How to Save for a House

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  • เผยแพร่เมื่อ 26 ธ.ค. 2017
  • Are you in the process of saving for a down payment on a house? Many people find themselves spinning their wheels and not be able to save up any at all due to all the expenses. Think of the initial down payment as proof that you can indeed save enough and will be able to make the payments back to the bank. Setting up your finances to allow you a great positive cash flow allows you to easily pay for your mortgage payments. This all involves getting your expenses in control and aggressively doing away with unnecessary expenditures. Check out this video to get some great ideas on how to start this process.
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ความคิดเห็น • 572

  • @vincetaylor3948
    @vincetaylor3948 6 ปีที่แล้ว +21

    That's great you made this video as I am looking for a home next year.you and Dave Ramsey are the best

  • @declanjohn8517
    @declanjohn8517 6 ปีที่แล้ว +23

    I set myself a goal of buying a place (a condo worked best for me as a single person) by age 40 and I beat it by 4 years, buying at 36. I never worked a high-paying job but for two years I worked two jobs and saved every penny I didn't need for rent/to live and it was enough to squeak the 20% down payment. I think it was probably the best decision I've ever made for myself...these days I physically cannot work 60-80 hours a week any more. Home prices have risen so much, so quickly that my mortgage is, not kidding, about half of what I'd pay to rent a place like this, now. If I started saving now or even a few years ago, I don't think I'd ever have enough to enter the current housing market.

    • @alancontreras1362
      @alancontreras1362 6 ปีที่แล้ว +4

      Declan John trying to get my shit together and do something similar.

    • @robocop581
      @robocop581 5 ปีที่แล้ว +3

      I admire people like you as I see all the hard work and discipline. Kudos

  • @spiraldiaries1273
    @spiraldiaries1273 6 ปีที่แล้ว +10

    Thanks bro,, always love your tips on managing finances...

  • @The_Woof_Pack
    @The_Woof_Pack 5 ปีที่แล้ว +2

    I think a good tip is each time you don't spend money and you do it yourself, that you put the money you would have spent saved away or invest it. I think a lot of people try to cut back but they don't put that money away and end up spending it elsewhere without realizing it.

  • @annahayes596
    @annahayes596 6 ปีที่แล้ว +8

    What I like most about your videos is that you dont beat around the bush. You get to the point. Half of the time when I go to listen to a video from another person they take too long explaining who they are or whatever and I just switch to another video, Your videos i listen all the way through because you get right to the point of what you want to say. Thank you!

    • @patandbrandi
      @patandbrandi 5 ปีที่แล้ว +1

      So true I also hate. Long intros. Beat the Bush is the new dave Ramsey

  • @luciouswong1848
    @luciouswong1848 5 ปีที่แล้ว +1

    Great analysis. I love the way you explain every single scenario!!!

  • @KacyDaGameNerd
    @KacyDaGameNerd 6 ปีที่แล้ว +33

    That's fantastic advice. I bought my house in 2012 when the market was at its lowest point in over a decade. It was built in 2007 (during the peak of the housing market). So I got it for 50% the 2007 original price. This year, I sold that same house and it more than doubled in price. Timing played a major factor. I highly doubt I will have a similar opportunity in that short of a time frame.

    • @SoFreshBlaze
      @SoFreshBlaze 6 ปีที่แล้ว

      Kacy DaGameNerd Crazy see you here. Is that the house in your videos?

  • @vernefits1953
    @vernefits1953 4 ปีที่แล้ว +2

    I cut my hair too. When things are broken at my place I check Google or youtube for repairs. It has saved me money and time.

  • @na2love103
    @na2love103 6 ปีที่แล้ว +1

    You right. I really appreciate for your time thank you soooo.... much. Keep doing the best videos.

  • @sandiehleda3890
    @sandiehleda3890 6 ปีที่แล้ว +1

    I'm 22, I'm in school, still with parents but watching this has given me insight on what I need. These talks aren't really talked about a lot and in detail. Specially with how different things are compared to the time period of my parents, when it comes to purachsing a home.

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +1

      No one will stop you from spending every penny you have. Yup.

  • @ngiapjune9238
    @ngiapjune9238 6 ปีที่แล้ว +1

    This is why I watch your videos and learn from you. Keep up the good work.

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      =D Thanks for your support!

  • @Brutus2834
    @Brutus2834 6 ปีที่แล้ว +1

    Thank you for making this video

  • @HorizonPictures
    @HorizonPictures 6 ปีที่แล้ว +2

    Hi; new sub here! I appreciate how thorough and concise you relay information. Keep up the solid work man!

  • @JJ-yu6og
    @JJ-yu6og 6 ปีที่แล้ว +3

    Thank you for all your videos!!!! Great content!!! 🎄🎄🎄🎄🎄Merry Christmas 🙏🙏🙏🙏🙏👍👍👍👍👍

  • @broccolifan6971
    @broccolifan6971 6 ปีที่แล้ว

    I did found the logic in your saving philosophy. At first it sounded like just being cheap to the bone but I did find few golden words in your message. Thanks!

  • @SuperFadango
    @SuperFadango 6 ปีที่แล้ว +29

    can you make a video on setting up a cloud security cameras?

  • @unsoughtdar888
    @unsoughtdar888 6 ปีที่แล้ว +1

    I love the way you set up your babies this time 😀

  • @kirakjear9812
    @kirakjear9812 6 ปีที่แล้ว +32

    Bought a house at 22. We had a wedding social, which is basically a fundraising party for people getting married (it is a Manitoba thing). We made enough money for our down payment. Had that house for 5 years, then sold it for double for what we bought it for. Best investment we have made 👍🏻

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +7

      Sometimes it works out very very well. There are instances where it doesn't work out for those impatient.

  • @sblijheid
    @sblijheid 6 ปีที่แล้ว +6

    Forget the savings account. You have to pay taxes on the 1% interest a year. Put that money in treasury account, buy t-bills. It pays 1.27% a month. Compounded over a year you make a lot of money and the interest is tax free. You can pull out the money when you need it. If you save a bit longer in a treasuries account, you can have more money coming in to pay toward your mortgage.

  • @Mexican3541
    @Mexican3541 6 ปีที่แล้ว +179

    I'm already in the process of saving for a house I'm 19👌🏻

    • @MISJPEREZ
      @MISJPEREZ 6 ปีที่แล้ว +8

      Do the Oprah way, No More Starbucks, Dont order any NEW movies, stay in and eat.

    • @Mexican3541
      @Mexican3541 6 ปีที่แล้ว +9

      Janina Perez I am actually so fortune in life that I can live how I want & still save 50% plus of my income. I could go to the extreme & save 85% that way but it would be depressing. My budget is just fine.👌🏻

    • @CC-ke2bn
      @CC-ke2bn 6 ปีที่แล้ว +31

      Daniel Arias in other words, you live at home with mommy and daddy lol

    • @Mexican3541
      @Mexican3541 6 ปีที่แล้ว +16

      TH-cam Commenter well yes I do. Exactly why I'm watching this video. That's BUSH !

    • @Honeynutification
      @Honeynutification 6 ปีที่แล้ว +33

      If it makes you feel any better, I am 24 and still living with my parents until I am done with uni. Nothing wrong with staying at home and guess what, I have zero loans and a whole bunch saved. You do you Daniel, have an amazing 2018!

  • @babyblue8820
    @babyblue8820 5 ปีที่แล้ว

    Great video & very helpful, thanks!!

  • @BodarkZulu
    @BodarkZulu 2 ปีที่แล้ว

    Thanks, I can definitely use some of these.

  • @hoodribs3848
    @hoodribs3848 5 ปีที่แล้ว

    Good advice. I'm definitely saving this to my money folder.

  • @xlasvegan7x
    @xlasvegan7x 6 ปีที่แล้ว +1

    You’re the man Beat

  • @crippledgenius
    @crippledgenius 6 ปีที่แล้ว +12

    I cut my Internet to minimum, cell phone to minimum, my wife cuts my hair we try to limit going out, we buy things we need in bulk when on sale, I use to drink coffee everyday but except 2x a month well go out its possible folks but discipline is a must

  • @i.a.3393
    @i.a.3393 6 ปีที่แล้ว

    Ah, I've been waiting for this video!👍

  • @AirElegant
    @AirElegant 6 ปีที่แล้ว +1

    Love this video!

  • @jakemarek5925
    @jakemarek5925 6 ปีที่แล้ว +1

    Thanks man!

  • @gregorywood6336
    @gregorywood6336 6 ปีที่แล้ว

    I've been waiting for this one!!!

  • @123lilypad
    @123lilypad 6 ปีที่แล้ว

    Thanks for posting BTB! This kind of video is what I subscribed for haha. I have a large student loan burden and appreciate your input on that in regards to saving for a house. I do find that you give very conservative advice, which I appreciate as it makes me realize how frivolous my current spending is and how much room I have to save

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      Conservative? I guess I model it after what I do. Yes it is conservative rather than more leverage.

  • @janefromthecountry1820
    @janefromthecountry1820 6 ปีที่แล้ว

    Excellent video! Thanks for sharing on this subject!☆☆☆☆ We save by not having cable services and have a 17 year old SUV and a 7 year Corolla. We pay cash for everything, too! No credit cards.

  • @chompsquadaxieinfinity793
    @chompsquadaxieinfinity793 6 ปีที่แล้ว

    Love the content!

  • @stupidsmartperson
    @stupidsmartperson 6 ปีที่แล้ว

    I agree with everything you said! Great job on this video

  • @Erick-mz5sv
    @Erick-mz5sv 5 ปีที่แล้ว

    what i like about your commentaries is your not a sellout. unlike some other youtubers, who somewhat changed to a salesman.

  • @Viviancphotography
    @Viviancphotography 6 ปีที่แล้ว

    I love love love your channel. My husband and I just got married few months ago and we are renting a place. We set a goal to buy a house in 3 years (before I turn 28). Your videos are really teaching us a lot how to make it happen!!

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +1

      That sounds great to me! After you get into this saving mode for the down payment... well you just keep on doing it to save for retirement instead, lol.

  • @mplehmann
    @mplehmann 6 ปีที่แล้ว

    Thank you for the video & advice! 👍🏽

  • @bairfreedom
    @bairfreedom 6 ปีที่แล้ว +3

    I cut out cable, netflix, audible, and I also stopped going out at work. I stopped buying stuff at convenient stores too. This alone saved me alot so far. I am now able to put back money and I have a savings account with an actual balance !! Woooooo!!!Yeaaaa!! Lol

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      You did some pretty drastic moves there. Good going! With some practice you would not notice a difference because there are plenty of things to do that those you mentioned.

  • @kaydencolleain1366
    @kaydencolleain1366 6 ปีที่แล้ว +2

    I brought my first house last year at 19, I had no credit rating as I never use credit. Having those bank statements showing a history of saving well over half my income was more than enough
    I think as long as you save enough to cover a mortgage consistently they will be alot more agreeable

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      Wow! Nice! That's the ultimate criteria, they just want to know you have a high chance of paying. No credit though, I wonder what that did to your interest rate.

  • @themedic3001
    @themedic3001 5 ปีที่แล้ว +2

    Those peas in a pod are so cute XD

  • @Itouchlove
    @Itouchlove 6 ปีที่แล้ว

    I love your videos they help me out so much to reach my goals. you have helped my family so much to aim to reach my goals

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      I'm glad you get benefits out of them! That's what they are for. Free for the taking. =D

  • @randyjones4176
    @randyjones4176 6 ปีที่แล้ว

    thanks for posting. im glad i was thinking similr to you.

  • @Smarterphones
    @Smarterphones 6 ปีที่แล้ว

    Good job, I have been following your channel for a while now. Actually got inspired to start my own channel. Thanks for the motivation. Keep up the good work.
    REPLY

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      You might want to check out the few vids I did relating to starting a TH-cam channel.

  • @sile1727
    @sile1727 6 ปีที่แล้ว +99

    What is the bush and why are we beating it?

    • @Pr0misedland
      @Pr0misedland 6 ปีที่แล้ว +20

      The beating takes place around the bush

    • @darkflamingopontificates186
      @darkflamingopontificates186 6 ปีที่แล้ว +14

      lol pros and cons of toxic audience

    • @GreatValueBleach
      @GreatValueBleach 6 ปีที่แล้ว +25

      Bush is a vagina, and we are beating it like we beat the meat

    • @TheAwesonymous
      @TheAwesonymous 6 ปีที่แล้ว +8

      Clorox Bleach your not very subtle aren't you?

    • @Francefire
      @Francefire 6 ปีที่แล้ว +1

      League of legends related I think

  • @r.annrousseau170
    @r.annrousseau170 6 ปีที่แล้ว

    Great video

  • @mexmurder13
    @mexmurder13 6 ปีที่แล้ว

    Bless you

  • @sameersmerchant
    @sameersmerchant 6 ปีที่แล้ว

    Great Video

  • @alirashidikouchi6825
    @alirashidikouchi6825 6 ปีที่แล้ว +1

    Nice one. Thanks
    BeatTheBush give us a tour of your house 😊
    Why you never talk about Amex online saving?

  • @SomervilleBob
    @SomervilleBob 6 ปีที่แล้ว

    Live like a hermit for a few years to come up with the down payment- bag lunch, thrift shop clothes, no pets, minimal going out to restaurants. I had a thermometer style wall chart in my apartment and every quarter, I'd evaluate my money and make a new line toward my goal.

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      Well.. you don't have to live like a hermit. You can just as well socialize greatly, you just have to be creative in what you do. As long as you do not do it in excess, it's fine even to eat out to me.

  • @vacationboyvideos
    @vacationboyvideos 6 ปีที่แล้ว +1

    That is where a lot of people mess up his thinking oh it's only x amount of money per month.... For services they really don't need

  • @santoor02
    @santoor02 6 ปีที่แล้ว

    I think this is an important video that needs more viewership definitely. Everyone needs to follow this

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +1

      Thanks! =D

    • @santoor02
      @santoor02 6 ปีที่แล้ว

      Btw I live in the Bay area as well and I think housing here is just a scam to milk the tech guys. I'm sure in the coming years it will get hugely impacted by the anti H 1b stance and tax reforms. Good luck to folks who bought at the peak. I'm cashing out !!

  • @Shadowsmiling
    @Shadowsmiling 6 ปีที่แล้ว +1

    Dang I love that hoodie

  • @Myraisins1
    @Myraisins1 6 ปีที่แล้ว +1

    FHA loan 3.5% with closing costs and reserves can get most into a home. My home was one of the best things I ever did, giving me financial freedom. Looking into investment property for 2018.

  • @CentsibleLivingWithMoneyMom
    @CentsibleLivingWithMoneyMom 6 ปีที่แล้ว +33

    I live in an area where the homes are really inexpensive. You can buy a home on my neighborhood for about 140 grand. I would love a new house , but I paid off this home off. great advice.

  • @WilmerLebron
    @WilmerLebron 6 ปีที่แล้ว +1

    Thanks 🙏 For The Tips Bro!! 🎸🎶🔥👍🏻💰

  • @swaguilar_
    @swaguilar_ 6 ปีที่แล้ว

    Where do you learn to plumb or to fix your car? SkillShare?? That's fascinating that you do that! I'd like to do that because I just clean the house when my parents work and they pay for services like oil change and what not so I'd like to help them out by decreasing how much they spend!! :D Awesome video! I'm glad I subscribed!!

  • @Kunx990
    @Kunx990 6 ปีที่แล้ว

    Came for the info, subbed for the Gon.

  • @gtcosmoredstars5795
    @gtcosmoredstars5795 5 ปีที่แล้ว

    Thanks. I'm gonna go deeper, to seek advice about buying a condo or small home and land. For under a specific amount. Less than 150k less than 100k$$

  • @emilamante
    @emilamante 5 ปีที่แล้ว

    Hi - what's your opinion on the bay area housing market, specifically, should I wait 2 or so years til I'm able to save 20% down payment (around 140 - 160k) in the east bay, or get into the market with as little as 3.5% now since prices are still on the rise?

  • @slovokia
    @slovokia 6 ปีที่แล้ว +52

    $300K in the bay area is enough to buy an outhouse.

    • @nickslayter5835
      @nickslayter5835 6 ปีที่แล้ว +2

      In a bad neighborhood too XD

    • @se7enzee444
      @se7enzee444 6 ปีที่แล้ว +3

      $300k can only buy you a garage in SF. lol

    • @darylallen2485
      @darylallen2485 5 ปีที่แล้ว +1

      With or without hand sanitizer?

    • @leonidas14775
      @leonidas14775 5 ปีที่แล้ว

      More like half a million after taxes.

    • @pnoyguitar
      @pnoyguitar 4 ปีที่แล้ว

      Sacramento area.

  • @kohort1
    @kohort1 6 ปีที่แล้ว +1

    Also there are pros and cons with condos...HOA fees might be high but you don't have to save for roofs and termites etc. A lot of old homes leak heat like crazy. Some small bungalows can see a 200-300$ pge bill. My place is 40-75$. No garbage or water bill. Don't need Comcast bc we get webpass. Just ancillary costs to think about when you buy.

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +1

      HOA fees can add up to the full price of the condo over a 30 year term. Crazy.

    • @kohort1
      @kohort1 6 ปีที่แล้ว +1

      BeatTheBush true but my point was basically that you have to consider what you are paying for and compare what you don't have to pay for w a normal single family home pretending it's in the same location..or not. In my case, I have a pool and nice gym and front desk/security. Of course, I do without a nice little yard to call my own and no garage to store my stuff, car...I have to go up and down the elevator to pack my car for a trip. Etc. It's no, joke but still chalk it all up and figured that it's worth it being a few blocks from Bart, Amtrak. Anyhow it's hard to buy now with new tax rules and economy kinda going past the avg cycle period and impending interest rate increase.

    • @thefrugallandlord2226
      @thefrugallandlord2226 6 ปีที่แล้ว +1

      Don't forget about costly retrofit assessments voted on by crooked board members and contractors.

    • @kohort1
      @kohort1 6 ปีที่แล้ว

      the frugal landlord true dat. Knock on wood...our place is one of these newish cement midrises w 225 units but 15 years old...not so new as to not have rounds of maintenance issues. We'll see. The HOA accounting looks alright.

  • @pumpkinpot672
    @pumpkinpot672 6 ปีที่แล้ว +4

    Could you make a video about budgeting/saving for various income brackets? 30-50k, 50-80k, 80-100k, 100k+

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +2

      It doesn't matter really which income bracket you are. It matters more about the standard of living you've grown accustomed to. I live like I earn 30k a year. HA HA HA.

  • @chera7594
    @chera7594 4 ปีที่แล้ว +1

    Hi! What can you say about houses that are 200+ days on the listing and still no buyers? I saw it in Vegas through Zillow. I wonder why because it looks decent inside/outside and not in foreclosure.

  • @duwaynewright6291
    @duwaynewright6291 5 ปีที่แล้ว +2

    Should you buy a house in 2019, make a vid on it.

  • @LAStreetPreacher
    @LAStreetPreacher 5 ปีที่แล้ว +1

    If a person spends $200 a month eating out (and many people do) that amounts to about $12000-$15,000 in 5 years when you consider a 15% return on your money which is attainable in the right investments. That's a lot of money that could be used to buy a house or pay cash for a car. Financing a car and house are one reason why these material things are so expensive. Credit creates more demand which drives up the price of everything. Paying cash forces you to save and requires discipline. Defer gratification and watch prices in general drop but people are impatient and impulsive. They swallow too much advertisements enticing them to buy, buy, buy and do buy NOW! No, wait and save.

  • @kenshintakishi
    @kenshintakishi 6 ปีที่แล้ว

    hi, great video! do you rely on any website or app to keep track of all the credit card rewards and points?

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      I use a spreadsheet in Microsoft excel.

  • @jobellecollie7139
    @jobellecollie7139 6 ปีที่แล้ว +1

    Ive always paid cash for homes. My first home was not as expensive, but sold at a small profit, then I just kept doing this until I had enough for my dream home.

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      =D Like a starter.. then jump to a dream home. But then these days you might have to do that a few times.

    • @LockheartAesthetic
      @LockheartAesthetic 6 ปีที่แล้ว

      Jobelle Collie how are you allowed to buy in cash? I thought that they had to check the bank and see where you got the money? I want to buy a house soon but I don't know how

  • @FCT8306onTwoWheels
    @FCT8306onTwoWheels 4 ปีที่แล้ว

    4:09 hell yeah I paid off over $10,000 by using extra funds from a part time and left over from my full time to become debt free before last Christmas!! Yo you just have to start saving and get used to that, you'll want to save more and more faster and faster. Snowball effect, not impossible . And definitely live within or below your means, cut back on what you dont really need

  • @stonecold9573
    @stonecold9573 6 ปีที่แล้ว +2

    Awesome video. If it's a seller's market, should we wait for the housing market to go down? If so, what are indicators to watch for to be able to predict when the market will go down again?
    Is Amazon is good place to sell unwanted things?

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +5

      Housing market usually lag a bit behind the economy. But the thing with predicting housing prices is that you cant. I might just keep on inching up for another 5 years for all I know. A heated market can get even more heated.
      I sell on Amazon and eBay. Amazon is a bit restrictive on what you can sell whereas eBay is like a garage sale, almost anything goes.

    • @stonecold9573
      @stonecold9573 6 ปีที่แล้ว

      BeatTheBush Ahhh, I see. Thank you for your response!

  • @UrAvgInvestor
    @UrAvgInvestor 6 ปีที่แล้ว +5

    I am saving up for house too. In 2020 is my goal!!!

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +1

      Nice! Going slow might not be a bad thing right now. It's pretty high.

    • @wesam8444
      @wesam8444 4 ปีที่แล้ว

      hahahaha knock knock punk , Corona virus is here , fuck your dreams

  • @mriphone1000
    @mriphone1000 6 ปีที่แล้ว +7

    I'd like to go back a generation, the dollar bought alot more than today.

  • @JK-Visions
    @JK-Visions 6 ปีที่แล้ว

    I think one should save for a house when your still living with your parents.
    When on your own here living cost are really high and one can maybe save up to 400 euros perhaps. But with no internet and tv that would drive one insane lol. So 100.00/400 is 250 is still 20,8 years you have to save..

  • @vacationboyvideos
    @vacationboyvideos 6 ปีที่แล้ว

    Lol the peas are on his head hahaha

  • @larabrongel2614
    @larabrongel2614 6 ปีที่แล้ว +9

    Great advice BTB! How about a video on DIY home security?

  • @jim2292
    @jim2292 4 ปีที่แล้ว +1

    How important is it to avoid PMI?

  • @SuperJOY45
    @SuperJOY45 6 ปีที่แล้ว

    thanks!! =D

  • @irene2814
    @irene2814 5 ปีที่แล้ว +1

    can you do a video where you talk about your personal life a bit? Like do you have/want a girlfriend? Any plans for marriage? What is your family like? What do your parents think of your youtube channel?

  • @shamiranandani6751
    @shamiranandani6751 6 ปีที่แล้ว

    cool sweater!!!!!where is it from?

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      INC I think. International Concepts form Macy's It's like 6 years old.

  • @MJAli89
    @MJAli89 6 ปีที่แล้ว +58

    Live with parents and save money.

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +28

      That works too if you can ignore the stigma.

    • @ebonyschannel3279
      @ebonyschannel3279 6 ปีที่แล้ว +5

      Beats Daily that’s hard if they busy charging you at the same time

    • @irvingonzalez4947
      @irvingonzalez4947 5 ปีที่แล้ว +1

      Some parents dont charge. I wouldnt charge my kids lol

    • @ebonyschannel3279
      @ebonyschannel3279 5 ปีที่แล้ว +1

      Irvin Gonzalez my parents charge me and everyone else who worked and live there at the same time. I understand why they do that because if my rent was $1,700 and my child make $18 a hour. I want money from them but at the same time I want them to grow up and move out. If you don’t charge your child
      They will never move out your place.

    • @irvingonzalez4947
      @irvingonzalez4947 5 ปีที่แล้ว

      Lol wow what's so bad about having your son or daughter live with you? But I lived with my parents but they didnt charge me but that rent was on 600 lol depends where too I guess. But they did made me pay other Bills so it kinda evened out I guess

  • @nicholaslam5880
    @nicholaslam5880 5 ปีที่แล้ว

    Seeing that real estate in the Bay Area is so expensive right now, buying a $1mil dollar home and renting it out is not ideal. I mean I have enough to cover the down payment but if I rent that out it's going to take like 20-30 years to pay off before I start seeing cash flow coming in which is too long....Would it be a better idea for me to put a down payment on like 4-5 houses in another state like Arizona or Las Vegas and just fly down there once a month to maintain it and collect the rent?

  • @Zachery_
    @Zachery_ 6 ปีที่แล้ว

    What about short term cds while saving the 20% down payment? At least you can get 1-2%, really doesn’t make much of a difference though. With the VA loan you don’t have to worry about PMI even if you put 0% down, but that doesn’t apply to a lot of people

    • @thefrugallandlord2226
      @thefrugallandlord2226 6 ปีที่แล้ว +1

      If you're stupid enough to invest in CDs go right ahead!

  • @aquatrax123
    @aquatrax123 6 ปีที่แล้ว +1

    what worked for me when saving for a house was to take my paycheck and put the entire amount in my checking account and then every other paycheck after that when I still had money in my checking account went to savings. This made me really think twice before spending money. I was able to last several weeks or more on one check while all other paychecks where being saved.

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      That's one way to save indeed. =D

  • @sogerc1
    @sogerc1 6 ปีที่แล้ว +4

    Yes, like this year just before Xmas I had to fix my toilet tank. I mean it's not particularly fun to do it but you know, pay someone just to put a gasket back into place.. for a 5 minute job for him. (It was a lot more for me.) And also, who do you find one day before Xmas...

    • @jlina
      @jlina 6 ปีที่แล้ว

      sogerc1 TH-cam is a gold mine for homeowners! DIY unite :)

    • @sblijheid
      @sblijheid 6 ปีที่แล้ว

      Home Depot has vidoes here on TH-cam showing how to do it. I did it a few years ago with their instructions

  • @lisafanucchi5939
    @lisafanucchi5939 6 ปีที่แล้ว +11

    Funny! I’m a professional hairstylist and always look at your hair lolol You should support us-we need to eat too!!

    • @JohnVito
      @JohnVito 6 ปีที่แล้ว +1

      Lisa Fanucchi he cuts his own hair. I’m pretty certain that credit shifu cuts his own hair too. 😛

  • @mp12345
    @mp12345 2 ปีที่แล้ว

    Buueennoo saludos 👏👏👍👍

  • @AM-bo7wo
    @AM-bo7wo 5 ปีที่แล้ว

    I have no skills I’m not a handyman so I’m screwed but I’m blessed with good looks

  • @fabiola925
    @fabiola925 6 ปีที่แล้ว

    How do you make it without subscription internet?

  • @larasingg
    @larasingg 6 ปีที่แล้ว

    How did you learn the skills to do house upkeeps?

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      TH-cam! Well actually... I didn't look it up except for fixing the washer brake assembly. I fixed my own water mains. Dug a hold, patched up the pipes, done.

  • @Papeeshka
    @Papeeshka 6 ปีที่แล้ว

    Buying a shack in LA with a good school district is 1M 😭. I am trying so hard to save and took the first time homebuyer class and learned all about every program and I still am stuck in saving mode. It is so hard in LA.

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      Yeah.. it's really crazy right now along the coasts. Crazy.

  • @Naturenerd1000
    @Naturenerd1000 6 ปีที่แล้ว

    Yeah 3-10 dollars a day on eating fast food everyday at work really adds up. Trying to make a sack lunch from now on. Keep thinking wow I could have hundreds of more dollars right now if I just didn't eat out when I'm tired from work all the time.

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      Exactly. And eating fast food will kill you. It's actually costing you $30-100 a meal by the time you factor in health care costs to repair your body later on.

  • @user-ud4pz2im6m
    @user-ud4pz2im6m 6 ปีที่แล้ว

    Great video, thanks.

  • @melloyello7349
    @melloyello7349 5 ปีที่แล้ว +1

    Those student loans are tricky. I seriously recommend calculating the amount of interest you have paid on student loan monthly payments completed thus far then do side by side comparison with a projected pay off date. I paid my debt off in full but saw that over the 4 years of my paying they’d leeched almost 7 grand in interest. Had I continued my payment schedule they could have easily gotten another 7 grand over the coming years even with their “convenient payment plan”. Seriously be aware.

    • @BeatTheBush
      @BeatTheBush  5 ปีที่แล้ว

      The interest does add up over time. You think it is very little but it's constant over many years.

  • @rudybentancourt335
    @rudybentancourt335 6 ปีที่แล้ว +3

    Thank you BTB, quick question, if i may? I bought a home over a year and half ago, not a place where I'm going to retire in. How would you suggest saving for another home where I do want to retire in? There is little to no equity in this home because I did a VA loan. Will be debt free in a few months and will only the mortgage. I'm also behind the power curve on retirement.. Any suggestions? Or a video reference? Thanks again.. Hope your Christmas was great...

    • @nickslayter5835
      @nickslayter5835 6 ปีที่แล้ว +1

      Would the home work as a rental?

    • @rudybentancourt335
      @rudybentancourt335 6 ปีที่แล้ว

      Nick Slayter it could but it's in a Oilfield town and would have to find responsible renters, not sure I want the hassle of being a landlord either…. But could also be a good investment if paid off early.. just not sure what to do.. Definitely not a retirement home for me though..

    • @nickslayter5835
      @nickslayter5835 6 ปีที่แล้ว

      rudy bentancourt I would recommend looking into property managers. That way if the numbers work out. You can build equity in the property, have a little cash flow, and have very little work. Unless you thinl you could fix it up a little and force some equity. That way you can at least break even

    • @reptilianskin
      @reptilianskin 6 ปีที่แล้ว +1

      rudy bentancourt a friend of mine years ago bought a house close to work. He was single. He ended up renting out rooms to coworkers. Every bedroom was spoken for. And the den on the main floor also became a bedroom. He ended up cash flow positive on the property, essentially living in his home for free. His savings went toward principal repayment, and when he sold pulled a lot of equity out, and he moved to a new part of the country to marry and settle down and home prices were substantially less. In his culture, wife’s parents match the groom or the grooms parents downpayment. He was mortgage free within 2 years of moving in.

  • @HtS643KyS6555GxQ3edA
    @HtS643KyS6555GxQ3edA 6 ปีที่แล้ว

    If your mortgagor/lender orders an appraisal and the appraised price is lower than the sale price of the house, you would have to come up with the down payment plus the difference between the appraised price and the sale price of the house.

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      Or you can skip the deal and not buy it too right?

    • @HtS643KyS6555GxQ3edA
      @HtS643KyS6555GxQ3edA 6 ปีที่แล้ว

      BeatTheBush yes walking away is possible too.

  • @Lifeissorich.
    @Lifeissorich. 6 ปีที่แล้ว

    Saving the money in a taxable account might be good as well if you have 5+ years until the down payment

  • @Pisakhov0
    @Pisakhov0 6 ปีที่แล้ว

    you touch the right point= CASH FLOW! you 100% right!

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      Even after you pay your mortgage payment, you still want a positive cash flow to save for other things.

    • @Pisakhov0
      @Pisakhov0 6 ปีที่แล้ว

      Thanks to you this is my FIRST priority over a year! My first Comment ever on any youtube Channel and you replied
      Looking forward to more useful videos. by the way, You can make a video on EBATES Because so far I saved few bucks there which anyway I SPEND and the have the feature to get cashback in card. it will be very useful for people in your channel :) Happy holidays and Happy new year!

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      To save for a house? Nice! Yeah I try to respond. There are A LOT these days. eBates? Oh.. the shopping portal. I actually haven't done one strictly on that just yet.

    • @thefrugallandlord2226
      @thefrugallandlord2226 6 ปีที่แล้ว

      Ebates??? Only stupid fools buys shit through them at insanely inflated prices.

  • @jeanethazcue7500
    @jeanethazcue7500 6 ปีที่แล้ว

    Mr Bush? I adore you :)

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว

      Thanks? I don't know the proper response to that.

  • @bustdetector1738
    @bustdetector1738 6 ปีที่แล้ว +1

    should i drive uber on the side to get some extra cash for my down payment? i would pretty much have no life because it would be on the weekends and when im not at my day job but might be worth it.

  • @JR-jz7mt
    @JR-jz7mt 6 ปีที่แล้ว

    Do you recommend buying a house now with current market conditions? Or wait?

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +2

      I think it's risky but I cannot make a firm recommendation because I cannot tell the future. For me though, I wouldn't buy.

  • @susanastevens4963
    @susanastevens4963 5 ปีที่แล้ว

    You discuss options where to put money but can you define each options n say what determines why you choose or reject it as a viable option?

    • @BeatTheBush
      @BeatTheBush  5 ปีที่แล้ว

      I never considered which one comes first as I usually just do all of it. There is an order that is most advantageous to least for investing in retirement accounts though.

  • @eduardobilbao5526
    @eduardobilbao5526 6 ปีที่แล้ว +1

    have you always been wired this good at saving and always maintaining a long term perspective in mind?

    • @BeatTheBush
      @BeatTheBush  6 ปีที่แล้ว +1

      Careful honing from correcting mistakes in the past. I made my fair share of mistakes.