Where Should I Park My Savings For A House?

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Title	:	Where Should I Park My Savings For A House?
Lasting	:	5.27
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Views	:	169 rb

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Comment from : Ramsey Everyday Millionaires

High yield savings
Comment from : Kevin S

I really like that guy that's next to Ramsey Seems genuine and sincere
Comment from : Joseph Martinez

Current high yeild savings is 45 - 5 Im parking my savings in my HYS for now
Comment from : Jack Mack

HYSA HYSA HYSA
Comment from : ReadySetMoses

To save that much, you would have to be making 6 figures I'm very happy for this guy and his family Sadly, it's too late for me at 42, but I'm going make baby steps to get my first home Made some poor choices in my younger years staying in unhealthy relationships and putting so much investment into them that I didn't take care of my dreams and career good enough I hold myself accountable and will do my best to get to where I'm happier
Comment from : Pig Skinrodeo

Do the baby steps also work for those of us who are still renting and havent bought our own home yet?
Comment from : Arlette Zambrano

The Transamerica Center for Retirement Studies estimates that the average Baby Boomer has $202k saved up for retirement According to the 4 Rule, this would result in a $8k annual retirement income Judging by this I feel under pressure to get the most out of my $424k in savings In order to increase my yields, I am in desperate need of guidance
Comment from : Sarah Lazare

A few months ago one of my tenants was in this same scenario - had a good down payment saved, but with higher interest rates and whatever other reasons decided they wanted to wait at least a year before buying a house Rather than park the money, he negotiated with me to pre-pay the rent for a year at a reduced (57) rent for the lump sum Now he saved a few hundred dollars per month on rent, doesn't have to pay rent until next April, doesn't have to pay taxes on what otherwise would have been invested, and he can continue to build his nest egg Benefits to me that made it worthwhile was the piece of mind I had all the money up front, great security and a stable tenant So others in this situation may want to talk to their landlord for a similar deal Word of caution would be to make sure your landlord is very legitimate and doesn't have a mortgage and make sure they have adequate reserves for repairs, and the property taxes are being paid
Comment from : Percival Googlyeyes

Oh how times have changed when it comes to high yield savings Accounts with ally, PayPal, capital one, and wealthfront for example are 4-5 annual return right now Literally zero risk, pretty incredible stuff Sure these will go up and down with inflation, but if we’re gonna be stuck in the world of $4 a gallon gas and $12 eggs, you may as well get a couple extra percent on your liquid savings
Comment from : Jacob Harvey

Where are the callers who are still struggling and only have $30000 saved?
Comment from : Vincent Ervin

15 month CD's are paying over 5 I'd just park my funds in those for 1-2 years for a guaranteed return with no risk of losing value
Comment from : HatedJared

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but with the prices on homes are stupidly ridiculous and Mortgage prices Do I just invest my spare cash of $980k into stock and wait or should I go ahead to buy a home anyways
Comment from : colleen Odegaard

700k in retirement at 36 He could pause contributing for a few years and get the dream house in cash It’s a balance of how much you need in retirement vs living your dreams in the near future Dave can’t break away from his formula no matter what The guy is going to have millions in retirement at 65 if he contributed nothing at 36… he would have over 2 million + with zero contributions at this point
Comment from : mycaddigo

BITCOIN
Comment from : Don Litt

Having A baby on the way in 7months, I’m just trying to stock like cash in a Treasury money market fund
Comment from : Anthony

Yeah on 4 years means they had a massive start from jump
Comment from : Rye Bread

I started stacking to SAVE wealth I've always been the type of person to spend my entire paycheck I hate having money just sit in the bank I am under pressure to grow my reserve of $950k before I turn 60, I would appreciate any advice on potential investments
Comment from : Stevens Middlemass