Skinny
March 13, 2009, 8:01am
28
$12,000 at 16? How nice.
If you’re serious about success, you’ll buy a reliable Camry, invest the rest of the money into short or long term fund (mutuals, GICs, etc etc), finish school with top grades, pull the money out of your aforementioned savings and complete post-secondary with no debt.
Now that…that my friend, is worth more than any modified/tune/suped up car you can build.
Your car will be a money sink. Unless you are lucky enough to have wealthy parents, take the advice of the experienced - don’t sink your money into a liability that will continue to depreciate.
That is the advice I wish I had taken…
But hey…what do I know.
wish i had taken that advice too. now i have alot of debt. and nothing to show for it.
get good grades and buy a reliable car. stop dreaming of the F&F life.