In this video, I'll be covering the topic of how much rent you can actually afford by income level as well as tips on how to set a realistic budget in order to build financial stability. If you're in the process of finding a place to live, figuring out rent prices, and deciding how much you should spend on housing, then this video is for you.

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Since 1985, rent prices in the U.S. have grown faster than incomes, making it hard for many people to pay their rent. Housing is a huge expense for most people, and the amount you spend on rent often plays a big role in your overall financial picture. However, this is a personal topic and there are many external factors to consider, so it's important to look into your unique situation before making a big financial decision. By the end of the video, you'll have a better understanding of how much you should allocate for rent if you want to be super financially responsible and have enough money for other things like investments and starting a business.

Make sure to watch this video all the way to the end, because I'll be going over 3 important rules (30%, 50/30/20, and 1 Week Pay rules), costs to consider, and the impact of locations to determine how much you can spend on rent. With more and more people spending most of their income on rent, you want to know exactly how to save and grow your net worth. Remember, being able to say you can afford something versus being able to say you can smartly afford something are two very different things.

If you liked the video, and you want to see more videos on personal finance, check out my other videos:

Why I Rent an Apartment Instead of Buying a House As a 30 y/o Millionaire:
   • Why I Rent an Apartment Instead of Bu...  

5 Passive Income Ideas - How I ACTUALLY Make $35k/Week in 2023:
   • 5 Passive Income Ideas - How I ACTUAL...  

I hope you guys found this video helpful, and if you did, please SHARE it with a friend or family member who you think could benefit and also LIKE and subscribe for more videos like this in the future!

Thank you so much for watching, and I hope you have a wonderful rest of your day!

-Charlie

#RENT #INCOME #FINANCE

Timeline:
0:00 - Intro
0:40 - Rent Vs Inflation
1:05 - 30% Rule
1:50 - How Much Should You Spend On Rent?
3:45 - Assess Your Own Situation!
4:44 - Example
5:30 - A Car Payment's Impact On Rent
5:53 - Your Location's Impact On Rent
7:47 - Example
8:55 - Getting In The 20% - 30% Rent Ratio
9:41 - Finding a Remote Job
10:36 - Final Thoughts

Topics covered: Rent vs Income, 30% Rule, Budgeting, Personal Finance, Rent, Money, Remote Work, How much House can I afford?

Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you!

In addition, I am not a financial advisor. Charlie Chang does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.

► My Instagram:   / charlie__chang