moving out at an early age?

you know that restaurants, not little ones, big corp restaurants are one of the few business's still functioning rather well regardless of the impact of the bad economy? People will always eat out, they feel that's their way of spending "fun money". Restaurants are like lawyers, police, schools, hospitals, doesn't seem to matter how bad the economy is, people will still use them all the time.

A job in a restaurant is by no means a stable source of income. I should know -- I've been working in restaurants for over 10 years. Going out to eat is one of the FIRST things people stop doing when money gets tight. I've seen the business at my current restaurant take a SEVERE downward spiral over the last year. If I didn't have money saved up from past years, I'd be in serious trouble right now.
I don't know if you're just ignoring that entire section of my reply because you didn't like what I was saying -- but I'm repeating myself because it's something you REALLY need to acknowledge. I've worked in private restaurants, corporate restaurants, bars, sports grills, big cities, vacation spots, rural areas, yadda-yadda. TEN YEARS of experience talking here. And just use your common sense, too. If people want to save money, they'll start eating at home because it's a hell of a lot cheaper than going out. They don't have to waste the gas to drive to the restaurant in the first place. And even if they DO go out to eat, the server tips are the first things to suffer!

EDIT: Here's some hard proof for you.
http://www.restaurant.org/pressroom/pressrelease.cfm?ID=1832
http://www.restaurant.org/pdfs/research/economic_commentary_010909.pdf
 
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Invest in a bulk store club like Sam's or BJ's. Good luck man, I mean it. I moved out at 19 with only a HS diploma and learned some really hard lessons along the road to success.
 
you know that restaurants, not little ones, big corp restaurants are one of the few business's still functioning rather well regardless of the impact of the bad economy? People will always eat out, they feel that's their way of spending "fun money".
what's your info source for this? what i've seen on the news is the opposite. it kinda sounds like stuff management uses to sell the job/keep their employees from leaving. and even if the corporation is still doing ok that doesn't mean that waiters and other staff are sharing in that prosperity

from my personal experience in my town there is every chain restaurant you can imagine. for as long as i can remember on any weekend night any of them had a 30-45 min wait at least any time from around 6-9. the few times i've gone out in the past ~year i've waited no longer than 5 minutes, most of the time no wait at all with many empty tables around


a lease is only 1 year at a time. if you have confidence you'll be able to make the payments on it for a year then go for it. as far as splitting things split everything evenly. my roommate and i do separate food mostly because i'm picky and we have different tastes. we do share things sometimes but for the most part it's separate. the best part for me is that it's my place so if my roommate doesn't pick up i'll just kick her out :)
 
Stay at home and save money. I lost and know of others who have lost friends when moving out together. You are really only asking for problems.
 
what's your info source for this? what i've seen on the news is the opposite. it kinda sounds like stuff management uses to sell the job/keep their employees from leaving. and even if the corporation is still doing ok that doesn't mean that waiters and other staff are sharing in that prosperity

from my personal experience in my town there is every chain restaurant you can imagine. for as long as i can remember on any weekend night any of them had a 30-45 min wait at least any time from around 6-9. the few times i've gone out in the past ~year i've waited no longer than 5 minutes, most of the time no wait at all with many empty tables around


a lease is only 1 year at a time. if you have confidence you'll be able to make the payments on it for a year then go for it. as far as splitting things split everything evenly. my roommate and i do separate food mostly because i'm picky and we have different tastes. we do share things sometimes but for the most part it's separate. the best part for me is that it's my place so if my roommate doesn't pick up i'll just kick her out :)
Darden restaurants (olive garden, red lobster, long horn steak house etc...) have been the top restaurant chain in north america for a while now and their stock hasn't gone down in years.
 
the funny part is today it's actually down on the day :)

because the company as a whole is successful does not mean you have job security. it means the CEO and his management team have job security. their corporation spans regions and covers a wide variety of foods so can likely weather any market variances well at a macro level. that means almost nothing for your job. they could decide the expenses for your area are too great to be worth continuing and shut down all of their stores in your area. this could make their stock price go up but you're out of a job. or they could just decide to cut back on staff and the young kid could end up as the low man on the totem pole.

i'm not trying to overly scare you but make sure you have plans beyond the next month before making any commitments. you should be working on building your resume (be it school or job experience). you should have 6 months of expenses in a savings account. you should not be carrying any "unnecessary" or "unmanageable" debt (the definition of each varies by person but i don't want to get into that). you should be able to continue putting money in a savings account even with your new expenses. once you've thought about and accounted for all of that then you should think about moving out. until then don't worry about it because you're just going to be setting yourself up to struggle if not fail
 
The stock never goes down, last November the stock plumetted to 14! Granted its 30 something now...but again, this is a corporation, its stock has to do with management and how they operate, in terms of their margins. They are able to hedge their bets with diversity across regions, and food platforms.

With unemployment at 10% to say your job is secure...well it very well could be, but for your financial future living at home might be your best bet. Hell when I graduated college I should have lived home for longer, if I did I would own a house right now!

You only live once, and this will be a learning experience for you either way, so best of luck.
 
Stock also fluctuates depending on the supply and demand of that stock on the market
 
be careful who you move in with, i had a roomate who turned out to be a satan worshipper that did some freaky s*** in the apt. be wary man, be wary
 
I had another roomate who would use my computer to look at porn, crashed my computer
 
just sharing the wisdom about being careful who your roomate is
 
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