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      02-22-2013, 09:37 AM   #54
ericfox11
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Drives: 2009 335i Sedan M-Sport
Join Date: May 2012
Location: Houston, Texas

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Quote:
Originally Posted by mike-y View Post
a CPO bmw, lol. and keep your car for as long as you can after it's paid off. Just because you don't make over 6 figures, doesn't mean that you don't have enough funds to start investing/saving. You just have to be smart with what you have, and stay out of debt as best you can. $70k can go a long way if you don't have a bunch of monthly bills eating it up.

get out of debt, start investing/saving every month. Use an automatic withdraw, so you don't have to think about it. I started doing this 10 years ago, making less than 70k at the time, and was able to save over 10k each year without impacting my lifestyle. A little goes a long way, especially if you are young. Talk to an invester, there is always something you can do.
Agree on both points. I just bought the platinum warranty on mine so I wasn't hit with any huge repair bills (hopefully...)