A friend of mine just inherited $25,000 from a family member. Let me sum up the friend for you: 38 yrs old and generally can't get his act together. Employed, but not at a very well paying job, lives with a roommate, no vehicle. Horrible credit.
I think he should spend just a few thousand on a reliable vehicle, get his credit cleaned up, put a couple thousand in an emergency fund, and put the rest in an account for retirement. Is this good advice?
2007-08-06
09:53:35
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14 answers
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asked by
HEATHER
6