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an extra $30,000...

Discussion in 'The Hokey Ass Message Board' started by bryceaugustine, Oct 26, 2011.

  1. so i work with this kid who lives at home and has a second job. he has about $30,000 extra sitting in his bank account that is buring a hole in his pocket. he currently drives a busted up 95 mustang. he is planning on buying a new jeep wrangler. he asked me what i would i do. i told him i would buy a used reliable vehicle that gets good gas millage. and then build a hot rod. he is entertaining the idea. we shall see what he will do.

    but the question i have. what really cool project would you get or finish with an extra 30K?

    id start by finishing the ones that i already have. then i find doner vehicles for some of the other things bouncing in my head. for instance a willys wagon with a modern day drivetrain, or a big 50s or early 60s cady. there is one more... something i dont ever think was built. sorry i gotta keep it under wraps for now.

    so what would you do?
     
  2. If he hasn't already attended college, he should first secure an education. If he already attended college, he should buy a house before prices and interest rates rise. Secure a future fist.......hot rods are a hobby.
     
  3. college done. house...he not interested right now. i tried.
     
  4. Wow. An "extra" $30,000 huh? And he's young?

    A car would be the last thing I would push him to spend it on. Invest now and buy all the cars you want when you get older. That's a heck of an advantage in this day and age.
     

  5. Gerrys
    Joined: May 1, 2009
    Posts: 327

    Gerrys
    Member

    Find a House with a outbuilding and put a down payment on it.
     
  6. Boeing Bomber
    Joined: Aug 5, 2010
    Posts: 1,079

    Boeing Bomber
    Member

    What would "I" do with a spare $30K? get outa' debt, and go back to Tahiti
     
  7. hotrod_32
    Joined: Mar 8, 2006
    Posts: 496

    hotrod_32
    Member

    Damm...I wish I had a extra $20 bucks ! Good for him ! thats what I say.
     
  8. TagMan
    Joined: Dec 12, 2002
    Posts: 6,068

    TagMan
    ALLIANCE MEMBER

    Reminds me of the old saw, "A fool and his money are soon parted".
     
  9. 1964countrysedan
    Joined: Apr 14, 2011
    Posts: 1,131

    1964countrysedan
    Member
    from Texas

  10. M.Edell
    Joined: Jun 5, 2009
    Posts: 4,157

    M.Edell
    Member

    personally, Id use it to flip a bunch of cars and make that $30K into $100K.Its worked for me..
     
  11. Dreddybear
    Joined: Mar 31, 2007
    Posts: 5,982

    Dreddybear
    Member

    He should stash it and buy a $5,000 50's car, get into the world, learn some shit, then go build his dream car. His tastes will have evolved to what he really wants and not what he thinks is cool now, which will sure as shit change.
     
  12. derbydad276
    Joined: May 29, 2011
    Posts: 1,321

    derbydad276
    Member


    THIS!!!!!!!


    please dont let him blow 30 k on a P.O.S. jeep cherokee

    new cars are the worst thing to spend money on
    I learned my lesson 23 years ago since then all I buy is newer used
    and save 40% off the sticker price
     
  13. Moe
    Joined: Dec 2, 2003
    Posts: 197

    Moe

    Amen Brother !!!!! Preach It !!!
     
  14. BISHOP
    Joined: Jul 16, 2006
    Posts: 2,571

    BISHOP
    Member

    Couldnt have said it better.
     
  15. What fun is that!? ;)

    You mean partyING?

    IMO, there is no such thing as "extra" money. Plan as far ahead as you want, but the bottom line is what you've done along the way...
     
  16. Edelbroke
    Joined: Dec 12, 2008
    Posts: 767

    Edelbroke
    Member

    I have a nice 55 Chevy I will sell him. Good investment.
     
  17. BISHOP
    Joined: Jul 16, 2006
    Posts: 2,571

    BISHOP
    Member

    I have had some crazy times, unbelievable stories in my life........ with no money.
     
  18. Red Dragon Racing
    Joined: Nov 17, 2008
    Posts: 146

    Red Dragon Racing
    Member
    from Indiana

    If he's into buying a Jeep, tell him to get one that has a little experince on it. I drive an '88 Wrangler everyday and it has an old AMC 258 with 185k miles on it. Wouldn't trade it any newer fancy car. I didn't pay much for it and save my money for car and motorcycle projects. Why spend everything on one new daily driver when you can have a little of everything?
     
  19. i agree with dreddybear. and some of you others. i treid on the house thing. he dont wanna do that now. he has other money in savings and investments. hes gona sped this money on a vehicle. maybe not all of it but a good chunck.

    lets ignoring the smart of responcible thing to do. what do we want to do.
     
  20. SOCAL PETE
    Joined: Oct 19, 2006
    Posts: 1,205

    SOCAL PETE
    Member
    from Ramona CA

    Place it in a money market account. Act like it is not there and start another saving account for a hot rod or car of his choice.
     
  21. slammed
    Joined: Jun 10, 2004
    Posts: 8,152

    slammed
    Member

    College was already mentioned/done that. He is going to buy a decent milage car. Not 30 g's on a jeep. Tech school at night to learn a trade would be ideal. Investing money today is suicide. The chain of events in Europe are already here.
     
  22. Fatbob309
    Joined: Jan 1, 2009
    Posts: 491

    Fatbob309
    Member

    going to school doesn't do much for you any more. I have 4 people that are on the team I manage that have a BS or Masters degree. They work the same job as the 20 something kid that is still in school. I have a few friends that never went to school but make well over 100K a year because they can code and do IT work.
    As far as a house... People keep saying "now is a great time to buy" They said that two years ago and the houses on my block went down another 20K.
     
  23. Not arguing THAT point at all. When we're lying down...and NOT getting up again, the only thing that matters is our memories. What good is a ton of money in the bank if you haven't lived?

    Note: This is a particular sore subject with me; as one of my best friends from college has chosen this life path...won't even go out to eat. He's pushing 50 and what has all the scrimping got him? NOTHING. He has no kids to leave it to and has pretty much alienated everyone he knows by being a total miser... Hate to see it.

    Rant over...
     
  24. MISFIT 1
    Joined: Apr 18, 2011
    Posts: 50

    MISFIT 1
    BANNED

    I used to have an extra 30,00 until I bought my car, Now there is no such thing as extra money.
     
  25. spot
    Joined: Jun 10, 2009
    Posts: 204

    spot
    Member
    from usa

    have him give it to me. I need more shop space!
     
  26. dang....with an extra 30k I'd probably put an injected 409 in my '55 instead of a sbc. I'd probably also finish a few of my gas pump projects....and still have cash to spare!
     
  27. badshifter
    Joined: Apr 28, 2006
    Posts: 3,278

    badshifter
    Member

    Buy long term food, ammo, gold, a beater car and a hooker.
     
  28. Go for the house with a big garage in the back behind a gate where the neighbors can't see what he is working on. Interest rates are low and housing prices are low. Lock in a 30 year fixed rate loan. At the rate the government is printing money inflation is just around the corner.

    Charlie Stephens
     
  29. 1941ihkb5
    Joined: Feb 19, 2009
    Posts: 338

    1941ihkb5
    Member

    An extra 30,000 Id build my shop or buy 30 $1000 hamb friendly cars!
     
  30. six pack to go
    Joined: Aug 2, 2008
    Posts: 1,938

    six pack to go
    Member
    from new jersey

    He must be part of the 1% those idiots on Wall Street are protesting!!! Live once, buy whatever hot rod gets you laid! O, I forgot...none of em do...hahahaha
     

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