How do people afford...

edeeZee

AK, please kill this stupid thread.

"Mr. Warren Buffet" here claims to have the magic stock picks in an uphill economy.

ZKindaGuy

What's your problem? Everyone is being decent in their responses so why terminate it? If you don't like the topic move on to ones you do...

SiXK

LOL. Ok, the more people you tell the less you make? who are you telling? Bill Gates and Warren Buffett? The Sultan of Brunei?

I highly doubt you and your roommate and you RA are going to shake the market with your day trading. You could broadcast your intent in an ad in USA Today and I think your plan will still be OK....umm .... well...... maybe not OK but as good as it was ever going to be.

__________________
Magnetic Black 2009 370Z / Pearl Yellow 1991 300ZXTT

hellogoodbye

yes plz end the thread i asked a simple question and alot of a** holes came onto the thread to simply state their unwanted opinion which had nothing to do with the intent of the thread.



im telling my roommate b/c hes 1 of my good friends and so is the RA here. btw u both can this thread ur stating ur opinons that i could care less about and not answering my original ?

edit: actually warren buffet is probly 40% of the reason im in stocks right now lol. idk if hes still the richest guy but hes top 5 for sure so y not does what he does? though he doesnt day trade

SiXK

heh. your people skills are only rivaled by your mastery of the english language. to answer your original question ... how do people afford these things? most work and make money.

Perhaps you meant what method of purchasing do they use? pay in full or finance? go look up the word "afford".

if you don't want opinions don't make post bragging about how much you make day trading but can't figure out if you should pay for a small amount of parts or take out a loan to mod your car. A loan thats about half of what you claim to make a month trading stocks.

__________________
Magnetic Black 2009 370Z / Pearl Yellow 1991 300ZXTT

hellogoodbye

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.

SiXK

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.

__________________
Magnetic Black 2009 370Z / Pearl Yellow 1991 300ZXTT

hellogoodbye

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.

Alexus

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.

__________________
"The object of war is not to die for your country but to make the other bastard die for his."
-General George S. Patton Jr., 1885-1945

SiXK

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.

__________________
Magnetic Black 2009 370Z / Pearl Yellow 1991 300ZXTT

Robert_Nash

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.

__________________
Robert
-My Basset Hound Is Smarter Than Your Honor Student and Barack Obama -

fly yellow

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.

__________________
A severed foot is the ultimate stocking stuffer. Mitch Hedberg

Alexus

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.

__________________
"The object of war is not to die for your country but to make the other bastard die for his."
-General George S. Patton Jr., 1885-1945

TX_370

__________________

m4a1mustang

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

__________________
- Steve

Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!)
LIKE us on Facebook!