The 1.5 Rule

What is the 1.5 Rule ?

The 1.5 Rule states that your Home purchase should not go over 1.5 Times your yearly salary.

I created this idea to help people with affordability questions.


Because alot of times people end up being what is called house poor?

Meaning they are spending over 50% of their income on their housing costs.



For example

If you are single and make $50k 

$50,000 X 1.5 = $75,000

You Can afford a house that is $75k

Loan amount $75k 

Down Payment 3% $2,250

Total Loan $72,750 at 3.5% = a monthly payment of $326.68 a month 

Ideally you can search for houses that are higher than $75k up to $100k if you're in a buyers market and come down to that $75k price or even lower if you can

Vehicle Grades

As a Novice mechanic and car Enthusiast I have made and easy way to determine the value of a car and how good it is and  will help you determine whether you should purchase your next car or truck.

Grade A Vehicle (Average Price $8,000+)

No Scratches, Dents or Imperfection, No Mechanical Deficiencies Good Tire Tread  

Repair costs $0

(No operational issues)

Grade B Vehicle (Average Price $6,000+)

Limited Scratches, Dents or imperfections, limited Mechanical Deficiencies Tire Tread has some wear

 Repair costs $500+

(Car has limited operational issues but are Not Major)

Grade C Vehicle (Average Price $3,000+)

Some Scratches, Dents or imperfections, Some Mechanical Deficiencies Tire Tread has heavy wear 

Repair costs $1,000+

(Car is operational there might be some concern while driving although, there is no major mechanical issues such as Transmission or engine issues and bad steering parts that need repair Check Engine Light is on)

Grade D Vehicle (Average Price $1,000+)

A lot of Scratches, Dents or imperfections, a lot of Mechanical Deficiencies Tire Tread Is very low.

(Car is still operational but should take extreme caution when driving as there may be engine and transmission and bad steering parts and Brake system issues that need repair Check Engine Light is on)

  

Repair costs $2,000+

Grade F Vehicle (Average Price $500+)

Major Scratches, Dents or imperfections, Major Mechanical Deficiencies Tire Tread Is very low.

(Car is not operational and should not be driven unless it is and emergency or you are driving directly to repair shop as there are major engine and transmission and bad steering parts and Brake system issues that need repair Check Engine Light is on)

 Repair costs $4,000+

Women Self Defense kits

Ladies! 🗣 There’s a business that sells self-defense kits. This ENTIRE KIT is $60. (And they’re black owned 😉).
Link: http://www.beyonddefense.bigcartel.com