[00:01] your own place? So, whether you live at home or you have roommates, use this test. You need to get four out of four, and if you do, you're ready to move out. Number one is that your rent should be less than 35% of your take-home pay. So,
[00:13] you can see that if you make around $100,000 per year, the monthly rent that you can afford is around 2327 per month, and that's based on your take-home pay. thin by renting a place that you can't comfortably afford. Number two, you have
[00:29] because moving out is expensive. You need the first and last month's rent need to make sure you have a cushion so that if you do move out, you aren't cash Number three, you're still contributing to retirement even by moving to a new
[00:44] place and paying that new rent. And number four is that you have no high now pay later debts because those are wealth killers long term. So, if you place with a higher rent, you want to make sure your debt is under control. If
[00:57] you don't have all of these four, maybe it's not time to move out just yet. You future self will thank you for it. And let me know in the comments if you agree let me know in the comments if you agree or disagree.