Don't waste your money on a car. You will make a s
Post# of 41414
Posted On: 02/16/2015 9:53:40 PM
Re: Hootavoota #10689
Don't waste your money on a car. You will make a small fortune by investing, not by spending, so why blow it on a douchebagmobile? Buy a Prius.
Here's an interesting thought: suppose you make $250K after taxes. Take that and grow it at 2% per month for 5 years (really not that hard...).
$820,257.70
Now you can buy your Lambo and still have almost half a mill left over. OR...
You can grow that $820K @ 1% per month and make over $100K in additional income per year. PSEC is a great example of a stock that'll pay you a 1% monthly dividend, which, compounded, equates to $104K in dividends for $820K invested. And you'll be paying less in taxes after a couple months (qualified dividends get taxed at MOST 20%).
So, buy a Lambo now and cut $400K out of your net worth (actually about $800K over the life of the car when you factor in the loan interest, fuel, maintenance, insurance and repairs.) Or, you can double quadruple your money in 5 years and collect a six figure low-tax salary forever.
Sorry to be an ass.
Here's an interesting thought: suppose you make $250K after taxes. Take that and grow it at 2% per month for 5 years (really not that hard...).
$820,257.70
Now you can buy your Lambo and still have almost half a mill left over. OR...
You can grow that $820K @ 1% per month and make over $100K in additional income per year. PSEC is a great example of a stock that'll pay you a 1% monthly dividend, which, compounded, equates to $104K in dividends for $820K invested. And you'll be paying less in taxes after a couple months (qualified dividends get taxed at MOST 20%).
So, buy a Lambo now and cut $400K out of your net worth (actually about $800K over the life of the car when you factor in the loan interest, fuel, maintenance, insurance and repairs.) Or, you can double quadruple your money in 5 years and collect a six figure low-tax salary forever.
Sorry to be an ass.
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