Originally Posted by JourneyOfLife (Post 806917)

Since you are asking that sort of question here... you probably have no real direction yet.

My generic comment...

IMO; Invest in yourself, your knowledge and earning ability! College first! If you think you have a flair for being an entrepreneur, consider it after your education. Be very careful and thoughtful about your selection of Major. Make sure the field pays well and it will yield employment opportunities. If you are not sure about being an entrepreneur and think you will work for someone else. It is hard to beat certain Engineering fields in terms of earning power for a BS degree (bang for the buck). Same goes for certain jobs in Information Technology. After a few years of work and maturity, consider getting an MBA and figuring out next steps for a Management job (if you are inclined in that direction). If you are lucky, your company might pay the tuition for the MBA.


When you begin working , Consider contributing generously to your retirement fund and investing using low cost mutual funds (invest appropriately for retirement and your risk profile).

Slow and steady wins the race!

Originally Posted by graciegirl (Post 806918)

Will you loan me two dollars 'til Tuesday? ;)




And for Joshua who is too young to know this old line; http://www.urbandictionary.com/defin...amburger+today

Originally Posted by angiefox10 (Post 806959)

This post is correct. Kitty is absolutely right. You have to have credit. In fact.. that was what I would actually talk about. Credit and credit scores. We had credit... when the interest was less than what we were making on our money. Any time a company would offer "free" credit... We took it! 2%??? Easy call! Good credit scores means you can take advantage of all of those deals... you won't get them with bad credit.

We lease our vehicles. We don't keep vehicles longer than a couple of years. It doesn't pay to buy them. And for those who would say they drive too many miles... You pay for the miles either way.

As to buying a house.... I agree with Kitty. We bought our home. But there is a different way of thinking now. The paradigm today is rent. Things have change since we were your age. We would go into our jobs/professions for life. Now.... not so much. Kids today need to be mobile. They need to be able to move to get the big break. "They" are telling young adults to not be so "tied down". Travel light.

To the person who said to invest in yourself! Wow.... Big applause to that! Even to invest in how you look! That young person dressed one level above his/her level... Will be promoted first. Don't just stop at education.... Studies show... even your weight will make a difference in your success!

So much good information on this thread... I agree with the person who said they wished they had done this when they were younger... But we didn't have the computer then.

Good luck... I wish you well...

Originally Posted by zcaveman (Post 807037)

I would do like I did. Save some money and enjoy life. Take advantage of the 401K plans if you can.

Remember, you might not make it to retirement and you would have missed on a whole lot of living if you scrimp and save your whole life to get to retirement.

Z

Originally Posted by Mr. Grampi II (Post 807392)

Joshua : You have gotten a lot of great advice from some very wise people, there is not much I can add ....if I was you I would buy an ice cream cone and drive around with the windows down and the radio up!