You have started climbing the ladder to financial success and wealth accumulation if you own any property, artifacts, computers, equipment or vehicles.

Durable Goods and Economic Security

Durable goods last for years and can help you "endure" times of reduced income and provide services over years. Other things "endear" your life. In addition to satisfaction, equipment and vehicles make you more productive, even if they depreciate in monetary value. They enable you to obtain money income or provide non-money incomes by reducing the need for money. You are investing when you buy them. Protect them, use them, and maintain them properly.

Equipment can make you more productive at paid or non-paid work, help you do things for yourself, not depend on hiring someone or buying ready-made items, and save thousands of dollars. In these ways you have economic freedom and opportunity for self-expression and creativity. You can enhance your own quality of life.

Reduce expenses on housing and vehicles so you can pay your college debt and invest more of your income. One way is to reduce the cost of utilities; another is to do your own upkeep and maintenance.

n college, the decisions about use of credit and loans determine your ability to buy housing and vehicles in the future. The steps in the ladder to financial success and economic security are connected and build upon each other.

Strategies

Comparison-shop for housing, appliances, furniture, vehicles, and other durable goods or services. Compare different products and the ways of financing them. Become more knowledgeable, reduce impulsive spending, and save money by comparison-shopping.

Compare buying a more expensive car with a less expensive one. Invest the difference or plan for a trip in the future. This cannot only bring thousands of dollars that contribute to economic security, but can bring even greater satisfaction in the future too.

Cash bonuses for buying or leasing vehicles will be offered to you upon graduation. Compare this bonus with negotiated prices agreed upon by several different salespeople. Be in charge of the sales transaction and do not pay extra charges for add-ons you don't need.

Housing, Vehicles & Equipment Section I / Section II Advance to Insurance Return to Credit

Family - Government & Community - Education & Skills - Employment - Management - Credit - Housing, Vehicles & Equipment - Insurance - Savings - Investment - Financial Planning
Ability to Adjust

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