Quote Originally Posted by Fosco33
Quote Originally Posted by the_idle_threat
Quote Originally Posted by Fosco33
Quote Originally Posted by Scott Campbell
This thread was directed at Partial's original question, and I find it interesting that nobody has yet brought up the most critical financial success factor (IMO) for someone his age.

Any guesses?
Not buying a car (especially a new one) if at all possible. Common thing for new grads but very $$$. I went w/o one for almost 2 years and then had to bite the bullet.
The most critical? Avoid the credit card trap. But holding off on the new car is a great suggestion as well.
Totally agree on the CC issues. I'm wondering what Scott's question was referring to b/c we discussed paying off credit cards a few times on the first page (myself, B, MJ - I think).

Well, Scott???
For someone Partials age, I believe it's choosing the right spouse. It's extremely difficult to be putting money away if your wife (or husband) is sabatoging your cash flow. If you marry a spender, you are far more likely to live beyond your means.

It's been a 5 or 6 years since I read the book, but this concept is detailed in The Millionaire Next Door.