New Money Goals | What's next after paying off my credit card?

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I'm documenting my financial life which includes everything from paying off debt to budgeting to buying my first house! If you want to know what I'm up to on a daily basis, follow me on Instagram, Twitter, or TikTok. 😊
/ thelifeandnumbers
/ lifeandnumbers
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Disclaimer: I don't have any formal financial background or training. I'm just someone who wished someone had taught me about finances when I was younger and I want to share what I've learned along the way. 😊
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Опубликовано:

16 апр 2023

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Комментарии : 31

@kurateddesignsbykim Год назад

Don’t put pressure on yourself! The house will come at the right time! Great content, keep up the good work.

@lifeandnumbers Год назад

Thank you, I appreciate it!

@geanc3503 Год назад

Thank you for sharing your journey on this platform. I believe you're making a very wise decision to not rush into home ownership just to say you have a home. Bc there are so many ppl out there that have a home but are living house poor. I was able to purchase my first home at the end of 2020. Wishing you all the best. I will continue to support your channel.

@lifeandnumbers Год назад

Thank you so much!!

@artofnia Год назад

Don't rush to buy a home (coming from a homeowner) with today's high interest rates it's scary. And new build homes definitely have problems too. I heard of this quote: renting is not throwing away money. You're paying for a service just like you would on anything else. Your landlord is providing a service to you." Once you add utilities to a mortgage over $2k it's easy to be house poor.

@yvettegarrett8685 Год назад

I have some suggestions for you. If this is not going to be your forever home look at this. Look at a two bedroom condo / town home / duplex. Also, look at older homes that have been remodeled or gutted. Also, don't rush into anything, just take your time and do your research. As far as your finances I think you have to be more focused in saving for the 20% down payment. you can do this. I love your channel and your attitude with obtaining your goals.

@lifeandnumbers Год назад

I like all of those ideas, especially a duplex! I would live in one unit and rent out the other, that would be amazing! But there's not a lot of them in my area. I also like older homes that have been remodeled! I definitely don't want to rush into anything. Thank you for watching and your support!

@laroygreen Год назад

At these prices, tipi tents will make a come back.

@lifeandnumbers Год назад

😂😂😂

@12thmanreppin Год назад

Girl we paid off 10k in 3 months let’s go!!!! we can get 40k or more in a year!! Let’s go girl!!! And I’m pretty sure you said you got more in savings girl we not trying to touch that lol. I’m just shook we paid off 10k In 3 dang months.

@lifeandnumbers Год назад

40K in a year sounds so hard! 😩 You have so much faith in me lol 😂😅 Yup I have 6K in emergency savings and almost 18K saved for a house.

@12thmanreppin Год назад

@@lifeandnumbers girl faith done sky rocketed after that debt pay off. Over here just winning. 40k is hard shoot I’m over here 1000 is hard for me lol. But how did you do the 18k for the house? Like every paycheck set aside 400 or what was your steps? I’m so proud of you!! As a single person doing all this is awesome!!! I want to purchase home but I think just being single makes me a little hesitant of moving forward and stuff. Anyways lol PROUD OF YOU GIRL!!!

@melaniesmith1928 Год назад

Don’t think of it as bleak. Think of it as you have options: cheaper house, more down payment, or do nothing! In your case, listen to your discomfort (your gut), and stay where you are until it makes sense for you financially.

@lifeandnumbers Год назад

Very true!!

@harolynmunford1853 Год назад

You're so disciplined. You make me want to do better😅. Keep it up and I hope you reach your goal.

@lifeandnumbers Год назад

Thank you!! You can, create a plan and stick to it! 💪😤

@glynischatman5719 Год назад

You are such an inspiration don't rush buying a home, until you are truly ready. Trust and believe when you are the landlord, that it's your responsibility to get the maintenance on things done. My husband and I, learned the hard way when we bought our home, I wished we could have taken our time, on what it meant to be homeowners. If it was up to me, I would have done a 15yr mortgage, but hey you live and learn, I enjoy my mortgage free home now.

@lifeandnumbers Год назад

Thank you!! And yes that's what I'm afraid of, all the things that can go wrong and now I'm responsible. I'm so happy you don't have a mortgage anymore!! 👏

@MsBennin Год назад

Do NACA!!!

@lifeandnumbers Год назад

I've considered that! But I've heard horror stories about how long it can take, some lenders and builders don't want to work with them, and my income is higher so I don't qualify for their lowest interest rates. And even their interest rates are almost 6% right now 😩

@Ty-tn5uh Год назад

I need whatever job you have lol

@12thmanreppin Год назад

Time is going to be our friend lol.

@gloria9307 Год назад

As a financial advisor, can I suggest that you at least contribute the annual maximum allowed per year in the Roth. Also, I think you would benefit from listening to or reading the book The Simple Path to Wealth by JL Collins. I think it would really help you.

@lifeandnumbers Год назад

Didn't know you were a financial advisor! I've had goals to max out my Roth IRA in the past but now that would decrease how much I could save for the house. You still think it's worth it? Never heard of that book but I'll check it out, thanks!

@summerjoy247 Год назад

Any realtor would say get the other $50k from your retirement plan. Lol They always say that to us but hubby wouldn’t do it. You could look into loans that waive the PMI and/or offer first time homebuyer benefits.

@melaniesmith1928 Год назад

Because realtors don’t care about you borrowing from your future. They want their commission today!

@ForodhaHouse Год назад

Realtors are working their bottomline...unfortunately many heed that advice and later on regret it.

@lifeandnumbers Год назад

I don't even have $50K in retirements! 😩😩 That house that I lost at the end of 2021, I was using a lender that offered 0% down and no PMI. But with the cost of homes combined with high interest rates, those benefits from the lender don't help much because the mortgage is still way too high.

@ForodhaHouse Год назад

@@lifeandnumbers its well. Definitely the situation lends itself for you to build up other areas of life financially. As it is cash might be alternative in this high interest season.

@mirelisolis828 Год назад

What are tithes?

@lifeandnumbers Год назад

I'm Christian and tithes is when you give back 10% of your income to God. I made a video a few years ago that has more details ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-bD0Z8z3Ywqo.html