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 physically being 21 again but knowing everything I know now at 28 and as my family 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 gonna just 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, strip clubs, EBAY, etc., and keep $6,000 in my bank and not even touch it.
That's what I would've done had I known what I know now.
What would you think of my decision had I done that?
2007-06-27 11:32:27 · 4 answers · asked by Anonymous in Business & Finance ➔ Insurance
My money was spent on a Honda CRX and a very large/loud home stereo. It is how we learn. All the advise in the world means very little next to some hard-learned lessons. The good part is that you got a great car out of it. The money is still there, just depreciated a bit (unless you totaled it with no insurance - which in the only reason I can see that you posted this question on the insurance board).
Good Luck with the future investments; you are already ahead of most 28 year olds by understanding that you need to save a little and live a little!
2007-06-27 15:54:20 · answer #1 · answered by JJ 5 · 0⤊ 0⤋
21 year olds are stupid, and naive, and usually a fast car is more important than a savings account at that age. Especially if you're a guy.
2007-06-27 12:04:51 · answer #2 · answered by Anonymous 7 · 0⤊ 0⤋
Get over it already.
2007-06-27 11:41:02 · answer #3 · answered by notyou311 7 · 0⤊ 0⤋
Well, you would have been $6000 richer
2007-06-27 11:40:48 · answer #4 · answered by Oscular 2 · 0⤊ 0⤋