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Originally Posted by NoSoup
Isn't this the fellow that advocates never borrowing any money for anything?
Perhaps I'm biased (I'm a loan originator) but I definately believe in the power of leverage...
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Sure, when you have both sides of the equation under control. Fresh out of school just putting a budget together is rarely that time and more likely starting down the financial dark side. That's what Ramsey tries to help prevent.
I'll go along with the others and say hold for a few months. Get the job under your feet and let your checking account stabilize plus a bit of savings. Also, if you know a move is imminent, don't expect your rent and living expenses to stay low. Rents are wildly different across the country. If your employer doesn't regionalize pay upward you could be in for a rude surprise next time first+last+deposit comes due. When I left silicon valley a small place plus utilities started at about $1500/mo.
Oh, and CONGRATULATIONS! First real jobs are very cool things.
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There are a vast number of people who are uninformed and heavily propagandized, but fundamentally decent. The propaganda that inundates them is effective when unchallenged, but much of it goes only skin deep. If they can be brought to raise questions and apply their decent instincts and basic intelligence, many people quickly escape the confines of the doctrinal system and are willing to do something to help others who are really suffering and oppressed." -Manufacturing Consent: Noam Chomsky and the Media, p. 195
Last edited by cyrnel; 05-07-2006 at 08:33 PM..
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