Buying a home is a major decision with lasting financial impact. Seek advice from financially successful people like Kevin O’Leary, whose net worth is $400 million, for tips on growing wealth and smart real estate investments. O’Leary shared a golden rule for homebuyers in 2025: don’t spend more than one-third of your after-tax income on a mortgage to avoid financial risk.

O’Leary advises not paying more than one-third of after-tax income on a mortgage to avoid financial trouble. Living within your means is crucial, as expenses like taxes, maintenance, and fluctuating mortgage rates can add up. Experts support O’Leary’s advice, suggesting keeping housing costs under 25% of gross income to fund essential financial goals like saving and investing for retirement.

Read more at Yahoo Finance: Follow This Rule If You’re Buying a Home Soon