Listen: Twelve Thousand Dollar, One Hundred Percent, Ten Thousand Dollar discussed on Dave Ramsey
"Good how are you today better than I deserve what's up. so my question was how much do you think young people eighteen to twenty three shed prioritize investing and starting early relative to kind of piling Casper out first I'm I think you can do both there there's no rush to buy the first home generally speaking from eighteen to twenty five there's a lot of transition in your life. there's a lot of moving around things that happen new jobs finishing or going to college possibly getting married a lot of stuff happens in that eighteen to twenty five range and so yeah and every one of those things may precipitate living in a different place and so like if you bought a house in eighteen and let's just get you know I don't know your situation but let's just pretend you then or or at nineteen and then you finished college and got married there's a real high percentage chance that house and cut that you're moving somewhere else so you probably should just ran it during that time and piled up cash so it's not a rush to until things kind of settle out in your life and you know what the groove is not you can settle in the groove eighteen that's fine you see I graduated I know what I'm doing this is what I'm doing and there's not gonna be any big changes going forward then that's fine but you know the if you are in college one hundred percent I want you to focus on college not on saving for a house and not on by investing because the best rate of return is education assuming you're studying something that's usable in the market place and not getting a degree in left handed puppetry or something like that so. but yeah that's the best return because you make more money on that than you do on a mutual fund or on purchasing a house and so but it all depends on your situation the more stable and predictable the less transition that is in your future the more you would lean towards may be buying a house but I'm just not her either I love real estate I want you to home real estate real states a good place to have money it's a good thing the only to have a part of your life going forward but but it's it it's not necessary. that you get in a hurry on it to just just to get on just to say on a house Anthony is with us in Jacksonville Florida hi Anthony welcome to the Dave Ramsey show Dave how are you better than I deserve what's up well I'm twenty two and I'm starting a air conditioning company and I wanted to know if I should we. vehicle leased or by a band for it's a thirty five hundred or whatever I could afford it by cash or what should I do. if you want to win in business you don't borrow money. and that would include leasing okay you sing is just another way of financing something if you lease a copier you financed your copier if you Lisa van you financed your van what you did you bought a van you could afford Jordache to and so if you got thirty five hundred Bucks. yes Sir I do. then pay cash for your rant and go my god your money and if it does that look as good as. the other day and I had this been twelve thousand to get a nice one or I'm sorry your doing heating and air yes Sir how many people do heating and air was someone based on the quality of their van. good point zero right they do it based on the quality of whether you do the work well or not and have a good price how old are you again twenty two good for you good for you sharp young entrepreneur man should check in this thing off on your own you in the van and get that done now yes there way to go man have you been working in the heating and air business for awhile yes Sir my dad owned a home business so I've been working with him for quite awhile okay and so it's just gonna be you in the van and start off yes Sir were you gonna get your customers I'm hoping in the next couple of months I've been going to school and took my contractor's license so. I'm I'm just at the beginning stages. let me worry about what kind of marketing a unity word your customers going to come from. well the past few years I've been kind of I guess advertising have now conquered the numbers and solid gonna call them it's called the print people my dad has other business people dogma. some customers from hell okay so he doesn't need he doesn't he's got some overflow he can throw your way yes Sir and we kind of trying to retire so okay all right so we'll transition out of that good now I don't mind you moving up to a ten thousand dollar man but go make twenty or thirty grand and then we'll talk about and pay cash for it got you okay but always be thinking this is a business transaction this is not a prestige purchase and so you know I've never walked into a guy's office and because we had a twelve thousand dollar desk in his office I did a deal with him. yeah ever. not once does not affect I might not do a deal with him because of that right but I've never walked in there and so people all the time by things in business that they just personally one only.."