Reported 2 months ago
In a recent broadcast, financial expert Dave Ramsey advised a Houston couple, who earn $200,000 annually and were considering investing 60% of their income while renting, to reevaluate their financial strategy. He emphasized that living in an apartment exposes them to rising rent, which undermines their investment gains. Instead, Ramsey recommended focusing on homeownership as a more stable financial move, suggesting they allocate 15% of their income to retirement savings while building a down payment for a house. This approach aims to secure long-term financial stability and wealth accumulation.
Source: YAHOO