Back in 2000 when I was 21 years old after just I blew my entire savings of $11,000, I knew I made a horrible mistake.
If I had to go through that time and so forth all over again being physically being 21 but knowing everything I know now at 28 and as some people around me advised that I should get that 1998 white Camaro with 24K miles because it's reliable, I would DEFINTIELY laugh in their faces now and tell them they've gotta be out of their God-damn minds and must think I'm an indiot if I'm just gonna blow my enitre savings of $11,000 away. I would ask them what the hell I'm doing on these new car lots and have them take me to a private seller and get a car for as cheap as $3000, keep $1,000 for tools and repairs, have fun with $1,000 on beer, girls, strip clubs, etc., and keep $6,000 in my bank and not even touch it.
That what I would've done had I known what I know now.
What would you think of my much better financial decision.
I WOULD'VE STILL HAD OVER $5,000!
2007-06-27 11:19:36 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
It's called grow older and wiser. Ten years from now and you look back at today, you wish you would have done things you do today differently too. So just live life the way you think it's best for you at this moment.
2007-06-27 11:31:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
At 4%, $6000 left Alone for 7 years would be around $7500. That would probably buy the '98 Camaro today an leave you with whatever you got for the $3000 car.
2007-06-27 19:29:03 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋