My thoughts exactly.

Yeah, I guess I'm so obsessive about saving that I'm not sure how much I want to save on top of my Roth, 401k and other investments.

 

these are the replys im looking for! thanks for the Great alternative. Im going to look into one of these accounts today... Mabe its just i feel like i have cash and i need to spend it? A Roth IRA would be a great investment for sure.

one day..

 

haha i dont actually live at "home" its our guest house... so its no problem with the laides... haha

 

This is what I did and it worked just as this gentleman states. I saved my money and drove beaters for years. Friends of mine were buying Corvettes and sinking thousands into Mustangs. They're in the junk yard now and I can walk away from my job if I wanted to. Somebody who's 18, living at home, and making $25,000 or $40,000 a year is in no position to buy a $30,000 car.


Money>Cars

 

Agreed.
When you get as old as me (35) all you can think about is saving your money and getting to retirement as fast as possible. I just bought an EVO, but everything is in place and I invest 23% of my check into my 401K, so I can retire around 60 hopefully. If I could do it again, I would have studied harder and got awesome grades, gone to college (4 year), got my BSME, graduated at 21, got a job at a good company, and by now I would probably be making $75,000+/yr and invested a lot more into 401K and I may have been able to retire at 50. But I took the "slacker route" and did the "bare minimum".

Save your money, get college out of the way, and look towards the future, then you can get a hot car.

 

If you feel the need to ask, you don't have the money. The costs (just in parts) is brutal on the EVO compared to your mustang.

 

From personal experience, I'd say no!

 

ask your parents for some help, say you'll pay them back after college..... i suggest going into pharmacy... a buddy of mine made 95k after graduating with only 2 years of pharmancy school after his regular 4 years.... he was 24 at the time... now he makes well over what i make.... doctor of pharmacy is better than doctor of medicine... less stress and good money... then you can pay back your parents and more.... don't listen to what other people say just borrow from your parents

 

no comment

 

wow what a useless post man i mean what did you just write that to boost your post count?

yah im going to hold off and go buy a civic... yah right!

 

go for it! as long as your going to be happy living with mom and dad for 5 years until your car is paid off. go buy a GSX and get an apartment. much better use of your money.

 

amen...

 

I just bought an 03 Evo and I am 20. Right now my family is really supportive, in that they are helping me build my credit. And helping me with payments and with what they can. We are not the richest of people, believe me. I know it is probably an unwise decision to go with an EVO to do this. But I plan to keep mine stock and mainly a weekend driver. Im goign to keep regular maintanence and keep it covered. Even while I ago over to the next town and go to college (junior transfer), hopefully financial AID can help me out there. For the first couple days and even a little bit today, I kinda slept un easy.

Life is full of ups and downs, like so many have said its ur decision. There are many things out there much better, but it is up to you. You make mistakes, and you learn from them. Maybe this is a mistake, but I am rolling with the punches and hopefully wont get knocked down.

Once its paid off, its paid off. But untill then u live each day....

My answer is if it really is an answer, make it a good one....

 

lol. no lie i make around the same as u, and i baught a evo IX MR. its hard,,...
knowing that i could have baught a IS350 for the same damn price maybe less makes me cry....and girlfriendless..
if u can live with ur parents at 25 yrs old, go for it.

 

good knowledge son