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SVTPerformance's Chain of Restaurants
Road Side Pub
The 2018 Mustang is Here - Full Details Inside
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<blockquote data-quote="DHG1078" data-source="post: 15514712" data-attributes="member: 65442"><p>lol I'm not in finance. </p><p></p><p>Its not easy, and not necessarily recommended, but it is possible and you are making a couple assumptions. Living in the more expensive parts of the country makes it dam near impossible to realistically do it. </p><p></p><p>First, no one with decent credit should be paying 5% interest. If you have good credit, it should be 2% at most. </p><p></p><p>You are assuming no savings for a significant down payment, and no trade in on a car. No bonus opportunities at work, etc. I would agree that many 25 year olds probably don't have a big savings, especially if they just got out of college. If they actually got out of college "on time" at 22-23, had no significant debts to take care of, and were motivated, they could save up for two years to three years. In the right field, 22-23 year olds are making 65-85k a year out of school, sometimes more. </p><p></p><p>You don't have to be from an affluent family to make that kind of money out of college. Just have to pick the right degree/trade. </p><p></p><p>I don't know about you, but I don't spend anywhere near $528 a week on food, gas, utilities, etc., even in Los Angeles. Although in the summer I get a couple giant electric bills.</p></blockquote><p></p>
[QUOTE="DHG1078, post: 15514712, member: 65442"] lol I'm not in finance. Its not easy, and not necessarily recommended, but it is possible and you are making a couple assumptions. Living in the more expensive parts of the country makes it dam near impossible to realistically do it. First, no one with decent credit should be paying 5% interest. If you have good credit, it should be 2% at most. You are assuming no savings for a significant down payment, and no trade in on a car. No bonus opportunities at work, etc. I would agree that many 25 year olds probably don't have a big savings, especially if they just got out of college. If they actually got out of college "on time" at 22-23, had no significant debts to take care of, and were motivated, they could save up for two years to three years. In the right field, 22-23 year olds are making 65-85k a year out of school, sometimes more. You don't have to be from an affluent family to make that kind of money out of college. Just have to pick the right degree/trade. I don't know about you, but I don't spend anywhere near $528 a week on food, gas, utilities, etc., even in Los Angeles. Although in the summer I get a couple giant electric bills. [/QUOTE]
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The 2018 Mustang is Here - Full Details Inside
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