It really depends on the 20 something’s view point and or position. It seems impossible to generalize advice for all 20 something’s.
Would your investment advice/philosophy be the same for a school teacher who just wants to be a great school teacher and volunteer every summer with no additional income until they retire, as say an attorney, a doctor, or a mechanic for Mercedes that moonlights as a bartender on Saturday nights pulling in an additional 500 to 750 each week in cash.
If you generalize with all, you get silly stupid little esoteric pieces of advice as given.
PS did we all fail to mention… become an expert in credit reporting and keep your score in the 780 and up range.
Amex jingle to get a little piggington humor going …
Student loan balance after 3 ½ years before dropping out to be a loan officer… $75,000.
Average dinner and bar tab for a night out… $450 week nights… $950 weekends…
Designer Jeans, shirt and Bruno Magli shoes that you wear to work and the clubs… $900
Rolex watch you bought in Vegas after loosing 20k at the tables so you can keep your image with your boys… $15k
New rims and low profile tires for tricked out Escalade that needs constant alignment… $12,000
Audio Video System with rear video screens and xbox when you don’t even have kids… $10,000
Down payment on 6 condos that you are planning to flip to hard working peers and make 250k each on… $240k
Being a 40 something getting ready to watch you get your ass handed to you and having to get a job at Starbucks…
PRICELESS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
