View Poll Results: how much MONEY$$$ have you drop on your FD less car cost!!!
$0-100 cuz I'm a stock(cheaps cake) person
6
1.36%
$100.01 - 1000 (I like driving it)
26
5.90%
$1000.01 - $3000 (just there)
67
15.19%
$3000.01 - $6000 (high roller)
74
16.78%
$6000.01 - STOP COUNTING... (close to cashing in my 401k..)
268
60.77%
Voters: 441. You may not vote on this poll
how much MONEY$$$ have you drop for your FD???
Originally posted by matty
they never could match the paint...its never the same.
i do need to start enjoying it though..
they never could match the paint...its never the same.
i do need to start enjoying it though..
No matter when or where you drive it, there is a potential for some idiot to hit you or do something stupid (which is why we have insurance).
Heck, in the Midwest, you car isn't even safe in your garage with tornados around!
The car has wheels so it can move, drive it!
Thread Starter
ROTOR THAT PUSSY BITCH
Joined: Oct 2002
Posts: 623
Likes: 0
From: CANOGA PARK
If I moded a 3rd gen... heck I'd be driving it too and showing off to girls... Dents are bound and scratches are unavoidable... accidents can happen... but as long as you stay sharp, then your fine... I do hate key scratchers... but its all good... I say DRIVE IT...
Rotary Freak
Joined: Mar 2001
Posts: 2,236
Likes: 1
From: San Francisco, CA
Originally posted by matty
This is so true....the sad thing is that i dont even drive my car. If you drive it to the bar...some punk keys is it cause they are jealous. If you drive it to the mall some carriage hits it. So 10k atleast got me nowhere.
This is so true....the sad thing is that i dont even drive my car. If you drive it to the bar...some punk keys is it cause they are jealous. If you drive it to the mall some carriage hits it. So 10k atleast got me nowhere.
HARRRRRRRRR
Joined: Jan 2002
Posts: 1,858
Likes: 0
From: Marietta GA
LOL...ummm about 10k on performance and 2-3k on maintenance. I don't really keep track of maintenance expenses...those are necessary and I am starting to believe that performance mods are necessary too 
Now to save for a house...
Now to save for a house...
Lives on the Forum
Joined: Mar 2001
Posts: 5,014
Likes: 40
From: CT
Originally posted by ttpowerd
LOL...ummm about 10k on performance and 2-3k on maintenance. I don't really keep track of maintenance expenses...those are necessary and I am starting to believe that performance mods are necessary too Now to save for a house...
LOL...ummm about 10k on performance and 2-3k on maintenance. I don't really keep track of maintenance expenses...those are necessary and I am starting to believe that performance mods are necessary too
Now to save for a house...
Eats, Sleeps, Dreams Rotary
Joined: Feb 2002
Posts: 3,045
Likes: 2
From: North Coast
Originally posted by matty
ah just wait till u have a mortgage payment and u need another mod and the wife wants a new canery diamond ring...thats pretty much where i am at. But i have to have the clutch!!!!
ah just wait till u have a mortgage payment and u need another mod and the wife wants a new canery diamond ring...thats pretty much where i am at. But i have to have the clutch!!!!
2 babies - no back seats
Joined: Nov 2001
Posts: 981
Likes: 0
From: N. Wilm., Delaware?
Originally posted by apneablue
You see, that's your problem! You can't have both the wife and an FD! The wife will come later when I am old and can't see well enough to drive.
You see, that's your problem! You can't have both the wife and an FD! The wife will come later when I am old and can't see well enough to drive.
Just make sure she is not high maintenance and you'll be able to afford the FD.
And we're having a baby in June and I'm still not giving it up - getting pressure but I won't give in. Helps that the FD is paid off...
Need my eyesight to make sure I got married to a cute babe
Eats, Sleeps, Dreams Rotary
Joined: Feb 2002
Posts: 3,045
Likes: 2
From: North Coast
Originally posted by rotary-tt
You can have both! Just need to be discrete about what you buy
Just make sure she is not high maintenance and you'll be able to afford the FD.
And we're having a baby in June and I'm still not giving it up - getting pressure but I won't give in. Helps that the FD is paid off...
Need my eyesight to make sure I got married to a cute babe
You can have both! Just need to be discrete about what you buy
Just make sure she is not high maintenance and you'll be able to afford the FD.
And we're having a baby in June and I'm still not giving it up - getting pressure but I won't give in. Helps that the FD is paid off...
Need my eyesight to make sure I got married to a cute babe
Thanks for all the home buying tips btw...still searching
Lives on the Forum
Joined: Mar 2001
Posts: 5,014
Likes: 40
From: CT
Originally posted by rotary-tt
You can have both! Just need to be discrete about what you buy
Just make sure she is not high maintenance and you'll be able to afford the FD.
And we're having a baby in June and I'm still not giving it up - getting pressure but I won't give in. Helps that the FD is paid off...
Need my eyesight to make sure I got married to a cute babe
You can have both! Just need to be discrete about what you buy
Just make sure she is not high maintenance and you'll be able to afford the FD.
And we're having a baby in June and I'm still not giving it up - getting pressure but I won't give in. Helps that the FD is paid off...
Need my eyesight to make sure I got married to a cute babe
Which firm?
I work for a hedge fund....trading clerk. I used to be a broker at Prudential
2 babies - no back seats
Joined: Nov 2001
Posts: 981
Likes: 0
From: N. Wilm., Delaware?
Business Analyst/Tech Specialist for one of the big banks. Financial Analysis is a hobby of mine.
I know this may not be popular, but I try to spend as little as possible on the FD. Put most of the money away pre-tax and the rest into real estate. Rather have the dough in the bank and put 20+ years of compounding on my side. Or let someone else pay off an asset for me.
My worst fear is to have to work at McDonnald's at 65+yrs old (driving up in my now 30+ year old FD). Broke, living week to week at retirement (like 80%+ of the population) is not where I want to be.
If you young guys start now and just put in the min into your 401k's etc. you'll be well off when you retire...
Seems like a long way off but if you look into the Rule of 72 (time to double you $$), you see that it costs expodentially more when you wait later and later to put away for retirement. You can't live on Social Security...
I don't want to spend the next 30 years working for someone else
I know this may not be popular, but I try to spend as little as possible on the FD. Put most of the money away pre-tax and the rest into real estate. Rather have the dough in the bank and put 20+ years of compounding on my side. Or let someone else pay off an asset for me.
My worst fear is to have to work at McDonnald's at 65+yrs old (driving up in my now 30+ year old FD). Broke, living week to week at retirement (like 80%+ of the population) is not where I want to be.
If you young guys start now and just put in the min into your 401k's etc. you'll be well off when you retire...
Seems like a long way off but if you look into the Rule of 72 (time to double you $$), you see that it costs expodentially more when you wait later and later to put away for retirement. You can't live on Social Security...
I don't want to spend the next 30 years working for someone else
Lives on the Forum
Joined: Mar 2001
Posts: 5,014
Likes: 40
From: CT
Originally posted by rotary-tt
Business Analyst/Tech Specialist for one of the big banks. Financial Analysis is a hobby of mine.
I know this may not be popular, but I try to spend as little as possible on the FD. Put most of the money away pre-tax and the rest into real estate. Rather have the dough in the bank and put 20+ years of compounding on my side. Or let someone else pay off an asset for me.
My worst fear is to have to work at McDonnald's at 65+yrs old (driving up in my now 30+ year old FD). Broke, living week to week at retirement (like 80%+ of the population) is not where I want to be.
If you young guys start now and just put in the min into your 401k's etc. you'll be well off when you retire...
Seems like a long way off but if you look into the Rule of 72 (time to double you $$), you see that it costs expodentially more when you wait later and later to put away for retirement. You can't live on Social Security...
I don't want to spend the next 30 years working for someone else
Business Analyst/Tech Specialist for one of the big banks. Financial Analysis is a hobby of mine.
I know this may not be popular, but I try to spend as little as possible on the FD. Put most of the money away pre-tax and the rest into real estate. Rather have the dough in the bank and put 20+ years of compounding on my side. Or let someone else pay off an asset for me.
My worst fear is to have to work at McDonnald's at 65+yrs old (driving up in my now 30+ year old FD). Broke, living week to week at retirement (like 80%+ of the population) is not where I want to be.
If you young guys start now and just put in the min into your 401k's etc. you'll be well off when you retire...
Seems like a long way off but if you look into the Rule of 72 (time to double you $$), you see that it costs expodentially more when you wait later and later to put away for retirement. You can't live on Social Security...
I don't want to spend the next 30 years working for someone else
Now you see why i quit being a broker.
2 babies - no back seats
Joined: Nov 2001
Posts: 981
Likes: 0
From: N. Wilm., Delaware?
I don't save everything - I enjoy myself. I like to go on a nice trip once a year.
I set savings goals then I have fun with the rest. I do spend some $$ on the FD but I try to keep it under control.
My friends who started saving right out of college are very well off right now...
Now me I've done both (save too little and too much). Just wish I'd had put away more when I was younger then I could have more fun now...
Just suggesting to use the rule of 72 and see how much you'd have to save have 1-2 million in 20-30 yrs. Save this much every month have have fun with the rest
I set savings goals then I have fun with the rest. I do spend some $$ on the FD but I try to keep it under control.
My friends who started saving right out of college are very well off right now...
Now me I've done both (save too little and too much). Just wish I'd had put away more when I was younger then I could have more fun now...
Just suggesting to use the rule of 72 and see how much you'd have to save have 1-2 million in 20-30 yrs. Save this much every month have have fun with the rest
Lives on the Forum
Joined: Dec 2001
Posts: 14,716
Likes: 10
From: San Lorenzo, California
I hear what you're saying rotary-tt. I contribute the maximum to my 401k every month (unfortunately our firm just stopped matching last month -- damn economy!) and it's probably not enough.
I am literally stunned when I see how much these "young kids" are spending on their FDs (or other things for that matter).
It's especially bad out here in California where everybody lives in huge debt. When my wife and I re-financed our house a month ago, the lending broker was shocked when she found out we had no debts or credit card balances. I find this rather alarming. Where do people think the money's going to come from when they retire?
I am literally stunned when I see how much these "young kids" are spending on their FDs (or other things for that matter).
It's especially bad out here in California where everybody lives in huge debt. When my wife and I re-financed our house a month ago, the lending broker was shocked when she found out we had no debts or credit card balances. I find this rather alarming. Where do people think the money's going to come from when they retire?
Thread Starter
ROTOR THAT PUSSY BITCH
Joined: Oct 2002
Posts: 623
Likes: 0
From: CANOGA PARK
HEY ROTARY TT.... I'm 19...FRESHMAN in college... work barely part time... 2 hours a day at FEDEX(FULL TIME STUDENT and ATHLETE)... what should I set my financial goal... right now... money is not a thing for me just to pay cell bill and do little things for my car... I'm still trying to get into the AIR FORCE ACADEMY.... I'm going for a B.S in AERONAUTICAL ENGINEERING... so lets say I accomplish this in 5-6 years... then at 24-25 I should start with my 401k...??? my parents had an investment for me, but after 9/11 it DROPPED a lot and I needed the money for prom... so now I'm back from scratch... what's my best path to get when I'm 40...
You also mentioned REAL-ESTATE... how does 0 down payment work and fix the house and sell it for a higher price??? how does that work??
GIVE THE FD owners props TONS of it.....
You also mentioned REAL-ESTATE... how does 0 down payment work and fix the house and sell it for a higher price??? how does that work??
GIVE THE FD owners props TONS of it.....
Ee / Cpe
Joined: Jan 2003
Posts: 2,843
Likes: 2
From: Gaithersburg, MD / WVU
Got the car two months ago for 12k so far ive invested 3k in performance and am about to spend another 3k. but the way I look at it, im still no where close to how negative I am in my trans am. That I paid 1100 for... dropped probably close to 10k into and the car is only worth MAYBE 4k on a good day, worst thing is that I still havent touched the body (another 4k) and how much will it be worth after I do that you ask??? about 6k... perfect.... Its about love, not money. besides missing a meal or two never hurt anyone
Lives on the Forum
Joined: Mar 2001
Posts: 5,014
Likes: 40
From: CT
Originally posted by MRGSL-SE
HEY ROTARY TT.... I'm 19...FRESHMAN in college... work barely part time... 2 hours a day at FEDEX(FULL TIME STUDENT and ATHLETE)... what should I set my financial goal... right now... money is not a thing for me just to pay cell bill and do little things for my car... I'm still trying to get into the AIR FORCE ACADEMY.... I'm going for a B.S in AERONAUTICAL ENGINEERING... so lets say I accomplish this in 5-6 years... then at 24-25 I should start with my 401k...??? my parents had an investment for me, but after 9/11 it DROPPED a lot and I needed the money for prom... so now I'm back from scratch... what's my best path to get when I'm 40...
You also mentioned REAL-ESTATE... how does 0 down payment work and fix the house and sell it for a higher price??? how does that work??
GIVE THE FD owners props TONS of it.....
HEY ROTARY TT.... I'm 19...FRESHMAN in college... work barely part time... 2 hours a day at FEDEX(FULL TIME STUDENT and ATHLETE)... what should I set my financial goal... right now... money is not a thing for me just to pay cell bill and do little things for my car... I'm still trying to get into the AIR FORCE ACADEMY.... I'm going for a B.S in AERONAUTICAL ENGINEERING... so lets say I accomplish this in 5-6 years... then at 24-25 I should start with my 401k...??? my parents had an investment for me, but after 9/11 it DROPPED a lot and I needed the money for prom... so now I'm back from scratch... what's my best path to get when I'm 40...
You also mentioned REAL-ESTATE... how does 0 down payment work and fix the house and sell it for a higher price??? how does that work??
GIVE THE FD owners props TONS of it.....
The Stock mkt is looking strong right now. The trend looks very healthy..although yesterday's retail comps were pretty bearish! we'll see, noone can predict whats gonna happen but if you are looking for retirment income who cares what the mkt is doing short term.
Also, another point people need to understand is that a primary residence is not the investment people think. Its a hedge is ALL and a good tax shelter.
If u buy low then sell high...you have to rebuy high. If you are talking about fixing up a second house thats a different story.
Right now, dont think about other investments until u have your 401k maxed out or an roth IRA or both.
Another thing to consider is your time horizon when investing..when will you need that money...whats the goal for that money? If its for financing your retirement then you should own primarily equity type investments. Manage your expectations too. The mkt goes thru cycles. Dont make a decision based on emotions...the mkt will come back.
Lives on the Forum
Joined: Mar 2001
Posts: 5,014
Likes: 40
From: CT
the rule of 72 is a good tool..but dont get too excited when you see how nice compounding interest is and how you will be a millionaire when u retire. Use a "real" rate when doing your calculation to keep everything alittle more practical...a "real" rate is adjusted down for inflation. When carter was pres rates were amazingly high but so was inlfation so the real rate was very small....however, alot of people bought bonds and looked in that rate...nice huh.