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Old Apr 24, 2005 | 05:30 PM
  #51 (permalink)  
Chuck 98 RT/10's Avatar
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A 10% return on 80K isn't "getting rich." It's saving for a rainy day or a retirement supplement.

In fact, 80K is barely enough to get a business going and that's only if you bust your ass at it. Then maybe after five years you'll be able to buy that old 80s Ferrari.
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Old Apr 24, 2005 | 05:32 PM
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Originally Posted by s10_male
But if you want to have fun with your money get the RED one, and take the blue pill.

fuck buyin the red one...use that money to buy more of those blue pills.
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Originally Posted by moldyhands
in the immortal words of the very wise Kid Rock, "3 foot tall with a 10 foot dick"

though for me, you'd have to change it to 10 inches, and you'd have to change inches to millimeters, and you'd have to change 10 to 5 and you'd have to change dick to poor excuse for one.
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Old Apr 24, 2005 | 05:34 PM
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Originally Posted by SlowLX5.0
fuck buyin the red one...use that money to buy more of those blue pills.

thats the best thing on this whole post.
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Old Apr 26, 2005 | 08:34 AM
  #54 (permalink)  
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think the 80 g's is as much bs as a 14 second et with a 124 trap speed
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Old Apr 26, 2005 | 08:55 AM
  #55 (permalink)  
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do you already own a house? If not, fuck the car. Either way 80K would certainly change the scope of a lot of shit, for me anyways. A car would be really far down on the list of importance.

If your going to spend it on a car, why not just drop 80K down on a new ferrari?
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Old Apr 26, 2005 | 09:39 AM
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Originally Posted by Rdline1
not necessarily. obviously real estate is going to improve, but $80k wont buy you shit for a house these days. A 9.2% average interest rate is realistically possible with a decent fund, and no matter how you look at it, $500k will STILL be a lot of money in 20 years. it might not buy you a place on the beach outright, but it'll be enough to pay bills etc. if the rest is left in the fund to continue compounding during retirement. spending $80k all at once is most definetly a big mistake.
$80k is enough to put 20% down on $400k worth of real estate for renting out. $400k worth of real estate secured today, paid off by renters, is going to be worth a hell of a lot more than your 9.2% scenario in 20 years
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Old Apr 26, 2005 | 09:52 AM
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Something new would be my suggestion....but i would take the red one
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Old Apr 26, 2005 | 10:10 AM
  #58 (permalink)  
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Originally Posted by BigBadBuick
$80k is enough to put 20% down on $400k worth of real estate for renting out. $400k worth of real estate secured today, paid off by renters, is going to be worth a hell of a lot more than your 9.2% scenario in 20 years
The best piece of advice here folks - of course if the housing bubble is a reality - and not an urban myth... different story. Of course with 56M people projected to be living in Florida in 10 years - real estate seems to be one of those "no lose" scenerios...
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Old Apr 26, 2005 | 10:22 AM
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Real estate?

But he's going to buy a FERRARI!!!
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Old Apr 26, 2005 | 10:26 AM
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Chuck 98 RT/10's Avatar
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Originally Posted by BigBadBuick
$80k is enough to put 20% down on $400k worth of real estate for renting out. $400k worth of real estate secured today, paid off by renters, is going to be worth a hell of a lot more than your 9.2% scenario in 20 years
Better to make it 25K for 250K rental. Renters are a real pain in the ass, he will need the cash for down months and all the shit renters fuck up. Then he can buy a FERRARI!!!

Aint it fun to dream with other people's fictitious money?
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