A car (part 2)

Part 2 - Your post college years.

When you graduate - you may be tempted to go buy or lease an expensive car.

Don't do this.

Several reasons.

1.) Having a car ties you down. When you are young (22-39), you will want to be able to pick up and move around at any time. Your friends will move around. You may meet different girls in different cities. Owning an expensive car will lock you into debt and will be hard to sell.

2.) After college, girls care less about cars and more about where you live and what you do. Most girls you meet will be successful and not as impressed by a flashy car just yet. Unless its very flashy (ie porsche, ferrari, etc), and then you probably don't need to read this blog anyway.

3.) When you are 22 - 28, you have to start saving for a house and retirement. If you don't understand the concept of compounding interest, then google it and understand that is where you make all your savings work. Don't throw money at an expensive car. Not yet. Wait until your budget is settled. Things can change dramatically when you are young.

4.) Freedom. Pure and simple, the less bills you have, the more freedom you have and you can move around and enjoy life more. You can change careers or take time off for extended months.

5.) Buy a car you can pay off in 3 years. That means you are looking for something around $14 - 16,000.