Current Events > This sound financial correct?

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VeggetaX 10/29/24 8:58:27 AM #1:	https://gamefaqs.gamespot.com/a/forum/c/c98f1daa.jpg --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>VeggetaX posted [p:982712610] in This sound... [t:80874379]...</cite> <quote>https://gamefaqs.gamespot.com/a/forum/c/c98f1daa.jpg</quote> ... Copied to Clipboard!
Cemith 10/29/24 9:00:51 AM #2:	The Fluent in Finance subreddit has some of the most room temperature IQ posts on reddit. Also, no, in a society where having a car is (generally) the difference between having an income or not, it's unlikely someone can just pay cash for it. If you can, great, you probably don't need additional financial literacy. --- https://i.ibb.co/2vRbyC0/Rosa-6.png "Friends don't let friends watch The Big Bang Theory" - mogar002 <cite>Cemith posted [p:982712633] in This sound... [t:80874379]...</cite> <quote>The Fluent in Finance subreddit has some of the most room temperature IQ posts on reddit. Also, no, in a society where having a car is (generally) the difference between having an income or not, it's unlikely someone can just pay cash for it. If you can, great, you probably don't need additional financial literacy.</quote> ... Copied to Clipboard!
Doe 10/29/24 9:03:15 AM #3:	Cemith posted... The Fluent in Finance subreddit has some of the most room temperature IQ posts on reddit. Also, no, in a society where having a car is (generally) the difference between having an income or not, it's unlikely someone can just pay cash for it. If you can, great, you probably don't need additional financial literacy. Yes but there are a LOT people who pay way too much money for something like a new pickup truck because it's an ego/status thing. --- https://imgur.com/gallery/dXDmJHw https://www.youtube.com/watch?v=75GL-BYZFfY <cite>Doe posted [p:982712652] in This sound... [t:80874379]...</cite> <quote>Cemith posted... </cite><quote>The Fluent in Finance subreddit has some of the most room temperature IQ posts on reddit. Also, no, in a society where having a car is (generally) the difference between having an income or not, it's unlikely someone can just pay cash for it. If you can, great, you probably don't need additional financial literacy.</quote>Yes but there are a LOT people who pay way too much money for something like a new pickup truck because it's an ego/status thing. </quote> ... Copied to Clipboard!
Bass 10/29/24 9:04:08 AM #4:	Depends on the interest rate of the car. If it's low enough, you'll do better investing the cash instead of using it all now to pay off the car. Of course these days interest rates are pretty high, so usually not a great idea at the moment. --- Many Bothans died to bring you this post. <cite>Bass posted [p:982712658] in This sound... [t:80874379]...</cite> <quote>Depends on the interest rate of the car. If it's low enough, you'll do better investing the cash instead of using it all now to pay off the car. Of course these days interest rates are pretty high, so usually not a great idea at the moment. </quote> ... Copied to Clipboard!
Heineken14 10/29/24 9:04:29 AM #5:	Cemith posted... The Fluent in Finance subreddit has some of the most room temperature IQ posts on reddit. Also, no, in a society where having a car is (generally) the difference between having an income or not, it's unlikely someone can just pay cash for it. If you can, great, you probably don't need additional financial literacy. It's also peak rich people shit of telling the poors to forgo having any sort of luxury item that they care for or that gives them any sort of joy in order to scrape by. It's another version of victim blaming by telling them it's their fault they are poor and not because they make shit wages while the rich try to make them even more shit. --- Rage is a hell of an anesthetic. <cite>Heineken14 posted [p:982712662] in This sound... [t:80874379]...</cite> <quote>Cemith posted... </cite><quote>The Fluent in Finance subreddit has some of the most room temperature IQ posts on reddit. Also, no, in a society where having a car is (generally) the difference between having an income or not, it's unlikely someone can just pay cash for it. If you can, great, you probably don't need additional financial literacy.</quote>It's also peak rich people shit of telling the poors to forgo having any sort of luxury item that they care for or that gives them any sort of joy in order to scrape by. It's another version of victim blaming by telling them it's their fault they are poor and not because they make shit wages while the rich try to make them even more shit.</quote> ... Copied to Clipboard!
Starks 10/29/24 9:14:03 AM #6:	I don't understand why people buy cars when leasing is cheaper and you're not stuck with it once you're sick of the car. --- Paid for by StarksPAC, a registered 501(c)(4) <cite>Starks posted [p:982712730] in This sound... [t:80874379]...</cite> <quote>I don't understand why people buy cars when leasing is cheaper and you're not stuck with it once you're sick of the car.</quote> ... Copied to Clipboard!
VeggetaX 10/29/24 9:14:19 AM #7:	Talking about instead of making a car payment, invest that money and become a millionaire --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>VeggetaX posted [p:982712736] in This sound... [t:80874379]...</cite> <quote> Talking about instead of making a car payment, invest that money and become a millionaire </quote> ... Copied to Clipboard!
Starks 10/29/24 9:14:44 AM #8:	Ramsey is an idiot, don't listen to him. He treats people like they can never be trusted with credit again and effectively gates people out of the rewards industry. And his company is run like a religious cult. --- Paid for by StarksPAC, a registered 501(c)(4) <cite>Starks posted [p:982712740] in This sound... [t:80874379]...</cite> <quote>Ramsey is an idiot, don't listen to him. He treats people like they can never be trusted with credit again and effectively gates people out of the rewards industry.And his company is run like a religious cult.</quote> ... Copied to Clipboard!
UnsteadyOwl 10/29/24 9:16:11 AM #9:	Cemith posted... The Fluent in Finance subreddit has some of the most room temperature IQ posts on reddit. Also, no, in a society where having a car is (generally) the difference between having an income or not, it's unlikely someone can just pay cash for it. If you can, great, you probably don't need additional financial literacy. Right, and dependence on a car to be able to hold a job is also linked to things like cities not being built to accommodate bicycles and not having decent public transportation systems, which are policy decisions on the part of local government which the poor person Ramsey or whoever is trying to lecture about finance has very little power to affect. --- Harris/Walz 2024! <cite>UnsteadyOwl posted [p:982712754] in This sound... [t:80874379]...</cite> <quote>Cemith posted... </cite><quote>The Fluent in Finance subreddit has some of the most room temperature IQ posts on reddit. Also, no, in a society where having a car is (generally) the difference between having an income or not, it's unlikely someone can just pay cash for it. If you can, great, you probably don't need additional financial literacy.</quote>Right, and dependence on a car to be able to hold a job is also linked to things like cities not being built to accommodate bicycles and not having decent public transportation systems, which are policy decisions on the part of local government which the poor person Ramsey or whoever is trying to lecture about finance has very little power to affect.</quote> ... Copied to Clipboard!
YellowSUV 10/29/24 9:18:26 AM #10:	If you have an old car that works and is paid off, that is usually the best financial "investment". If you are buying a car, sometimes new is better, especially with how much used cars cost nowadays and it may be cheaper in the long run to buy a new car. Newer cars have lower interest rates than used ones, you get a warranty, there are few miles on the car, and you don't have to worry about a past owner abusing the car. --- We all live in a Yellow SUV! a Yellow SUV! <cite>YellowSUV posted [p:982712770] in This sound... [t:80874379]...</cite> <quote>If you have an old car that works and is paid off, that is usually the best financial "investment". If you are buying a car, sometimes new is better, especially with how much used cars cost nowadays and it may be cheaper in the long run to buy a new car. Newer cars have lower interest rates than used ones, you get a warranty, there are few miles on the car, and you don't have to worry about a past owner abusing the car. </quote> ... Copied to Clipboard!
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ai123 10/29/24 9:27:16 AM #12:	Many people need reliable cars now. And some people like to enjoy their lives while they are young, rather than scrape by in the uncertain hope that they can start enjoying it for a year or two before they die. That's a pretty shitty deal we are all sold: invest all your money in capitalism, or live out your final years destitute! --- 'Vinyl is the poor man's art collection'. Let in the refugees, deport the racists. <cite>ai123 posted [p:982712846] in This sound... [t:80874379]...</cite> <quote>Many people need reliable cars now.And some people like to enjoy their lives while they are young, rather than scrape by in the uncertain hope that they can start enjoying it for a year or two before they die.That's a pretty shitty deal we are all sold: invest all your money in capitalism, or live out your final years destitute!</quote> ... Copied to Clipboard!
boomgetchopped3 10/29/24 9:27:30 AM #13:	Id agree assuming the car is in good shape. But Ive never followed this advice. I like nice things --- It's literally the same thing <cite>boomgetchopped3 posted [p:982712853] in This sound... [t:80874379]...</cite> <quote>Id agree assuming the car is in good shape. But Ive never followed this advice. I like nice things </quote> ... Copied to Clipboard!
ReturnOfDevsman 10/29/24 9:39:53 AM #14:	I looked up a calculator on the Internet, to see if I can get this thing to add up to millions. After 4% inflation, $554/mo at 6% per year for 30 years is $273k. After 4% inflation, $554/mo at 12% per year for 40 years is $1.9M. After 4% inflation, $554/mo at 9% per year for 40 years is $846k It's feasible, but you have to assume you're talking to someone literally fresh out of school with really good investment options. --- Arguing on CE be all like: https://youtu.be/JpRKrs67lOs?si=kPGA2RCKVHTdbVrJ <cite>ReturnOfDevsman posted [p:982712971] in This sound... [t:80874379]...</cite> <quote>I looked up a calculator on the Internet, to see if I can get this thing to add up to millions.After 4% inflation, $554/mo at 6% per year for 30 years is $273k.After 4% inflation, $554/mo at 12% per year for 40 years is $1.9M.After 4% inflation, $554/mo at 9% per year for 40 years is $846kIt's feasible, but you have to assume you're talking to someone literally fresh out of school with really good investment options.</quote> ... Copied to Clipboard!
realnifty1 10/29/24 9:46:12 AM #15:	VeggetaX posted... Talking about instead of making a car payment, invest that money and become a millionaire Not really, a 10% return over 25 years would be 600-700k on the 150k you put in, but inflation would have eaten like half the buying power. Ramsey isn't terrible if you have absolutely no self control whatsoever, in that it will keep you financially solid, but just like people going after FIRE, you will likely be miserable all the way. The real answer is buy within your means and don't just buy because you can. In relation to cars this means your monthly payment should not be more than an amount that you are also able to put into savings each month. ( This can be hard, because a car is often a necessity, but if you can't make this work it means you should only be buying the cheapest car possible ) The other bit is that you should be aiming to keep a car for twice the length of whatever the loan was before moving on to a new one. ( Every month you outright own something reduces the cost over time of having purchased it ) <cite>realnifty1 posted [p:982713037] in This sound... [t:80874379]...</cite> <quote>VeggetaX posted... </cite><quote>Talking about instead of making a car payment, invest that money and become a millionaire</quote>Not really, a 10% return over 25 years would be 600-700k on the 150k you put in, but inflation would have eaten like half the buying power. Ramsey isn't terrible if you have absolutely no self control whatsoever, in that it will keep you financially solid, but just like people going after FIRE, you will likely be miserable all the way.The real answer is buy within your means and don't just buy because you can. In relation to cars this means your monthly payment should not be more than an amount that you are also able to put into savings each month. ( This can be hard, because a car is often a necessity, but if you can't make this work it means you should only be buying the cheapest car possible ) The other bit is that you should be aiming to keep a car for twice the length of whatever the loan was before moving on to a new one. ( Every month you outright own something reduces the cost over time of having purchased it )</quote> ... Copied to Clipboard!
CE_gonna_CE 10/29/24 9:48:21 AM #16:	Because so many people can afford to buy a car in all cash these days? Last I looked, even junkers were way more now that you may have gotten them for in the past. Ramsey works for some, but hes pretty much like any other ol delusional millionaire at this point and should probably be best ignored. --- "Creed made better Pearl Jam music than Pearl Jam did" - shockthemonkey <cite>CE_gonna_CE posted [p:982713061] in This sound... [t:80874379]...</cite> <quote>Because so many people can afford to buy a car in all cash these days? Last I looked, even junkers were way more now that you may have gotten them for in the past. Ramsey works for some, but hes pretty much like any other ol delusional millionaire at this point and should probably be best ignored. </quote> ... Copied to Clipboard!
VeggetaX 10/29/24 9:52:04 AM #17:	I apologize for my ignorance on who Dave is and I thank you for the education. --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>VeggetaX posted [p:982713094] in This sound... [t:80874379]...</cite> <quote>I apologize for my ignorance on who Dave is and I thank you for the education.</quote> ... Copied to Clipboard!
ReturnOfDevsman 10/29/24 9:56:26 AM #18:	VeggetaX posted... I apologize for my ignorance on who Dave is and I thank you for the education. He's basically the most extreme take on debt-free personal finance. The one loan he thinks anyone should take in any circumstance is a mortgage, because the home appreciates. I read a full book of the guy's when I was in college. With a couple of modifications, it's more or less what we've done. --- Arguing on CE be all like: https://youtu.be/JpRKrs67lOs?si=kPGA2RCKVHTdbVrJ <cite>ReturnOfDevsman posted [p:982713129] in This sound... [t:80874379]...</cite> <quote>VeggetaX posted... </cite><quote>I apologize for my ignorance on who Dave is and I thank you for the education.</quote>He's basically the most extreme take on debt-free personal finance. The one loan he thinks anyone should take in any circumstance is a mortgage, because the home appreciates.I read a full book of the guy's when I was in college. With a couple of modifications, it's more or less what we've done.</quote> ... Copied to Clipboard!
emblem-man 10/29/24 10:00:51 AM #19:	He's essentially right. You should really try not to have a high car payment but most of us tend to fail at that. --- Harris-Walz 2024 https://imgur.com/gallery/o47SI9Y <cite>emblem-man posted [p:982713166] in This sound... [t:80874379]...</cite> <quote>He's essentially right. You should really try not to have a high car payment but most of us tend to fail at that. </quote> ... Copied to Clipboard!
sabin017 10/29/24 10:03:53 AM #20:	That monthly figure is essentially what your max IRA contributions would be. --- https://i.imgur.com/TWsfIIj.gif <cite>sabin017 posted [p:982713197] in This sound... [t:80874379]...</cite> <quote>That monthly figure is essentially what your max IRA contributions would be.</quote> ... Copied to Clipboard!
UnsteadyOwl 10/29/24 10:08:50 AM #21:	YellowSUV posted... If you have an old car that works and is paid off, that is usually the best financial "investment". If you are buying a car, sometimes new is better, especially with how much used cars cost nowadays and it may be cheaper in the long run to buy a new car. Newer cars have lower interest rates than used ones, you get a warranty, there are few miles on the car, and you don't have to worry about a past owner abusing the car. There's a financial channel on youtube I watch sometimes and one of the pieces of advice they've given that I like is talking about cost per use. If it's something you're not likely to use much then you probably should go for the cheap option. For something you're going to use a lot then it can be worth buying something that will hold up better over time even if the initial cost is more because then your cost per use will be lower. --- Harris/Walz 2024! <cite>UnsteadyOwl posted [p:982713264] in This sound... [t:80874379]...</cite> <quote>YellowSUV posted... </cite><quote>If you have an old car that works and is paid off, that is usually the best financial "investment". If you are buying a car, sometimes new is better, especially with how much used cars cost nowadays and it may be cheaper in the long run to buy a new car. Newer cars have lower interest rates than used ones, you get a warranty, there are few miles on the car, and you don't have to worry about a past owner abusing the car.</quote>There's a financial channel on youtube I watch sometimes and one of the pieces of advice they've given that I like is talking about cost per use. If it's something you're not likely to use much then you probably should go for the cheap option. For something you're going to use a lot then it can be worth buying something that will hold up better over time even if the initial cost is more because then your cost per use will be lower.</quote> ... Copied to Clipboard!
ReturnOfDevsman 10/29/24 10:17:54 AM #22:	YellowSUV posted... If you have an old car that works and is paid off, that is usually the best financial "investment". If you are buying a car, sometimes new is better, especially with how much used cars cost nowadays and it may be cheaper in the long run to buy a new car. Newer cars have lower interest rates than used ones, you get a warranty, there are few miles on the car, and you don't have to worry about a past owner abusing the car. If you can buy either in cash, it probably doesn't make a whole lot of difference per mile whether you buy new or used. New cars notoriously depreciate a lot faster, but they also require a lot less maintenance. If 101-level economics actually work, the price should reach equilibrium naturally. But if you can buy a new car in cash, well, more power to you. --- Arguing on CE be all like: https://youtu.be/JpRKrs67lOs?si=kPGA2RCKVHTdbVrJ <cite>ReturnOfDevsman posted [p:982713410] in This sound... [t:80874379]...</cite> <quote>YellowSUV posted... </cite><quote>If you have an old car that works and is paid off, that is usually the best financial "investment". If you are buying a car, sometimes new is better, especially with how much used cars cost nowadays and it may be cheaper in the long run to buy a new car. Newer cars have lower interest rates than used ones, you get a warranty, there are few miles on the car, and you don't have to worry about a past owner abusing the car.</quote>If you can buy either in cash, it probably doesn't make a whole lot of difference per mile whether you buy new or used. New cars notoriously depreciate a lot faster, but they also require a lot less maintenance. If 101-level economics actually work, the price should reach equilibrium naturally.But if you can buy a new car in cash, well, more power to you.</quote> ... Copied to Clipboard!
royic 10/29/24 10:21:05 AM #23:	This is correct. Do everything you can not to take out credit to buy a depreciating asset. --- binga <cite>royic posted [p:982713456] in This sound... [t:80874379]...</cite> <quote>This is correct. Do everything you can not to take out credit to buy a depreciating asset. </quote> ... Copied to Clipboard!
Starks 10/29/24 10:44:17 AM #24:	ReturnOfDevsman posted... He's basically the most extreme take on debt-free personal finance. The one loan he thinks anyone should take in any circumstance is a mortgage, because the home appreciates. I read a full book of the guy's when I was in college. With a couple of modifications, it's more or less what we've done. It's not debt free, it's cut-to-the-bone austerity --- Paid for by StarksPAC, a registered 501(c)(4) <cite>Starks posted [p:982713798] in This sound... [t:80874379]...</cite> <quote>ReturnOfDevsman posted... </cite><quote>He's basically the most extreme take on debt-free personal finance. The one loan he thinks anyone should take in any circumstance is a mortgage, because the home appreciates.I read a full book of the guy's when I was in college. With a couple of modifications, it's more or less what we've done.</quote>It's not debt free, it's cut-to-the-bone austerity</quote> ... Copied to Clipboard!
ReturnOfDevsman 10/29/24 10:51:54 AM #25:	Starks posted... It's not debt free, it's cut-to-the-bone austerity Both, really. --- Arguing on CE be all like: https://youtu.be/JpRKrs67lOs?si=kPGA2RCKVHTdbVrJ <cite>ReturnOfDevsman posted [p:982713880] in This sound... [t:80874379]...</cite> <quote>Starks posted... </cite><quote>It's not debt free, it's cut-to-the-bone austerity</quote>Both, really.</quote> ... Copied to Clipboard!
NeonPhoenix 10/29/24 10:57:14 AM #26:	I've definitely seen people spend crazy amounts on cars when they clearly cannot afford it, and I personally don't understand it. I still drive like a 15yo car cuz having no car payment is amazing. I'd rather put that money in my house or investments or something fun like vacations --- https://imgur.com/u2HR4nG <cite>NeonPhoenix posted [p:982713939] in This sound... [t:80874379]...</cite> <quote>I've definitely seen people spend crazy amounts on cars when they clearly cannot afford it, and I personally don't understand it. I still drive like a 15yo car cuz having no car payment is amazing. I'd rather put that money in my house or investments or something fun like vacations</quote> ... Copied to Clipboard!
philsov 10/29/24 11:06:45 AM #27:	my long standing ETFs have gotten me ~10% growth year over year (<3 vanguard). My car interest is <10%. It is profitable for me to get the car on credit, and the cash I would have used to buy the car to instead be invested. After 4 years, I'll have gained more by not buying in cash on the spot. However, waltzing up to a car dealership with enough cash to buy a good-but-used car on the spot will give me some negotiation leverage, to the point where is can likely knock off several thousand from the price, which might favor a "cash now" option. --- Remember that I won't rest, 'til we share the same tense Just know, to me, you're better late than never again. <cite>philsov posted [p:982714033] in This sound... [t:80874379]...</cite> <quote>my long standing ETFs have gotten me ~10% growth year over year (<3 vanguard). My car interest is <10%. It is profitable for me to get the car on credit, and the cash I would have used to buy the car to instead be invested. After 4 years, I'll have gained more by not buying in cash on the spot. However, waltzing up to a car dealership with enough cash to buy a good-but-used car on the spot will give me some negotiation leverage, to the point where is can likely knock off several thousand from the price, which might favor a "cash now" option.</quote> ... Copied to Clipboard!
VeggetaX 10/29/24 11:21:15 AM #28:	philsov posted... However, waltzing up to a car dealership with enough cash to buy a good-but-used car on the spot will give me some negotiation leverage, to the point where is can likely knock off several thousand from the price, which might favor a "cash now" option. Man, I hate haggling. I have a buddy who loves to bargain and haggle. Dude loves to shamelessly lowball everyone. The dude just doesn't give a shit if he looks completely unreasonable when he gives an offer. Doesn't care that the person he's offering to him thinks he's insane. Guy is always dead serious, super confident and also very chilled when lowballing people. It's like he has 100 points in Speech. --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>VeggetaX posted [p:982714205] in This sound... [t:80874379]...</cite> <quote>philsov posted... </cite><quote>However, waltzing up to a car dealership with enough cash to buy a good-but-used car on the spot will give me some negotiation leverage, to the point where is can likely knock off several thousand from the price, which might favor a "cash now" option.</quote>Man, I hate haggling. I have a buddy who loves to bargain and haggle. Dude loves to shamelessly lowball everyone. The dude just doesn't give a shit if he looks completely unreasonable when he gives an offer. Doesn't care that the person he's offering to him thinks he's insane. Guy is always dead serious, super confident and also very chilled when lowballing people. It's like he has 100 points in Speech.</quote> ... Copied to Clipboard!
royic 10/29/24 11:24:25 AM #29:	philsov posted... my long standing ETFs have gotten me ~10% growth year over year (<3 vanguard). My car interest is <10%. It is profitable for me to get the car on credit, and the cash I would have used to buy the car to instead be invested. After 4 years, I'll have gained more by not buying in cash on the spot. However, waltzing up to a car dealership with enough cash to buy a good-but-used car on the spot will give me some negotiation leverage, to the point where is can likely knock off several thousand from the price, which might favor a "cash now" option. what if you had bought a much cheaper car and invested that difference tho --- binga <cite>royic posted [p:982714229] in This sound... [t:80874379]...</cite> <quote>philsov posted... </cite><quote>my long standing ETFs have gotten me ~10% growth year over year (<3 vanguard). My car interest is <10%. It is profitable for me to get the car on credit, and the cash I would have used to buy the car to instead be invested. After 4 years, I'll have gained more by not buying in cash on the spot. However, waltzing up to a car dealership with enough cash to buy a good-but-used car on the spot will give me some negotiation leverage, to the point where is can likely knock off several thousand from the price, which might favor a "cash now" option.</quote>what if you had bought a much cheaper car and invested that difference tho</quote> ... Copied to Clipboard!
emblem-man 10/29/24 11:31:06 AM #30:	Yeah people are thinking it's either buying a car in cash or financing an expensive car. You can also just finance a cheaper car which is partly the idea behind the mindset. Don't extend yourself for a vehicle --- Harris-Walz 2024 https://imgur.com/gallery/o47SI9Y <cite>emblem-man posted [p:982714306] in This sound... [t:80874379]...</cite> <quote>Yeah people are thinking it's either buying a car in cash or financing an expensive car. You can also just finance a cheaper car which is partly the idea behind the mindset. Don't extend yourself for a vehicle</quote> ... Copied to Clipboard!
ai123 10/29/24 11:47:35 AM #31:	What if I want a nice car because I want to enjoy my life now in my prime, rather than having to wait until I'm so old I need help going to the toilet? --- 'Vinyl is the poor man's art collection'. Let in the refugees, deport the racists. <cite>ai123 posted [p:982714495] in This sound... [t:80874379]...</cite> <quote>What if I want a nice car because I want to enjoy my life now in my prime, rather than having to wait until I'm so old I need help going to the toilet?</quote> ... Copied to Clipboard!
LeTigre 10/29/24 11:52:44 AM #32:	If Dave Ramsey says something, theres three possibilities: its just flat out wrong and idiotic it might have been accurate 40 years ago but holds no relevance now its an extreme oversimplification. --- The world's a mess and yr my only cure (formerly BrohammedAli) <cite>LeTigre posted [p:982714565] in This sound... [t:80874379]...</cite> <quote>If Dave Ramsey says something, theres three possibilities:its just flat out wrong and idioticit might have been accurate 40 years ago but holds no relevance nowits an extreme oversimplification. </quote> ... Copied to Clipboard!
theAteam 10/29/24 11:56:47 AM #33:	As someone that pays way too much for his vehicle he's not wrong about it but between interest rates going up the last few years as well as inflation cars aren't exactly easy to just buy straight cash anymore or get a low payment for anything other than a beater you'll be dumping thousands in anyway to keep on the road. --- Buffalo Bills <cite>theAteam posted [p:982714620] in This sound... [t:80874379]...</cite> <quote>As someone that pays way too much for his vehicle he's not wrong about it but between interest rates going up the last few years as well as inflation cars aren't exactly easy to just buy straight cash anymore or get a low payment for anything other than a beater you'll be dumping thousands in anyway to keep on the road.</quote> ... Copied to Clipboard!
FL81 10/29/24 1:06:54 PM #34:	He is 100% right in this specific instance. --- https://i.imgur.com/TGkNCva.gif https://i.imgur.com/8mWCvA4.gif <cite>FL81 posted [p:982715584] in This sound... [t:80874379]...</cite> <quote>He is 100% right in this specific instance.</quote> ... Copied to Clipboard!
emblem-man 10/29/24 1:45:04 PM #35:	ai123 posted... What if I want a nice car because I want to enjoy my life now in my prime, rather than having to wait until I'm so old I need help going to the toilet? Then get the nice car. But it is financially not a smart choice. And that's fine!! We don't make only smart financial choices, but someone should be truthful to themselves that "I got this car because it looks badass and I want it now even though there are better ways to spend the money." My thing is, people should find out what items they want to splurge on, and what they want to be cheap on. For some it's a car, for others it's luxurious ski trips every year, for some it's clothes, and for some it's their house. Figure out and understand the tradeoffs. I think the option isn't only "buy the car now at 25 vs. at 60". You can also buy it at 40 or something --- Harris-Walz 2024 https://imgur.com/gallery/o47SI9Y <cite>emblem-man posted [p:982716143] in This sound... [t:80874379]...</cite> <quote>ai123 posted... </cite><quote>What if I want a nice car because I want to enjoy my life now in my prime, rather than having to wait until I'm so old I need help going to the toilet?</quote>Then get the nice car. But it is financially not a smart choice. And that's fine!! We don't make only smart financial choices, but someone should be truthful to themselves that "I got this car because it looks badass and I want it now even though there are better ways to spend the money." My thing is, people should find out what items they want to splurge on, and what they want to be cheap on. For some it's a car, for others it's luxurious ski trips every year, for some it's clothes, and for some it's their house. Figure out and understand the tradeoffs.I think the option isn't only "buy the car now at 25 vs. at 60". You can also buy it at 40 or something </quote> ... Copied to Clipboard!
emblem-man 10/29/24 1:50:27 PM #36:	theAteam posted... As someone that pays way too much for his vehicle he's not wrong about it but between interest rates going up the last few years as well as inflation cars aren't exactly easy to just buy straight cash anymore or get a low payment for anything other than a beater you'll be dumping thousands in anyway to keep on the road. Yeah the buying in straight cash is just bad Ramsey advice that can be ignored. The overall idea of not extending yourself on a car payment should be the main takeaway. --- Harris-Walz 2024 https://imgur.com/gallery/o47SI9Y <cite>emblem-man posted [p:982716219] in This sound... [t:80874379]...</cite> <quote>theAteam posted... </cite><quote>As someone that pays way too much for his vehicle he's not wrong about it but between interest rates going up the last few years as well as inflation cars aren't exactly easy to just buy straight cash anymore or get a low payment for anything other than a beater you'll be dumping thousands in anyway to keep on the road.</quote>Yeah the buying in straight cash is just bad Ramsey advice that can be ignored. The overall idea of not extending yourself on a car payment should be the main takeaway. </quote> ... Copied to Clipboard!
VeggetaX 10/29/24 2:12:30 PM #37:	Ngl tho my next car is probably gonna be like a 2018 Camry that I'm gonna cash --- Don't like it? Don't watch it. It's that simple Dictator of Nice Guys <cite>VeggetaX posted [p:982716531] in This sound... [t:80874379]...</cite> <quote>Ngl tho my next car is probably gonna be like a 2018 Camry that I'm gonna cash</quote> ... Copied to Clipboard!
eggcorn 10/29/24 2:16:23 PM #38:	royic posted... This is correct. Do everything you can not to take out credit to buy a depreciating asset. --- Warning: This post may contain triggering or distressing content. <cite>eggcorn posted [p:982716585] in This sound... [t:80874379]...</cite> <quote>royic posted... </cite><quote>This is correct. Do everything you can not to take out credit to buy a depreciating asset.</quote></quote> ... Copied to Clipboard!
Shamino 10/29/24 2:25:10 PM #39:	Starks posted... It's not debt free, it's cut-to-the-bone austerity I think it's cut to the bone austerity because his audience needs that. People who know how to save money or are rich aren't listening to him for financial advice. It's people who make questionable financial decisions and are in trouble that listen to him. --- Switch/PC 16 GB 6700k RTX 3080 Cards/Suns/Former Celtics/Diamondbacks/ASU Fan <cite>Shamino posted [p:982716706] in This sound... [t:80874379]...</cite> <quote>Starks posted... </cite><quote>It's not debt free, it's cut-to-the-bone austerity</quote>I think it's cut to the bone austerity because his audience needs that. People who know how to save money or are rich aren't listening to him for financial advice. It's people who make questionable financial decisions and are in trouble that listen to him.</quote> ... Copied to Clipboard!
YellowSUV 10/29/24 10:49:42 PM #40:	ReturnOfDevsman posted... If you can buy either in cash, it probably doesn't make a whole lot of difference per mile whether you buy new or used. New cars notoriously depreciate a lot faster, but they also require a lot less maintenance. If 101-level economics actually work, the price should reach equilibrium naturally. But if you can buy a new car in cash, well, more power to you. New cars do depreciate, but the depreciation is not even close to how it was in the past. In the early 2000s I bought a 9 year old car for $2,000. The MSRP on the car when it sold was about $27,000 in early 1990s money. Good luck getting a deal like that nowadays unless the car is a total pile of junk. --- We all live in a Yellow SUV! a Yellow SUV! <cite>YellowSUV posted [p:982723415] in This sound... [t:80874379]...</cite> <quote>ReturnOfDevsman posted... </cite><quote>If you can buy either in cash, it probably doesn't make a whole lot of difference per mile whether you buy new or used. New cars notoriously depreciate a lot faster, but they also require a lot less maintenance. If 101-level economics actually work, the price should reach equilibrium naturally.But if you can buy a new car in cash, well, more power to you.</quote>New cars do depreciate, but the depreciation is not even close to how it was in the past. In the early 2000s I bought a 9 year old car for $2,000. The MSRP on the car when it sold was about $27,000 in early 1990s money. Good luck getting a deal like that nowadays unless the car is a total pile of junk.</quote> ... Copied to Clipboard!
TheGoldenEel 10/29/24 10:53:19 PM #41:	there's something factually incorrect in this statement "no one cares what kind of car you drive" I care what kind of car I drive --- BLACK LIVES MATTER Games: http://backloggery.com/wrldindstries302 \\ Music: http://www.last.fm/user/DrMorberg/ <cite>TheGoldenEel posted [p:982723443] in This sound... [t:80874379]...</cite> <quote>there's something factually incorrect in this statement"no one cares what kind of car you drive"I care what kind of car I drive</quote> ... Copied to Clipboard!
Luigi_and_Tails 10/29/24 11:04:04 PM #42:	TheGoldenEel posted... I care what kind of car I drive 100%. I just mentioned this on another topic - I drive what I drive because I love that particular vehicle. Okay, slightly different take but the point stands. Too many people buy new cars on the never never just because they can, and then wonder why they can't save anything because they're paying 500 a month for a car they don't own. Meanwhile the sensible person weighs their options up and thinks oh, if I save that money for 6 months then I've got 2500 to buy a Fiesta ST if I want to be sporty, an Insignia if I want to be boring, or a CLS500 if I want to gamble. I remember when a colleague had just rented a Rav4 - in 5 months of rent he'd have paid for my R320 fully. He had 48 months, so could have bought 9 of my Mercs. And he was so disappointed when he saw that my Merc was cheaper, quicker, more toys, again the whole 9 yards. --- No, I'm not that one. <cite>Luigi_and_Tails posted [p:982723551] in This sound... [t:80874379]...</cite> <quote>TheGoldenEel posted... </cite><quote>I care what kind of car I drive</quote>100%. I just mentioned this on another topic - I drive what I drive because I love that particular vehicle. Okay, slightly different take but the point stands. Too many people buy new cars on the never never just because they can, and then wonder why they can't save anything because they're paying 500 a month for a car they don't own.Meanwhile the sensible person weighs their options up and thinks oh, if I save that money for 6 months then I've got 2500 to buy a Fiesta ST if I want to be sporty, an Insignia if I want to be boring, or a CLS500 if I want to gamble.I remember when a colleague had just rented a Rav4 - in 5 months of rent he'd have paid for my R320 fully. He had 48 months, so could have bought 9 of my Mercs. And he was so disappointed when he saw that my Merc was cheaper, quicker, more toys, again the whole 9 yards.</quote> ... Copied to Clipboard!
Jiek_Fafn 10/29/24 11:17:55 PM #43:	That's roughly the payment on a $28k car if you put a reasonable $4k down. That's not fancy. That's a fucking Civic or something. --- I don't believe in belts. There should be no ranking system for toughness. <cite>Jiek_Fafn posted [p:982723688] in This sound... [t:80874379]...</cite> <quote>That's roughly the payment on a $28k car if you put a reasonable $4k down. That's not fancy. That's a fucking Civic or something.</quote> ... Copied to Clipboard!
Luigi_and_Tails 10/29/24 11:21:57 PM #44:	Jiek_Fafn posted... That's roughly the payment on a $28k car if you put a reasonable $4k down. That's not fancy. That's a fucking Civic or something. My point exactly. I have a Civic. It cost me 5000. --- No, I'm not that one. <cite>Luigi_and_Tails posted [p:982723733] in This sound... [t:80874379]...</cite> <quote>Jiek_Fafn posted... </cite><quote>That's roughly the payment on a $28k car if you put a reasonable $4k down. That's not fancy. That's a fucking Civic or something.</quote>My point exactly. I have a Civic. It cost me 5000.</quote> ... Copied to Clipboard!
Paragon21XX 10/29/24 11:26:56 PM #45:	Imagine listening to advice from Dave "Out of Touch with Reality" Ramsey. --- Politicians are the weeds of the galaxy. <cite>Paragon21XX posted [p:982723773] in This sound... [t:80874379]...</cite> <quote>Imagine listening to advice from Dave "Out of Touch with Reality" Ramsey.</quote> ... Copied to Clipboard!
Ubergeneral3 10/29/24 11:29:23 PM #46:	it's evil to require something like a car and then to overcharge for it. America was shaped by the auto and big oil. The reason why it's built the way it is, is because big auto wanted it to be. In every other country you can live without a car. There are trains and other mass transit. But towns in america are spaced out and homes are isolated. No where is walkible. Capitalism makes you overworked and underpaid while keeping out isolated. There is no community and the reason why it's built this way is because of capitalism. --- RIP CE. This decision to close social boards will be the end of Gamefaqs. <cite>Ubergeneral3 posted [p:982723794] in This sound... [t:80874379]...</cite> <quote>it's evil to require something like a car and then to overcharge for it.America was shaped by the auto and big oil. The reason why it's built the way it is, is because big auto wanted it to be. In every other country you can live without a car. There are trains and other mass transit. But towns in america are spaced out and homes are isolated. No where is walkible. Capitalism makes you overworked and underpaid while keeping out isolated. There is no community and the reason why it's built this way is because of capitalism. </quote> ... Copied to Clipboard!
Euripides 10/29/24 11:36:04 PM #47:	I've owned 6 or 7 different cars and never had a car payment above $330/mo --- he/him/his <cite>Euripides posted [p:982723856] in This sound... [t:80874379]...</cite> <quote>I've owned 6 or 7 different cars and never had a car payment above $330/mo</quote> ... Copied to Clipboard!
rick_alverado 10/29/24 11:38:06 PM #48:	It would take me years to save up to buy a car in cash, but I also wouldn't be able to consistently afford car payments of pretty much any amount, not to mention car insurance and gas money, so I just don't own a car. I am lucky enough that I'm generally able to borrow either my roommate's car or my mom's car when I need one, but even if that wasn't an option I'd just have to make it work. I've done so before. <cite>rick_alverado posted [p:982723874] in This sound... [t:80874379]...</cite> <quote>It would take me years to save up to buy a car in cash, but I also wouldn't be able to consistently afford car payments of pretty much any amount, not to mention car insurance and gas money, so I just don't own a car. I am lucky enough that I'm generally able to borrow either my roommate's car or my mom's car when I need one, but even if that wasn't an option I'd just have to make it work. I've done so before.</quote> ... Copied to Clipboard!
kingdrake2 10/29/24 11:50:49 PM #49:	YellowSUV posted... If you have an old car that works and is paid off my uncle paid off that car with his income tax only for it to "crap out" a few months before he died. think his loan was 6k dollars took many years to pay off. --- currently playing: nickelodeon kart racers 3: slime speedway (daily until disc arrives) RIP Sophie the dog: February 2011-april 2024. we'll miss you alot. <cite>kingdrake2 posted [p:982723988] in This sound... [t:80874379]...</cite> <quote>YellowSUV posted...</cite><quote>If you have an old car that works and is paid off</quote>my uncle paid off that car with his income tax only for it to "crap out" a few months before he died.think his loan was 6k dollars took many years to pay off.</quote> ... Copied to Clipboard!
Rika_Furude 10/29/24 11:56:27 PM #50:	I mean it is cheaper to buy a junker rather than buy new. If it needs repairs more often, its still cheaper long term than a brand new car. If you cant afford to buy like a $5000 or less car, then yeah youre stuck in a debt trap and thats unfortunate if youre driving a different car because you want to, then fine. At that point its not purely a financial decision - factors other than money are in play <cite>Rika_Furude posted [p:982724032] in This sound... [t:80874379]...</cite> <quote>I mean it is cheaper to buy a junker rather than buy new. If it needs repairs more often, its still cheaper long term than a brand new car. If you cant afford to buy like a $5000 or less car, then yeah youre stuck in a debt trap and thats unfortunate if youre driving a different car because you want to, then fine. At that point its not purely a financial decision - factors other than money are in play</quote> ... Copied to Clipboard!
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Current Events > This sound financial correct? (+) Yeah! (+)

Current Events > This sound financial correct?