I’m Bitter That I Can’t Afford A Home 

This is totally absurd. She doesn’t even understand what it means to be in a real world.

She doesn’t have a problem at all

The much stronger relevancy was and is what is most important to spend money on and what's least important.

She should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/planner.

How did you find a good finance advisor? How do you know if they are trustworthy and competent.

There are counties in the country where 12k doesn't get you even close to a condo.

Unfortunately the middle class in my area with 3 people is $160k according to some updated figures. So they're, supposedly 90-100k more gross but some areas have literally doubled since 2019 on terms of basic living expenses. For example I'm in Ohio right now for a work trip, I filled up nearly $1 less a gallon from Michigan, I was equally pissed we have one of the highest gas taxes, but astonished at the same time.

​@BirdDogey1 Pittsburgh where they live is not one, though

It’s really difficult to afford the Instagram home and the lifestyle for the gram while you’re so deep in debt. People under 30 act like there were never any struggles in the past or that everything was cheaper and easier blah blah blah. Everyone 50 years ago lived a completely different lifestyle than people considered to be in poverty do today. Eating out constantly was not a thing. It was rare. Vacations were to visit family. Clothes unboxing is what we did on Christmas morning with the toy being last - singular! Quit trying buy your way into happiness. It doesn’t work!

We don’t make close to $12k a month and we bought a house last year for $130k. It’s over 100 years old and every room needs some kind of updating. We’re doing a little at a time. This is *updating*, the house is totally livable from the moment we bought it. I’m not talking about a gut job and living in a construction site. Something tells me she wants brand new everything and a 500k house.

With only $4k-5k in expenses....where's the other $7000 per month going?

How much were you making at the time?

I though she was saying 12k/month combined, but she said 250-260k/year so that over 12k/month has to be EACH..so it's more like where is the other 19k going??

@@st0rm4g3dd0n it’s not 12k each! Those incomes are taxed like crazy

@stOrm4g3ddOn it’s not 12k each! Those incomes are taxed like crazy, along with 401k, dental etc

She fell for the lie that the government was going to forgive her loan and when that didn't happen she is having a hard time accepting the fact that SHE will be responsible for her own debt.

“I can’t blame myself for being 18” 😂 when I was 18 I chose a school where I could live at home & received a full scholarship. Why do people talk like all 18 year olds spend money so recklessly? You don’t have to. Certainly not well over $100,000

Zero accountability

@@RachelPettersenyup! My husband and I did not go to college because we never wanted to debt. We’ve never borrowed money and yes we made the decision at 18/19

@@catherinethompson6531 exactly. You can make the decision to be responsible young. You don’t have to wait

Come on, you have to blame somebody for your misfortune...😂😂😂

Ha ha. Funny

We’re so oppressed without a private jet!! 😂

Get on rice and beans it will happen.

Ya but shelter != private jet

She literally says she’s angry because she can’t get what she wants

@@mxerb5912 truly amazing....

Exactly.

I think these kind people are pulling our legs. She is just showing off

Holy shit is spot on.

That's only $140k a year, before taxes even. That's de facto middle class these days.

@@franksnow5165not true

That's the way to do it. We had some friends that did exactly that. Lived on her income and saved his.

That is what my husband and I did. We are both engineers, before starting to have kids we learned to live off one salary. We also went to state schools with merit scholarships so graduated with a small student loans. We paid off our home by 39 and have been debt free ever since. Now have 3 kids in college and we are cash flowing their education. The rest of our money goes to retirement.

Why would you do that? What's the difference if both pay? They will both have half of their salary.

@@wayne9287 Two reasons. First, usually the wife make less money. So if they live off her salary and save his, they are living below their means. Second, the wife is the one who gets pregnant, so she is the one who would quit or reduce working. Her job is less permanent, his job is considered the permanent one. The worst situation is when they live off both the incomes and they she gets pregnant and quits, and suddenly the family income is cut in half.

what was they making?

It's wise to seek professional guidance when building a strong financial portfolio due to its complexity.

Talking to an expert like Liam watt to reshape your portfolio is a smart move.

Same, I met Mr Liam watt last year for the first time at a conference in Manchester, after then my family changed for good. God bless Mr Liam

Investing $15,000 and received $174,000

YES!!! That's exactly he's name (Mrs Liam) so many people have recommended highly about him and am just starting with him 😊 from United States

And at their age. It took me 30 years to get the equivalent of that salary.

I mean, it’s a decent salary but nearly not as good as some of you guys are making it seem while having a family

@@reese85yes it is. Especially in Pittsburgh

@@reese85😂 ok you’re nuts

@@silentnot4812no kidding. Senior chemical engineer and make a little more than one of them. What a whiner

I thought that was funny too lol

She bought her degree and was a DEI hire

I know I thought that was odd. I also thought it was odd that she didn’t know what she matched with the company for their 401(k) that’s pretty basic

I don't understand people who don't know how much they make a year. Especially if they're salaried. Shows how disconnected she is from their finances.

6 fig education 😂😂

😂😂 So true…

@@tmi4507 😅😅😅😅 Yep

I can almost see the title: How do we afford to update our 2 year old new build custom million dollar McMansion at these prices? Not fair "

100%

Bingo!

It astounds me the number of people who feel they lack any agency in their lives. While not everything is within a person's control, some things are.

You don't understand. "They" made her do it. It's their fault.

Nah, everything is crazy expensive...I owned a house in 2010 making 12 an hour no prob. Not possible now unless you find a shack in 2 hours outside of a major city. Maybe partly entitlement, but it is way harder now.

​@@BTrain-is8ch That darn "They" strikes again. 😤

@@keiseanb1 ...and I'll follow-up by saying, "whoever "they" is" 🙄

@@user-rw8zj1td9v It is harder, but they're not earning $12 an hour.. Earning $250k a year, and saying we can't afford a house is ridiculous.

i'm sure during the time they had their student loans, they have vacations, holidays, etc..... lack of responsiblity is the root cause about "student loan debt" how about thinking before you procreate...... it's not difficult

A engineer that doesn't know the numbers scary.

And vacations.

She said 250-260k/year so that's 12k EACH...

Exactly...

I am 51 and lived in the first house I bought. 7 years ago. Why? Because I couldn't afford to take on purchasing a house before 7 years ago.

Yes! I laughed when she said that. Got my first house at age 45 and not complaining

She's 28 and will have two children, a high paying job, and child care will raise her children. That's entitlement. Take a few years to raise your children and rent.

Exactly. Starting a family and trying to buy a house BEFORE paying off existing debt is how you stay broke.

I agree. They should have waited to have kids! Why would they have a second child at this point?

@@sanj6576 because they lack brain cells... I am older than them and haven't had any kids with my partner... NO WAY thats happening until we saved enough hard cash

And they most likely work in a field that expects a degree, meaning they wouldnt have that high salary if not for the student loan debt. People forget that student loans are an investment. For many people, its a bad investment. But for many others, it pays off big time.

She is just not smart, yes she is engineer like her husband but she is not using her brain. She can open up a business and borrow the money from bank then use that money to pay off student loans then file for bankruptcy. It’s doable without stressing with those student loans. She just needs to be smart

Exactly. They have a budget problem. At 28, you should be pumping the 401k and Roth IRA. Fancy degrees with no common sense when it comes to money.

Yeah...They missed that part.

Yeah, no idea how she wasn't pressed more on where the 12k goes every month. Caller complaining about society and student loans when they're burning that much cash.

$3,000 / month on childcare will by $36,000 a year... 3 months of their combined salaries since she said they bring home $12,000/month. Rent consumes almost two more months. Leaves them 7 months worth of salary. I'd be interested to hear what kinds of cars do they have, how often they go out to eat, and their vacation habits.

When you were doin all of this, were you living on your own?

@@reese85 My mom lives with me. But I pay all the bills. The only bill she can afford is the light bill some months.

Do you pay rent?

They have 2 kids they spend in daycare and you didn’t plus she had $100k loan which was less than what you had. Please don’t bash and compare. You make half of what they make and you only have to provide for yourself. They have 4 people to take care of. Your situation much easier.

More*

It’s just sad that no one tells you the ramifications of going to an expensive school. Luckily I went 2 years community college and 2 years in state, but so many people get rekt. Unless you 100% have a path of what you want to do, you should be forced to go to community college.

There was a video from DC with a person crying about the same thing, The audacity of these people to think they are not responsible for their loans. WTF. You signed the promissory, you got the education, you pay for it. Unlike a car note, it will not take 4 years to pay off. Because it have a higher balance, it will take longer. For educated people, those people certainly make themselves look dumb. Basic math people and personal responsibility. I’m so sick of those people.

Yes, you're ultimately responsible, but it's wrong that even your own parents encourage you to take on student debt.

Agreed. My parents told me to get scholarships and I applied to them like they were a job. Thankfully zero student loans. Ultimately though people should understand what they are signing.

@@tduck828People don’t understand because they don’t have to worry about it at that moment. Loans don’t kick in until after graduation, but the fact is the person signing up for the loans are gambling that they can pay back the loans or if they go into a good paying career field. Going to college is essentially gambling that’s backed and endorsed by the government and sadly it’s not seen as evil as it should be. Education is good, but college on the other hand is debatable as the value of a degree goes down.

Depends on the location

@@asnmdnssAs a Mortgage Underwriter there is a lot that’s factored when trying to purchase a home

Good work! Congrats on your new home. 🏡

@@blabbinglobster thank you!

Hope you can pay it off quick at that 6%

Classic pittsburgher

More kids.... yeah that's the answer! Lol

Right. $3k for childcare means you have $9k left…doable

And that’s fine 🙌🏽 everyone moves at their own pace.

I graduated in 1980, my first job as a Petroleum Engineer, overseas, $100K/yr, all expenses paid To be fair, tropical diseases and light sniper fire. My education was paid by an alumnus. A home in my company's point of origin (Houston, TX), $48K Chevy Silverado, $8500

Honestly, I'm surprised that this mrs Stacey Macken is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well .

That woman has changed my life for good. I attended her investment class couple of weeks and she's the best when it comes for guidance

She understands every beginner's intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot

I agree with you.I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

Stacey Macken guided me through budgeting, highlighting areas where I could optimize spending and increase savings. She also provided insights into smart investments to grow my wealth over time, ensuring financial stability even with the higher income

And envy.

Bingo I, I, I, me,me,me. Think about the husband that went to a affordable school.

I think it's fair to expect the average sale of a home nationally to NOT almost break half a million. I make six figures, zero debt, and could barely afford an apartment style condo. I should be able to afford the gated community. But it just isn't realistic. And I don't even live in a big city!

Perhaps, but this market is ridiculous and very unobtainable even with a good salary. I'm bitter to an extent, but it is what it is.

It was nice you were able to get a Pell Grant though. Free money is good. I paid for college without my parent’s help. Worked multiple jobs. When I look back I realize that time in my life made me very tough.

Same! Scholarships, grants, jobs, multiple jobs, took 6 years but I paid it off in full 6 months post graduation.

Exactly.

It still doesn't make sense. AFTER rent and childcare they're still taking home $200,000 per year. In one year she could pay off her 100K loan and STILL have $100,000 which is plenty for living and paying a high car loan. Cars are not the problem.

@@DiscoFang taxes are going to eat the first third.

@@CitAllHearItAllThe salary amounts are “take home” which means after tax.

It's worse..she said they make 250-260k annually. So either she has no idea how much money they make, or they are making 12k/month EACH and the 250-260k must be after taxes??

@@st0rm4g3dd0nif they make $250k annually together they deserve to be laughed at.

I disagree. Student loans should have a high percentage interest rate because they are unsecured and most people don't want to pay them off after they graduate. People who don't go to college shouldn't be subsidizing people who took out ridiculous amounts for college loans mainly to enjoy the college experience.

Her loan amount is from a private college which is on her and with their income it's a horribly lame excuse.

When she says she can't afford a home, what she really means is she can't afford an $800,000 home.

Exactly. Seems like they need to just save first and then spend whatever is left. So many people do the reverse and save whatever's left after their spending. This is especially true from high earners that don't feel the need to have a budget.

Nah, these are definitely your people. 😂🙄

@tonytoni1150 hmm the profession most likely to be millionaires are engineers 🤷‍♀️ maybe they didn't get the memo lol

Just because you go to engineering school doesn't mean you're an engineer.

@@captainh3831 i cant slag him cause we didnt seem 2 get any of his details. but im almos certain shes an 'environmental engineer' 🙂

wow this awesome 👏 I'm 47 and have been looking for ways to be successful, please how??

It's Maria Frances Hanlon doing, she's changed my life.

I do know Ms. Maria Frances Hanlon, I also have even become successful....

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Maria Frances Hanlon.

They want it all with no sacrifice. Crazy

The lack of accountability is shocking

1 gets ya 5 shes an 'environmental engineer' 🙂

True but it's only 12% of their income also.

But Katelyn wants it all NOW.

I have a friend in a similar situation and that is exactly the case

They’re living real good, no doubt. Good for them..

@@tonytoni1150 you can have an amazing life either way. One is irresponsible, one isn’t.

lmao so true! I have a friend who cries how the world is against him.....but spends like they are Richy Rich!

@@kump32 it is all how you live. I take home about $4k a month at 20, supporting me and my wife who is in college, and able to put away/invest $1k of it a month

I know, I was like...what? I get the sense she called in to humble brag. Next caller, please? 📲📞

​@@ivyworth862not sure how a "facility" is a humble brag, when it makes people think of mental institutions or seniors homes.

@@dudeorduuude5211 I made 2 separate statements. Again, I get the sense she called in to humble brag. I said what I said.

A lot of parents will tell their kids to sign those loans because "school is the most important thing." 17/18yr olds don't understand how serious it is, especially when their parents want them to go to fancy schools and get fancy degrees and encourage them to sign those papers.

She bought her degree didn’t earn it

I guess after she manages to buy the house she will call back and say she is "stuck" with a mortgage payment.

I get the impression that some people think it's a child abuse for young siblings to share a room. I don't get it. While my sister and I eventually had our own rooms, early on we shared.

@@mrsterious5845 Yup. Child services actually does but for these tow that absolutley works for even 5 years. That $700 a month for 5 years will be a massive difference in the house they get and they can get that dream house right out of the gate.

The concept of individual rooms is very modern and first world. My friend slept with four siblings for a time. I always shared until my older sibling out. Our children share. Now I have friends whose children are in college, complaining they can't sleep because their roommate isn't in bed. Our kids have learned to sleep with a bit of noise so a single roommate won't be an issue (unless he/she is extremely inconsiderate).

@@eurekahope5310 I mean we live in the first world right? But agreed many other things are more important.

Taxes that’s where it’s going lol

TAXES… the answer is always taxes when you make more than $100k.

Taxes plus 401k

The 250k would be before taxes.

That would be a 40%+ effective tax rate. Never heard of that in America outside of millionaires.

after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a license financial specialist can certainly help

Agreed, I'm in line with having a fudiciary oversee my day-to-day investing, cos my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well diversified and has just 5X in 5 years, summing up nearly $1m as of today.

@@Curran-m-i I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now.. mind if I look up the professional guiding you please?

Annette Louise Connors is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.

curiously inputted Annette Louise Connors on the web, spotted her consulting page and was able to schedule a call session, no sweat. Ive seen commentaries about advisors but not one looks this phenomenal

Your not smart enough to realize she said TAKE HOME. 12k take home is 250k before taxes genius 😂

​@@OUTDOORS55thank you. Definitely some commenters on here that need to break it down on paper as their math is way off.

After taxes net for $100k is $5000 so 12k is right

So proud of you lol 😂

Lol. Well done!

You work for a Cartel?

I'm always curious about a particular thought process I often hear expressed regarding having children: Neither parent wants to be stay at home (not judging either way), but complains about the cost of childcare (be it daycare, nanny, etc). Like, do they think babies look after themselves?

Logically you are correct. Emotionally, there is a constant pressure to have kids regardless of your financial situation. Even Dave suggests to people to have kids even knowing they currently can't afford them, but says stuff like "things will end up finding a way to work themselves out", "you'll probably get a raise before you actually have them", "kids are great, everyone needs to have more babies". Also, age 35+ being the high risk pregnancy age doesn't help either.

@@RyChOr2005 Dave said those words?

@@RyChOr2005 Dave is a right wing ideologue with bad advice. Truth is in the middle.

12k a month take is not 250k a year take home.. something doesn't add up with her numbers

​@marcenelj Yeah, she was so confused. She didn't even know what the word annual meant. I think when she said 250K, she was talking about gross pay. Which after they take out 30% taxes, 5% retirement, and health insurance is getting it down closer 12K, but it's still a stretch. These guys didn't ask enough questions or clarify enough. Dave has said over and over that net pay (or take home pay) is gross pay minus taxes. What is being deducted for insurance and retirement is part of your net pay, even if the money isn't hitting their account. Their true net pay is probably more like 14 or 15K. These hosts were way too easy on her, as they usually are on women. They should have also asked what vehicles they drive. I guarantee you they have spent way too much on vehicles.

I guarantee these people are spending biiiiiggg money on unnecessary shit.

@bradycone An engineer who doesn't know what the word annual means. We have a bigger problem here.

@@marcenelj im convinced shes an 'environmental engineer' [!!]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

🤣😂 society they said have a kid in a one bedroom

@@joshuarivera3617 Felt great!

Or to have children, look into home buying when already stressed about student loans?

Good on you bro! But facts. I think spending is fine, but you can’t be entitled to spend and then whine that you can’t afford a house. They signed up for $100k worth of student loan debt of course they cant afford a house, not sure why they just called to state the obvious. Lol Even at 18 I went to community college and then in state school. She should 100% blame herself since she signed up for the debt. Now if they ever have kids she can tell them not to make the same mistakes she did.

My mom is head teacher at a preschool. She has been head teacher at two other schools previously. A lot of these schools are owned by people outside of the education industry. Someone will run a successful hair salon or restaurant and then decide to branch out into childcare (usually around the time they have grandkids). These places are fueled by nepotism and incompetence. They don't know what they are doing, and they don't listen to the professionals they hire.

You know it !

almos guaranteed thats wots blowin the budget [!!]

@@rvog6584 probably pushing 2500$ a month with insurance and fuel compares to 2 2015 honda fits

12k take home is 250k before tax. Math is correct

47 hours/week is 204 hours/month. Not 188. Few things piss me off more than geese who think there are exactly 4 weeks in a month. It's 4.33 to be more exact (although not perfect).

@@amireallythatgrumpy6508 4.33333333333333333333333333333333333333333333333333333333333333333333333333333

@amireallythatgrumpy6508 It's obvious that you are incandescent with rage yet again.

@@KathleenMcNe Quite the opposite, sweetheart.

In 2010, I bought an unmarketable Fannie Mae foreclosure for $50K, Age has nothing to do with price.

its probably 250k before taxes, insurance, 401k investing, etc.