VIP Financial Education's video: The Major Cost You Never Consider Which Costs You Dearly

We often talk about buying a house in terms of what you can afford, but a recent article in The Atlantic had me thinking of this in a different way. How much can you spend without losing sleep at night? And this is an interesting question because the answer is going to be different for everyone. Some people may be perfectly comfortable spending the often repeated 28% of their gross monthly income on housing, while others may find it difficult to sleep at night spending 20%. I think this really begs the question: What is it you value most in your life, and what compromises will have the least and the greatest effects on your ability to rest easy at night. The first part of this is simple. We can sit and write down what we value most in life with relative ease. And actually, let me challenge you to do this simple task today, either after the video or by pausing the video really quick, writing down your values, and then hitting play. For those of you who did just that, I now want you to take a look at your list and think about which ones you’re most willing to compromise and which ones you’re not. It’s going to be easy to fall into the trap of wants here - and we’ve got to be careful as giving our desires more weight than our needs is something that will surely take away sleep at night. But there certainly is a balance you must strike here if you are going to end up with the strongest possible foundation - a foundation that’s built upon your own truest priorities - the ones that’ll give you the most peace at the end of the day. So take a look at your list and put them in order of importance. Think about which things give you the most energy and peace of mind and the things that may add something nice but don’t necessarily make much of a difference in the true quality of your life. The Atlantic article: ► https://www.theatlantic.com/ideas/archive/2023/07/new-housing-affordability-crisis/674679/ Get one-on-one coaching with Matthew Pillmore: ► http://www.FreeCoachingCalendar.com Get your FREE Cash Flow Cruncher budgeting spreadsheet here: ► http://www.cashflowcruncher.com It's way more than just a budgeting spreadsheet! Manage your finances completely and easily with the Cash Flow Cruncher, our gift to you just for being a viewer of the channel! Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you! ► http://www.investmentanalysisworksheet.com Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/vipfinancialed Make sure to check out our social channels for more insight and industry news! Facebook - https://www.facebook.com/VIPFinancialEducation/ Instagram - https://www.instagram.com/vipfinancialed/ Instagram (Lifestyle) - https://www.instagram.com/vipfinancialedlifestyle/ Twitter - https://twitter.com/VIPFinancialEd LinkedIn - https://www.linkedin.com/in/vipfinancialed/ BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/ Disclaimer and Waiver — VIP Enterprises, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as "VIP Financial Education") are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offerings. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk and results always vary. The content is provided 'as is' and without warranties, either expressed or implied. VIP Enterprises does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will VIP Enterprises be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content. Furthermore, from time to time VIP Enterprises may earn an affiliate commission when a viewer purchases a product, program, or service as a result of our content.