In one year I will have $ 10,000 saved up from my job. However, the 98 van I am driving will most likely last another two years, maybe three. Should I take the $ 10,000 and spend it on a economic car, or buy land for future home, double my profits, and have property and then have some left over for a car.
Now land is cheap where I live in the armpit of Alamosa, CO. I saw 40 acres the other day for only $ 8900. There are some good deals here and there. I also have a friend who bought 80 acres for only 19,000 five years ago and nothing is wrong with the property, the owner just had to sell fast.
Thank you for your help. Happy New Year!