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re: saving at the beginning of your career.Posted by kingbob on 11/12/13 at 9:34 pm to FootballNostradamus
quote:
It's smart to start investing young, but you don't need to turn into a 40 year-old overnight with a mortgage and all your money in investments. There's nothing wrong with getting an apartment, meeting people, having some fun, and only putting a little towards your retirement for the first couple of years
Nah, I think I've had enough fun
I already have an apartment, but I know it will get cost prohibitive to keep renting it long after graduation with my roommate moving out. I'll probably either downsize apartments or move back in with my parents (preferably not this, although it would save me a ton in rent and food) while I save up to build my house. I'll already be working a big boy job. My SO is 1 year behind me in school, so my goal would be to be able to start on the house (or even better have it done) about the time we would be getting hitched. She should then be able to provide a second income. That way, I can hit the ground running in my career and in three years already have the wife and the house and start building my empire (pun intended as I'll be in construction)
I found it! Everyone on the moneyboard invest with me! I just figured out how to get all of you 13% every year with almost zero risk!!!! Send all your money to me today. Did I mention that the place I'm King of is in Sub-Saharan Africa?
re: saving at the beginning of your career.Posted by Fat Bastard on 11/13/13 at 8:38 am to kingbob
quote:
kingbob
you want a decent return SECURED by RE?
Do some short term private lending. That is is you are not interested in rental cash flow or flips.
It can give you a decent return without a long term commitment.
This post was edited on 11/13 at 8:40 am
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