How much is Dave Ramsey House?
Similarly, how much does Dave Ramsey say you should spend on a house?
Dave Ramsey recommends your housing payment, including property taxes and insurance, to be no more than 25% of your take-home income. To maximize your savings, you should get a 15-year, fixed rate mortgage. That means the maximum amount John and Jane should spend on their home payment each month is $1,500.
In respect to this, how much is Dave Ramsey worth?
Dave Ramsey has come a long way since filing for personal bankruptcy in his early years. With his estimated net worth of $55 million, he's living proof that anyone can turn a bad financial situation around.
To determine how much house you can afford, most financial advisers agree that people should spend no more than 28 percent of their gross monthly income on housing expenses and no more than 36 percent on total debt -- that includes housing as well as things like student loans, car expenses, and credit card payments.