I can tell he genuinely values AO’s advice. Love this for them ♥️

.i like the fact that the guy with the glasses was very polite and respectful this was a very interesting interview and educational video let’s all take notes and watch this video multiple times Anthony O’Neal is a great teacher

Sound advice you gave. He’ll be a homeowner in no time. Starter home for 200-400k? 😬 Sounds like a forever home to me.

I love that whole interaction. AO is getting better at giving advices every day . God bless him for our community.

Definitely pay off all your debt

@dahbajanman7044

21 күн бұрын

Nah, buy when the time is right while paying debt. I bought my condo in 2017 for 160k, but today it's 270K and you know what the interest rate is today.

The best advice you could give that man was to not have anymore kids. I tell my mentees this all time. We need more men to tell young guys to stop having kids at young age.

This brother is doing well. Brother please keep going !!!!!!!

Finish school! Paying on a student loan without a degree is throwing money and future earnings away. Child support and divorce are wealth killers.

Only thing I may have calculated differently is his opportunity costs of owning a home. I dont know his work situation or the time it takes up, and it sounds like he's likely pretty involved with his kids, but owning a home can have unforseen costs of time and money. It may be worth it for him to continue renting and give up the maintenance and repair responsibilities to keep time and income open. Not to mention, if rental amenities are frequently used they need to be added to the equation. we put a lot of value on the picture of home ownership when It isn't right for all people and situations. If he is intentional with his money he would still have great opportunities for other investments.

@MrTwade2006

21 күн бұрын

Home ownership helps because it can be paid off sooner than 30 yrs and then it’s an asset and the biggest asset is no mortgage. Sure there are repairs and maintenance but the way rent has escalated young ppl in our area can’t even afford rent so they stay with their parents up until their 30’s. I would recommend saving 20% down payment before purchasing though that way he doesn’t have to take out a FHA Loan that has mortgage insurance. We paid our house off in 12 years so it can be done, ppl just have to make a commitment to get out of debt. Our assets are being poured into interest and that does us no good. Slow and steady wins the race but we have to be diligent in living below our means. There was a time I worked 3 jobs to accomplish certain goals. It’s hard but now I don’t have to work like other ppl my age because we were tighter with our resources so it has benefited us. Also, God gives us all the ability to gain wealth.

@lisadanielleclark

20 күн бұрын

@@MrTwade2006 Great advice!

This was a great session!

That's some horrible advice 1300 mo in rent. I bought my house with no money down.No, closing, there are too many programs at the bank.Won't tell you about you have to go in and ask You can pay off the debt while you in the house cause you are exactly in the same spot that you're in now but with money in the bank I refuse to give my money to a bank when they don't need that down payment money

Amen... Anthony you're so wise beyond your years.. need more intelligent black men like you preaching the truth!!!

This was dope Mature conversation!!!!

I ❤️ this for him. Thank you AO. This is more than advice. This is ministry!

if he's making 95k and bring home over 6k and i'm making 105k and bring home less than 5k, either my taxes are too high, or it's my 401k contributions.

@thewb3

19 күн бұрын

It could be sista! He pays no state taxes in Texas? might qualify for EITC! (earned income tax credit)?

This was a great convo! He got some great gems.

He need a 529b for his kids and life insurance for home and his kids

I just love how AO hamdles this guy! AO doesnt come off snooty or judgemental

Greetings, I love this for the young man.

3 kids and looking to date? That seems very hard

Buy raw residential land in the middle of nowhere, or rental house abroad. Then tackle debt aggressively.

100 real as always! 💯💯👌🏾

Don't have any more kids is great advice. Depending on the type of student loans, idk if I would have taken the same approach. I had about the same amount in savings and double the student loan debt when I purchased my home in 2020. I'm glad I didn't listen when folks were telling me to hold off for a year or two and wait for things to die down. Not only have the interest rates gone up, home prices have also increased, and so has rent! But I hope everything works out for him, he seems to be going in the right direction.

great advice but I can't see myself giving up that much savings, because nothing in life is guaranteed including a job. the only security is what YOU have in the bank and assets. but I would definitely go aggressive with paying down that 23K debt.

I like these type of videos

I like this guest. He seems really humble. But, I’m not sure he’ll be able to find a home in Dallas, Texas for $200K, or even $300K.

Buy the house and pay off the debt through the new asset

pay your debt off

No child support, but he pays for everything? I’m gonna go out on a limb and say he doesn’t really pay for everything since his kids don’t live with him. He may spoil his kids with a lot of the things they want, but it’s a lot different when you’re raising the kids in your own house, and are responsible for their every day needs. He sounds like a young man with his head on his shoulders, which is great, so I wish him the best of luck.

@camijohnson9750

21 күн бұрын

Some parents don't go through the courts. It could be voluntary support.

@Lil08103

20 күн бұрын

95K is a great salary for someone who isn't even 30. so it's possible he may actually pay for everything but you raise a good point. everything actually includes partial rent toward a dwelling large enough to fit 3 more ppl and other "invisible" costs that the primary guardian incurs.

We don’t know if he is a great father to 3 boys 😆 he does not even pay child support

@willtacoma2ndgen661

19 күн бұрын

Okay 🤡.

$1315 for rent???? is that an apt with rooms for the boys? i thought dallas was more expensive now. that's not even a 1 bdrm here in nyc

@paulawhite5699

20 күн бұрын

Depends on how long you’ve lived in a place. No matter how high current rents are in a given location, there are always people paying affordable rents. I have friends in NYC paying less than $1,500 a month rent for 1 bedrooms and even a 2-bedroom in one instance. One moved into her grandmother’s co-op apartment, others got locked in before their neighborhoods gentrified.

@Lil08103

20 күн бұрын

@paulawhite5699 good point.

@KFontLab

20 күн бұрын

In Atlanta and even surrounding metroplexes rent for a 1 bedroom is 1500+ and that’s on a good day. I’m from Houston and been to Dallas and Austin quite a bit. I don’t know if those prices have made it to ATL prices. 1300 seems reasonable these days.

Wowwwwwwwww