How to Make a Big Career Change the Right Way

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

🗓️ 23 August 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What's the best way to make a big career change in your 30s? And is it ever okay to pay more than 25% of your gross income for your house? We'll walk you through these questions and more in today's Q&A episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:07.0	investing, taxes.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:16.3	There's next question is from Wes.
0:18.7	Wes said, I'm 30 next year.
0:20.9	Man, I hope he got to hear the first segment with Ruby.
0:23.8	I'm 30 next year and buying a house that will be well under 25% gross, what's about
0:30.3	it's working.
0:31.3	Remember if you buy a house, we want your housing costs to be less than 25% of your gross
0:38.5	income.
0:39.7	So his house will be, is it okay?
0:42.1	I love that people ask us for permission.
0:43.9	Is it okay if my wife paused to pursue a degree that would bump the percent to around
0:50.1	35% for the year that she's away?
0:53.2	So we're buying a house and it's well below 25.
0:56.6	But my wife wants to go back to school.
0:58.2	She wants to go pursue education.
0:59.9	She wants to go invest in herself.
1:03.2	But if she does that, her income is going to drop and it's going to be 35% of our gross
1:08.6	income.
1:10.0	Is that okay?
	...

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