Your profile lists you as 16???? Is that correct and you are buying DVC?This is a great rundown of the decision tree I went through. For years we wanted to buy in, but the opportunity cost of DVC vs say saving for kids college was too high. Once all the boxes are checked though, it was rewarding to buy without any hang up financially.
One (advantage?) to buying young are those opportunity costs have not materialized yet. Having 0 or 1 kids, you don't realize you have to save $20k a year in 529s to pay for college like you do if you have 3+. Same with retirement, it's much further away when you are 24 than when you are 40. Because of that it might actually make the decision to buy in at a younger age easier if you have cash....but then I guess catch-up with you later.
I presume DVC is like other optional purchases. It's a blessing if you are in the position to afford it, and a curse if you are over extended and can't make trips/dues.
Are you my wife?
MG
This is a great rundown of the decision tree I went through. For years we wanted to buy in, but the opportunity cost of DVC vs say saving for kids college was too high. Once all the boxes are checked though, it was rewarding to buy without any hang up financially.
One (advantage?) to buying young are those opportunity costs have not materialized yet. Having 0 or 1 kids, you don't realize you have to save $20k a year in 529s to pay for college like you do if you have 3+. Same with retirement, it's much further away when you are 24 than when you are 40. Because of that it might actually make the decision to buy in at a younger age easier if you have cash....but then I guess catch-up with you later.
I presume DVC is like other optional purchases. It's a blessing if you are in the position to afford it, and a curse if you are over extended and can't make trips/dues.