does anyone own their car?

[antuanstylar]

thats your personal opinion and i respect that, i see it in another view to you, all to their own

[holdens_r_better]

I dont think i will get a loan i dont like payin banks money they just rip ya off and i feel happy payin somethin in full

[Warpspeed]

The bastards get you three ways:

1/ Income tax. Originally levied by government to finance wars, it is now just mass plunder and a rip off.

2/ Interest payments. We have been brainwashed to believe that everyone MUST borrow just to have any sort of a life at all. So the banks reap the interest from you, but only if you let them.

3/ Inflation. The amount of money in circulation is gradually increased in such a way that your savings are eroded. The bastard banks can print a fifty dollar note for a couple of cents, and use it to buy fifty dollars worth of real assets for themselves.

The crooks (Federal Reserve Bank) will tell you they are raising interest rates to dampen the economy which is becoming overheated. Or lower interest rates to stimulate the economy.

It is like a vampire saying we are now sucking more of your blood because you are becoming too healthy, and we want as much blood as we can get without actually killing you. Or you are becoming very sick, so we will reduce our blood sucking and let you recover a bit, before we increase it again later.

Is it any wonder that a great many people work all their lives to pay off loans, and taxation, only to retire into poverty on the old age pension.

If the first step to financial independence is saving, the second step is understanding how the bank money fraud works. It will truly shock you what you will find out.

[Duncan]

Well, to help cheer you up, at least amounts you pay for 2 reduce the amount of 1.

BTW, I don't own my own car, house even wife. I do own a couple of companies that own those things instead (well except perhaps the wife)

[red900ss]

Originally posted by Duncan

BTW, I don't own my own car, house even wife.  I do own a couple of companies that own those things instead (well except perhaps the wife)

She's on an Operating lease isn't she Duncan??? :bahaha:

/me ducks and runs from Kel....

[Duncan]

/me deletes my comment, what was I thinking!

[SS8_Gohan]

hey warspeed, long time mate. I remember having a good chat last year about cars etc, but i'm in quite a diff position now tho. I'm 19, and have saved up about $21K now (didn't realise i'd be getting about $1k tax back, can't believe i was overtaxed so much) trying to decide between a R34 GT-T or Investment property with my dad. Altho, a commerical property is looking the goods at the moment.

What do u think i should do with the money i've saved up?? Get the car and wait for the property market to settle down a bit? And then start saving for a deposit again when it does settle down? Or do something completely different? I've been advised by a lot of ppl here to go the property route, and i've been giving a truckload of good advice, but would be interested to see what u think?

On topic, i work for the ANZ, in credit card fraud, see some ppl get into quite a bit of trouble borrowing money, so i'm kinda of the school, if u don't have the money, don't get it. But yes, there are situations where borrowing is the only option.

cheers.

[SmoothLine]

Why would you own your car?

there is little to no benefit by owning a car outright... Is the worst investment you can make... In my opinion...

[badman]

Why would you own your car?

how do you have yours then? thru a lease?

[Guest Batshane]

Originally posted by red900ss

At the end of the day you have a wife and two kids, more than some people will ever have.

Thanks Fella's, you are right, i am very lucky to have my family. And as for the study i am studying justice to join the cops, so i will be getting a better wage if i make it in.

Up on the coast here if you don't have qualifications, the wage is pretty shit. Its hard to have a family on a single income of only $25k a year.

[fooey]

Cops make pretty good salaries...

2 years and then the AWARD (they get more for overtime etc) is already 58k.

So much for the days when IT paid big bucks (I'm in IT btw) - I should join the police force

[holdens_r_better]

What do you do in IT i was lookin at doin multimedia

[WazR32GTSt]

Originally posted by SmoothLine

Why would you own your car?

there is little to no benefit by owning a car outright... Is the worst investment you can make... In my opinion...

i like to own the food i eat and the clothes i wear. also, the car i drive. they're mine! mine i tell you! not the bank's...

and by the way, a car is not an investment unless its some sort of historical car.

you are right - if u were buying to invest then its a shocker of a decision

[SS8_Gohan]

exactly u don't buy a car as an investment, i think we all know cars depreciate. But think of the enjoyment u are getting out of what u own/pay off?? I would KILL to have a skyline as daily driver, surely that satisfaction must mean more than losing a few grand on it a year, i'd like to think so anyway.

cheers.

[YBSLO4]

The problem with everything at the moment is prices seem to be going up but wages aren't. As always it takes time for everything else to follow suit to fit the demands of inflating prices on living. With all the new taxes and sh*t the government is imposing on everything is making the cost of living a lot higher, therefore making it harder for people to afford other the things they need i.e. a place to live, a car whatever. The increase in property prices have jumped lately again and is happening all over the country not just in sydney. I know in Melbourne things such as new freeway extensions and ne wshopping centers are boosting market prices in the vacinty to these facilities enormously. But also down along the surfcoast at Torquay prices of houses and land are jumping fast as there is a increasing demand for development of houses in the area. Its like anything tho why look at what you can't afford? Yes we all know it would be nice to live on Southgate in Melbourne, or on a beach front house in Brighton... but the fact of life is not all of us are lucky enough to afford that kinda life. So look at what you can afford, cos there is plenty of very very nice houses in areas that might not particularly be what you want but are still a damn good house, and if was in any other suburb would sell for tripple the amount. There are plenty of suburbs on the outskirts of well sort after suburbs that i would definately live in and at half the cost!! Whats the point in working your ass to the bone to pay off a 600K house which realistically will tak you most of your life, then by the time you finish paying it off you sittin there and old person, with a wasted life? The feeling of owning your own house is only as good as you make.

[dojobi]

Originally posted by Zoix

like a porche gts done up to beat anthing.

LOL. Now THAT is an investment.

[G0DF4Th3R]

i own a house outright as an investment

i own my car outright as a toy

i have money sitting in fixed deposit too earning interest

basically, i have a group of friends who started businesses after high school. we're all in the 20-25 year old range and some of them are doing extremely well, making 6 figures a year through numerous businesses.

to be honest, i'd rather be my own boss than to work under someone else. sure my liabilities and risk are higher but its the chance im willing to take and it does pay off if u do well

[riggaP]

I couldnt be stuffed waiting to save. I saved up half of what i needed in 12 months, got impatient, then borrowed the rest. Its a 5 year term which should be paid off within 18 months. As for the interest, it equates to about $500ish (for 18 months). Considering my car is still worth more than what i paid for it, therefore I'm still on top. Like Warpspeed said earlier, its all just number crunching.

I think its a little pathetic how people can judge others by how they pay for things. Everyone has their own reasons.