Should We Buy a House on a $25,000 Income?

Should We Buy a House on a $25,000 Income?
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[@chupaperro4]

"Education without a game plan is a waste of time" - Dave Ramsey

[@hirambright9357]

And money

[@kalixond]

Agree

[@BIBLE-a-s-m-r]

❤

[@user-yc7jr7of9y]

Not always true

[@blackonblack...9244]

Dave got the Adidas jumpsuit on like a Russian, lol!

[@TheRosswise]

Yeah I was getting Niko Bellic vibes.

[@ID2011]

😂😂

[@shaynebuchanan1]

I love those adidas track suits.

[@ayela562]

Eastern Promises Ramsey 😂

[@perreira831]

Dave is a straight Money Boss

[@crisc5890]

Sell the car, sell the kids , sell the wife then buy the house

[@aserillll]

Lol she should sell him. He ain’t bringing in any money

[@Jay_88_]

@@aserillll 🤣

[@GuillermoRodriguez-gu3oq]

And the dog

[@TJ-eb9ex]

Rice & beans, beans & rice

[@esonon5210]

Can't sell the wife, she's the one with an actual income

[@ryant2568]

There is nothing wrong with renting if it allows you to get into a better financial position.

[@TheSAD999]

Sorry deleted my comment I misread your post. :)

[@random-nz7dy]

Exactly. The whole universal renting is throwing money away idea is bad advice across the board. It's not that long-term renting is ideal but home owning when you aren't ready is a bad idea.

[@tasiawood]

Just don't rent forever and a day. Save enough money then move on.

[@keepitreal5317]

Ehh usually renting is more than a mortgage, granted there are less strings attached, its a growing investment.

[@insidewittsworld4620]

Yeah, renting isn’t a bad idea to get financially stable. Think about all of the problems you run into while renting, you call the landlord and they fix it at no cost to you. Once you own a house every problem you run into down the line is your problem. So if you’re not in a good financial spot and you buy a house and your A/C goes out you’re gonna be in a bit of a bind there.

[@wildemal]

My husband was a "dialed in" veteran who used his GI bill to get his masters degree in real estate finance after completing his military service. His education was paid for, we got BAH while he was in school, and now he works for a developer making $120k/year. If veterans do anything with their benefits, please take advantage of the GI Bill. It can change your life!!

[@USArmy19DScout]

I would never be where I am without the GI Bill. The BAH made it so attractive to get a good degree.

[@Shadowwind4]

Glad to hear it! God Bless both of you!

[@unlisted8042]

Blows my mind when I see fellow veterans wasting their GI bill on a criminal justice degree because it’s easy.

[@Sexy40baby1]

he needs to decide what he wants to do first

[@Lisa-vu5vi]

Yes! ^^^

[@joshanderson7880]

Tfw I say "better than I deserve" on cue but Dave actually responds with something different 😱

[@Sexy40baby1]

don't pile all those expenses on your wife's small income

[@djpuplex]

$25k in Tampa ain't doa ble. Really ain't doable anywhere.

[@NiceOCGuy1981]

Was doable in the 50s.

[@4door_papi]

@@NiceOCGuy1981 but thats equivalent to 70-90k these days tho🙅🏻‍♂️

[@matthewmorales4817]

Doable in Louisiana but won’t have much money for savings.

[@NiceOCGuy1981]

@@4door_papi pretty much, which is not always enough.

[@4door_papi]

@@NiceOCGuy1981 meh be smart 40-60k it can be done just gotta be smart

[@DaveM-FFB]

First thought should be INCOME. Second thought should be SAVINGS/INVESTMENT. Third thought should be EXPENSES. Don't make plans to spend money you don't have.

[@alexiswhite3979]

Successfull people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[@sarahjonhson9684]

Trading with an expert in the field is the best, Have been making a huge return from my investment since I meet Mr Ronson Baylor one of the best in forex trading investment.

[@willisrobert6245]

Wow I'm just shock someone mentioned and recommended expert Mr Ronson I thought I'm the only one trading with him.

[@willisrobert6245]

He has been handling my account for years now.

[@ashleybrett8913]

You don't need to be shock because I'm also a huge beneficiary of expert Mr Ronson.

[@ernestjames3397]

Wow I just make my fifth withdraw today trading with expert Mr Ronson. indeed he's an expert.

[@brianafranklin8164]

Why would you even want to buy a house on $25K...

[@Laure_Travels]

He can survive in Oklahoma

[@enrivaldez41]

im a millennial and i felt that :(

[@TheMahonj]

Because it’s cheaper than renting. I bought a house on that level of take home income. The less you make, the more attractive a low monthly payment is.

[@butteredbread1756]

Renting stigma

[@Sexy40baby1]

many many years ago i bought one making less than that. oh how times have changed

[@jazzymichael]

Gees, this guy doesn't even know what he wants to study in school, literally doesn't make any money, and wants to buy a dream house on his wife's $25k yearly income. This is some single digit IQ type of thinking

[@BobbyMucka]

GI Bill will pay him a non-taxable 1,600/mo while he's at school.

[@unlisted8042]

You are not allowed to count the GI bill as income when buying a home. I know, I am a Veteran. He needs to work on having a better plan. There is a reason he’s being kicked out.

[@DaMu24]

Theres a reason he's leaving servict

[@justme-ti1rh]

I got a house under that income. Best thing i ever did

[@bartsimpson4080]

@@justme-ti1rh man what state are you living in

[@MM-el9fv]

I didnt realize trap houses are now considered dream homes.

[@mplslawnguy3389]

A great source of tax-free income though.

[@patrickcrehan2383]

I bought my first rental with 23k income. Saved up every penny for it. Then, I did it all over again, rented the first house out, bought another and now my income is significantly higher. I am about to do it again and have two single family rentals at about 1.2% rent to value for each property. It can be done.

[@nu3salud]

How and where? Did you apply for a FHA loan or conventional. I’m in the same spot with a 25k annual income

[@missdesireindependance5194]

Did you rent during this time before you brought your first property? What was your strategy?

[@antthetrucker4013]

@@nu3salud did you end up finding out?? What do we qualify for a fha or conventional??

[@PippiOnePointOh]

I’m getting strong boomer vibes.

[@helenhyde7489]

Buying a house is great, but there ain’t no shame in renting.

[@ID2011]

This is a nobrainer, do not purchase a home on that small income

[@TheMahonj]

I financed a house a few years ago on about 25K take-home income and it’s been one of the best financial and life decisions I’ve made. It’s actually cheaper than renting when it comes to the monthly payments to buy compared to renting, plus you build equity over time and have control over what you want to do with your own property. That being said, I was single at the time. A wife and two kids he said? That might be very tough, but then again renting on that will be very tough too...

[@groofromtheup5719]

Small income, buy a house with a small price. Plenty of places that have livable houses for far less than $50k.

[@armandol1826]

@@TheMahonj you can't even rent in my area with 25k a year lol

[@SarahR2D2]

@@groofromtheup5719 Not in Florida

[@elitestar]

@@TheMahonj Being single isn't a plus. It's a negative, which makes it even more miraculous that you were able to finance a house on a 25k-a-year income. When you have a spouse that mortgage gets cut in half when you both are able to pay it. That being said, it would be impossible to find a house in any coastal state for that.

[@erickn7985]

Dave look like a Russian Soccer coach;but yeah 25k is nearly impossible to live on. HIs wife has to change jobs asap🤷‍♂️😂😂

[@boomn216]

Sad you can’t afford a house on 25k a year. Prices are so expensive.

[@4147rross]

This is 100% the same situation my wife and I are in right now. I got out of the Air Force in 2014 and just started school targeting an engineering degree. Our plan is to graduate with no additional debt and once I have a job with the Army Corp of Engineers save up money until we have 20% of the down payment for a house. We are doing this while my wife is pregnant with our first child.

[@alicea5]

>.> I make 30k a year and I can pretty say I have already thrown out the door my dream of owning a home. I can save like a manic and I’ll never be able to buy a home without going broke. I’m about ready to give up all worldly possessions and go live the van life. Yup.

[@missdesireindependance5194]

Look into mobile homes

[@derekrank4572]

dont know why everything is so complicated for people to understand. you either have money or you dont. if you have money you buy what you want.if you dont have money you settle for whatever you can afford. stop trying too do what you cant afford

[@lymarie1974]

Thank you. This is how I was raised in still live by. Do the best you can until you can do better... in my moms voice “ if you can’t afford it then your answer is NO” 😆

[@BrandonMinguez]

Since they’re also moving back to a new area, it’s definitely good to rent. That way they can spend some time browsing the areas that would be great for them to live in and save up during that time.

[@ozzyngcsu]

Dave is clearly misinformed about the VA loan. After about two decades of constant war many veterans are disabled and do not pay the VA funding fee. On too of that the rates are typically .5-.75% lower than conventional financing.

[@torxx12]

Construction is the best way to go for anyone who doesnt know what they wanna do for work, its the only job u will get that doesnt need a degree, and will pay more than someone with a degree

[@dylancrossfinance]

Definitely rent until you have a steady a job and a solid income.... Unless you're living in a cardboard box or something..

[@nickm1587]

He wants to start school immediately to get the housing allowance

[@Azidoazideazide.]

Exactly, I guarantee you he will not follow Dave's advice at all. Especially if his wife isn't on board she's the one supplying this idea of a dream home.

[@theblackknight9783]

Housing allowance for when you go to is for 36 months. If he hasn't found a decent paying job by then, he in a jam of a pickle when that benefit runs out.

[@davidchrist428]

@@theblackknight9783 Plus they don't pay you for months you don't go to school...

[@tjbalistic]

What kind of govt contractor work gets you "20 to 25k" a year?

[@cindylong624]

might work on the base

[@khadijahjones2460]

Depends some are entry level don’t require a degree type of things

[@SamWesting]

Working as a cashier at a commissary, maybe.

[@davidchrist428]

@@SamWesting that's what I was thinking...

[@mroctober3583]

Red States pay the lowest so I'd start there

[@TDBee09]

The VA loan is a great loan if you had a certain disability during discharge bc then all fees are waived. We still saved for a down payment on top of it. Just because you don't have to do a down payment doesn't mean you still can't.

[@jimmyd7975]

Btw Dave, GI Bill pays you BAH (housing allowance) at the E-5 rate, while you're in school.

[@ronaldcliffin9020]

And the book stipend.

[@BobbyMucka]

Its non-taxable income too.

[@suttsd]

Yea but who wants to buy a house based on an allowance

[@unlisted8042]

BTW Jimmy it’s called MAH not BAH and it isn’t allowed to be used when buying a home.

[@ronaldcliffin9020]

@@unlisted8042 I'm sure he was just noting another benefit of military service. If so, unless they changed it, Basic Allowance for Housing is the monthly issuance to pay for rent and I'm sure it could be used towards mortgage payments as well. If I were attending school right, now that is absolutely where that benefit would go toward.

[@alladreamwedreamed]

I know most people are opposed to mobile homes and I understand they depreciate in value like a car - BUT - they can be a good stepping stone to home ownership. The costs will be low and will allow you to save toward a traditional build home when you are ready to settle down. And then you can rent it out when you move on to your new home. You could also consider living in an RV for a few years...

[@missdesireindependance5194]

This is what I’m doing. I was able to save $14k towards my new home.

[@LafeJames]

Sorry my man 25k is child's play. We were making that in high school. Time to level up.

[@katy3901]

Your attitude is rotten.

[@LafeJames]

​@@katy3901 Sorry girl that's the truth. My attitude is what got me to where I am today. It sounds like you need some motivation too.

[@katy3901]

@@LafeJames you're just being a bootlicker. Show some compassion for other human beings my lad. I've plenty of motivation; we're just motivated for different things.

[@katy3901]

I'm pretty sure you'd miss the products of low-wage labour if everyone suddenly "leveled up". You can't demean people who provide a service you benefit from.

[@LafeJames]

@@katy3901 Bootlicker. Far from it, but I like that word. It's cool how you summed me up based off of one YT comment. This video is about thinking about buying a house on a 25k salary, which is just ludicrous. I'm not one to coddle, so I invite aggressive motivation and that works for me. Not sure how suggesting to level up is demeaning...we clearly come from very different walks of life, and that is okay. And yes, I would miss the products of low-wage labor, just as many would miss the products of the work I produce. Luckily for us there is an army of individuals that will never "level-up" so no worries there. However, there is always room for improvement no matter who you are, or where you are in life. That is the real message here. I'm sorry you see my statement as un-kind. That is not my intention by any means.

[@Jimfromearthoo7]

Yes! Either buy a teepee or an igloo!

[@Michael-vf2mw]

I can build ya an igloo for 10 grand.

[@canadianjatti]

an igloo in florida? LOL will melt :(

[@Michael-vf2mw]

@@canadianjatti Ah... good point. Multiply the price 100X then, so I can set up the refrigeration system around your future home.

[@Jimfromearthoo7]

@@canadianjatti I guess then a teepee!lol or how about a motor home?

[@Jimfromearthoo7]

@@Michael-vf2mw I’m thinking teepee or maybe motor home.😂

[@davidyadegarians6963]

It’s impossible to buy a home with 25k income

[@mocheen4837]

We worked and saved until we were 30 to be able to buy a house. We had accumulated $300k to use for a down payment. I wish that we had purchased a home sooner using less money down as prices nearly doubled.

[@dababycar2899]

There are houses near me that are under 100k

[@Laure_Travels]

Yes in Oklahoma house are only 50K

[@shaloon64]

Not impossible

[@davidyadegarians6963]

In Orange County California 100k/year is not enough salary to own a home

[@lymarie1974]

As a preschool teacher I make this a year and I know I can’t get a house. So I continue to do affordable housing.

[@elizabetha8565]

He said nursing which is great I'm a nurse and I always have an option for double time or overtime.

[@MacshaddyMarie]

Definitely agree 100% with what they said about schooling! I was the person that wasted her time with a CRJ degree not having a detailed career plan starting college and thought she would figure it out on the way. DONT BE ME!!

[@KiLLED5639]

I was the same way when I left the service. It didn't work out well for me.

[@CaseyBurnsInvesting]

The GI Bill is great but until you’re working you don’t need a mortgage. After you’re working a VA loan house hack is beautiful path to wealth.

[@appleforever6664]

Your an idiot, VA loans have higher rates!

[@devinkipp4344]

@@appleforever6664 rude for no reason

[@appleforever6664]

@@devinkipp4344 - The truth hurts. Thanks for playing.

[@skibum6422]

@@appleforever6664 Mine wasn’t. So who’s the idiot?

[@appleforever6664]

@@skibum6422 - Prove it.

[@cancel.lgbtq.6892]

What kind of control substance did this guy been using? 25K is enough just to buy tent and set it up under freeway.

[@Younghypes]

🤣💯

[@liztownsend9136]

Go do plumbing or electrician. they are the ones that are needed and well paying.

[@ashleyjones5396]

Dave looking around the studio for the rest of the money to buy a house lol 🤣

[@GottuboiBeachVolleyball]

$25K a year is impossible to buy a house not even in FL. The banks will not approve them a loan if they see their household income. Keep renting.

[@Leclaudservices]

Is 50k enough ?

[@Alexis-wh2de]

The median home price in Seattle, WA is $269,300 and Florida home prices aren't that far off either. Exactly what home are they looking for on a $25k (gross or net) income? That number needs to be at least double net just to make sure he and his family can afford to live and create an emergency saving for housing maintenance costs on top of that.

[@livingunashamed4869]

It would be way better if they had a great down payment. They could get a house if they put down 30% and get a smaller home.

[@matthewwilliams9200]

yea if they keep saving til they get the right amount to make their payment low. but without him working that 25k means they can pay a 520per month payment and keep the rules. just pay down enough to get your payment below that 520. but realistically they cant pay no more then 250 a month and live. hes got to work. besides that 15k is the emergency fund he can't use that for down payments

[@jengable4888]

I would agree 100% ! He should sit down with a career counselor, take a Myers Briggs test which can guide him on the right direction toward a career that will fit his personality, skills, etc. From the results of the test, the individual can create a solid career plan/path which may or may not include multiple years of college (depending on the career). Also, if he buys a home (if they qualified) that is a "fixer upper", they may end up spending more monies trying to fix the home than the home is worth (equity). He should take his time, speak to as many professionals as possible that can guide him and his family in the right direction. Also, if they had $15k in savings, perhaps they should invest a portion of that in a safe, low risk, higher interest account, perhaps CDs or other mutual funds. Good luck !

[@ronaldcliffin9020]

I don't find that VA loan info to be entirely accurate in my case. That must not have been a blanket statement.

[@TheLivedeath]

It might be the case for people purchasing with little money down. But for 20% down conventional buyers. It will most likely be lower interest rate. Not including lower APR since VA loans roll fees into it.

[@lesabri]

our house is about 800sq ft and we had to make more than 25k a year for a mortgage

[@jackandrews7878]

Live in a car or homeless shelter until your able to be financially secure enough to buy a home. Not comfortable or ideal, but it costs $0 and is a pretty straightforward and logical solution. Do what you have to do

[@LittleMopeHead]

Dave: "Sell your GI Bill"

[@matthewwilliams9200]

you see how they aren't panicking she makes 25k a year and they aren't panicked. that's because they have NO DEBT.. 15k in the bank they've done really good they just need to be intentive and deliberate on what moves they make going forward. and remember 15k is emergency fund only

[@wewhoareabouttodiesaluteyo9303]

You could be homeless and debt free.

[@wewhoareabouttodiesaluteyo9303]

If the cost of living aligned with the minimum wage (raised on inflation), a house should be $113k right now. But because the cost of living has increased so much, it makes this next to impossible. $0.25/hr. for a house priced at $3.9k in 1938. $7.25/hr. for a house priced at $113,100 now

[@signsofthetimes886]

Dave about to go run a marathon after this call.🏃‍♂️

[@KiLLED5639]

I know this was 2 years ago, so I'm just writing this as food for thought. Buying a house on $25k income, not a good plan. Living of BAH/MAH from the VA is a decent plan, but not a long term one. He should consider becoming a CNA. He'll be have a job right away once he finishes the certification course. As well, it will give him an intro the nursing field to see if he likes it or not. I'm not sure though why he didn't mention getting a nursing associates degree to become an RN. Maybe he meant he was taking classes to fill his prerequisite courses so he can get in the Associates degree nursing program. He should be careful with going into a 4-year program because he won't have anything to show for it if he doesn't finish the whole program which can take longer than 4 years sometimes. As far as BAH/MAH, as long as it's an institution of higher learning, he'll get the highest BAH/MAH for his school's area and whatever his course load is. I think he should consider other associate's degree programs at his CC like medical billing/coding, medical assistant, dental assistant, dental hygienist, etc. The biggest fear I have for him is that he starts a program and doesn't finish it.

[@SoulfulDisko]

His NCO needs to talk to him. He needs to stay in the military and keep climbing the ladder. It's all cool, fun, and games to say you're getting out of the Army until you realize that check isn't hitting the 1st and 15th anymore and you lose all the benefits.

[@KiLLED5639]

I'm sure he's done fine. He just needed to do some research, but not having that income coming in very scary.

[@hollon1697]

Is the house made of rice and beans?

[@GT500MAYHEM]

VA loans are not a trap.. lol. I have had interest rates the same if not better than conventional loans... on two seperate houses.

[@TheLivedeath]

It might be the case for people purchasing with little money down. But for 20% down conventional buyers. It will most likely be lower interest rate. Not including lower APR since VA loans roll fees into it.

[@kevz34]

Facts! Just bought a house and got a 2.99 interest rate.

[@janicenunn8525]

on that income you qualify for Habitat for Humanity Program, you help build it. FL is getting expensive....

[@waynepetersen9082]

As a vet, I would say go to school part time and at least earn some of your housing allowance and get some decent cash flow. At the same time, get a part time and figure out what you want to do. You’re not wasting money if the military is basically paying you to go and take classes.

[@415sf305]

If we are not in war and if the military isn’t training people to have set skills then what’s purpose of joining the military

[@kingrose1215]

CAN WE TALK ABOUT DAVE'S TRACK SUIT HAHAHA😂😂😂

[@edwinf9999]

If you buy one how will you afford to maintain it?

[@xDokuhabix]

Dave sporting that tracksuit gives some major wise bully vibes 🤣🤣 saying this very lovingly

[@Sara_The_Feral_Housewife]

I don't think Dave knows enough about the GI bill. You get BAH while going to school which is nontaxable income. If this guy bought a cheap house that his BAH covered it wouldn't be that bad of an idea.

[@a-a-ronbrowser1486]

This kid needs to get put through whatever transition class the military is putting on now

[@plants4thewin]

You arent going to get approved for a house on 25K...what is he talking about? Not making any sense, plus an annoying voice....Im out!

[@missdesireindependance5194]

I brought my home with a $25k income. It depends on how you manage your money.

[@canadianjatti]

you can with a large down payment

[@wasbii22]

@@saulgoodman2018 25k back then is 150k now so what's you're point 25k house isn't very doable

[@wasbii22]

@@saulgoodman2018 so am i

[@groofromtheup5719]

I paid cash for a house with a family income of about there.

[@ayylmao8879]

Dave out here lookin like Killa from Escape from Tarkov

[@MillionaireMindsetClub]

Keep saving and hustling, 25K is not nearly enough..

[@JustAName-it5qp]

*At court for child neglect Your Honor, some guy on the radio told me to sell my kids

[@windsongshf]

25k or 125k? As of 125k the norm. Unless it is these days?

[@thinkforyourself9334]

$25K...Big salary his wife is making 😁

[@Zaerki]

125k is probably more common than 25k. After tax, you can hardly breath with that income.

[@costco_pizza]

@@thinkforyourself9334 And in Seattle of all places.... ouch.

[@Jobysworld]

That was the longest question I've ever heard in my life

[@adove458]

“Big Ramsiers”

[@jjcelica1126]

Its going to be difficult finding a decent place to live here in Florida with a 25k income when everything here is getting expensive

[@groofromtheup5719]

so move to some-place where stuff is cheaper.

[@valeria-militiamessalina5672]

It’s so unpleasant whenever he starts squealing.

[@Solunatic02]

You can get in a CNA or LPN program at his local community college or universities.

[@socratesvijayarangan3929]

Thank you.. God bless.

[@kennethturner9140]

I would see how well his military experience would translate to a GS position or a consultant position with a Booz Allen Hamilton or a Grant Thornton. He could probably double his military salary jumping into consulting with no college needed. Something to think about if he's digging around in the comments.

[@rjs11189]

Good point. Most of my buddies got out then worked for Booz Allen after being enlisted intel analysts. They make BANK. And he sounds like he's still got some oorah in him, but was forced out.

[@kay22100]

Thank God the have no debt!! He’s ahead of the game there

[@esotericslayer6004]

Amazon is paying $15/16 and I think Walmart are now advertising claiming $16/17.50 pay in some states. Don’t know if true.

[@vigorlilover]

Walmart will easily start someone at $16/17 an hour especially if you have customer service experience. But I live in California where that’s nothing. I don’t know about other places.

[@mocheen4837]

My daughter is a senior in high school and she makes $16 an hour working at the mall. She just received acceptances into several UC colleges and will be going into medicine. She has been saving all of her money for college.

[@CaBdosdos]

That comes out to 25k after tax lol

[@honeyfurfarm2182]

I live in Wisconsin and I believe Walmart is like $13 starting and even subway pays $12/hour. Macdonald is $10/hr.

[@TheePrettyGirlSwag]

I have a relative who just got a VA Loan @2.25%. And he was smart and put a huge down payment down on his own.

[@nestam6844]

Great title

[@TheTbabylati]

25k? You can make that at McDonald’s. Even with the GI bill they wouldn’t even be 50k. No

[@TienHuynh5312]

Buying a house in Seattle? I am making $50k, having a wife and no kid or debt, and I am not even thinking about it.

[@groofromtheup5719]

so move!

[@IamtheGL]

@@groofromtheup5719 so blocked!

[@Counting3s]

Why didn't they ask what he did in the military? I feel like that is important information. Was he a grunt or was he in intelligence

[@ThiccBobby888]

Definitely wasn’t intelligence.

[@janah2584]

Houses in Florida skyrocketing the prices it’s terrible..

[@Robert74450]

There are some home in a few pockets of Florida that you can buy for that kind of money but they are few and far between talk to your folks

[@stefan18375]

Make sure you go to the VA and file for compensation after you get out. Also, if you need work you can work as a work study at the VA, as long as you are enrolled in school and using the GI Bill.

[@mroctober3583]

What is a Work Study at the VA?

[@BIBLE-a-s-m-r]

I wanna know what lifestyles by financially responsible people look like in different levels. 25k-200k

[@KillerKolt44]

They are knocking 25 grand but 25 thousand a year take home isn't bad for a person in early 20s that's 16 an hour

[@SleepyRPGsuperCharged]

I have worked for so long to get 16 an hour. I know I will never be a home owner and will be forced to rent and never get a chance at really being able to save anything worth while.

[@KillerKolt44]

Spalding I just got pre approved for a 200 thousand dollar house at 24 years old. I make 18 an hour

[@hlhl2691]

He already knew the answer

[@philmarsh7723]

The model is to buy a house and if it doesn't work out, just declare bankrupcy.

[@TH-eb5ro]

GI bill is not for buying a home, VA loans are and they won't be happy with the plan.

[@jeffdorris5321]

Nice work 🎆✨🎇

[@TheRosswise]

You can build a good house with cheaper materials, but you need to do a lot of the work yourself and be extremely creative with the materials that you can afford. I've seen some really nice houses built for $20k-$40k.

[@patty109109]

$20k for a house? With a roof, plumbing, appliances, hvac? Hmm.

[@TheRosswise]

@@patty109109 Yes. Notice I said 'do a lot of the work yourself'

[@patty109109]

@@TheRosswise Considering the average lumber cost of a new home in the USA right now is over $20k I can't wait for you to explain how even a small house can be built for $20k after including the cost of materials such as insulation, drywall, paint, trim, flooring, masonry, roofing, appliances, electric, plumbing, fixtures, building lot, etc. lol It's amazing the stuff people will post online.

[@TheRosswise]

@@patty109109 Lumber isn't the only building material you can use. And the lumber spike is a recent phenomenon, and it will pass.

[@username5749]

I believe Rosswise there are materials like mud and sticks that can be used to create a shelter once he buys a piece of land for 20k.

[@kbanghart]

If you don't have much money coming in, buy a small as you can, like a trailer. And then move up from there.

[@TeinciLove]

Maybe a tiny house.

[@mxerb5912]

Those are like 60 grand

[@mocheen4837]

You can finance a tiny house, but what about the land?

[@gladysmonje8113]

Sell the house before you purchase it..🤣 love Ramsey!!

[@ChildishDicaprio]

So my bestfriend is planning to use his VA bill to buy a home next year. Is that a good idea? Should i warn him NOT to do that

[@dimediamond]

25k minus taxes is like 15k a year.

[@butteredbread1756]

40% tax?

[@dimediamond]

@@butteredbread1756 medical, dental, vision, life insurance, 401 k, disability insurance. Food. Water. Shelter. Transportation. Not including kids. And state taxes

[@tymom9313]

I hope take home pay is $25k

[@bentleyboy72]

If you have to ask the question, you already know the answer.

[@JK-om1ry]

This question is total unrelated, but does anyone know what the Ramsey class is? The one that's in the high school not FPU. What does it include what is it like?

[@bryonmiller4326]

$25k a year, they could build a tough shed on land they might find on the outskirts of town sold on ebay. It might be on top of an indian burial ground to boot. They need to increase their income massively and live in their car for a few years. Then they can tell their kids about the sacrifice they had to do to get the house.