Where To Save Money For A House (DOWN PAYMENT)

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Title	:	Where To Save Money For A House (DOWN PAYMENT)
Lasting	:	15.08
Date of publication	:
Views	:	74 rb

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Comment from : Marko - WhiteBoard Finance

Very well said!! Thank you for sharing your thoughts!!
Comment from : Babar Mirza

no whiteboard lol
Comment from : AverageGamer

Awesome video marko, thanks for sharing!
Comment from : Canadian Dividend Investing

Dude that ending is so funny
Comment from : Michael Vargas

This is majorly depressing We don’t make nearly enough to buy a home now :(
Comment from : M7656King Subanubnub

Houses are a rip off right now tho
Comment from : J

Thank you for sharing such an informative video Do you have one related to or recommendations on HYSA?
Comment from : Jose Barron Jr

What about an emergency fund for someone who has a family and is in a stable position with their employment?
Comment from : Brett Jackson

Watching alot of down payment videos right now
Comment from : TimeTravelerFx333

What are your thoughts on municipal bond funds, to try to reduce risk but keep up with inflation?
Comment from : John Almonte

I have 3 months of savings in a 'high yield' bank account and 3 months in a short term corporate bond index It's doubtful I'll need 6 months savings, but if I do I won't have lost much if any principle and the upside is a lot better on those bonds even with gradually increasing interest rates I definitely would skip longer term bonds though! If I had 3-5 years, I would invest in a short term bond fund, treasuries if you're skittish, ST corporate bonds if you want the potential for decent yields (around 3)
Comment from : antithetical 1

My recommendation would be, (what I tell my nephews and nieces) plan for 10 for the down, 10 in a liquid savings account, (even CD) as safety net in case you go through a forced job change, and at least 10 in a Post-Tax brokerage account, (not IRA or 401K) invested in something along the lines of total stock market 10 is enough to get you financed with PMI Lenders look highly on having the liquid assets Plus, puts you in a position to put the house up as a rental if you are so motivated to have a few rental properties (Did that once, have no desire to be a landlord again, not worth it)
Comment from : John-Paul Cabalar

I bonds
Comment from : M W

I learned a lot in this video
Comment from : K P

Thanks for the inputs Marco Your vids get better and better
Comment from : Financial Freedom Made Simple

Which high yield savings account is the question ?
Comment from : Brio M

What about BlockFi’s GUSD that gives 9 APY
Comment from : Kc

Great video! Buying a house next year! Thanks Marko Happy seeing your YouTube channel growing Keep the work and blessing!
Comment from : Andrés Hidalgo

Save another 70k in 10monthswho is this family!?
Comment from : Nicholas Johnson

Thank you
Comment from : Parketus

Thank you This video reinforced to me that my husband and I are doing the right thing Great insights too
Comment from : Karolina

I’m in northeast Ohio Do you consult people on a personal level in your office? Thanks
Comment from : Mike wypasek

They earn $170k PA so easy to buy a place
Comment from : Chillednfunked

Downvoted for grave mistakes:brMistake #1: You assume men have wives bHave you SEEN the divorce rate?/b brMistake #2: Assuming women will pool resources with men bHave you SEEN the Hypergamy market?/b
Comment from : Ciri ous

I’m just saying buy bitcoins
Comment from : Bidesh Thapa

Bad advice, for less than 5 years goals, you should invest in bonds
Comment from : ABo NaBiL Gamer !

Currently wondering similar for myself Thank you for taking the time to go through the options I agree on the investing a percentage simply because that growth could mean I could purchase even sooner (right now looking at 4+ years considering current CA prices) Thank you again 🙏
Comment from : lolomissa

Imagine if you'd actually had grabbed those options with a 8/27 expiry Boom, problem solved haha
Comment from : Adam

So glad that I found Dave Ramsey, Marko and the Money Guy show in my 20's 😬
Comment from : Alex Burros

Happy to see Kripparian giving financial advice
Comment from : myst93

no turtle neck, Im disappointed
Comment from : mkmanu001

currently sitting on a decent amount right now, should i wait for some kind of correction or bet on a gamestop lol
Comment from : Dennis Noone

first off, you DON'T need "a big down payment" First house should be a FHA loan, which is about 4 Secondly, August 2021 is a TERRIBLE time to buy a home We are at all time highs NEVER buy a house at all time highs Wait for the good deals and the foreclosures It WILL cool off soon, I promise you Rather than focusing on a house, focus on your retirement Max out ROTH IRA ($6000 per year, per adult) Max out your 401k And lastly, you can have a brokerage like E-trade, and invest in ETS like SP500 funds Again you DON'T need a house right now, what you need is strong investing for financial future Get 3 people and rent a damn house Now is NOT the time to buy
Comment from : 00vortech

I bought a house in April … with $TSLA stock I would have been stupid if I had the money parked in a savings account Savings is only good for emergencies
Comment from : Leo Speeds

$190k saved in DogeCoin and when it goes moon u can buy a house in Beverly Hills
Comment from : d P

Marko, have you done a video recently on the pros and cons of renting vs owning in this type of market? I’m in California and don’t see the benefit of owning a house here, as we are currently in a massive bubble Thanks!
Comment from : Milica Marsha Stefanovich

What if u invest in dividend etfs with a stop loss?
Comment from : MrRo004

That amount saved can almost allow them to purchase outright in certain areas
Comment from : jaren Garnett

Unfortunately, savers have to deposit their cash in the S&P casino Fed money printing isn't stopping
Comment from : John

Me and my wife get 24 on our CDs Are we getting a crazy return or are the numbers you're using low for some reason?
Comment from : Devin Jones

Theres always stablecoin yields which are better than “high yield” savings accounts I wont trust block fi with my bitcoin But leaving stablecoins like usdc with them or a few other exchanges seems like a better idea than the bankbrbr“Imagine losing 56” sounds like weekend in crypto
Comment from : Bonanzaking

I'm assuming his savings goal comes through he would have $190k in checking/saving for the down payment by summer 2022 For a $500k home that's more than enough needed, 20 is great, I know people that have bought homes on 3 So I think the proper move is (assuming there's no >10 inflation and housing prices also don't go up by 10 in 2022) is keep $100k + 6 month emergency fund in a checking account and invest the rest in an index fund Just my $002
Comment from : Alex R

12:36 this is what I watch the video for YOLO chicken tendies in mom's basement !!!!
Comment from : Nahmed Nissar

You can put in LEAPS, and forget buying a house You can buy a mansion 🚀 brbrJust kidding… Lol
Comment from : Wooly Will

would you consider making a video on option trading? I think there is a big market to teach beginners here
Comment from : Derek Cole

Should just buy the house now is my advice
Comment from : A-10 Warthog

This couple is in a very good spot saving wise I'm 28 and married, and won't have nearly as much saved for a house when I hit 36
Comment from : Norberto Perez

Cerveza Sickness 🤪
Comment from : Jonny Martin

Let me guess a high yield savings account??
Comment from : DudeManBroTime

When do you think inflation will begin to decrease?
Comment from : Gustavo Andres Salazar

I don't understand what this person is askingThey have the liquid cash/assets available to put 20 down on either a 450k or 500k house
Comment from : Cody K

The cerveza sickness 😂 that was slick I picked up on that 🤣🤣🤣
Comment from : FROY_BOY

This is almost the exact same question my wife and I have right now Great video!
Comment from : Ryan

There is no advantage at all by locking your money in a bank …you get low return and their land your money with high interest
Comment from : Stephan C

Marko, a couple years ago you were uninterested in buying a house Has that changed in the last couple years?
Comment from : BJJ Freak82

It would be interesting to see what happens to downpayment when stuck crashes?
Comment from : Paul Ozeruga

I prefer to hold my cash in $PFF If you see the 5-year history, no change in price and gives monthly dividend payout with a yield of 4-5 average
Comment from : Vajid Kagdi

do an episode on what someone should do with 60k of student loans at 85 interest
Comment from : Donn Buchfinck

I save it under my mattress
Comment from : alipetuniashow

$120k in savings hahaha i wish !!!
Comment from : G Navarro

Why not I-bonds? 1 year holding period and 35 interest currently
Comment from : chris willy

💯
Comment from : gbouton2011

Thank u Marko I love your insights with economical and statistics data to back for being an intelligent investor waiting on you opening up a stock market investor course for short term long term and options trading so using data analysis can trade better menus the market manipulation by wall street boys, hedge funds and wallstreetbets revolting in response
Comment from : CyberAgentStanley Dean

Because of this I’m going to buy more GME
Comment from : Ace Mello

I would like to see this subject addressed as investing "time horizon" It would take care of house buying and other large future purchases
Comment from : David E Vogel

Better option: put money in options I make money every month, no loss always win My strategy always win, never lost a penny
Comment from : aJ Decker

Super Marko 👍
Comment from : Rion Koral

The answer is bitcoin
Comment from : Mr Fusion

Also saving up for a house here My citi High Yield Savings is giving back such a low percentage, I'm worried about how much I'm losing due to inflation If we're flexible about our time line (ideally move within the year but it may be longer if the housing bubble doesn't burst) what's your opinion on buying an I-bond, the yearly max of 10 k? To at least curb some of that inflation sting?
Comment from : Sara Hook

you should revisit that GME option in a few days and see whether it would have paid off or not 😂
Comment from : Wild Thing

A big like for you Marko
Comment from : bri m

1000k like, that was me
Comment from : Rotary Resurrection

They have 120k, why haven’t they bought the house already? That’s 20+ right there
Comment from : Nick Oloteo - Investing

These videos continue to get better and better The videos that have practical implications for us “regular” folk are just awesome
Comment from : Nicholas DiProfio

What does everyone think about a tips etf? The fed governor was on CNBC recently and he mentioned inflation protected tips as an option for saving your money?
Comment from : john

Well watching these videos really puts it into perspective that, I am financially stupid
Comment from : Shifter 108

What about TIPS or bond ETFs? Vanguard has both VTIP and BND
Comment from : Travis oyler

My man, love your videos! Im in a similar situationbrbrGreets from Amsterdam!
Comment from : Joël S

Marko wearing a white hat like "Hello there fellow children"
Comment from : Zae

Easy Take 190k and Yolo it on GME and AMC WHERE LAMBO?
Comment from : John Barros

5:12 "month over month" No, over a yearbrYou could've been more clear to say that these percentages are year normalized It would be something like 04 by month
Comment from : Kris M

You only lose when you sell! You didn’t mention that! S&P 500 long term is always good
Comment from : Adam B

Big help! Thanks!
Comment from : bloompikz

Thanks Marko👍🏾
Comment from : HalfSleep

Save and invest in a new mic
Comment from : elucia12

They are old and say nothing about any retirement account They also have no kidsbrbrThey should buy the house with a 5 down payment + appraisal contengancy and invest the rest Making 3 on their money locked away in a mortgage isn't nearly as stabilizing as having access to it in an investment account The amount that putting more into the house lowers their mortgage payment is small compared to their income
Comment from : Ben K

What about USDC and using blockfi which payout 75 interest ?
Comment from : javier santiago

I'm also saving to purchase a home (first time homebuyer) I have approx $400k in both invested and nonregistered accts at my disposal looking or a $200k mortgage I have investments in GICs, TFSA, RRSP and mutual funds (I'm in Canada) totalling $200k My job only pays roughly $30k a year although I'm looking for a higher paying job I'm afraid with my income level banks won't lend to me and condo housing prices in Toronto are in the $600-750k range What's the best advice you can give me?
Comment from : dentrobate54

With 170K income and 120 K down payment why don’t they just buy a house now? The house is only 500K They can even pay off the mortgage much sooner with their income
Comment from : Armin

Hey Marco, I see it differently … The 1500 bucks a month they pay in rent will cover a 350k mortgage at 3 on a 30 year amortization A Conservative 4 rise in housing prices will make the cost of a 450k house go up by 18k in a year So they’d have to earn 15 after tax on their 120k cash just to stay even Buy now
Comment from : Blair