I’m not a car guy. I never have been. Growing up where I did in New York, it was certainly liberating but not totally necessary. My father was never a big car guy. Most of my friends weren’t either, so I never got into the whole thing. In fact my first two cars combined only cost about $2,000. Sure, at one point, as I mentioned when detailing my worst money mistakes I went a little overboard with a car, but the car itself wasn’t expensive. Truth be told, I really don’t care about, nor care for the price tag of a vehicle.
Retirement. It has been the topic of much discussion in recent years: concerns over pensions disappearing, the performance of the stock market, and more recently the benefits of investing in a Roth IRA among other concerns. As odd as this may sound, the word retirement may not exist in the near future. Traditionally, retirement is synonymous with leaving the work force. One day you feel your nest egg is large enough to take your name plate off the door and it’s nothing but gardening and destination vacations. A new survey shows that the millennial generation is not planning on early retirement. In fact, they don’t plan on retiring.
For years you have been trained to think that home ownership is one of the best final decisions a person can make. You are trained to think you are a responsible adult when you own a home. The “experts” always said that buying a home is the best investment you can make. Realistically, that isn’t always the case, as there are drawbacks to owning a home. Sometimes you are a responsible adult when you choose NOT to own a home. There could be a variety of reasons to rent, not the least of which could be to save money and generate income to invest.