Originally Posted by
qualityauto
1. Save your money, a car is the worst investment in the world.
2. Don't screw up your credit and go into debt.
3. Buy a house as soon as possible.
4. Take the equity out of your house and buy several more and rent them.
5. Take the equity out of one of your rentals and open your own business.
6. Retire early and travel the world.
7. Then buy a real man's car.
I"m on step 6....
How does step 4 and 5 magically happen overnight? Unless you buy just before the market goes nuts, like it did 4 years ago, you aren't egtting any equity out of your first house for about 10 years, and damn sure not enough to "buy several more".
But you sounded really cool saying it.