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Financial advice for new “adults”

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On cellular, sorry for formatting. Going to try and keep it short and sweet.

Dallas, Texas btw

At the close of the calendar year, my fiancée and I will graduate together with our respective degrees and be pulling approximately 80k~ ea before taxation. No student loan debt or debt of any sort.

I’m 25 she’s 23. I’ve got a credit score of about 780, she has no credit card much to my dismay.

The finance question Includes priority

House vs Apartment I know we must lease in the beginning. Can it be “newcomer residence &rdquoa great idea? With the housing market up so much I personally feel like it’s a silly buy, particularly since we have little in private products.

Luxurious I want a Tesla. (50k purchase)

I only want this as a private dream car. I paid for college 100% from my own pocket and I had been to finally feel some benefit for finishing.

I also would love to travel well before children, teenager, I’d love her to wait patiently while being around 28 years old before having a child. I’d like the time to pursue high education and have to enjoy the money we have

The Kid I personally just want 1 child since I don’t even want to be financially handicapped. I want to have the ability to provide all of the items I never needed for not only the child, but myself.

So the question comes down to:

Is it possible to get all this done? Luxurious and House?

Apt vs House – What is brighter? Burning money in rentingor buying a starter home expecting it doesnt wreck in value a couple of years down the road? Should I even be seeking to buy a home? If I buy the home X amount of years before having a kid?

I apologize if this is kind of tough to Comprehend, but outside of working fulltime and college + fundamental charge, I have no idea the Way to financially summarize my next 3-5 Decades

submitted by / / u/Mendithemw [link] [remarks ]

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