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SVTPerformance's Chain of Restaurants
Road Side Pub
Paying off debt
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<blockquote data-quote="nxhappy" data-source="post: 16502355" data-attributes="member: 50238"><p>cars are a killer man. and really, NO ONE needs a brand new car. Honestly the older shit is more reliable anyway. my buddy bought a brand new jeep, $60k after all said and done. Payment about $700 a month. When people do this shit I think why in gods name did you do that? Most cars depreciate FAST in value. If you "need" a newer car, but something 5 or 6 years old. that way you aren't taking the depreciation. $700 on a car loan is pretty crazy considering most mortgages are 1200 to 2000. </p><p></p><p>That being said my adivse to YOU op.....open open a roth IRA or stock account, if you have not already. Use that extra money and dump it in those accounts. for roth the max is 6000 per year. Stock account or 401 there is no limit. Stick with large cap stocks AKA apple, microsoft, amazon, google, walmart, google...the companies making billions. Also stick with s&p500 companies and index.</p></blockquote><p></p>
[QUOTE="nxhappy, post: 16502355, member: 50238"] cars are a killer man. and really, NO ONE needs a brand new car. Honestly the older shit is more reliable anyway. my buddy bought a brand new jeep, $60k after all said and done. Payment about $700 a month. When people do this shit I think why in gods name did you do that? Most cars depreciate FAST in value. If you "need" a newer car, but something 5 or 6 years old. that way you aren't taking the depreciation. $700 on a car loan is pretty crazy considering most mortgages are 1200 to 2000. That being said my adivse to YOU op.....open open a roth IRA or stock account, if you have not already. Use that extra money and dump it in those accounts. for roth the max is 6000 per year. Stock account or 401 there is no limit. Stick with large cap stocks AKA apple, microsoft, amazon, google, walmart, google...the companies making billions. Also stick with s&p500 companies and index. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Paying off debt
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