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| Post Number: 11
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minnow 
Group: Members
Posts: 2243
Joined: Aug. 2003
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Posted on: Oct. 14 2003,9:38 pm |
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Some car guru at the Detroit auto show put it something like this, "Our house is what we are...our cars are what aspire to be. More often than not, there's a big difference between the two"
Oddly enough and this is where it gets interesting...It's cheaper to "be" than to "aspire"! In other words, it costs MORE to prove something that you could BE for less!
See....that's why I'm rich and your not. I display total mastery over money.
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| Post Number: 12
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Dustin Petersen
Group: Members
Posts: 271
Joined: Sep. 2003
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Posted on: Oct. 15 2003,12:06 pm |
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Perhaps a car guru isn't the best person to believe on the psychology of buying a car. Of course they want us to believe that the amount we spend on a car reflects our ambition, drive (no pun intended), and aspirations. It's their job to sell. Anybody who wants to try to buy status can go right ahead, but buying a more expensive car will not change who you are.
I wouldn't spend half that amount of money on a car. Unless it could drive underwater and shoot rockets at enemy helicopters. That would be pretty cool. 
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| Post Number: 13
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Mamma
Group: Members
Posts: 1474
Joined: Aug. 2003
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Posted on: Oct. 15 2003,5:33 pm |
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I don't think they meant "roids" when they were talking hemi's Minnow!! If you are so money savy, then why on earth would you think it would be a good idea to pay cash for a house. I think before you go spend your huge old wad of money you should go talk to a CFP. (for Minnow....this would be a Certified Financial Planner). 
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A conclusion is simply the place where you got tired of thinking.
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| Post Number: 14
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minnow
Unregistered
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Posted on: Oct. 15 2003,7:22 pm |
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How do you think mortgage companies make their money anyway? Now think of ALL associated costs if you can.
The money saved is incredible to say the least... and don't give me the spiele about the mortgage interest deduction. It fools the little people everyime.
I should make upwards of 200K this year. Last year was 150K (2003).
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| Post Number: 15
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Mamma
Group: Members
Posts: 1474
Joined: Aug. 2003
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Posted on: Oct. 15 2003,7:59 pm |
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But with interest rates on new houses around 5%, and investing your money at 10 or 12% wouldn't you be ahead by investing......?? And don't say you can't get that kind of return on your money because I have investments that are making more than that right now. Like I said..you should have a CFP, and if you don't your money isn't going to work for you. But hey....if you want to pay cash for a house you come to Mamma and she will find you one built to "your" specs.
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A conclusion is simply the place where you got tired of thinking.
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| Post Number: 16
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The Advocate
Unregistered
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Posted on: Oct. 15 2003,8:02 pm |
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Well, I'm poor, stupid and downright dispicable because I drive a Geo Metro. Plus, I'm old!!!! My kids told me that was not an appropriate car for any old lady, but to hell with it. I stopped caring what other people thought years ago and am having a much better time ever since. Getting older is fun because you can tell people what you think, forget to shower and put on mismatched clothing all in the same day and nobody gives a rip.
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| Post Number: 17
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Tiger
Group: Members
Posts: 606
Joined: Aug. 2003
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Posted on: Oct. 15 2003,8:41 pm |
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Mamma, where are you finding interest rates at 10 and 12% for investments? Let me know and I will be there with my check in hand. Interest rates are not that good for investing right now.
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| Post Number: 18
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Mamma
Group: Members
Posts: 1474
Joined: Aug. 2003
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Posted on: Oct. 15 2003,9:22 pm |
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Well Tiger ...just for starters...the stock market is up over 17% this year..........there's more.......but I was just trying to make a point that paying cash for a house is not real smart.
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A conclusion is simply the place where you got tired of thinking.
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| Post Number: 19
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minnow
Unregistered
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Posted on: Oct. 16 2003,7:16 am |
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No there isn't. Mamma's been caught telling fish stories again.
I'm a money pro...I was born and raised with one. My dad retired in his 40's and is worth $3-4 million now. He makes several hundred thousand a year trading derivatives on the computer. He's 77 now.
Still...someone like Jo-lo spends more on ring than me or my dad will make in several lifetimes. We aren't rich....everyone else is poor...
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| Post Number: 20
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Mamma
Group: Members
Posts: 1474
Joined: Aug. 2003
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Posted on: Oct. 16 2003,10:35 pm |
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okay.....I made a mistake....I didn't realize that you could inherit money sense. You must have gotten that the same time you got common sense, morals, modesty, and compassion. 
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A conclusion is simply the place where you got tired of thinking.
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