I might buck the trend a little here: I did spend my early money on a house. However, I never travelled the world in those days. I have always regretted it.
If we’re talking $100k in the 90’s when I was actually 20-30, I could put $70k on a house, rent it out, set up with the rental income and $15k of my money covering the first year or so of payments.
Take the remaining $15k and go on an epic backpacking adventure around the globe.
$100k these days wouldn’t be enough to do this, though.
2nd putting money aside for fun experiences. Doesn’t have to be much but saving for a house is a long, arduous, sometimes soul sucking process. It’s good to have those experiences first.
I might buck the trend a little here: I did spend my early money on a house. However, I never travelled the world in those days. I have always regretted it.
If we’re talking $100k in the 90’s when I was actually 20-30, I could put $70k on a house, rent it out, set up with the rental income and $15k of my money covering the first year or so of payments.
Take the remaining $15k and go on an epic backpacking adventure around the globe.
$100k these days wouldn’t be enough to do this, though.
2nd putting money aside for fun experiences. Doesn’t have to be much but saving for a house is a long, arduous, sometimes soul sucking process. It’s good to have those experiences first.