Jul 27 2008
A Five Year Plan?
Planning can be tough. Often life throws whatever it wants at you and the unexpected becomes situations that need adapting to. Continuing education, regardless of the location or price can definitely accelerate one’s path towards a better career, but what about other immediate and long term needs that should be tended to? Buying a house or condo during this real estate down swing could be a huge benefit for a young person trying to become more financially secure. Is getting into a house sooner than later more important than getting a graduate degree?
The student loan bills come every month, never fail. Rent keeps coming as well. The rent can be deflected by getting a condo. With a condo the money sent in every month will at least give you shelter and go towards owning the place you live in. That sounds much better to me. A more appealing price point would be even better. Not having to put a ton of money down up front would help. I don’t want to get into something that I can’t afford, but I’d be willing to stretch my budget and work more in order to accommodate my situation.
