How to make it in life

[amol]

Originally posted by: spidey07

Originally posted by: mugs

Originally posted by: Yossarian
live within your means. if you have to carry thousands of dollars on your credit cards you aren't.

Live BELOW your means.

I see so many people my age buying expensive cars because they get out of school and they're making $50k a year... but at the end of the year they have nothing left. So stupid.

yeah, all the younger guys I know are in the same boat - got decent job out of school (50K will provide a roof over your head) and they run out and buy a 35K car.

They are now 27-29, no house, no retirement, no savings, no real assets and getting raped on taxes wondering why they can't seem to get ahead.

yeah exactly

the way to go is to buy a used car that WAS $35K when it was new

i.e. 2002 G35 vs a brand new 2005 G35

$17K vs $40K