logo
episode-header-image
May 2023
23m 1s

"How Much of My Income Should I Spend On...

BRIAN PRESTON AND BO HANSON
About this episode

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

Up next
Today
Reacting to Viral Money Clips with Erin Talks Money
Brian and Bo team up with special guest Erin from Erin Talks Money for a special reaction episode. From Roth IRA debates to the “poor rich” trap, the psychology of retirement spending, renting vs. owning, and the magic of compounding, this episode unpacks the biggest money myths ... Show More
24m 59s
Aug 22
The Best Financial Strategies by Income, from Financial Advisors
Does wealth building look the same at $40K as it does at $300K? We walk through how to optimize your money at every income level - from stretching every dollar at $40K, to fighting lifestyle creep at $150K, to advanced strategies at $300K. Discover the mindset and math behind fin ... Show More
40m 43s
Aug 20
Are You Middle Class In Your State? (And Why It Doesn’t Matter)
What does it take to be “middle class” in your state? From Mississippi’s $49K to Maryland’s $90K, the income range might surprise you. But here’s the bigger truth: labels don’t create wealth, behaviors do. We break down the data, reveal the three key ingredients to wealth buildin ... Show More
1 h
Recommended Episodes
Nov 2024
How Much Should Your Spend on Rent (By Income!)
In this episode of the Personal Finance Podcast, we're going to talk about how much you should spend on rent by income. How Andrew Can Help You: Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a fu ... Show More
34m 12s
Jul 21
Finance Expert: The Truth About Buying a House and How Her 652015 Rule Built $200K in Passive Income!
Renting is smarter than buying?! Personal Finance Expert Nischa Shah breaks down the 65-20-15 hack to making money, why saving for a house might RUIN your path to financial freedom, and how to build REAL wealth through passive income, smart money habits, and beginner-friendly inv ... Show More
2h 10m
Jun 10
444 - “Do Not Buy A House!” - DO THIS to Build REAL Wealth Instead with Ramit Sethi
What if everything you’ve been taught about money is wrong? In this real talk conversation, bestselling author and financial expert Ramit Sethi reveals why buying a house might be the worst investment you can make — and what to do instead to build real, lasting wealth. You’ll lea ... Show More
1h 23m
Apr 2025
Live on 20% — The Essentials of Creating True Wealth
In Episode 255 of the Cardone Zone, Grant Cardone dives deep into one of the most important financial disciplines you can master: living on just 20% of your income. Grant breaks down the critical steps required to move beyond just being rich and instead reach true wealth. Learn t ... Show More
53m 1s
Feb 2025
Ask HTM - Birth Now Pay Later, Forcing Home Equity with a Basement Build, & Saving vs Paying Credit Cards #946
Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guid ... Show More
54m 2s
Mar 2025
220. How to Talk About Money with Your Partner with Ramit Sethi
Talking about money with your partner can feel awkward, overwhelming, or straight-up terrifying—but avoiding it? That’s a guaranteed way to create resentment, stress, and financial chaos. Nearly half of couples argue about money, and 36% say it's one of the biggest sources of str ... Show More
1h 27m
Mar 2025
How to Build Passive Income on Any Budget (For Real)
Want to stop working for your money and start having your money work for you? This vault episode is packed with insights on how to build multiple streams of passive income—even if you’re starting from scratch. I’m joined by Chris Miles, the Cash Flow Expert and Anti-Financial Adv ... Show More
48m 4s
Nov 2024
How To Build Wealth & Create An Abundant Financial Future
In this powerful masterclass on building wealth, I brought together leading financial experts Jaspreet Singh, Vivian Tu, and Mark Matson to dive deep into the psychology of money and reveal the hidden truths about creating lasting wealth. We explore how your money mindset shapes ... Show More
1h 7m
Dec 2024
How to start a 7-figure business in 2025: Advice from 4 millionaires
To get free fractional shares worth up to £100, you can open an account with Trading 212 through this link - https://www.trading212.com/join/ALI. Terms apply.When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future ... Show More
38m 10s
Nov 2024
BUSINESS COACHING: Lets Get Real With Passive Income
BUSINESS COACHING: Lets Get Real With Passive Income In this episode of Join Up Dots, we tackle the often-misunderstood world of passive income. While many believe it’s an effortless path to financial freedom, the truth reveals a journey filled with upfront effort, strategic plan ... Show More
21m 1s