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Old 01-26-2015, 05:04 PM   #60
regguy1
 
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Drives: 2014 Corvette Coupe
Join Date: Mar 2014
Location: Ohio
Posts: 171
Quote:
Originally Posted by sam-garcia View Post
Is anyone out there willing to give some advice on investing/saving/earning lots of money and or sharing what you do for a living?

Excuse my naiveness, a corvette had always been my dream car since the age of 5 when my older sister pointed one out to me. At the age of 22 everyone thought I was crazy when I finally let it be known that I was 100% to buying one before I turned 23. No one supported me, not my mother, not my girlfriend at the time, family, co workers, no one. At the time, it was my last year in college and I worked at a pizza restaurant making around $600 a month.

After about a month of searching for the one I had envisioned for myself ( 5th gen, black interior and exterior, stick shift, heads up display, less than 80,000 miles and under $18,000 I finally came across it. Less than a week later, I drove it home with $6,000 down and monthly payments including gap set at $348 with a simple interest loan of 8%.

The finance guy insisted he pulled off a miracle for me as no one wanted to finance a 22 year old working at a restaurant etc etc.

Fast forward to now, I still am the proud, happy owner of my 2003 corvette 50th anniversary edition. There is days when I just stare at my car in disbelief asking myself how I pulled it off.
I joined Teach For America in 2014 and they relocated me from California to North Las Vegas, Nevada to be a middle school special education teacher. As a first year teacher, my salary is exactly $34,684 before taxes. I still owe a little over $10,000 on my car but already I have been setting my sights on the c7 corvette. On my salary I almost live paycheck to paycheck from bills and rent.

My question is if anyone out there is willing to share their story with me. What do you do for a living? Where do you invest your money? Is anyone willing to reach out and teach me how to invest, or how to earn more money by other means etc.

Thanks to everyone in advance.
Be a disciplined saver / max out tax advantaged options: IRA / 401K / Be careful with advisors (some) tend to steer you to high commission and high ongoing fee investments, over time this will erode much of your returns.
I highly recommend you watch this Frontline episode : "The Retirement Gamble" it will open your eyes to the importance of keeping investing costs low: http://www.pbs.org/wgbh/pages/frontl...rement-gamble/
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