# We all love spending money on our cars, here is something to think about. **URL:** \ **Category:** Shift518 Off Topic\ **Created:** [December 5, 2007, 8:19am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186 "2007-12-05T08:19:27Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Vovchandr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/vovchandr/32/6275_2.png) [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)\ **Post date:** [December 5, 2007, 8:19am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/1 "2007-12-05T08:19:27Z")
![http://ww3.primerica.com/public/graphics/rule_of_72.gif](http://ww3.primerica.com/public/graphics/rule_of_72.gif) Works for savings and debt in the same way. The rule of 72. ---
**Author:** ![bennyfizzle](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bennyfizzle/32/6291_2.png) [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)\ **Post date:** [December 5, 2007, 11:53am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/2 "2007-12-05T11:53:33Z")
im confused ---
**Author:** ![K20power](https://avatars.discourse-cdn.com/v4/letter/k/41988e/32.png) [@K20power](https://forums.speedlife.net/u/K20power)\ **Post date:** [December 5, 2007, 11:55am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/3 "2007-12-05T11:55:23Z")
> [@bennyfizzle](#): > > im confused yeah :+1 :lol ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [December 5, 2007, 1:30pm UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/4 "2007-12-05T13:30:20Z")
^^^ Your money is worth far more in the future if invested properly, then you can imagine. Its referred to as a discount rate or the future value of money, bottom line is its shocking when you look at what a few thousand dollars invested over 40 years turns out to be at 12% As a 26 year old retiree, trust me saving will bring greater satisfaction then a car. Besides you can enjoy cars down the road, and they will be nicer cars ![http://www.acurazine.com/forums/images/smilies/rockstar.gif](http://www.acurazine.com/forums/images/smilies/rockstar.gif) ---
**Author:** ![4ADAM12](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/4adam12/32/6282_2.png) [@4ADAM12](https://forums.speedlife.net/u/4ADAM12)\ **Post date:** [December 5, 2007, 1:56pm UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/5 "2007-12-05T13:56:03Z")
As a 26 year old retiree, lol thats awesome you can say that and it’s not a lie. ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [December 5, 2007, 2:06pm UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/6 "2007-12-05T14:06:25Z")
> [@4ADAM12](#): > > As a 26 year old retiree, lol thats awesome you can say that and it’s not a lie. It may be true, though it doesn’t change the fact that I am terretos bitch ![http://www.acurazine.com/forums/images/smilies/sad.gif](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/9/5/953d7c609b675b572f422928eb0a9083ede7241f.gif) ---
**Author:** ![Vovchandr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/vovchandr/32/6275_2.png) [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)\ **Post date:** [December 5, 2007, 4:21pm UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/7 "2007-12-05T16:21:46Z")
So what are the interest rates right now for investement and for lending? ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [December 5, 2007, 5:10pm UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/8 "2007-12-05T17:10:39Z")
> [@Vovchandr](#): > > So what are the interest rates right now for investement and for lending? Varies greatly, my new half assed career is as a property developer and a venture banker, I also am doing some work with a hedge fund from Tel Aviv. Interest for lending or investing can vary from as little as 2% annually to 40+% annually. ---
**Author:** ![Vovchandr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/vovchandr/32/6275_2.png) [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)\ **Post date:** [December 5, 2007, 5:12pm UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/9 "2007-12-05T17:12:47Z")
> [@timmay](#): > > Varies greatly, my new half assed career is as a property developer and a venture banker, I also am doing some work with a hedge fund from Tel Aviv. Interest for lending or investing can vary from as little as 2% annually to 40+% annually. Well at 40% annual gain, you can take out a 10% loan and put that into the 40% savings =) wouldn’t that be nice Got enough careers going on? :lol ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [December 5, 2007, 7:29pm UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/10 "2007-12-05T19:29:27Z")
> [@Vovchandr](#): > > Well at 40% annual gain, you can take out a 10% loan and put that into the 40% savings =) wouldn’t that be nice > > Got enough careers going on? :lol Actually, what you mentioned is kind of what I do ![http://www.acurazine.com/forums/images/smilies/toocool.gif](http://www.acurazine.com/forums/images/smilies/toocool.gif) With everything I have going on I work a maximum of 5 hours a week. ---
**Author:** ![Vovchandr](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/vovchandr/32/6275_2.png) [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)\ **Post date:** [December 5, 2007, 7:55pm UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/11 "2007-12-05T19:55:48Z")
> [@timmay](#): > > Actually, what you mentioned is kind of what I do ![http://www.acurazine.com/forums/images/smilies/toocool.gif](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/0/2/02e00aaff89b3a1caf4c513e6d70c2e098c5a05e.gif) > > With everything I have going on I work a maximum of 5 hours a week. I’m in the wrong business. Months of work into the paper, thousands of dollars into related issues and the paper itself and just got a check for 39.99$ for advertising for next month. Im sure glad I enjoy it cause if not I’d be in trouble. ---
**Author:** ![bennyfizzle](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bennyfizzle/32/6291_2.png) [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)\ **Post date:** [December 6, 2007, 5:03am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/12 "2007-12-06T05:03:28Z")
how the shit did you retire at 26?! ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [December 6, 2007, 6:21am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/13 "2007-12-06T06:21:52Z")
> [@bennyfizzle](#): > > how the shit did you retire at 26?! Sold one of my businesses, the rest of my life takes very little time to manage and makes a ton more, it was designed that way. ---
**Author:** ![bennyfizzle](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bennyfizzle/32/6291_2.png) [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)\ **Post date:** [December 6, 2007, 7:34am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/14 "2007-12-06T07:34:13Z")
damn ---
**Author:** ![K20power](https://avatars.discourse-cdn.com/v4/letter/k/41988e/32.png) [@K20power](https://forums.speedlife.net/u/K20power)\ **Post date:** [December 6, 2007, 8:06am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/15 "2007-12-06T08:06:16Z")
> [@timmay](#): > > Sold one of my businesses, the rest of my life takes very little time to manage and makes a ton more, it was designed that way. so how did you to that all by the age of 26? by this i mean how did you have your own business by 26, and sell it already by 26? ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [December 6, 2007, 8:43am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/16 "2007-12-06T08:43:37Z")
> [@K-20power](#): > > so how did you to that all by the age of 26? by this i mean how did you have your own business by 26, and sell it already by 26? Simply put, yes. I don’t want to monopolize this thread any further, I’ve derailed it enough already. I’m working on an autobiography(among a few other books) and will make everyone I know aware after its published to further understand my wacky life. ---
**Author:** ![JRubino](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jrubino/32/6285_2.png) [@JRubino](https://forums.speedlife.net/u/JRubino)\ **Post date:** [December 6, 2007, 9:23am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/17 "2007-12-06T09:23:16Z")
I’m 24 and haven’t even done nearly half of what you may have done. I don’t even think I can say half. Not many people at all can say they’ve accomplished all that, most people that have accomplished all that are in the 50’s and 60’s. Hat’s off to you, man ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [December 6, 2007, 10:17am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/18 "2007-12-06T10:17:09Z")
> [@JRubino](#): > > I’m 24 and haven’t even done nearly half of what you may have done. I don’t even think I can say half. Not many people at all can say they’ve accomplished all that, most people that have accomplished all that are in the 50’s and 60’s. Hat’s off to you, man Life is not a race, there is no prize for making it to the end first. Enjoy the ride and make the most of your time here, and thank you for the compliment. ---
**Author:** ![bennyfizzle](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bennyfizzle/32/6291_2.png) [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)\ **Post date:** [December 6, 2007, 11:15am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/19 "2007-12-06T11:15:34Z")
> [@timmay](#): > > Life is not a race, there is no prize for making it to the end first. Enjoy the ride and make the most of your time here, and thank you for the compliment. regardless you are in a very enviable position is enviable even a word :rofl ---
**Author:** ![GranMassaX](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/granmassax/32/6299_2.png) [@GranMassaX](https://forums.speedlife.net/u/GranMassaX)\ **Post date:** [December 6, 2007, 11:21am UTC](https://forums.speedlife.net/t/we-all-love-spending-money-on-our-cars-here-is-something-to-think-about/235186/20 "2007-12-06T11:21:25Z")
I had a house, two cars, and a full bar in my basement when I was 23… I thought I had it good, damn you!