Comments on: Your Financial Goals Are More Important than Your Money

By: Justin

Justin — Fri, 14 Aug 2009 23:39:59 +0000

I am investigating real estate loan opportunities currently. Based on my findings I will work with Neal further to develop a plan of action. Fortunately or unfortunately, my recent job change as well as my short time being out of college may have a negative affect on my ability to purchase property, despite an otherwise great credit score. I also have moved money around in various accounts to achieve maximum return, however, from what I am reading online, it is best to let money sit in one account for a prolonged period when applying for a loan. At least now I know.

By: Neal

Neal — Fri, 14 Aug 2009 19:26:35 +0000

Val,

I agree. This young man is doing great. I do think he has an opportunity to investigate real estate (I came to this conclusion after we spoke on the phone and he told me about his long term plans and those of his parents).

By: Val

Val — Thu, 13 Aug 2009 03:30:32 +0000

Continue to save as you are and put pen to paper on what it is you want to do with your life, even if it is a rough draft at first you can refine or redefine those goals. I do not buy into purchasing real estate to get the tax right off. You want to have more than just 12K to get into the real estate market anyways. I am reminded of a story Dave Ramsey told of a young gentleman that saved and saved to reach 200K and he and his wife bought their first home with cash! You are doing fabulous with the savings, keep it up and do not get rushed in to thinking you “have to” do something with it “right now”. Take some investment courses to get a clearer picture perhaps.

By: Vicky A

Vicky A — Tue, 11 Aug 2009 13:10:02 +0000

Responding to the post about the young man with great financial sense but not sure what he wants to do.
Again, congratulations on what you have achieved. You are miles and miles ahead of your peers, and you are to be congratulated.
On the life question: we all are impatient to know what we want to do with our lives, often at different junctures as we age.
It’s okay not to know — and the answer may change through the years anyway. I suspect you have something or a more than one thing you enjoy doing and/or are good at. There are good career coaches that can help you think these things through to better identify where you’d like to put your energy and work ethic.

Your stellar financial habits will create a place for you in the future where you can try new things, start a business, and takes risks many others can’t. Perhaps you could become a fiancial coach for young people.

At any rate, continue exploring. You will find it.