"How Much of My Income Should I Spend On Housing?"

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 1 May 2023

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Whether you rent an apartment or own a house, how much of your monthly income should you spend on your rent or mortgage - and why? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We have a question from Jimmer.
0:09.4	He says, what's your thoughts on TurboTax versus a tax guy?
0:14.8	Our return is not too complicated at this point, but he's wondering, you know, how do you
0:19.1	tell when you're ready for one over the other?
0:22.7	No thyself.
0:23.7	Let me tell you the experience here.
0:27.5	We have a brilliant client.
0:29.1	I bet she watches this still.
0:30.4	Oh yeah, she's telling her for sure.
0:32.0	Goes to one of those fancy schools that, you know, I'll just say because it doesn't tell
0:35.5	who she is, but she went to MIT.
0:40.0	And she's a client and we are telling her, hey, your life's getting complicated.
0:44.2	You ought to hire a tax preparer.
0:46.3	Just save yourself the effort.
0:48.7	And then she hires a tax preparer.
0:50.4	And then she comes back to it.
0:51.4	She goes, guys, I just don't know.
0:53.2	You guys tell me that this is supposed to make my life easier, but their results didn't
0:57.2	match my results.
0:58.3	Did you not?
0:59.2	She whips out, I think a turbo tax file right next to the tape.
1:02.4	And I was like, wait a minute.
	...

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