Re: Am I Too Young?

Posted by Tim B From MA on January 14, 2006 at 21:18:53 from (64.30.77.78):

In Reply to: Am I Too Young? posted by in-too-deep on January 14, 2006 at 20:04:48:

It might be a little early in your finacial life to buy property, but you have the right idea! I wish I had the forsight and wherewithal to get started buying property earlier than I did. But you will probably need to at least save up a decent downpayment before you can get a mortgage. But plan, save, and go for it. I'd bet you could own your own place in 2 or
3 years. That may seem like a long time to a 18 year old, but it isn't.

One other comment thought; as early as you can, start putting money into retirement plans; IRAs and 401k's and such. That is another thing I wished I had started alot earlier. $100 will likely be a heck of a lot more at retirement if you socked it away at age 25 compared to if you invested it at 35. Good luck.

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