NEED HELP WITH SITUATION

[Alexander Grullon]

Hello there , I am 23 years old I have a well great paying job thanks god , Im deciding on buying a house or moving into a apartment, to whom which would be better apartment or first home buyer.. I’ve been wanting to purchase my first house but 1-3 gs is not going to do it for a poperty.i also need a new car I want to upgrade to a non gas vehicle to save money in the long run so an investment a TELSA. Now should I keep saving for a house or should I buy the telsa or keep saving so I can reach my goal of buying my first investment and that’s a poperty.. Can anyone please give me som advice thank you👍👍

[Steve Vaughan]

99% of vehicles are liabilities. A classic collector car that holds or rises in value and that you rent out might be an asset.  1% maybe.

A house is an asset., especially if it covers your shelter expenses (or close to it)  via househackng.

Buy the assets first to pay for liabilities.  

True example.  I bought a little house cash for $90k in 2018.  CF is $650. While I was inspecting it a young dude showed up with a Tesla X and 'Easter Egged' it. (made it dance) 

He has a car but no house.  If I wanted I could buy the car with my CF and still have the house after I paid the car off.  Assets first👍