How To Quickly Save For A House While Renting

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Title	:	How To Quickly Save For A House While Renting
Lasting	:	17.17
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Views	:	50 rb

Timestamps!brbr1:12 Why buy over rent?br1:32 The fear of missing out and bad decisionsbr2:13 The "throwing money away" mythbr3:39 Your 3-step savings planbr7:54 Everything you need in your planbr8:37 Paying down high-interest debt firstbr10:10 Why budgeting is importantbr10:52 Where to put your savingsbr12:05 The best budgeting methodbr14:35 Pause retirement savings to accelate savingsbr15:24 Getting a second jobbr15:39 Eating at homebr15:55 Getting a roommatebr16:25 How to stick to your plan
Comment from : Win The House You Love

Helpful that you showed how to actually break down what we need for a down payment - Having a concrete plan on how to save is way more helpful than a vague “we need to save for a house!”
Comment from : CindalaDahling!

I wish you can make a video like this for people living in the state of Massachusetts in 2023 🙏
Comment from : Marlenis Soriano

Save for a house? Get a second job
Comment from : Dr Kenny

I just moved from a great city apartment in a great area by a beautiful city park for a way far out in suburbia that is smaller I save $350 a month I also am keeping my 10 year old Kia as I almost bought a new one this weekend Wish me luck as I need to get this stupid house Man it's such a great pain but I pray it's worth it
Comment from : Timothy Gibney

Kyle, you have a great voice
Comment from : Thirteen Wolfies

23? you’re the only 23 year old I’ve ever liked Lol (nobody likes 23 year olds ;) ) jk jk
Comment from : CortneyEllyn

I want my children to have a house to grow up in A special place that is ours
Comment from : CortneyEllyn

I love what you said about renting! People are always telling me I'm throwing money away but I know if I jump out there and buy a house now I wouldn't get what I want and I would not have peace of mind financially
Comment from : Cherelle Palacios

I’m blown away that you can buy a home for $100k I’m in LA, and you’re right - some old studios (not even a 1-bedroom) might cost $500k
Comment from : Otto

Only 23, so calm, smart -- wonderful video!!
Comment from : Araa_n

Thank you so much for making a video on saving for a home that doesn’t involve moving back in with your parents For many of us, it just isn’t possiblebrbrMy goal of home ownership has always been due to the feeling of insecurity that comes from renting That’s an external trigger that stems from fear due to past experiences, and the health issues stemming from sub-par living conditions I’m living in a moldy apartment at the moment and the property manager has been ignoring my requests for remediation brbrToday I’m coming up with a list of internal motivation, and setting up automatic transfers to savings that will help me stash money away every week
Comment from : E

Who is having kids and buying houses at 23?????? So young I thought you said 33
Comment from : Priscila martinez

Wowwwwwwyou done it again!!!!!you relized me from thinking Definitely i am going torent a cheaper placelittle aprtment wirh my little son and save half of the money to grow my saving for a good down payment Thank youuuu! You are an angel So real and compassionate telling always the true!
Comment from : Joss J

I can assure you that if you’re 23 and fear of missing out on marriage and a house, just chill Like legit Stop rushing important shit in your life and just love steady and consistently towards your goals
Comment from : Lofi Wurld

how do you save for a house when the average price is 800,000 and many over 1 mil 50k a year salary in a good job and renting costs 500 a week
Comment from : KazooLordHD

"Other people's opinions of where you're at shouldn't dictate what you're doing" - everyone this side of the planet needs to hear that little golden nugget
Comment from : rnt45t1

typed notes are 100 times better
Comment from : Jake Williams

Thanks for sharing your wealth of knowledge I watch all your ads to the end because you deserve to get the compensation! Btw, you give me a false idea that moving to Ohio might be great not because of the $100,000 house but maybe all Ohioan men are all so intelligent and amazing like you!
Comment from : Yoo-Ha Shin

You have a nice speaking voice 👌 👏 👍
Comment from : Toca Boca imani

It’s been 3 months since I decided to stop renting and came back to my parents until I figure out my next steps Prior to watching this video I was feeling anxious because now that I am not budgeting for rent, I felt like I needed to save 100 of my income to buy a house I measured all possible scenarios without taking into consideration “by when do you want to achieve it?” After watching your video, I budgeted everything against 35 years and, who would have thought, my anxiety is over, and now I can go back and rent, save for my house, invest and also support my parentsbrTHANK YOU so much don’t ever stop this channel
Comment from : Luis Moreno

I was using the YNAB for trial period Maybe I should have did manual instead of link my bank account I was messing it up
Comment from : Wonda Payne

You're handwriting is less than legible, to put it lightly The typed notes are a godsend
Comment from : gentlemandude1

Hahaha I get to your 100k and California as I'm in cali, yeah hahhaa 250k barely covers some condos hahah
Comment from : Lilazn

CA good luck lol good one bro
Comment from : PoorscheDriver

Wow, where are this $100,000 houses that are not a dump???
Comment from : D G

My goal is 5 years I am currently doing my prerequisites for nursing, and after I get into nursing program I will be doing my RN and BSN at the same time So my goal is to pay off as much debt as I can this next year and that way I have more wiggle room to save when the time comes but right now I am focused on my emergency savings, paying off debt and school 😊
Comment from : muneca809

Hey, thanks for all the tips and info I downloaded YNAB I've never linked my account to software tools I'm worried but I am ready to use help for budgeting
Comment from : dval

You are the bomb! Where were you when I was blowing cash like I had no tomorrow?
Comment from : Ash Moise

Your videos are so clear and so non confusing, wow 23! Can you mentor my 20yo!!! But really, thank you for all of you valuable information and just your delivery of it
Comment from : Holly Love

23? I'm dead
Comment from : James Hicks

step one don't listen to wall street bets
Comment from : 5ith OfNov

Love the typed notes!
Comment from : LeighAnn

Wise beyond your years sir
Comment from : Qulin Taylor

Where you finding these 15 to 22 accounts?!
Comment from : Nick

Thank you for taking the time out to explain the home buying process Please advise me on being a 1st time home buyer, a senior on fixed income, no credit due to not being in debt should I even try?
Comment from : Katherine Addicks

You work at home well
Comment from : Robbyrob

I reside in California, San Diego to be exact and boy oh boy its impossible to buy a home that is 260,000brI am in the works of saving to buy a home in another state other than California, would I still qualify to purchase a home if I transfer my job? The accompany I work with has locations in the state I am looking to buy a home Would that be a problem with applying for an FHA loan? Been at the job for 4 1/2 years
Comment from : TwiLight Tarot

Thanks Kyle Much appreciated
Comment from : DJ Cali

Yea your body is 23 but your soul is definitely 68 and retired So I appreciated the pep talk in the beginning as I am currently buying patience at $1,850 a month for 2 beds in a 600sq ft space (yea, New York), my best friend in SC can pay her mortgage twice with that Anyway, I didn't have a money goal or a budget, I just knew I had to have a chunk, so I've been on a spending freeze and have removed all debt Now to get that budget in place I am better off having watched this video Tnx!
Comment from : liquidgoldeyes

I literally LOLd at $100k for a house I'm in California and I need minimum $500k Anything less is a dump I'm so sad 😭😭
Comment from : Jay-El

Loving these videos bro 👍
Comment from : Moses Salgado

You just made me feel so calm about all this I could cry rn 😂💛 thank you so much
Comment from : Brie Williams

Hi Kyle, I’m torn between moving out of state next year and waiting until 2022 Next year I’d be able to put down 5, while if I wait an extra year I’ll be able to put down 20 Given these two scenarios, about how much would I be saving in my monthly payments by giving 20 down? I have a 800+ credit score, looking at a $250K home (traditional mortgage) Thanks for the video!
Comment from : Erik Almeida

Thank you for this video, helped calm me down a bit haha
Comment from : BackCountryBob

I saved 200$ from every paycheck for 3 years and I was set for a down payment
Comment from : Early Bird Craft

Thanks so much , my girlfriend and i are still renting but planning on saving for a house The video was quite informative
Comment from : Rudi Reynders

Hey man I’m so glad I came across your channel I already subscribed your content is amazing I currently am 23 years old I’m in a serious relationship I’m paying $550 a month in California for a room with a shared bathroom no access to a kitchen do you think it be a good idea to upgrade to a studio for a one bedroom apartment and split the rent with my serious girlfriend
Comment from : Jimmy Orozco

Omg dude I’m 23 !
Comment from : Jimmy Orozco

ur only in early 20s? 😳 i mean ur cute but u act/look like in late 30s bruh
Comment from : _adrian3747

We're trying to buy a home to give our children stability throughout the rest of their childhood Do you do business in Florida?
Comment from : Lauri Gardner-Rhodes

Inspiring to know that the down payment is not a fee, but instead starts up the equity
Comment from : Steven Roshni

I love YNAB! So helpful for daily planning and keeps you accountable I decided to decrease my 401k contributions for 8 to 3 (employer matches up to 3) to start saving for a home sooner
Comment from : jellyrcw12

I just cash out my 401 k because of covid19 only pay 22 in taxes but my only way to get a down payment
Comment from : james sisoutham

What happen if the rent and mortgage is the same price
Comment from : james sisoutham

I just bought a home in northeast Ohio with 10 down Something to touch on is potential insurance discounts With state farm I was able to lower my home insurance by bundling my car insurance with them It cut something like 650 off the yearly home insurance and lowered my mortgage to around 675 a month, beating my renting pricebrbrAnother thing is finding undervalued homes with minor inconveniences My place was lived in by a guy who just wasn't able to clean up very well, he had a big dirty dog, he "tried" doing his own painting updates, and he never did yard work The houses in the area typically sell close to 120k clean and moderately updated, he was asking 105 and by taking note of the comps in the area I was able to get the house for 80k based on a house with pretty much the same layout and dimensions that was kept up far better, all the work needed on the comp home was purely cosmeticbrbrAfter a deep cleaning, duct work clean out and some yard work, all I had to do was recarpet a few of the floors, keeping a couple of them the original hardwood that I found under the dingey carpet I ripped out, and had the whole inside repainted 6k worth of work into cleaning and cosmetic work, and as it stands without further updates I bet the place would already sell for the 105k original asking price
Comment from : mpotokar7

Start saving ASAP Just get started Get educated While you are saving, contact a realtor who works with first time buyers They will know about Grants to homebuyers, city, county state and federal programs I am not saying buy, i am saying get educated Interview several realtors to find the right fit for you and your needs Go to open houses, get a feel for different areas Remember- do not get FOMO, there are millions of homes out there, lots of deals If you miss one opportunity another will come alongbrbrWhile you are looking around I would highly recommend a course/class on how to maintain your home Community College, Parks and Recreation and I’d even contact you local Habitat for Humanity to see if they offer any classes or know where some are They have their program participants take this class and a budgeting class You might want to volunteer for them There are all kinds of contacts you can make while helping a worthwhile charitable organizationbrbrAlso, use this time to learn to cut your expenses Freewheeling is fine, but you are now looking at a serious commitment I would recommend you read “Your Money or Your Life” by Vicki Robbins Dave Ramsey is fine and he is right about a lot of things, but this book has a different approach Worth your time and effort Available at libraries, Amazon or EBay both new and used I am not affiliated in any waybrbrI suggest you use YouTube to develop skills in getting food and personal/household items free or at low cost This pandemic had no affect on me I bought the best toilet paper for next to nothing, and store a 6-12 month supply, I shop my pantry not a full price store You can learn to pay pennies on the dollar or free for toothpaste, toothbrushes, deodorant, shampoo/conditioner, toilet paper ( yup even charmin), laundry detergent, dish soap, feminine care (pads, tampons), razors, shaving cream, etc I tend to do this twice a year for a month or so Between - sales, coupons, store coupons, rebates I seen people even make $25-200 a month cash to get things Even food is included in this My grocer gives me a free item each week for using their online coupons Free 8oz yogurt, free fruit, free milk and all I do it click the coupon and punch in my loyalty card at check out Just these savings alone could supply that $200 a month you want to save for your new house Anything you get that you don’t want can be donated to a food pantry, church, homeless shelter Example: a guy might say I’m not buying makeup even though I can make $1-6, buy it, donate it or give to little sister and use the $1-6 to buy razor, deodorant, shampoo, or even food Its like having a side hustle that makes $100-500 a month that you don’t have to pay taxes on Once you understand the process, it very easy, and YouTubers post the deals a week in advance In line somewhere, pull out your phone and check deals for later I even screenshot deals to take to the store with mebrbrThis is all possible, on step at a time, one chunk at a time until the mountain is yours Best Wishes!
Comment from : Kenyon Bissett

23? So calm and collected When I was 23 I was the total opposite
Comment from : groove269

Hey what are your thoughts on buying with a with co- applicant
Comment from : roxanne scott

Yes,I get this all the time which some can be true I guess,however;I don't have any debt no collection but, I have to come up with the 35 so, I have been savingI wanted to know more about the HUDhome ,if it's better and is it really cheapI was told that I would bring more to the tableI also,wanted to know do they help with fix up costI have to in search since2019 but also, taking my time to make sure I get a good deal and will or how can we get cash back at closing
Comment from : claudette jackson

Why wouldn’t you agree with paying off all your debt first? That’s my current plan right now My only debt is my car and my plan is to pay that off first before applying for a home loan I’m doing that because I don’t want any debt besides my home
Comment from : That Girl Wes

23? So mature Are you a homeowner? If so, can u do a video on your process?
Comment from : That Girl Wes