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I’m in a similar situation and this is terrible advice. I’m 31, living at home, and a millionaire with a high paying job…. and basically ready to retire lol. You bet I’ll do the same for my kids ;)
If you're not engaged to get married, then stay there. I don't get why it's such a big deal to move out in the corrupt US. Any other country in the world it's perfectly ok to stay at home as long as you want. You're just busting your but more just to pay a slumlord.
Good for this guy. As long as your parents are ok with it, stay a few more years, and stash away cash. For 31 yrs old, and to only have 60k in the bank is not good. And dont let people fool you like the hosts are trying to do, you can have a girlfriend/fiance while living at home. Then get married, and move out.
@@davidbrayshaw3529 I guess youre right, well besides thats exactly what I did, and most of my other family members. But, I understand its a cultural thing. We are not American, and dont follow culture here on family stuff like that. This is exactly why Americans are in so much debt and Prozac is a big seller here. Kick your kids out at 18 is just so weird to us, but hey, you do you.
@@rustykatt3870 my mom actually became I’ll years ago but although she didn’t live with me I helped take care of her. So tough question but I did help her when she needed it
Agreed, as long as there is a real timeline to follow. Not for a permanent arrangement. Living at home is costing him his dignity (not what other people think, how he sees himself). Also, he is 31, what if he gets in a relationship? Living at home isn't exactly a magnet like it or not.
Marriage with combined finances is awesome!! We're living the dream - haven't had debt for years, paid cash for our cars, paid-off house, money in the bank and investments - thanks to working together!!
Stay a man. Keep evolving. Maintain the ability to focus on yourself. Study your wife. Challenge and stimulation her emotionally, physically, mentally, and spiritually. Keep attracting her. Don't get comfortable. You have nothing to worry about...
I totally agree! I know now when woman say there are no good men left, it just may be that they`re really no independent men around. How secure do you feel saying I am 31 and I still live with my parents. Who cares about the math, it just becomes an excuse for your timidity.😎
It blows my mind just how expensive it is to live in NYC. Making a take home of $6k per month is honestly good money, but to find a decent place there and not spend more than a third of that income in rent is pretty tough.
I rang in 2023 New Year in Dubai snd everyone says it is an expensive city. It is but it is a save, clean, no homelessness, no tent cities, crimes, etc. If you are going to live in an expensive city, wouldn’t you want to live in a safe, clean city? No American major expensive city is save and clean.
Move out and move to a different state/ area. You will not regret it! Living with your parents is debilitating you by staying in a safe zone. Even if you fall on your face you are still moving forward. You will feel so much stronger and be much more attractive to others instantly! I don’t even know you and have faith in your survival 😂
Hi, yes That’s a good point of view. I would like to move to another state, that is fine when the parents are under 70, but when they are old the children should not live far from their parents, good parents who have been good to you and responsible, obviously. That happens to me, my father is 82 years old and he has been an excellent father, I want to move to another state and I am not doing it just for him, because he needs me a lot, love, frequent visits, etc.
@@AnaGiselle777 I am in the same predicament. My father is 82 and I am only 20 so I would’ve hoped to be leaving soon after college but I believe it is best for me to stay in the area due to his age.
I'm a homeowner who lives 30 min from my parents. But they're older and need my help with certain things, they're great people, and now it's a great area. They're also not going to be around forever.
@@JohnSmith-fx7ge That’s honorable! You have taken care of yourself so you can now care for your parents. By care I don’t mean physically care for them because they need help. But you are able to be adult friends where there is no other reason but because you respect and love one another and you have each other’s best interests in mind. ❤ love it! My dad use to say you never know what kind of a parent you have been until your kids have left your house. It was a head scratcher at that time but I get it now!
@@thejakelegion right on the button with that one. Long Island rent is a rip off because the insane property taxes thanks to decades of democrat control
@Jake Legion ...it isn't like he just decided on a whim to move there. His elderly parents live there. So he has to move away from them when they will likely need him soon.
Some people are able to pull off living at home when they get along with their parents. Culture matters, too! In Latino culture, you move out when you establish a stable relationship/marriage. In the United States 🇺🇸 parents expect their kids to move out at 18. To each their own.
I'm confused...How is he saying he can't afford to live on his own when rent is 2K/mo and his take home is 6K..? He has 4K to pay for bills and groceries / transport (1K a week) and to save.
I’m 28 and still living with my parents. Sadly I have to move out. I have a baby on the way 😂😂. But I’m building my house in cash! I would still be living with them if it wasn’t for my new baby.
Paying rent is fastest way to never being a homeowner. Don't listen to these tools. Stack your money. That's 2K extra a month that could be going in your pocket.
Stay in your parents home as long as they let you. Save as much as you can and invest as much as you can. My parents let us stay as long as we wanted and i was thankful. After college i paid rent to my parents. I eventually moved out. Who cares what people think if you live with your parents for a bit longer.
I can’t even get a damn job any damn where and keep getting laid off. I’m ready to get off earth at this point. I want to move out but I can’t I don’t have it !
@@MK-kk8ml I don't know you. However if you keep getting laid off, the issue may be yourself. I don't know what type of jobs you had. I wish you the best.
I think Jade is such an awesome addition to the Ramsey Show. I just really enjoy commentary and unique outlook while she still holds the tried and true Dave Ramsey principals.
She is creative, thats it! Everyone says "do what you gotta do, sell what you gotta sell to get this money" but jade gives personalized examples! Go do private lessons and youll make double! Thats what sets her apart
She's arguably the best one in the show after Dave and is most definitely the most aggressive one after Dave. So can it with your "it's just cause she's black". She's objectively one of thee best on the show. @@tucoramirez9729
I see so many comments saying " I'm saving up, I just want to be ready" sounds like the kid that never jumps in the pool, just stands on the side phyching himself out.
Over half of Americans are living paycheck to paycheck. Maybe that’s a sign that moving out before you’re ready is actually one of the worst things you can do. For what? Dumb pride? And then we wonder why there’s a mental health crisis in this country.
Moving out early is a fundamentally bad idea. Nothing wrong with being 30 living at home. Why move out and get bills. Stay home save up money buy a house with cash.
How many people stay at home and save up cash to buy a house? Not many, I would suggest. And this gentleman is a very good case in point. Presumably he left school 13 or 14 years ago and he has $80 k saved. At that rate, he won't be buying a house until he's about 70! You need to leave home in order to gain a sense of independence and to develop self-reliance skills. For many, the adversities that they face out in the "real world", give them greater drive and pushes them toward success.
@@beckymigdal3140 why?if his parents are financially sound of course. Then in return when the time comes he can help his children. America's capitalism (which I love almost always) has influenced people's thought on this topic
You would want to save money to buy a house because you want a house under your name and for yourself. It only applies if you are single. Couples tend to buy homes because they have joint income. One income alone today cannot buy you a home if you have average salary even if you make $80,000-100,00.
It is a thing among highly innovative and industrious countries, yes. Ya know, the countries that all the ones whose kids still live at home mooch off of, just like their kids.
The only criticism I always give these guys is the disconnect between what they think the rent prices are and what those prices actually are. “Can you get something for $1500?” No I can’t, there is none, unless I move to another city but that would entail quitting the job I am totally happy with right now and I do not want to leave that job just to look for a cheaper rent in another city. That’s a very unrealistic advice.
This guy should have moved Out years ago. I make less than half what he makes, I have student loans, car loan, and house payment and I do fine. His parents should have kicked him out.
_and I do fine_ You're in an objectively worse position than he is. I don't get what you're bragging about, you're buried in loans while he isn't but at least you have the "dignity" of not living with your parents?
jesus, get out of NYC and grow up and find your own place - I'd be embarrassed if I still lived with my parents at 31 unless there was a specific reason and it was temporary (I'm 37 for reference)
I think he definitely should wait until he can at least get that 80k in the next year or two. The ‘social impact’ damage has already been done past 30 so no point in rushing out now. I think she is underestimating the cost of living there.
I agree. People in this country just move out even tho they are not ready financially because they want to look good to their friends as they are embarrassed that they haven't moved out at a certain age. This is the same thing as driving a car you can't afford, because you want to impress people you don't care about
My son is in a similar situation, but not as old and around $100,000 saved and no debt. I’m alone, so I’m in no hurry to see him buy a home, and crap homes in our town are over $300,000.
This is the reality of the situation. In many places even living at home until 31 doesn't net enough income to move out of your parents home. This is the real reason so many people are having difficulty these days. The fact that their advice to him based off the Ramsey plan is to try to somehow get more income is 😂
It just blows my mind that a 31 years old still lives at home. Grow up, live your own life. Be a man and take responsibility for yourself. I bet mommy does his laundry and cooks his favorite meals.
well you’re just full of assumptions are you? Just because YOU came from a broken family and resent your parents doesn’t mean it’s the same for other people. No need to get bitter at adults with healthy functioning families.
im. 23 graduated college live at home i help with dishes landscape the yard cut the shrubs help my neighbors do laundry clean the house walk the dog and work where i can when im hired out to jobs freelancing
Intergenerational living helps everybody, from grandkids having actual relationships with their grandparents to helping each other when someone needs a hand or is sick to making it easier to build generational wealth.
Yes, I live in a city with lots of Vietnamese, and a lot of them do this. They all have their own cars, sone beaters, some nicer. Their house are paid off. The traditional families are more successful than the modernized vietnamese family.
I agree that intergenerational living is a really great lifestyle for people who are specifically going for it. I also believe that being paralyzed and depressed to the point where you don't want to do anything and your parents enable this by expecting nothing of you is harmful.
My family lived intergenerational. There are a TON of benefits, but a drawback is most people in the family remain single and find dating as an adult off-putting.
But the root cause of this phenomenon is never mentioned and who was responsible for this why this generation did not become adults when they turned 18 but their parents and grandparents did. They lived through different era when housing and rent were affordable and homes and rentals were easily obtained and there was a surplus of housing everywhere. If I had lived in that era, I would have had a good paying job right after college, I would have had a home by 25 given my work ethic and knowledge. As an adult living with parents, yes, your family relationship can become strained unfortunately for those who have toxic parents, but I told them I rather pay them rent rather than a corporation or foreign investor. What I pay is enough because they already locked in their home payment rates from 15 years ago, which is below the average studio rental in my area. They will retire soon and this helped them to finish up paying their home and other debt while they helped me build a bit of wealth to weather this economic and housing crisis.
Dave's people believe in getting out on your own. They feel it grows you up. Mom and dad are not holding your hand. Get out into the world and figure out your problems and life independently.
Yeah and they are wrong on this topic. All throughout history and other cultures people have stayed at home much longer. Moving out at 18 is statically one of the worse ideas possible.
@@brendondowdy5651 The U.S. does seem to look at it differently then other countries. Multi- generations living together helping each other. Not us, we see it as mooching and being a loser.
@@karenhardie1132 yeah it makes no sense. Like in some cultures (I think islam) the first born will always live at home. Like imagine how much better of a country we'd be in you couldn't move out until financially responsible lol.
@@karenhardie1132 I think its odd too cause they say getting married to bring you an extra income and working together is good yet you can't get the same results staying with your family? I think parents should allow kids to stay home for as long as they want so long as they contribute some money so long as its cheaper than renting so they can build up some money. Leaving without much capital is a bad start.
If he's teaching for someone else, they're taking a cut. That happened to me with English tutoring and I didn't know what the new rates were so I really got stuck
He has a decent income and savings, but with the wrong people now in charge, my advice would be to pay your parents much. larger emergency fund. My suggestion is to stay home, help your parents with home chores, and keep saving until you get married and the home prices decline. What do your parents think? Do they like having you around? Avoiding any home with an HOA is best because those HOA fees go up faster than inflation. until I
You would want to save money to buy a house because you want a house under your name and for yourself. It only applies if you are single. Couples tend to buy homes because they have joint income. One income alone today cannot buy you a home if you have average salary even if you make $80,000-100,00.
I'm thinking of ending myself in a bloody way to escape this rut. I'm 31, autistic, & live with my parents deep in the suburbs of Texas. I'm also a virgin who's never had a girlfriend, & where I live there are no girls cause only old people live down here. I despise the Pearland Alvin triangle because everything is so damn spread out that I HAVE to have a car, & drive vast distances for simple shopping trips. I've become quite Progressive living here despite everyone else being MAGA red. My only income is social security & I don't have a job. My only other way of making a little money is donating plasma, which is a 50 minute drive to Pasadena. Nobody is hiring & the job market is horrible. How the F*** am I supposed to "Move out" on such a horrible budget? And where to? Is there anywhere within driving distance of Houston that is cheap, walkable, friendly, & full of opportunity? Nobody can answer how I'm supposed to afford to move when I have no money & can't get a job. And my family would need someone to replace me, cause I have to do alot of work for my disabled grandma & aging parents. They'd need someone to move in who can pick up their prescriptions, do their shopping, yardwork, etc.
Dudes being ENABLED. Should have moved out 10+ years ago. Parents shoulda kicked him out long ago. It is just as loving to make him learn his own lessons and be there for advice when he needs. Cant do it for him.
Well normally I would say that he should move out a long time ago but if he plans to stay in New York I would say stay at home as long as you need. Or move out and suffer under the high rent situation and determine for yourself that staying in New York is not worth it 🤷🏾♂️
@@ceecee8757 I know a lot of men who lived with their parents when they met their wife. They are all healthy couples and married for 10+ years. Average age 25-35. They are the PRIZE in this toxic feminized culture. There are a lot of single women who are 40+ and hate men because they believed the lies.
I make 6 figs, own a home, 2 paid off cars and my GF left me for a 32 yr old Man Child who has never moved out of mommy and daddy's house but he makes $16 per hour lol. And mom and dad live in $700k home.
Stay with parents. Save more money. Buy a property. Rent it out. Raise prices of lessons. Don't get married purely for the financial benefits (or potential lack thereof). Wins all around.
100% of the divorces start with marriage, there is a little as 50% chance that y’all will be together. Nah I’m good, I’m just keep dating and not getting married. I love my money and everything I own
@@Jacob_Israel3777 I’m just saying, marriage is like gambling and at the end of the day, 90% of the time its the woman that is winning. I’m not about that life of paying child support and alimony support. Currently, I hear more divorce stories than those who been together. Everyone is telling me, don’t get married especially since I make a lot money.
Bro I totally understand and I see what you’re saying now, I’m sorry. I’m stuck with child support as we speak🤦🏾♂️ I’m hesitant to even date again lol
I don't know why he would want to go off on his own when he's 30 you pretty much already wasted the best years of your life living with Mommy and Daddy you may as well just stay there most decent women or men in their 30s all the good ones are already taken so I think he probably has a little shot of finding a mate and anyway his parents will probably say I'm sure they're probably in their late 60s early 70s I can imagine them saying will you can't move out we took care of you pretty much all your life and now you're going to take care of us in our old age this guy pretty much dug his own grave by not leaving when he should have and starting his own life
Dave would have ripped this guy apart. YOU MAKE $80K A YEAR! Even at $2k/month for rent, that's still $4k extra to spend. Where is your money going? Get out of your latent's house!
Tru but the guy is past the point of no return... at this point whether he leaves the house at 31 or 70 them brain waves have been firmly carved in diminished returns at this point
He lives in nyc thats prob why. If you have a good situation w/ your parents its really not our business. I personally wont do it because you feel way more like an adult in your own place.
Whenever I'm ready I don't need a video someone tried to tell me what to do most likely going to Corporation and want your slaves to keep working for you all day
Here we go again, thinking it is so awful that he is living with his parents and assuming he feels bad about it. Maybe his parents like having him there. Only in America! Many countries the families live together and they are not shamed for it.
Not really only in America. I’ve been to 65 countries including Iran. Spent time and lived with families and seen their kids grow up through the years. What you just said is slowly becoming a myth. Kids in other countries aren’t as whiny either. They do what they have to do and part of that is leaving home. Worse cases the entire family will be in the streets if they don’t leave.
Take home pay is 6k a month and he can’t afford a 2k rent apartment?!?! That BS. I’d move out yesterday making that and stuck at home. I rented a beautiful brand new one bedroom apartment in NH for $1850
@8:16 There you go.That's the very reason most Indian American couples build wealth that much faster despite being migrants with almost nothing to bank on when they start. I cannot agree to this more. What a remarkably smart person Jade is for personal finances...
"Buying a cheap condo with low HOA fees can be a smart decision. It's important to do your research and take into account factors such as location, the condition of the property, and the cost of associated expenses like HOA fees. Start looking now and it could be the best decision you ever make!"
