Comment: invest in the tools of your trade

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invest in the tools of your trade

This was Ron's advise to a young man who asked the same question at about your age and I thought it was great advise.

Not sure what you plan to do career wise, but having the materials to practice your trade effectively can give you more value for your dollar in the short term, and help prepare you for the uncertainty that is today's job market.

The idea is if you lose your job and need to work for yourself 5 years from now, you have the immediate means to do so. Couldn't find the video where Ron gave this advise (and it may have been Carol paraphrasing Ron anyway) but he touches on it briefly in this article under the section titles 'productive debt'.
http://www.lewrockwell.com/north/north252.html

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