A significant choice that I made more recently was when I decided to purchases logs for a firewood business. Granted, it wasn't that big of a risk since the wood only cost $750 split two ways, it was still a big purchase. Along with the job also came a huge time commitment, which is what I consider to be the biggest risk. I dedicated 250 hours of my time to that business, which could've been spent doing other things like a more stable job. I don't regret the experience and I am still in the business.
When I get older, there will be many decisions that I have to make that significantly impact my life. The first thing that comes to mind would be purchasing a home after college. With this I have two options, either get a nice home and have a big pile of debt to pay off, or I could get a cheap home, and still have money to spend on other things. Personally, I believe getting a cheap home would be the smartest thing to do because coming out of college I won't have a lot of money and I don't want to have a lot of debt. It would also allow me to buy a car, as well as other things like saving up for a nicer and more permanent home for when I have the income to support it. There are many different things to consider when making a purchase, like a home, and in my situation, buying a cheaper house initially is by far my best option.
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