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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.

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)

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....

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.

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.

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

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.

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.

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 :mad: and it does pay off if u do well

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.

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This is a huge worry for me, because my car is relatively low mileage (only 45k km when purchased) so although I plan to own the car for a long time, a mismatched odometer reading would be hugely detrimental to resale should the day come to sell the car. Thankfully this only occurred a mile or two from home so it wasn't extremely significant. Also, the OCD part of me would be extremely irked if the numbers that showed on my dash doesn't match the actual ageing of the car. Diagnosing I had been in communication with the well renown GTR shop in the USA, U.P.garage up near University Point in Washington state. After some back and forth they said it could be one of two things: 1) The speedometer sensor that goes into the transfer case is broken 2) The actual cluster has a component that went kaput. They said this is common in older Nissan gauge clusters and that would indicate a rebuild is necessary. As I tried to figure out if it was problem #1, I resolved problem #2 by sending my cluster over to Relentless Motorsports in Dallas, TX, whom is local to me and does cluster and ECU rebuilds. He is a one man operation who meticulously replaces every chip, resistor, capacitor, and electronic component on the PCB's on a wide variety of classic and modern cars. His specialty is Lexus and Toyota, but he came highly recommended by Erik of U.P.garage since he does the rebuilds for them on GTR clusters.  For those that don't know, on R32 and R33 GTR gearboxes, the speedometer sensor is mounted in the transfer case and is purely an analog mini "generator" (opposite of an alternator essentially). Based on the speed the sensor spins it generates an AC sine wave voltage up to 5V, and sends that via two wires up to the cluster which then interprets it via the speedometer dial. The signal does NOT go to the ECU first, the wiring goes to the cluster first then the ECU after (or so I'm told).  Problems/Roadblocks I first removed the part from the car on the underside of the transfer case (drain your transfer case fluid/ATF first, guess who found out that the hard way?), and noted the transfer case fluid was EXTREMELY black, most likely never changed on my car. When attempting to turn the gears it felt extremely gritty, as if shttps://imgur.com/6TQCG3xomething was binding the shaft from rotating properly. After having to reflow the solder on my AFM sensors based on another SAU guide here, I attempted to disassemble the silicone seal on the back of the sensor to see what happened inside the sensor; turns out, it basically disintegrated itself. Wonderful. Not only had the electrical components destroyed themselves, the magnetic portion on what I thought was on the shaft also chipped and was broken. Solution So solution: find a spare part right? Wrong. Nissan has long discontinued the proper sensor part number 32702-21U19, and it is no longer obtainable either through Nissan NSA or Nissan Japan. I was SOL without proper speed or mileage readings unless I figured out a way to replace this sensor. After tons of Googling and searching on SAU, I found that there IS however a sensor that looks almost exactly like the R33/260RS one: a sensor meant for the R33/R34 GTT and GTS-T with the 5 speed manual. The part number was 25010-21U00, and the body, plug, and shaft all looked exactly the same. The gear was different at the end, but knowing the sensor's gear is held on with a circlip, I figured I could just order the part and swap the gears. Cue me ordering a new part from JustJap down in Kirrawee, NSW, then waiting almost 3 weeks for shipping and customs clearing. The part finally arrives and what did I find? 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    • Bit of a pity we don't have good images of the back/front of the PCB ~ that said, I found a YT vid of a teardown to replace dicky clock switches, and got enough of a glimpse to realize this PCB is the front-end to a connected to what I'll call PCBA, and as such this is all digital on this PCB..ergo, battery voltage probably doesn't make an appearance here ; that is, I'd expect them to do something on PCBA wrt power conditioning for the adjustment/display/switch PCB.... ....given what's transpired..ie; some permutation of 12vdc on a 5vdc with or without correct polarity...would explain why the zener said "no" and exploded. The transistor Q5 (M33) is likely to be a digital switching transistor...that is, package has builtin bias resistors to ensure it saturates as soon as base threshold voltage is reached (minimal rise/fall time)....and wrt the question 'what else could've fried?' ....well, I know there's an MCU on this board (display, I/O at a guess), and you hope they isolated it from this scenario...I got my crayons out, it looks a bit like this...   ...not a lot to see, or rather, everything you'd like to see disappears down a via to the other side...base drive for the transistor comes from somewhere else, what this transistor is switching is somewhere else...but the zener circuit is exclusive to all this ~ it's providing a set voltage (current limited by the 1K3 resistor R19)...and disappears somewhere else down the via I marked V out ; if the errant voltage 'jumped' the diode in the millisecond before it exploded, whatever that V out via feeds may have seen a spike... ....I'll just imagine that Q5 was switched off at the time, thus no damage should've been done....but whatever that zener feeds has to be checked... HTH
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