I am a 24 years old young IT professional. Since I don't have addictions to anything including drinking, I mostly save a lot (around 50% of my income after tax like $15-$25k a year). Currently I drive a 1991 model car, pay more than a grand on school loan per month. I will finish the loan with in a year. However, I don't want to wait till my 30's or $40's to buy my dream car or live in my own house. It's because I want to enjoy my life while I am young while doing my work hard. I believe one of the use of money is to buy affordable things (not expensive ones) which makes you happy. Right?
I have also in mind to be a business owner in IT field in the next 3-5 years and may be get married after 5 years as well. I believe I am not going to have kids in the next 10 years.
In my area the new car I am looking costs b/n $17k-$21k (I dont mind if it new or used car mileage less than 20k) and houses cost around $200k. Since, I don't enjoy living with roommates that much, if I buy a house, my girlfriend and I will be the only one who will be living. So 2 bed room is enough for me. I also have a good credit so that it is not going to be hard for me to get credit approvals if I wanted to.
Based on your experience what do you suggest me? I was looking for to buy the car with in the next 6 months but the house can wait 2 years or so.