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1. ARM's are not bad at all, and actually they make much more sense for younger buyers. The average person is not in their first house for more than five years, so getting a five year ARM at a lower rate makes much mroe sense.
2. Make more money. I work in a commission basse industry and I think the easiest way to creat wealth is to work in sales or own your own business.
3. Save AT LEAST 15% into a 401(k) if available. Invest in a variety of Large/Small Growth and Value funds. Also, don't sy away from international funds. Have at least 3-6 months income in a liqiuid account.
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