I agree with this. Check out his companyís Every Dollar app which is an incredible way to create a budget and track all your expenditures. I use it and I love it.
Renting is not a waste of money if you arenít planning on being somewhere long term. If you buy, you need to stay in the house at least 3-5 years so you donít lose money on it.
When you do buy a house, really try to do a 20% down payment minimum. I did a 10% down which isnít terrible, but I had mortgage insurance as a result and I was throwing that money away every month.
If you are able to put away $1,000 a month, I think you are doing fantastic. Save towards an eventual down payment and pump the brakes a bit on investing. Then after the house purchase, invest 15%, and then get aggressive on paying off the house early.
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