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chickentribs · 06-09-2005, 01:45 AM

Don't lease your car. One of the biggest temptations right out of school is to get all the car you can. It is non-disciplined and the cost of the money is too high. Instead, buy a car that is a couple of years old and if you do it right you have equity right away. I bought my 740iL at the auction for a third of what my friends paid for their Acuras, not that they know!

Don't underestimate the value of liquidity. You should have at least $5,000 sitting in a plain savings account before you start looking at CD's and funds. At 5% your only making $250 dollars in a year and that is a small price to pay the day you really need it for something.

and my advice for the ladies: "jewels, not jewlery!"

06-09-2005, 01:45 AM	#62 (permalink)
chickentribs Addict Location: Mansion by day/Secret Lair by night	Don't lease your car. One of the biggest temptations right out of school is to get all the car you can. It is non-disciplined and the cost of the money is too high. Instead, buy a car that is a couple of years old and if you do it right you have equity right away. I bought my 740iL at the auction for a third of what my friends paid for their Acuras, not that they know! Don't underestimate the value of liquidity. You should have at least $5,000 sitting in a plain savings account before you start looking at CD's and funds. At 5% your only making $250 dollars in a year and that is a small price to pay the day you really need it for something. and my advice for the ladies: "jewels, not jewlery!" __________________ Oft expectation fails... and most oft there Where most it promises - Shakespeare, W.