advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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hey guys sorry haven't been able to log on for a little while. I really appreciate all of the advice. I will take it all into consideration. My plan now is definetly to just get rid of the cc debt...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
5,378 Views
As you can see lots of differing opinions here.
My $1 worth...
1. Keep the stock
2. As for your cc debt are you just paying the min or are you seriously paying it down? If the later, just keep...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
5,378 Views
what's the interest rate on your CC debt? it's almost impossible that the rate of return on whatever stock you have is anywhere near the interest rate on your debt. therefore sell (just enough) stock...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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Congrats on having two of the biggest questions in life figured out at 23. I'm a few years older and wish I had those 2 figured out.
You're in a good position right now to start building...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
5,378 Views
From a fellow Fire/Medic congrats on landing a position. I know in my area, it is extremely saturated with new Fire Fighters/Basics due to the local Community College pumping them out, so it makes it...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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You are right, depends on the area too. My area had better deals for short sales than foreclosures if I was willing to wait which I was... But foreclosure you can get a good deal as well and they...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
5,378 Views
At what interest?
You cannot save while you're bleeding at the same time.
Sell your stock NOW. Not all of it, just whatever you need to stop the bleeding.
Don't get married now, it can...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
5,378 Views
Sell the Saab, buy a Ferrari.
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
5,378 Views
I agree with everything except the short sale. Short sale is just so time consuming and you feel like you're in a limbo. Not worth the hassle when there are foreclosures out there that are much...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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I wouldn't go with a 15 year mortgage... Doesn't make sense when interest rates are low as they are and the tax benefit you get. Plus if you decide to rent the place out then a 30 year would be...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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:iagree: DO NOT SELL YOUR STOCK! My advice:
1. Take out a loan to pay off your credit card debt
2. Save $5000 per year and throw it in a Roth IRA.
3. Once your are debt free, start saving...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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First of all like a lot have said wow looks like life is doing good for you and congrats. To put it simple and no brainer get rid of the debt (everything you owe with what you make). After that...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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Great advice Loop610bob.
As much as I am enamored of making "easy" money in the stock market, the best asset you can invest in is yourself, specifically your education, your health and your...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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Money and life are games of risk and chance. Do everything in your power to mitigate risk in all areas of your life. Take the long view.
You should be looking at your ledger at least twice a...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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Haha well I understand the reasoning but it's not the single best way, but you are right in the long run. The guy is a firefighter so he will have to stay in shape. Learning to cook food from...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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The best way to save money is to exercise. Medical bills wont be huge later in life if you do.
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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just make sure however much MORE you make per paycheck (at the new job) you use to pay off your credit card. And after that is done, set it up to be transferred to a savings account. Let's assume you...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
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Congrats on the job and the girl.
My advice would be to listen to the Dave Ramsey podcast (1st hour free on iTunes). If you agree and think some of the ideas make sense then read his book. ...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
5,378 Views
set up a reasonable budget and pay your debt down, and then keep on the budget and your savings will grow. Given that the stock was a gift it has a physiological attachment, keep it and use it for a...
advice for 23 year old who just got his dream career.
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Thread created 09-05-2011 by l0veyoul0ngtime
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33 Replies
5,378 Views
If your check engine light is on you better get it checked out now. Or you will also be adding in the cost of a car into your big picture.
Personally I would leave the stock alone. Tighten your...
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