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You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building wealth, and outrageous generosity.

Isaac is going to join us now in Cedar Rapids, Iowa. Isaac, how can we help?

Yeah, good afternoon, Ken. I just want to say that I really appreciate the free resource that

you guys provide. It's a lot of wisdom and guidance for some young people like me and people that are just

looking for help. Well, thank you for saying that. We're glad you're here today. How can we help?

Yeah. So I'll give you my situation and then I'll ask my question at the end. So I'm 24 years old. I'm on

Baby Step 3B kind of slash 4. I don't plan to buy a house in the next 18 to 24 months.

So currently I'm renting and putting 15% of my salary towards retirement.

Right now I've got 4% in my HSA and 11% towards my Roth 401K.

And so if you were in my shoes, would you recommend that I continue to put that 15% towards a retirement and then have a smaller amount set towards a down payment in the future?

Or would you put either more towards the down payment or even more than 15% towards retirement since I'm not planning to

buy in the next in the next year or so when are you planning to buy like if you had your your way

when would you want to buy probably two two years from now okay so I just reverse engineer it

I'd say if I want to buy if I want to be sitting in the house two years from now, then I'd ask myself, okay, how much would that house cost? That way I can figure out what the down payment would be. And then I can work it backwards and say, okay, let's pretend I need to put $80,000 down. How long is it going to take me to get that? And if you run that math, you might find, okay, I do need to start

now. And something tells me, yeah, if you want to do it comfortably, you might want to start now.

And here's the thing. Here's your options. You either start now and you do a mix of, I do a little bit,

you know, you've done the calculator and you say, okay, I'm going to put $500

away every month towards this and the rest goes towards baby step four. You might find

you can do both. You might find that you can do the full 15% and put aside. I was thinking,

can we dive into your numbers a little bit, Isaac? What is your take home? What's your take home? I was feeling that. I was thinking, can we dive into your numbers a little bit, Isaac? What is your take home?

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