the original post had nothing to do with how much i made.... people kept asking about what i did so i posted. i wasnt bragging.

^ he asked..

EDIT: read first post before replying.

Oh, I did read. Right there in your original post (which is as clear as mud) you stated "im thinking i should use a loan b/c i use my money for stocks"

that piqued my interest. now you don't want people commenting on it. Don't post it then. Now you only want advise on if you should finance your mods. Thats been answered and this thread is stupid and useless.

i stated it so i could get a better response. IF i financed, id have more money to use in stocks but, id also have a monthly payment. IF i payed for it outright, id have less money to use for stocks and no monthly payment.

thats y i stated it. i did not state how much i make in the first post. the only reason i posted that was to get a better answer for my situation.

Being able to afford the finer things in life requires making the right decisions at the right time. Granted, not all of us were born into financial ease. I was lucky enough to have some supporting parents, who would take care of my cell phone bill, feed me home-cooked meals every day and pay me a tank of gas every now and then. I realize that not everyone is this lucky, but if you set your mind to something, you can achieve virtually anything. Putting a quarter or so of your paycheck away into a savings account every pay is a good place to start.

Doing this lead me to being able to purchase an $80,000 sports sedan; at the age of 20. Sure, I own my own business and I do some work occasionally for Strikebox and UFC, but I reckon anyone can open a savings account and instead of spending $200 on a night out at a nightclub, or on a new pair of shoe you're never going to wear, deposit the money into that account. It's not hard but it requires a lot of discipline and I believe discipline is the key to being able to afford anything and everything that you could possibly want in life.

Just my .02 cents.

Good for you, thats the way to do it. I did not have the type of parents to pay cell bills and feed me and give me gas once I was out of high school. Of course I did work, but part time jobs while going to college did not provide me with $200 nights at the club either. I guess I was more of the broke college student needing to pay rent and tuition instead of buying expensive shoes. Even having a job from the age of 15 to 20 would not have provided me with enough money to buy a $80K car at age 20 if I had saved every penny. I was in school and had a difficult major, thats time consuming. Come to think of it no one I knew had that kind of money either except for the rich kids. If it had I would have said screw the car and bought a house. good for you. You guys are better money makers as teens than I was. An $80K car at age 20, thats pretty good coin.

If a person simply saved $100/month starting at age 18 and never did anything more than that their entire life; they would still have over $3M by the time they were 65 years old. That's the power of compound interest; those who understand it have paid to them; those who don't pay it to someone else.

I think this guy started a similar thread when he bought the Z about paying cash for it. It basically was just another thread of him bragging about trading stocks.

My thoughts exactly. Most people don't understand that putting away $100 a month instead of spending it on meaningless articles of clothing and whatnot eventually leads to big bucks when retirements come. I guess it's easier to save here in Canada because all of the money put into savings accounts is guaranteed by the government's bank charts. I understand that a lot of people have lost their life savings and investments when some U.S. banks went south, but it doesn't hurt buying a fireproof, bolted-down safe and putting a $100 bill in there every month.


There came this moment in my life where I was offered to take a risk and it paid off. It could have gone either way but I figured that I was young and that if all else failed, I could get a job in my domain again or take up a trade. While I'd rather keep this information personal and don't want to divulge specifics, I helped several friends open up major brand outlets in Montreal and in the Mont-Tremblant region north of there. With the money I made there, I purchased some car washes and have a 40% share in a fine automobiles used car dealership downtown. Soon enough, I plan on purchasing a franchise for a restaurant, but I simply can't afford it right now. I was very, very lucky and I wouldn't recommend that anyone takes such a risk. It's hard work but it has lead to me owning several businesses, in addition to helping others run theirs. Money is hard to make right now but I know that a few years from now it will be all worth the investment.

If you're talking about me, you're definitely wrong. I don't trade stocks, nor did I pay for my Z in cash.

:drama:

There is a lot of e-showboating going on here.

What else do you expect out of a thread that talks about finance.

Damn...this might be the most E-PEEN I've seen whipped out by multiple parties - not just the OP.


Edit:

I saved up and just bought a $5 dollar coffee mug for work since I broke my last one. No finanacing was needed. I worked hard, saved all my pennies...and today I was able to afford it finally.

I keep debating whether or not I want to invest $50 into a wireless keyboard for at the office...Decisions, decisions. :(

no? i asked for a simple response... instead im getting alot of d-bags that cant just simply write a reply about the purpose of this thread. i make money off stocks.. ok? u make money by going to work. we both make money who cares? do u see me saying oh no u dont make 20$/hr? or bad mouthing ur way of making money? no u dont. i make money off stocks and u have a job. my original post only stated that i made money off stocks so that people that read the post and were trying to offer some insight would have a better understanding of the situation... i wasnt bragging, some1 asked and they got an answer. if thats bragging then sure i was bragging...

If a keyboard is comfortable and the current one is breaking I would buy it, you use a keyboard all day in today offices so why not be comfortable? Plus, if it is wireless, you can move the keyboard around more freely, just make sure it is bluetooth.

This is the same argument you presented last time. You just want your question answered. Well it has been answered, and you can ask a question on this forum without consistently bringing up what you do for a living and how much money you make. You will probably find your answer much easier if you do that.

I would actualy suggest you invest 50 bucks in a new wireless keyboard. Pay cash or finance it, but just make sure the "Shift" key and all the letters work. You post like you're doing it from a phone pad.

once again i simply stated that i make money off stocks so i could get a better answer for my situation.. some1 asked a question about it and they got an answer. then a swarm of some of the biggest d bags the world has ever seen flocked to this thread and started posting bull sh!t and not answering my ? i think everything after the 1st page has been bs replys from d bags. give or take a few posts maybe.

I would save up over a couple of months unless you need it like NOW. Then finance it, or hit up one of those "Rent to Own" stores. They can hook you up!..:tup:

I'm the one who commented about the keyboard, not hello:

See. And I have no clue where you are getting my posts look like they were done from a phone pad, so I am assuming you were meaning hello there also. :p

Anyway, I can afford the keyboard easily. For me it is more about the principle of not spending money where I have no real need to spend money than it is about price. As I am a person that can blow cash far to easily, I make myself "agonize" over even small purchases in order to keep myself from living pay check to pay check.

This makes it much easier for me to save up for big items like a 370z, which I hope to be purchasing near the end of the year. Just have to find the right color, although I keep coming back to black with the chrome wheels.

If ur only 18. I would say only do small mods u can pay for n enjoy them.
In 3 to 5 years, there will be another must have sports car. And at only 21 to 23
Yrs old.
The guys on here are 200% right bout loans for mods. DON'T DO IT.
N if one day u pay off ur car n u not ur debt fre without any plans of a large
Loan or debt in your future? Then a loan for a mad wouldn't be so bad...
The flipside to that though. You can save now. By the time u r ready to mod
It with a tt. That same 11.5k turbo will be 7 or 8k as newer systems will be out for new cars and/or models.
I was looking at mod prices for the 350z. They r cheap as hell now.
Only the turbo n suspensions are pricey. But still a lot lower than the 370z.

Oops I meant to put on my last post. At only 21 to 23 years old. U will most likely want it.
I think a lot faster than I type. Sorry. Lol

Oops I meant to put on my last post. At only 21 to 23 years old. U will most likely want it.
I think a lot faster than I type. Sorry. Lol

Sorry but I just cant let this fly, not saying not to save but compound interest with the monetary system we have now is an illusion.

Compound interest huh? How about compound inflation? Will that $3M buy what it could at retirement as it did when the person started saving? No way!!

47 yrs ago a dollar went a long way, now not so much. Why? Weve had inflation almost EVERY year since the damn 30's that why.

Theres a huge difference between nominal returns (on paper) and real returns (purchasing power after inflation). Can I get some real deflation please! :stirthepot:

I haven't been following the economy well for the better part of '09 so please correct me if I am off the mark, but the US may actually be seeing some deflation right now. If the fed's have the interest rate at the 0% mark, its entirely possible.

thank you for actually answering my ? :)
and ya thats what im planning on doing now ordered my catback 2day actually. i have a shop calling me when they have an accessport with maps. and maybe getting hi flow cats in the near future

I might start a economy thread just because I watch it like a hawk, but to answer your question in fact CPI went negative for the first time since I believe 1950 recently. However, and depending on who you talk to a negative CPI does not always equal deflation.

ETA: deflation is good

I know it was you that mentioned the keyboard. What I was saying is that if anyone probably needs a new keyboard it would be hellogoodbye.

i need a new keyboard now? ys that? cuz i talk in short txt? Instead of capitalizing every word and spelling things out? Does that mean I need a new keyboard? Is there some other reason why I need a new keyboard?

well, i guess the same way people are paying for the $75K GT-R

well, my dad just passed away two weeks ago. He lied about his age and joined the navy at 17, retired after 22 years, then retired from the post office after 20 years there. Looking through his social security statements with your annual pay summary, the most he ever made in the Navy was 16000 per year (retired in 1980) and the most he ever made at the post office was 54000 in his last year there (retired 2001). He left an estate of just under 1 million because he believed in never paying for anything twice (financing), and paying yourself first. We never wanted for anything, nor were we short of money, just that saving from day one will get you extremely far in life.

ya ive heard saving from day 1 does pay off, it takes some time but it does pay off. ive already began saving >:) cept for that 370z lol

Placing that $100 a month in a minimum rate, variable rate savings account will more than enough cover the inflation, with is around 1.5-2% a year. What's your point?

:icon18:

Are you kidding??? I really must start an economics thread. Why dont you look up what CPI is. It has only been close to zero for not even one year. In 07 it was nearing 6%!! And CPI does not include "volatile" (but NECESSARY) things like food and gas!! Dont even get me started on how the govt changes how CPI is calculated.

Im done going OT in this guys thread.

its fine u can keep goingi got my answer :) starting now this can be your economics thread :p

Sorry for the hijack bro, I posted up one in The Lounge.

Compound interest is not an illusion. Of course inflation is an issue but that existence of inflation, whatever the level, doesn't invalidate the example.

I would certainly hope that people would save a lot more than just $100/month but the overall point was that it doesn't take starting out with a huge pile of cash to wind up with a huge pile of cash and the earlier you start the better...it also serves to identify the real cost of financing something...the cost of financing a new vehicle; especially what is essentially a toy for most people, is far more than just the sum of the payments.

Financing modifications to a vehicle that will generally make an already rapidly depreciating asset depreciate even faster is like holding up a big red sign begging Murphy to pay you a visit.

The real cost of financing a vehicle gives the slogan "like a rock" a whole new perspective. :tiphat:

compound interest = [initial outlay x 1.xx^how ever many years] - initial outlay

CPI=consumer price index; this generically indicates how much stronger or weaker your dollar has become after 1 year

Average inflation for the U.S. is 3%. If it is higher than this one year, and you do not earn more money, then your buying power is weakened.


U.S. large cap stocks historically return 8% per year.

Why are we digressing trying to 1-up each other about who's more money savvy or business-educated? This thread was about some person, who claims to be stock-savvy, but is considering an "investment" that goes backward i.e. a car with modifications that cannot earn you money. Who cares if this guy thinks he's an expert, let him think so.

The TS is laughing at how most of us look like monkeys on a leash. I bet he's like nurburing, that guy who supposedly smashed a Z on a test drive. You're playing his game by getting worked up.

I'm broke, but I have a yellow Z and I have to wear long pants in public so I don't expose myself, so life is good.

How is this getting "worked up"?

Why do you keep bringing up inflation as if no one knows what it is? What are you trying to say? Are you saying don't bother saving because you can't beat inflation or because you can't beat it by "enough"?

Regardless of the return an investor receives; any $1 saved "now" still puts the person ahead of anyone who doesn't save it no matter what the buying power of that $1 is "then". A person retiring who starts saving at age 18 and retires at age 65 on a "measly" $3M is still probably going to be reasonable comfortable even if that $3M then will only buy half of what it will buy today and he'll certainly be a hell of lot more comfortable than the person who saved nothing :)