1975: The Lame 25% Rule and How Much House You Can (Responsibly) Afford by Philip Taylor

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🗓️ 28 July 2022

⏱️ 13 minutes

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Summary

Philip Taylor with PT Money helps you understand how much house you can afford Episode 1975: The Lame 25% Rule and How Much House You Can (Responsibly) Afford by Philip Taylor PTMoney.com is about helping you make extra money, save more money, and spend your money wisely--all in an effort to help you fix your finances so you can build the life you want. It was started by Philip Taylor, a CPA, entrepreneur, and blogger who started the site in 2007. He also created FinCon, the popular conference for financial nerds. The original post is located here: https://ptmoney.com/how-much-house-can-i-afford/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:31.1	Hello I'm Ian Stirling and I'm with one of McCain's farmers who grow their
0:34.3	petite hang on these are odd looking potatoes. That's kale Ian. You do know you
0:39.2	need potato to make chips right? Yes but we don't just grow potatoes we actually
0:44.2	rotate different crops to help keep the soil healthy. So we eat McCain chips I'm
0:48.0	helping do some good. Exactly yeah you're supporting the move to regenerative
0:52.2	farming by the way I do know the difference between kale and potatoes of course you
0:57.7	do. McCain let's all check in. This is Optimal Finance Daily episode
1:04.2	1975 the lame 25% rule and how much house you can responsibly afford by
1:12.0	Philip Taylor of ptmoney.com and I'm your host and personal finance enthusiast
1:18.2	Diana Mariam. Now let's hear today's post as we optimize your life.
1:27.7	The lame 25% rule and how much house you can responsibly afford by Philip Taylor of ptmoney.com.
1:37.5	Right now as of February 2022 mortgage rates are attractive as a result the
1:43.7	temptation to buy is great especially for first time home buyers who want to
1:48.6	get in now while they can save big. However just because you think now is an
1:54.0	excellent time to buy does not mean you should. Make sure you know how much house
1:59.4	you can afford on your income before you jump in. How much house can I afford? When
2:06.5	determining how much house you can afford the banks will do a calculation based on
2:11.4	how trustworthy you are with a mortgage. While that number is usually higher than what Dave Ramsey
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