footballfan1990124
footballfan1990124
BMR Member
- Joined
- Nov 20, 2024
- Messages
- 31
If this is life-changing money to you, then in my opinion, I would not spend it on a vehicle, just a quick thought.It's all good brother!!!
Good shit.Hit for a life changing money, been consistent and studied My ass off . Which a
If this is life-changing money to you, then in my opinion, I would not spend it on a vehicle, just a quick thought.
@footballfan1990124 listen to this man he knows a thing or two about money and how to keep it.Stupidest thing anyone can do is score a big win and toss it all on a depreciating asset that is costly to maintain.
Cars easily fit that in general - but homes can too.
There’s a time and place for them of course - and that times AFTER you have built a cash flow stream and have a solid amount in the bank.
How many people rush out to buy a nice home after a lotto win - only to be in the street a few years later. Taxes/insurance ain’t free and on a nice home add up quickly.
Now if you wanna lose your ass quickly - buy yourself a boat. Nothing screams CHUMP like the guy pulling into the marina with a brand new boat on a trailer. $5 a gallon gas - stupid maintenance cost and you’ll use it 4 weekends a year typically.
Guy wins $100,000 and wants to buy a car he can't afford to maintain.Stupidest thing anyone can do is score a big win and toss it all on a depreciating asset that is costly to maintain.
Cars easily fit that in general - but homes can too.
There’s a time and place for them of course - and that times AFTER you have built a cash flow stream and have a solid amount in the bank.
How many people rush out to buy a nice home after a lotto win - only to be in the street a few years later. Taxes/insurance ain’t free and on a nice home add up quickly.
Now if you wanna lose your ass quickly - buy yourself a boat. Nothing screams CHUMP like the guy pulling into the marina with a brand new boat on a trailer. $5 a gallon gas - stupid maintenance cost and you’ll use it 4 weekends a year typically.