F'in Mondays!
Registered User
iTrader: (12)
Joined: Nov 2002
Posts: 18,369
From: Reno, NV
Car Info: 1993/2000/2001 GF4 mostly red
Originally Posted by Mr. Xevious
let me clarify
would it be better to have the toys now when you can afford them, or not have them later in life when you cannot.
would it be better to have the toys now when you can afford them, or not have them later in life when you cannot.
Registered User
iTrader: (12)
Joined: Nov 2002
Posts: 18,369
From: Reno, NV
Car Info: 1993/2000/2001 GF4 mostly red
Originally Posted by TitanSTI
no. im not that stupid.
however i would sell it because i thought about that thread with me and john *****ing back and forth about money. and he is right (never thought ide ever say that) that im in too much debt for my age and situation. talked with my dad about it, he thinks it would be the smart thing to do. so im gonna be sellin the car and getting a used small truck like a Tacoma or a Ranger, and ill get another bike. so ill be in half or less than half the debt im in now, and ill still have a fun toy.
makes sense to me anyways.
however i would sell it because i thought about that thread with me and john *****ing back and forth about money. and he is right (never thought ide ever say that) that im in too much debt for my age and situation. talked with my dad about it, he thinks it would be the smart thing to do. so im gonna be sellin the car and getting a used small truck like a Tacoma or a Ranger, and ill get another bike. so ill be in half or less than half the debt im in now, and ill still have a fun toy.
makes sense to me anyways.
VIP Member
iTrader: (7)
Joined: Jun 2003
Posts: 25,095
From: Funtown
Car Info: A limousine with a chauffer
Originally Posted by BAN SUVS
Werd. Some of you are aware of the piles of money I burned a couple years ago; However, I'm not really going to be that much worse off in 20 years because I didn't do the "smart" thing with said piles.
Being in debt when you're young is bad news as it can set you back on achieving your goals in life. If you have a ton of debt and are having a hard time making the payments, how will you make the payments (or even get the loan) on a home? What if you want to start a business, but your credit rating and lack of cash or investment assests prevents you from doing so? There's tons of other reasons.
Yeah it's fun to be dumb and blow your money when you're young but if you do it right, you can start being dumb and blow money when you're 30 and still have a bunch of money in the bank or other investments, making you more money, keeping you secure and giving you the ability to better yourself financially when opportunity presents itself. IMO, having a 30k+ car at 20 is a waste if you're paying for it yourself, especially (and this is not a personal attack) if you're still living with parents.
I am currently re-learning the lesson that Matt is preaching. That is why after Friday I won't have my RS any more, I sold it and I'll be driving the Legacy. I've been in the AF for 5 years, and I have nothing to really show for it. And now I'm faced with possibly getting medically discharged, it's forced me to snap my finances into perspective.
Oh, and I'd like to own a house one day, so some cash for that would help.
Oh, and I'd like to own a house one day, so some cash for that would help.
BanHammer™
iTrader: (8)
Joined: May 2000
Posts: 47,596
From: Wagonmafia Propaganda Lieutenant
Car Info: 2014 Forester XT
Originally Posted by sonicsuby
I disagree. Had you invested that money in something like a ROTH IRA or other funds you'd be in a much better position financially. Instead, and I'm not trying to be a jerk, you don't really have anything to show for all the money you spent.
Being in debt when you're young is bad news as it can set you back on achieving your goals in life. If you have a ton of debt and are having a hard time making the payments, how will you make the payments (or even get the loan) on a home? What if you want to start a business, but your credit rating and lack of cash or investment assests prevents you from doing so? There's tons of other reasons.
Yeah it's fun to be dumb and blow your money when you're young but if you do it right, you can start being dumb and blow money when you're 30 and still have a bunch of money in the bank or other investments, making you more money, keeping you secure and giving you the ability to better yourself financially when opportunity presents itself. IMO, having a 30k+ car at 20 is a waste if you're paying for it yourself, especially (and this is not a personal attack) if you're still living with parents.
Being in debt when you're young is bad news as it can set you back on achieving your goals in life. If you have a ton of debt and are having a hard time making the payments, how will you make the payments (or even get the loan) on a home? What if you want to start a business, but your credit rating and lack of cash or investment assests prevents you from doing so? There's tons of other reasons.
Yeah it's fun to be dumb and blow your money when you're young but if you do it right, you can start being dumb and blow money when you're 30 and still have a bunch of money in the bank or other investments, making you more money, keeping you secure and giving you the ability to better yourself financially when opportunity presents itself. IMO, having a 30k+ car at 20 is a waste if you're paying for it yourself, especially (and this is not a personal attack) if you're still living with parents.
Troll
iTrader: (6)
Joined: Jan 2006
Posts: 15,877
From: In SoggyNoodles Low Rise Pants
Car Info: 2008 Legacy Spec-B
Originally Posted by Mr. Xevious
heh true that 
I would say keep the car when you have the money to do so. It gets hard later in life when you have more responsibility like.. a wife and kid
I would say keep the car when you have the money to do so. It gets hard later in life when you have more responsibility like.. a wife and kid
that's why you kill the wife and make it look like an accident, then push the kid off a cliff and say terrorist did it
Registered User
iTrader: (12)
Joined: Nov 2002
Posts: 18,369
From: Reno, NV
Car Info: 1993/2000/2001 GF4 mostly red
Originally Posted by sonicsuby
I disagree. Had you invested that money in something like a ROTH IRA or other funds you'd be in a much better position financially. Instead, and I'm not trying to be a jerk, you don't really have anything to show for all the money you spent.
Being in debt when you're young is bad news as it can set you back on achieving your goals in life. If you have a ton of debt and are having a hard time making the payments, how will you make the payments (or even get the loan) on a home? What if you want to start a business, but your credit rating and lack of cash or investment assests prevents you from doing so? There's tons of other reasons.
Yeah it's fun to be dumb and blow your money when you're young but if you do it right, you can start being dumb and blow money when you're 30 and still have a bunch of money in the bank or other investments, making you more money, keeping you secure and giving you the ability to better yourself financially when opportunity presents itself. IMO, having a 30k+ car at 20 is a waste if you're paying for it yourself, especially (and this is not a personal attack) if you're still living with parents.
Being in debt when you're young is bad news as it can set you back on achieving your goals in life. If you have a ton of debt and are having a hard time making the payments, how will you make the payments (or even get the loan) on a home? What if you want to start a business, but your credit rating and lack of cash or investment assests prevents you from doing so? There's tons of other reasons.
Yeah it's fun to be dumb and blow your money when you're young but if you do it right, you can start being dumb and blow money when you're 30 and still have a bunch of money in the bank or other investments, making you more money, keeping you secure and giving you the ability to better yourself financially when opportunity presents itself. IMO, having a 30k+ car at 20 is a waste if you're paying for it yourself, especially (and this is not a personal attack) if you're still living with parents.
Troll
iTrader: (6)
Joined: Jan 2006
Posts: 15,877
From: In SoggyNoodles Low Rise Pants
Car Info: 2008 Legacy Spec-B
Originally Posted by Mr. Xevious
its the fact that if you are young you can rebound from the mistakes where as when you are older, its a much harder fight.
Yup!! Just file for bankruptcy then when you are in your 30's and are going to buy a house the bankruptcy won't be on your credit anymore and you will be scotch free :banana:
Registered User
iTrader: (12)
Joined: Nov 2002
Posts: 18,369
From: Reno, NV
Car Info: 1993/2000/2001 GF4 mostly red
Originally Posted by kidatari
I am currently re-learning the lesson that Matt is preaching. That is why after Friday I won't have my RS any more, I sold it and I'll be driving the Legacy. I've been in the AF for 5 years, and I have nothing to really show for it. And now I'm faced with possibly getting medically discharged, it's forced me to snap my finances into perspective.
Oh, and I'd like to own a house one day, so some cash for that would help.
Oh, and I'd like to own a house one day, so some cash for that would help.
Registered User
iTrader: (4)
Joined: Jan 2005
Posts: 4,017
From: Sac/Dublin CA
Car Info: Silver 09 STI
Originally Posted by sonicsuby
I disagree. Had you invested that money in something like a ROTH IRA or other funds you'd be in a much better position financially. Instead, and I'm not trying to be a jerk, you don't really have anything to show for all the money you spent.
Being in debt when you're young is bad news as it can set you back on achieving your goals in life. If you have a ton of debt and are having a hard time making the payments, how will you make the payments (or even get the loan) on a home? What if you want to start a business, but your credit rating and lack of cash or investment assests prevents you from doing so? There's tons of other reasons.
Yeah it's fun to be dumb and blow your money when you're young but if you do it right, you can start being dumb and blow money when you're 30 and still have a bunch of money in the bank or other investments, making you more money, keeping you secure and giving you the ability to better yourself financially when opportunity presents itself. IMO, having a 30k+ car at 20 is a waste if you're paying for it yourself, especially (and this is not a personal attack) if you're still living with parents.
Being in debt when you're young is bad news as it can set you back on achieving your goals in life. If you have a ton of debt and are having a hard time making the payments, how will you make the payments (or even get the loan) on a home? What if you want to start a business, but your credit rating and lack of cash or investment assests prevents you from doing so? There's tons of other reasons.
Yeah it's fun to be dumb and blow your money when you're young but if you do it right, you can start being dumb and blow money when you're 30 and still have a bunch of money in the bank or other investments, making you more money, keeping you secure and giving you the ability to better yourself financially when opportunity presents itself. IMO, having a 30k+ car at 20 is a waste if you're paying for it yourself, especially (and this is not a personal attack) if you're still living with parents.
like you said debt can hold you back when youre young. with my expenses right now, i could BARELY live on my own while going to school, like very uncomforatbly. and there is NO WAY i could put myself thorugh a Police academy.
and since i will be finishing school in a year, i want to be able to move out at that point comfortably.
anyways, i have a ROTH IRA, but i wish i could put more away in it right now.
VIP Member
iTrader: (4)
Joined: Dec 2004
Posts: 6,781
From: 500mi North of Montana. Enjoying free health care.
Car Info: Bugeyed Autowagon
Originally Posted by sonicsuby
Being in debt when you're young is bad news as it can set you back on achieving your goals in life.
The secret is to lower your goals.
VIP Member
iTrader: (4)
Joined: Dec 2004
Posts: 6,781
From: 500mi North of Montana. Enjoying free health care.
Car Info: Bugeyed Autowagon
Originally Posted by TitanSTI
there is NO WAY i could put myself thorugh a Police academy.
Most local agencies have a program for their rookies where you'll get your POST certificate while on the clock.
It's all about getting sponsored.
VIP Member
iTrader: (4)
Joined: Dec 2004
Posts: 6,781
From: 500mi North of Montana. Enjoying free health care.
Car Info: Bugeyed Autowagon
Originally Posted by kidatari
I am currently re-learning the lesson that Matt is preaching. That is why after Friday I won't have my RS any more, I sold it and I'll be driving the Legacy. I've been in the AF for 5 years, and I have nothing to really show for it. And now I'm faced with possibly getting medically discharged, it's forced me to snap my finances into perspective.
Oh, and I'd like to own a house one day, so some cash for that would help.
Oh, and I'd like to own a house one day, so some cash for that would help.
Did you get the GI Bill?
MILF Hunter
Joined: Jan 2003
Posts: 1,242
From: Sacramento
Car Info: 2005 Legacy GT
Monday was like Sunday for me cept I didn't sleep in..... I did NOTHING at work today it was great, and no one said a thing to me... I did try scamming on some of the nice looking hot moms that were roaming around killing time.