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LOL at Fkn idiots who think leasing/financing a car is a good idea (srs)
LOL at Fkn idiots who think leasing/financing a car is a good idea (srs)
03-04-2019, 01:53 PM
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#61
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Originally Posted By MyBaddBrah⏩
Which is true, except a personal vehicle isn't a wealth creation tool. Businesses borrow so they can make more money. How is paying interest on a car making you money?All business entities operating at the highest level stay in "perpertual debt". Reason? Leverage is one of the biggest tools of the wealthy. Not using it makes you a moron. Debt isn't something you should be worried about. Maybe you're thinking of debt ratio?
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03-04-2019, 02:03 PM
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#62
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Nonsense916 should have been banned 4life.
03-04-2019, 02:05 PM
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#63
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Originally Posted By MinisterOfLust⏩
baby don’t be like thatNonsense916 should have been banned 4life.
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03-04-2019, 02:06 PM
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#64
Originally Posted By guest89⏩
g4phe's posted pics with a red tesla and lately claimed he's going to buy a bmw i8. All that as a bartender in cali.
He either has rich parents that gives him money/allow him to live for free or he's selling substances on the side. Or likely a little bit of both of those.
Definitely the way to go for your line of work. Those trucks are insanely cheap though. They probably depreciate a bit more in a snow climate where they salt the road and stuff. A 2005 1 ton here with around 300k miles would cost around 5-8k.
He either has rich parents that gives him money/allow him to live for free or he's selling substances on the side. Or likely a little bit of both of those.
Definitely the way to go for your line of work. Those trucks are insanely cheap though. They probably depreciate a bit more in a snow climate where they salt the road and stuff. A 2005 1 ton here with around 300k miles would cost around 5-8k.
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03-04-2019, 02:13 PM
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#65
03-04-2019, 02:16 PM
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#66
03-04-2019, 02:18 PM
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#67
03-04-2019, 02:19 PM
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#68
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Repped it’s idiotic. No excuse for it
03-04-2019, 02:36 PM
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#69
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Originally Posted By 0p3rator⏩
Point is you still gotta buy a vehicle. If they bought personal vehicles, you'd better bet they would finance it. Deferring payment for as much as possible and as long as possible is always king.Which is true, except a personal vehicle isn't a wealth creation tool. Businesses borrow so they can make more money. How is paying interest on a car making you money?
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03-04-2019, 03:02 PM
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#70
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Originally Posted By sandaltan⏩
Opportunity cost?wtf kinda backwards ass logic is that
honestly i have no idea what youre even talking about
if you spend 1.2 m on a property you know own a 1.2 m asset
if you rent at $10k per month youre literally just paying 10k per month on something you dont own
honestly i have no idea what youre even talking about
if you spend 1.2 m on a property you know own a 1.2 m asset
if you rent at $10k per month youre literally just paying 10k per month on something you dont own
His numbers are off but there is some sense there.
A £1m flat in Kensington is probably more like £2500-£3000 a month in rent.
Let’s assume it’s £3000 to be prudent.
I invest £1m in equities. I’d expect 6% return in the long term, so let’s say I make £60k in the first year. I pay £10k in capital gains tax (less really as I’ll have some of that money in tax advantaged accounts).
Out of the £50k return, I spend £36k on rent and re-invest the other £14k for compound growth.
I’m living in a £1m flat and am making £14k a year profit (more each year).
If I spent my £1m on buying the flat, I’d be paying £2k a year service charge and probably £3k or so in maintenance in the long term (£3k is optimistic).
It’s costing me £5k a year to live in the flat, and I’m missing out on £14k in profit. That’s £19k a year I’m losing out on by owning this flat compared to investing in equities.
For the purchase to be worthwhile, I’m hoping for capital growth. House prices in London are so inflated right now, how much more can they grow? Especially when you’re talking about 1-2 bed 700 square foot flats for £1m. Do you really want to gamble on this shoe box gaining value?
The only reason I'd be buying that flat is because credit is so cheap, and I can take advantage of leverage by borrowing the majority of the asset price. I only have to tie up £100-£200k of my own cash, borrowing the rest from the bank at miniscule interest rates.
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03-04-2019, 05:23 PM
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#71
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Originally Posted By MyBaddBrah⏩
will you be free to drive me to the bar tonightPoint is you still gotta buy a vehicle. If they bought personal vehicles, you'd better bet they would finance it. Deferring payment for as much as possible and as long as possible is always king.
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03-04-2019, 05:25 PM
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#72
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Originally Posted By ashin1⏩
this could be a good down payment on a nice house, no?
maybe in like Saskatchewanlolthis could be a good down payment on a nice house, no?
03-04-2019, 05:26 PM
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#73
03-04-2019, 05:29 PM
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#74
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Originally Posted By Mathematics⏩
youre right about the opportunity cost, but it assumes the rate of return on your investment > than the 10k per month you spend on rentOpportunity cost?
His numbers are off but there is some sense there.
A £1m flat in Kensington is probably more like £2500-£3000 a month in rent.
Let’s assume it’s £3000 to be prudent.
I invest £1m in equities. I’d expect 6% return in the long term, so let’s say I make £60k in the first year. I pay £10k in capital gains tax (less really as I’ll have some of that money in tax advantaged accounts).
Out of the £50k return, I spend £36k on rent and re-invest the other £14k for compound growth.
I’m living in a £1m flat and am making £14k a year profit (more each year).
If I spent my £1m on buying the flat, I’d be paying £2k a year service charge and probably £3k or so in maintenance in the long term (£3k is optimistic).
It’s costing me £5k a year to live in the flat, and I’m missing out on £14k in profit. That’s £19k a year I’m losing out on by owning this flat compared to investing in equities.
For the purchase to be worthwhile, I’m hoping for capital growth. House prices in London are so inflated right now, how much more can they grow? Especially when you’re talking about 1-2 bed 700 square foot flats for £1m. Do you really want to gamble on this shoe box gaining value?
The only reason I'd be buying that flat is because credit is so cheap, and I can take advantage of leverage by borrowing the majority of the asset price. I only have to tie up £100-£200k of my own cash, borrowing the rest from the bank at miniscule interest rates.
His numbers are off but there is some sense there.
A £1m flat in Kensington is probably more like £2500-£3000 a month in rent.
Let’s assume it’s £3000 to be prudent.
I invest £1m in equities. I’d expect 6% return in the long term, so let’s say I make £60k in the first year. I pay £10k in capital gains tax (less really as I’ll have some of that money in tax advantaged accounts).
Out of the £50k return, I spend £36k on rent and re-invest the other £14k for compound growth.
I’m living in a £1m flat and am making £14k a year profit (more each year).
If I spent my £1m on buying the flat, I’d be paying £2k a year service charge and probably £3k or so in maintenance in the long term (£3k is optimistic).
It’s costing me £5k a year to live in the flat, and I’m missing out on £14k in profit. That’s £19k a year I’m losing out on by owning this flat compared to investing in equities.
For the purchase to be worthwhile, I’m hoping for capital growth. House prices in London are so inflated right now, how much more can they grow? Especially when you’re talking about 1-2 bed 700 square foot flats for £1m. Do you really want to gamble on this shoe box gaining value?
The only reason I'd be buying that flat is because credit is so cheap, and I can take advantage of leverage by borrowing the majority of the asset price. I only have to tie up £100-£200k of my own cash, borrowing the rest from the bank at miniscule interest rates.
but fair point. if you legit have 1.2M to spend in liquid cash maybe spending it all on 1 property isnt the best investment
maybe the best investment is to buy a reasonably priced fixer upper triplex and rent them out while making repairs and prudently invest the remainder into a solid portfolio of sure-things
03-04-2019, 05:30 PM
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#75
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Originally Posted By SFH0791⏩
Bruh Are you retarded?yh thats if you have lots of ££££££
some of us are happy with ~£30k per year with a good house
and going out every weekend.. I don't want to be 65 and look back and say ahHHH only if invested in fraud coin or oohh only if i invested in FTSE
I want to look back and say ahhh I remember I went to XXX with YYYY and enjoy WWWW
so what? It is a service at the end of the day
some of us are happy with ~£30k per year with a good house
and going out every weekend.. I don't want to be 65 and look back and say ahHHH only if invested in fraud coin or oohh only if i invested in FTSE
I want to look back and say ahhh I remember I went to XXX with YYYY and enjoy WWWW
so what? It is a service at the end of the day
Srs question
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03-04-2019, 05:32 PM
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#76
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brb get brand new car
brb drive it for 3 years while it’s useful then it becomes chit anyway
brb get rid of that chit and get a brand new one again
brb brb
leasing is where it’s at
brb drive it for 3 years while it’s useful then it becomes chit anyway
brb get rid of that chit and get a brand new one again
brb brb
leasing is where it’s at
03-04-2019, 07:37 PM
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#77
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I buy because I modify but I know a lot of guys that do the loan because the total cost of ownership is less once you factor in their investments.
If you have great credit and get a great loan rate why not invest the rest and make a higher rate of return?
If you have great credit and get a great loan rate why not invest the rest and make a higher rate of return?
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03-04-2019, 08:16 PM
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#78
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Originally Posted By iradumass⏩
Some of us our just late bloomers to this white privelige thing.true poor people are fuking scum
03-04-2019, 08:23 PM
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#79
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OP send me a head shot srs. I want to see if you're better looking than me dead srs. I think you may be but it's very rare so I'm skeptical
03-04-2019, 08:26 PM
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#80
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Originally Posted By sg1976⏩
if I was to buy your car from you I would be buying a used car; you are driving a used car.Congrats ******* on your used car cope. I'm sure you woman is also an ex prostitute.
In b4 "but it's.... mine" cope
03-04-2019, 09:12 PM
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#81
03-04-2019, 09:22 PM
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#82
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lmao no thx OP
I'd rather have a brand new car without worrying about any mechanical repairs or random **** happening to my engine. just lmao.
the only thing I have to worry about is oil changes and the occasional tire rotation
I'd rather have a brand new car without worrying about any mechanical repairs or random **** happening to my engine. just lmao.
the only thing I have to worry about is oil changes and the occasional tire rotation
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03-04-2019, 09:26 PM
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#83
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Originally Posted By irollurmom⏩
oh and don’t forget that payment lmaolmao no thx OP
I'd rather have a brand new car without worrying about any mechanical repairs or random **** happening to my engine. just lmao.
the only thing I have to worry about is oil changes and the occasional tire rotation
I'd rather have a brand new car without worrying about any mechanical repairs or random **** happening to my engine. just lmao.
the only thing I have to worry about is oil changes and the occasional tire rotation
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03-04-2019, 09:27 PM
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#84
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Originally Posted By ANIMALISTIKZ⏩
let the Misc decideOP send me a head shot srs. I want to see if you're better looking than me dead srs. I think you may be but it's very rare so I'm skeptical
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03-04-2019, 09:39 PM
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#85
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Have enough money to buy the car I currently want out right, but I might finance it just so I can use the pretty stationary I buy spontaneously ¯\_(ツ)_/¯
Logical? Nah, but do I care? Nah.
Logical? Nah, but do I care? Nah.
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03-04-2019, 10:00 PM
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#86
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Originally Posted By SFH0791⏩
Somehow you can't invest and own a house? Or do you not pay rent where you live? Because if rent is $10k a month, you gotta live somewhere, so why pay that amount towards rent when you can pay the same amount towards a mortgage? You must be stupid. Or are you somehow putting $1.2 million in the bank but living in the streets? BTW, a $1.2 million mortgage will be less than $10k, much less.Renting in some instances is more profitable than buying
for exmaple
in U.K an apartment in Kensington cost ~ 1.2 million GBP
rent is about 10k Per month
if you put 1.2 million in your bank account you can recope the rent money easily and that includes all maintenance etc etc
for exmaple
in U.K an apartment in Kensington cost ~ 1.2 million GBP
rent is about 10k Per month
if you put 1.2 million in your bank account you can recope the rent money easily and that includes all maintenance etc etc
Originally Posted By Anachron⏩
At 8% interest, but somehow he's saving money over a 3% interest mortgage.lol @ trailerbrah calling people lease-cels...
How are those car payments coming?
How are those car payments coming?
Originally Posted By ashin1⏩
this could be a good down payment on a nice house, no?
According to Asshin, he's been making 6 figures since he was 22, so what you're looking at is 7 years of living like trailer trash to save every penny, and also investing. He must not be very good at math.this could be a good down payment on a nice house, no?
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03-04-2019, 10:09 PM
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#87
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Originally Posted By outfoxxed⏩
Got ya beat. I drive a 1965 truck with manually rolled down windows, no AC, no heat, and only manual transmission.just lol if you aren't driving a 1995 honda civic with manually rolled down windows, no AC, and only manual transmission
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03-04-2019, 10:26 PM
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#88
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Originally Posted By exxtracool⏩
not gonna lie some of my best memories was in that province.maybe in like Saskatchewanlol
Originally Posted By Godfrd824⏩
If I saved every penny to invest and buy properties how does that explain my private 2600sqft skatepark?Somehow you can't invest and own a house? Or do you not pay rent where you live? Because if rent is $10k a month, you gotta live somewhere, so why pay that amount towards rent when you can pay the same amount towards a mortgage? You must be stupid. Or are you somehow putting $1.2 million in the bank but living in the streets? BTW, a $1.2 million mortgage will be less than $10k, much less.
At 8% interest, but somehow he's saving money over a 3% interest mortgage.
According to Asshin, he's been making 6 figures since he was 22, so what you're looking at is 7 years of living like trailer trash to save every penny, and also investing. He must not be very good at math.
At 8% interest, but somehow he's saving money over a 3% interest mortgage.
According to Asshin, he's been making 6 figures since he was 22, so what you're looking at is 7 years of living like trailer trash to save every penny, and also investing. He must not be very good at math.
70k of that portfolio is from capital gains and dividends lol
I only put about 90k into it and I haven’t put a penny into that account for 2 years now.
Abortionator pls
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03-04-2019, 10:36 PM
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#89
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Originally Posted By rocketfish⏩
If you can't figure out why renting is the better way to go in some circumstances you will always be poor. Age:29 C'mon manlol @ paying someone elses mortgage by renting their place. cuck logic
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03-04-2019, 10:43 PM
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#90
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Originally Posted By Podunks⏩
Let’s shred the gnar brah!I guess that's one way to describe your driveway with a little ramp at the end.
I’ll show yeah how to drop in
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