“Invest 15% of income into retirement… other 2,000 and save for a house… would sit at right about $5.6 million”
Dave Ramsey · The Ramsey Show · Your Money Habits Matter More Than Math
Play from 1:41:02
1:41:02
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What was described
Suggest allocating 15% of income to retirement and $2,000/month to a house fund
15% of income; $2,000/month; $30,000/year for house; projection $5.6 million at retirement
Said nearby on the same subject
“Our portfolio analysis since 2023 suggests a diversified APEC fixed income portfolio could target a 7.5% return with a vol of roughly 4%, depending on allocation constraint.”
“I bought the house for $80,000… monthly payment was $528… house needed about $20,000 in work… renting the house out for $1,200 a month… sold it recently for like $220,000.”
JC
John Crutchfield
BiggerPockets Real Estate Podcast ·
Why it worked$80,000 purchase; $528 monthly payment; $20,000 rehab; $1,200 rent; $2…Share this moment
“Take 15% of his income out, approximately $15,000 out of the equation per year, and we’re going to live on that.”
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Said on The Ramsey Show
Business model15% of husband’s income; approximately $15,000 per yearShare this moment
“He suggested living in one unit, renting the rest, using FHA, then refinancing to conventional to fund the next house hack.”