206 replies to this topic

[cw68]

Maybe I am, but that's no reason to blast someone for their choice. I love the goo-goo mentality of "I know what's best for you". You guys crack me up. We all make choices. You act as if that money is gone, whereas I realize it's an asset and has value. Do you get it? The next time your car gives you trouble, you'll all think "maybe ChipShot is right...I want a new, decent car for a change". Just my guess...I suppose I could be wrong, but I doubt it !!

Dude, you're the one telling others that if they can't pony up that amount of money that they have mismanaged their finances. Talk about telling people what's best for them.

Anyway, just leave it at you think it's an OK use of money, but others of us do not, and not because we ain't got it going on.

[mylo]

hahaha it's just hard to believe you paid 100% cash for a brand new car.

Lets hear from folks - how many of you out there have 40-60 grand in cash sitting around available to purchase a car or boat if you suddenly wanted to?

I'll admit, I couldn't do it because all my cash like that is tied up in a couple properties, 401k's and numerous other savings.... so if you're doing that well Chip, good on you (but for some strange reason, my BS detector is going off.... )

Define "cash".

Do you mean "liquid assets that could be converted into a vehicular purchase" or do you actually mean "wads of bills in a sock drawer". If the latter, that's not a very safe way of keeping your money

[bishmasterb]

Wow, this thread turned into a pissing match real quick!

One of the things I did early on was to do some simple calculations on compound interest to demonstrate to myself that becoming financially independent really was achievable. Knowing that savings WILL make a difference down the line is half the battle.

[ChipShot]

Wow, this thread turned into a pissing match real quick!

Yes, it did. And financial envy tends to do that to otherwise nice, well-meaning people. It's a shame, but it's America these days. Too much jealousy and trying to 'keep up with the Joneses' can breed anger in some people. People buy homes, cars, etc, every day. It's part of what keeps our economy going. If you choose not to do that, fine, but don't be haters and chastisers (?) of people who do. It's not healthy. Glad I could help.

[brown]

Maybe I am, but that's no reason to blast someone for their choice. I love the goo-goo mentality of "I know what's best for you". You guys crack me up. We all make choices. You act as if that money is gone, whereas I realize it's an asset and has value. Do you get it? The next time your car gives you trouble, you'll all think "maybe ChipShot is right...I want a new, decent car for a change". Just my guess...I suppose I could be wrong, but I doubt it !!

Now now, nobody is blasting anyone for their choices, except you, on this thread and almost every other thread. Your hypocrisy is making you look a bit silly.

[ChipShot]

Now now, nobody is blasting anyone for their choices, except you, on this thread and almost every other thread. Your hypocrisy is making you look a bit silly.

Now, now...re-read this thread and you'll see people criticizing/blasting anyone who buys a new car. I accept your apology/correction.

[mylo]

Now, now...re-read this thread and you'll see people criticizing/blasting anyone who buys a new car. I accept your apology/correction.

I criticize people who buy "brand new" cars because of the immediate depreciation of driving off the lot. Buy that same car 1 month later, and save 15% yet still have a reliable vehicle.

Reliability also comes with used cars that are well taken care of. Along with cheaper insurance and lower repair costs.

Simply said, used cars are a better value.

[brown]

Now, now...re-read this thread and you'll see people criticizing/blasting anyone who buys a new car. I accept your apology/correction.

Nope, no such blasting. Just questioning those who talk about buying a new car in a thread titled "Saving Money".

[tgianco]

To answer the question, yes, i could pay for a car outright, but why pay a ton for a depreciating asset? If Buffett can drive an old beater for 20 years, so can I.

Then again, I'm not a gear-head, so, if that's what floats your boat and you can afford it, more power to you.

For me, starting with investing early (age 21), contributing to my IRA early and often, not caring about wearing the best clothes (never was into that), not caring about driving the best cars (again, depreciating asset and I almost take pride in mocking those, especially those that do it to impress, that do), having a plan when it comes to investing, having a plan when it comes to spending, tracking spending (if you went through ALL of your expenses, most don't realize all the bills that come every month), etc.

You don't have to make much to become wealthy. It's not about what you make, it's about what you keep. Anyone with any amount of discipline can do it.

Oh yeah, the other golden rule: Be a contrarian. In financial circles, if everyone is doing something, you can bet that you should be doing just the opposite. By the time the general public is on to something, it's usually at the tale end of a cycle or too late (hello, real estate folks).

Take the emotion out of your finances, too. You need to completely seperate those from your financial reality. Emotions and expectations usually run contrary to financial reality.

Good luck.

[ChipShot]

Nope, no such blasting. Just questioning those who talk about buying a new car in a thread titled "Saving Money".

It's easy to do both. Do you never buy big ticket items?? Ahh, scratch that. You'll dance around that question, too.

[brown]

It's easy to do both. Do you never buy big ticket items?? Ahh, scratch that. You'll dance around that question, too.

Who is doing any dancing? I know you're not serious, but you sure are entertaining.

[ChipShot]

Who is doing any dancing?

You are, as usual.....

[attachment=1240:dance.jpg]


tgianco makes good points above....

[attachment=1241:chill.jpg]

[brown]

You are, as usual.....

[attachment=1240:dance.jpg]
tgianco makes good points above....

[attachment=1241:chill.jpg]

Uh, okay, Beavis.

[ChipShot]

Uh, okay, Beavis.

Now, now....Play nice...

[cw68]

For the record, I am not envious of you buying a new car, even having a new car. I'm perfectly happy with my Subuaru and plan having it for a long time. I tend to buy one every nine years (have had an '84, a '93 and now an '02). I'm not envious of others houses, etc. I'm very happy with my choices and make my choices based upon my family's needs, means and desires, and NEVER upon what others think.

The only people I care about impressing with money is my parents, and that's with how smart I am with it because they are the smartest money people I know!