances and furniture on the auctions every week. I use Hibid auctions.

[@ccsmith2937]

It will keep her motivated.

[@matthewpiatt]

Been listening for years. I can’t even remember the show without Jade. She is a solid addition to the team. 💪

[@GigaChad_169]

Jade is amazing!!!

[@grod805]

I love her on the show I don't get why she gets so much hate online.

[@kbanghart]

​@@grod805racists

[@truthseeker3376]

Jade is awesome! Not to mention how gorgeous she is

[@DSLightning21]

8:27 - I would've gone w/ Jade's idea! I live in a 3-bedroom 2-bathroom condo alone (20-yr fixed mortgage), and I love my mini-fridge and mini-freezer (easy to transport and lower electric bills)! Air mattresses are better these days, and I had one in the "guest bedroom" for a while. 👍

[@aolvaar8792]

easy to transport?????? My next-door neighbor moved into the house in 1957, him and wife were 21.

[@TheAustrianPainter87]

How do the girls (if any) that visit feel about your mini fridge and air mattress? 😊

[@DSLightning21]

​@samamanfi7239 They love it! The air mattress isn't there anymore (replaced with a memory foam full-size bed), but the new ones these days have better leak-free materials and contour cushioning. 👍

[@MoonriseJT-Official]

I agreed with Dr. Dave on the challenges of moving in with a partner. It's tough when someone benefits from your hard work without sharing the struggle. Relationships are fine, but be wary of people taking advantage later on, especially if they haven't contributed anything.

[@jeffreyblaise3198]

lol she’s gonna be struggling ALONE! Paying everything alone. He would’ve helped contribute

[@chattingman6777]

Dave is wrong. He gave his viewpoint as a ultra conservative. Who basically endorses marriage. In marriage property is generally split 50/50 if they divorce. If her relationship with the boyfriend didn't work she would have a 100 percent of her property. She should have looked at the going rate for rental property in the area. Then based of that split it in half. While at the same time decreasing it 100 to 300 below cost. Because at the end of the day the boyfriend is paying rent for her property.

[@weswest8666]

I got a used washer dryer off Craigslist for $250 installed, fridge $150 couch was free. Just because you need something doesn’t mean it has to be brand new, everything still works btw, years later.

[@blackworldtraveler3711]

It does for me but I could truly afford it with cash.

[@bettysmith4527]

Have to be careful taking in used furniture especially, don't want bedbugs!

[@Eric_moore484]

Everyone who told me and my wife to wait before buying a house bc house prices will fall/crash. We’ve officially been priced out of the housing market in our area. A 3 bedroom semi detached house on average costs upwards of 350k. Do you suggest I hold from buying or do stocks for now?

[@JaneBlac-]

In today's economy, stocks outperform real estate, providing dynamic, liquid investments with diverse growth potential. Their flexibility is crucial for navigating economic challenges, unlike the less adaptable real estate market.

[@Helen_white1]

In my opinion, home prices will need to fall by at least 40% before the market normalizes. If you are unsure whether if to remain in the real estate market, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in ROI.

[@DaveMccarthy896]

Certainly! Can you recommend the expert you've consulted for their services? I struggle with identifying suitable investments for my portfolio.

[@Helen_white1]

There are a lot of independent advisors you might look into. But i work with Stacie Lynn Winson and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I support her.

[@ben_dukeson]

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Stacie up and send her a message. You've truly motivated me. God's blessings on you.

[@tylersanders2388]

People get rid of refrigerators, washing machines, and furniture all the time. Not only Dave’s garage sale idea, but also things like Facebook marketplace exist today. She had better make good friends with someone with a pickup truck and pay them with a couple beers. Another option (which I did) is install a 1500 pound tow hitch on the Honda accord and rent an open u-haul trailer for $15 for the day.

[@bestbudsourchannel4807]

Also, she should have him sign something that it is legally only her house or he could sue her later on for common law spouse home ownership.

[@aao449]

Yup!!! Very, very true!

[@kaykark]

There’s no such thing as common law marriage in NC or most states.

[@bestbudsourchannel4807]

There is in Arizona

[@TeeroyHammermill]

If there is a common law, it's up to a court to recognize that. Best believe it'll take around 10 years plus kids, medical bills and everything else. Simply renting a room ain't even in the ball park of common law.

[@lamar1423]

I did that. Lived out of a cooler, electric kettle, or crock pot for 3 months and slept on a cot I bought at a yard sale. Craigslisted the rest. It's doable just nerve-wracking.

[@suen5006]

Nerve-wracking? Come on, probably more like character building.

[@PC-ch1md]

Brand new ref is 800 dollars stove with oven is 500 at Best Buy brand is GE

[@dannwhitehead6193]

I bought my first house at 26, after closing I had $200 to my name, I had to buy a cheap fridge, but got the washer and dryer included in the sale price. All of my furniture was from garage sales or off Craigslist

[@PatrickLloyd-]

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?

[@hankmarks69]

If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.

[@mikeroper353]

@@Nernst96 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is the professional that guides you?

[@mikeroper353]

@@Nernst96 Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

[@wldktz1]

Downturn? Where I’m at housing prices are steadily climbing.

[@viniciusvianna3493]

Scammer thread spotted🕵️‍♂️🔍

[@bantizzle79]

She should be able to furnish the house for less than 10k. Just got to look for deals or shop at 2nd hand stores. That would leave her 10k left for emergencies. Then build back that emergency fund ASAP

[@screwdriver_bandit]

Facebook marketplace

[@littlesongbird1]

or just buy a little at a time. That is what I always did when I moved. When I moved to my new place my mom gave me her old bed with an amazing memory gel mattresses and I made a list of furniture I needed and figured out what is really the most needed and got one piece each month (luckily I had a bed which to me should always be top of a list even if it is just a mattress and I had table and no chairs so I bought some used chairs to go with it, the next month I bought a convertible love seat on sale, the month after a chair for the living room, etc. ) I mean it sucks if you like to entertain but it's more practical in the long run.

[@bantizzle79]

@@littlesongbird1 right, she could just start off with a bed, refrigerator and microwave. Then go from there little by little.

[@shz8990]

Exactly..

[@sinclairw5311]

Take 5k and get a fridge, bed, couch, dishes/silverware , w/d. Don’t deplete the emergency fund too much cuz she’s no longer going to have the extra $ to fund it with the nice new mortgage and related cost of ownership on tap.

[@megapumped7021]

You can get all that with under 3k. She’ll be ok. Go cheap at Home Depot and a mattress store. Upgrade as you make the money.

[@buffydog21]

I use credit card from Home Depot, in which I know Dave doesn't like. I bought and financed a stove and a refrigerator. I got 12 and 18 months respectively. I divided the stove and refrigerator by how much i owned. I paid it all of within the time allocated, if not before the allocated time. So, my stove was $1,100 and I divided the $1,100 by 18 months. So, all my appliances without any interest payments.

[@Girasoles]

Yes! This is what I always do with major purchases. I know he advocates no debt but if you have self control you have really use financing and balance transfers to your advantage when $ is tight. I have never paid interest on these CCs

[@buffydog21]

@Girasoles that how I do my major purchases. But, I calculate the purchase price by the amount of months, that I've got financed. I've never had to pay interest once. I'm not perfect with my credit, but I rarely pay interest. Plus, I have a 776 credit score.

[@elinat2414]

Its pretty normal to have limited cash after purchasing a house. Its the biggest purchase you will ever make in your life, after all. I know when we bought a house, we had like 12K left in the bank. HOWEVER, it is also your responsibility to assess what you will need to buy/do after you purchase. If you cannot manage the other urgent expenses (furniture, reno etc), then you cannot afford the house.

[@DistopiaKosaki]

Something that I don't understand is how old is she? She said *I been 35 years without worrying about furniture* so that means she is like 55?

[@brianbird3756]

This woman is a teenager playing Sims in real life.🤣🤣🤣

[@arijitpanda7321]

I was in a similar situation. I bought a new mattress and a new dented refrigerator, washer and dryer and everything else used like a bed, tv entertainment center, couch, tv dining table etc for $2500. And I never needed to change as well.

[@FrankS111]

Average home price is $400k. Best interest rate is between 7%-8%. To buy an AVERAGE HOME on a 15 year fixed with 20% down payment you will need $80k cash PLUS 2%-3% in closing costs. To follow the 25% take home pay you will need a GROSS YEARLY SALARY of at least $200k which is less than 10% of the population. That’s right folks….”by 2030 you will own nothing and be happy”.

[@chanvswild]

I agree partially, but home builders have been cranking out homes & every person with a house thinks it’s worth 3x what they bought it. There’s a 100million homes, most likely path here is a housing crash to relieve the fake shortage narrative

[@kellybrandon1179]

I'm already there. 2024

[@blackworldtraveler3711]

The U.S. is a big country. Average home price where I live is around $190k. Median is around $210k. Around $73k/yr after taxes for family of five. Housing,utilities,and food much less than national average.

[@timothygibney159]

Just stop eating Avocado toast and the money will magically appear 😂

[@owenson7969]

@@blackworldtraveler3711Where do you live??

[@brethoffman3520]

Do not give a man sex nor live together with him until after marriage. Living by this rule would save many women (and men) a lot of trouble.

[@lyndaslocs]

I moved into my house three years ago. Although it passed the inspection, many things were barely functional: roof, electrical, heating, plumbing, dryer, AC and a partidge in a large, dying pine tree. I've paid for all repairs in cash since then, one item at a time and I've definitely turned a corner. Still, items pop up. I've deferred big renovations like redoing the kitchen and bathrooms to another time.

[@seadragon1456]

That’s going to happen even when the home is functioning properly. The roof might start leaking from wear and tear so insurance won’t cover it. You might notice your windows leaking air, seals shiveling up and drying out, or window tracks becoming warped from the sun. You might notice your wood fence needs replaced or the yard needs leveling because it’s allowing water to pool up next to the house. You might notice the bath tub faucet leaking or a crack in your bathtub causing bigger problems. Everyone wants to buy a house but nobody warns others of all the crap they will have to deal with on top of normal repairs/replacements.

[@Bestfriend-650]

When we bought our 5 bedroom house from a two bedroom apartment, we left 3 rooms unfinished for about a year. Bought gently used furniture. Our main expenses were Fridge, washer and dryer and one can get amazing deals on those all the time. A simple excellent Fridge without any frills is cheap and same goes for a good washer and dryer without all fancy features.

[@queen.kristal8395]

please do not involve your bf ,just keep the house to yourself if your not married, if your not married if it doesn't work out he will take you to court and try to sue

[@NadeDogg]

Right! He won’t pay and will force you to evict him

[@xlerb2286]

2nd hand stores for the win. We've been fortunate in life but we still shop at 2nd hand stores. Not for everything last little thing, but for most things. Just bought a new set of dishes there in fact. Nice mid 20th century restaurant ware. ~60 years old and just like new. Total cost, about 40 bucks and that included a "keep the change" donation of about 8 bucks.

[@Thomas-po4ex]

I just bought my first home last year for around $250,000. I needed to spend less than 10k for furniture and appliances. The home came with a stove and microwave already but the majority of other items I still had to pay for or find. My washer and dryer were a used set and cost under $500 while retailing for 1k+. My fridge was a modern and well built used unit for $800. The fridge retails for 2k+. So far I have yet to need any repairs for my used appliances either. I also got a lot of other well built used furniture online and from other family/friends. Getting furniture and appliances is only as expensive as you make it. Just do some shopping and ask family/friends for help. You can find a lot of great deals and move for cheap. Furniture and appliances feel like cars to me. They depreciate like a rock. Best to save money and only buy what you truly need or feel uncomfortable with being used such as beds, at least for me.

[@cathleencaratan3373]

I bought a $550 refrigerator at Home Depot to put in my rental. It works great.

[@KinkyKoilyKayla]

Making ~70k a year with a 330k house is insane Bed on Amazon is $300, mattress another $300, washer and dryer about 800-1k, fridge is like another $800, couch on Amazon or wayfair is $600-1k. She can do it under $5k

[@unclelive6918]

You have seen anything yet

[@DanielCurrier]

Thanks. Actually, it could be done for even less!

[@bluboi921]

Thank you!!

[@truebengalsfan]

She gets 35 tax free and she has a bf

[@kbanghart]

No.. she paid a down. She doesn't owe 330k.

[@wb624]

Its crazy to buy furniture brand new if you're starting out. I furnished my home with all used furniture and a few new items (mattress, cheap cube shelfs) but i was able to get solid wood furniture used that still has many years of life left in it and i didnt have to drain my bank account for it. And i certainly didnt furnish my home overnight. It took a good few months to get enough pieces for my home to function properly. All together i spent about $2,000 to furnish my entire home and that was over the span of 5 years to get to the point that we dont need any more furniture at all, unless something catastrophically fails then i'll be searching marketplace for a replacement

[@emoney1231]

A mini fridge, little electric hot plate, and a mattress you put on the floor can be had for under $500.

[@Jdonaleshen]

Facebook marketplace can help you furnish it cheap. Time to pick up a part time job.

[@BE2001]

When you can only afford a $250k house, but you REALLY want the $330k one

[@kovu159]

In most of the country a $250k house doesn’t exist. In my city the nearest $250k condo is in another state.

[@BE2001]

@@kovu159 I agree that prices are out of control. Overpaying and being house poor is a terrible option though.

[@MrStv1163]

@@kovu159 She's in Charlotte, NC. I did a quick Zillow seach and there are lots of condos with 2 bed/2 baths in the $200K's and some even in the $100K's. It's still a big step up from renting a room and it would be hers, and a lot more affordable than this house she bought. Plus utilities and maintenance/upkeep costs are a LOT lower than they are in a house. You'll have an HOA to pay, but it's offset by lower utilities and no worries about exterior maintenance items like the driveway, roof, siding, etc. I found a nice one in Charlotte with a $465 HOA fee, BUT when you read the description, that includes water, sewer, internet, cable TV, heat, and air conditioning! And it comes with appliances 🙂. Imagine not having all of those bills! In a house, in summer alone in the south, you'll blow past that running the AC + other utilities and services.

[@MelissaCoup]

Who wants to live in North Carolina?@@MrStv1163

[@resaboutb.9566]

Had an air mattress for almost two years, until one of my cats clawed it. I actually tried patching it up, but it was never the same.

[@JakeStewart1343]

We were planning for a child after buying our first home so an inflatable mattress was a nogo for us! 🤷‍♂️

[@janwells2199]

YES! Thrift store furniture, laundromat, hand-me-downs, garage sales.

[@Julian-zc9vm]

“I decided to go on a road trip vacation and ran out of gas halfway, now I’m FORCED to use debt to buy gas so that I’m not stranded”

[@littleripper312]

Great metaphor.

[@williambartlett364]

Not the worst situation. You can always furnish a home slow. Stove, refrigerator and a bed are all you need to get started.

[@victors16811]

It’s funny how people say “I bought a house”, “that’s my beautiful house” when in reality you’re a tenant for the bank

[@TerryOnDemand]

She could easily get a bedroom set, fridge, stove, and washer/dryer for under $3000. Get the cheapest brand at the store.

[@BoeRiden]

Really Dave, $5,000 on a bed and mattress? Wow… our $400 mattress from Costco does just fine thanks

[@cnmckenna]

Millionaire logic.

[@Romerix11]

And costco has amazing warranty/return policy!

[@mingustheloud]

I was thinking the same lol what appliances and beds do these people own. Beds and refrigerators aren't that expensive if you cheap out, even when you go with a good bed.

[@lindap.p.1337]

He means for her to buy what she needs, not just a bed and used appliances.

[@flp376]

My 255.00 big lots mattress is doing wonderful 15 years later lol.😂 minus that one spring. That is an average of $17.00 bucks a year for our bed. 5k is 1/10 of what I paid for my entire house.

[@Abelram1153]

I just bought a new Fridge, Microwave, Stove, and Dishwasher for $2,500 - Lowes. Our new couch was $1k and dinning table $700. You can get a good set of washer dryer for $1,200. So $5,500 can get her pretty much all she needs for now… Bed can be VERY cheap.

[@mandysimmons2769]

Thrift stores on the rich side of town can have amazing furniture too. Too bad they don't have half price days like they do for clothes. I wanted a phone table and found one in a cul de sac trash curb side for free. I put that it my car so fast my head was spinning. LOL.

[@crashtestdummy1972]

Heres my plan for this, take 5k of the 20, like dave mentioned, get a bedroom set bundle (shop around) for around $1,500. Bedroom is done, i get a used set of washer/dryers $250-500, a new fridge $500-1000, living room furniture 1500 and whatever else left over, kitchen utensils and small appliances. Everything else besides that isn't extremely necessary, and you can cash flow the rest.

[@irvinsanta]

This is me with my 3k monthly payment. However, i feel more motivated than ever to grind!

[@Janomlk]

I’m from London, England and amazed at how much the average American earns and how cheap the average American house is. Despite this, everyone seems to think that they’re not going to cope financially? The average Londoner earns around £40K ($50K) elsewhere in the county the average salary is around £27K. Nowhere in all of London can you buy a one bedroom flat for less than £350 (probably around 400 square feet) a tiny two bedroom terraced house in the part of London where I live, Richmond, would cost around a £1.5 million pounds. We’re all degree educated, working in respected professions yet seem to earn half what you earn with expenses 4 times higher. Your quality of life (financially at least) is something we could only dream of!!

[@FrankS111]

Housing affordability is at all time lows and will continue to get worse.

[@eegernades]

Yep. Proprrty values need to be forced down. Best way to do that is lax zoning for apartments in suburbs, and build even more apartments and homes.

[@bettysmith4527]

No thanks to living on top of each other!! @@eegernades

[@JakubVacek42]

Idk but $20k sounds great and slowly furnishing it up could be fun. You just get the essentials, everything else just scraps and donations and then you upgrade along the way. She can easily do this with $5-10k so still money left for smaller emergencies.

[@thejenerick1]

She'd better be careful, depending on her state the boyfriend could become her "commonlaw spouse" if he lives there and if things go south, he could possibly stake claim on the house. I don't know if that's accurate because I'm no attorney, but she should consult with one before he ever moves in.

[@boston312]

Yes many states have common law marriage. The good news for her is that the courts rarely enforce it if the female is the breadwinners (although it does occasionally happen). Always best to avoid getting married or cohabitating but if it has to be done at least try to protect yourself with a Prenup.

[@kara2162]

Why would you max out your budget to the point where you can’t even buy an oven? My dad said he has seen many new neighbors move in that can’t afford to buy a snow blower (in Minnesota). These are half a million dollar houses.

[@benton-benton]

First called needs to know that property tax and insurance will always be going up. She needs to look ahead. Owning a house is never ending expense.

[@sinclairw5311]

Nor does it generate income so it’s like a double whammy. But but but…..the “American Dream” they sell you

[@benton-benton]

The American Dream becomes a nightmare when property tax doubles. @@sinclairw5311

[@ricksanchezsflask8794]

But my realtor said the house will pay for itself in a few years

[@sblijheid]

Get a sleeping bag for cushioning and use your sheets and blankets to cover.

[@AtotheZ7]

This is why when I know someone is planning on buying a house I tell them to make sure to have an extra $5,000 to put into it. When my wife and I bought our house we had to buy a lawn mower, fix a couple things, law equipment, and etc.

[@user-mv9tt4st9k]

My husband set aside $15,000 for incidentals. We fixed plumbing, bought patio furniture, a storage shed, and a used washer/dryer. I think we spent under $10,000😊. 😉

[@JakeStewart1343]

​@@user-mv9tt4st9kYOU CAN'T AFFORD PATIO FURNITURE! What you need is rice and beans, beans, and rice!

[@lemaitrethemonk]

I am so grateful that I found your channel several years back and have applied your financial principles in my life. I am closing on a house in two days, and I applied the 25% income rule to the house. All of my living expenses with the house equals 40% of my monthly pay, take home pay after taxes (mortgage, gas, electric, water, trash, internet, taxes, insurance, etc). It took me six years to save for my 20% down payment and I am purchasing a house, in a nice neighborhood, well below my means. I am getting a bit of anxiety just listening to the lady's story.

[@LiveLeveLeviL]

She should have him pay utilities, which are things he actually uses, so that would be *closer* to equitable considering the house is hers… i really hope she’s not counting his income to afford the home..

[@ricksanchezsflask8794]

I'm sure she is....

[@truebengalsfan]

As nice as it would be for people to afford everything on their own most people need help from someone

[@danielwebster7030]

Whoever that caller was; it will not end well. These types of situations are DOOMED. The first time an argument occurs: my house, my rules. This is how fights occur with blue lites in the driveway at 3am. Neighbors watch too. Don't EVER shack up! Never. Never good. Marry or don't. Paint or get off the ladder is correct.

[@digitatissue8502]

I liked the advice Dave/Jade gave. I have to realize that I would need financial padding before purchasing a property. But how much is reasonable to set aside? Is there a % for that? Assuming the house is nice/new-ish.

[@MT-yx5cu]

Good question, I would like to know as well

[@alanj9978]

There's always something. I bought new in 2016 and it honestly felt like I was at Home Depot every weekend for like a year just getting lawn and gardening stuff and tools and hooks and hangers and stuff. Never mind having to put blinds on every window, and putting in networking gear. And now appliances are starting to break down. Owning a house is expensive.

[@MT-yx5cu]

@@alanj9978 oh wow, did you purchase your appliances brand new when you first moved in? Homeownership does seem to be really expensive sounds like a bit of a headache. The only appeal I see so far is a fixed payment for shelter and no noisy neighbors living on top of me. Im still on the fence about buying.

[@alanj9978]

@@MT-yx5cu All the major appliances came new with the house. I think owning is definitely worthwhile for sure, especially long-term, but you really need to know going in that the mortgage is only the first of many demands on your cash flow.

[@seabee750]

W​​hat they don’t tell you is that the mortgage isn’t necessarily a fixed amount. When property taxes go up, so does the overall mortgage payment. When insurance costs increase, so does the mortgage. That 15 or 30 year mortgage does not necessarily stay static for the life of the loan when factoring in combining taxes and insurance into your mortgage responsibilities.

[@fawadshahid2735]

$5000 is enough to buy a washer dryer regerigerator mattress bed sofa and couple other stuff

[@RJRussoVids]

This situation was manageable till she mentioned the live-in BF. 🤦🙄

[@Europa1749]

Dip into what you have and get the bare necessities, a fridge, stove, washer and dryer. Hit friends and family up to see if they can donate something. It doesn't have to be stylish. It just has to be functional.

[@cw5948]

She didn’t have to put so much down. Didn’t even eliminate PMI.

[@suen5006]

Well it's too late now!

[@toddprater14]

No she needed to come up with 2% more down to eliminate pmi…pmi would be what 100 a month on that house price…screw paying pmi this isn’t 2002 where you put 5% down get pmi on loan and immediately refinance like I did back then and now the loan goes off what it’s worth verses the sale price…I only paid pmi for 2 months back then….people need to understand don’t buy till you got 20% down..no pmi and you got equity immediately into up your home…refinancing to eliminate it are more closing costs again.

[@CarlosValenzuela-sx9xb]

What is PMI?

[@404TRUCKERTV]

I bought brand new washer dryer set with tags on it. $150 Craigslist.

[@listerinr]

The definition of house rich and cash poor.

[@caitlinstratton112]

Long time HUGE fan! Dave is kind, not sweet. But kind. He comes off strong but can because he has proven to be kind. Jade. She doesn’t have that reputation yet. Girl needs a little empathy and to slow her roll if she wants the fans and respect that the other personalities have.