Should I Grow Up and Sell the Honda?

[OnURleft]

Just balance out what your doing. If you truly have a passion for something then by all means do it. Personally I love a rare set of wheels and a nice stance on my street car. All my cars will have this and I couldn't imagine rolling around without a car like that. It's like a necessity for me. If family is a priority then my desire for crazy engine parts and what not would be put on the shelf for the future. Even though I want that stuff I can always hold on to the money I have for other things that might come up (buisness opportunities etc to make more money), and not my hopes and desires to do more and more to my car.
Keep in mind, to get rich you have to invest your money in many places. Don't just keep dumping it into something that returns only emotional/sentimental satisfaction.
If I had boosted my car awhile ago I wouldn't of made near the money I did when I was 18 buying and seeing expensive parts for profit, nor would I have had the opportunities to invest in other things that I made money off of. I would've had a sick car, but the doors would've been closed for making more money until I could save up more money from work (which would've been hard as the expense to keep a 550whp car is somewhat high). The end result by not spending all that money was simply tons of cash after several months. By the time I was ready for college I had nearly $8,000 from investments, buying parts and flipping them and selling things for people I met along the way. On top of that I was making $300-500 a week working at my brothers restaurant. At that age I could literally do whatever a teenager could imagine, and I still had a relatively nice car, with a nice drop and BBS wheels I purchased long ago. Nothing crazy, but still got lots of compliments. There is no better feeling then being satisfied with what you have and having enough freedom to do what you wish, and enough cash to invest and make more as opportunities arise. Put a leash on your desires for your car, get what makes you happy (wheels, drop, maybe nice speakers and some bolt on's) and hold on to your money and watch it grow. I guarantee you you'll be more satisfied when that bank account is higher than it's ever been and you still have a clean, not over the top car.
Learn from me too. I just spent all of my money to build my dream car (my S54B32 E36 M3 project) and I regret it. Sure I still have enough money to go out and do almost what I want (i.e go out drinking, out to eat etc. etc), and i'll have my dream set up but i'm living cheaply and I calculated had I not spent 5 k on the motor, + 3k on all the performance parts my original $8,500 would've been around $12,000 by now with the investment opportunities I missed out on and my car would've still been very cool how it was. By the end of next summer I would've had nearly $20,000 as a full time student working part time at the rate I was making money previously. Sure my S52 M3 would've had 165,000 on it but it would still look damn good and run mid 13's. That and this huge pile of money that was growing and growing would've been way cooler than an 8500rpm 340whp N/A M3 and only enough money to get by.

[csmiths]

Just balance out what your doing. If you truly have a passion for something then by all means do it. Personally I love a rare set of wheels and a nice stance on my street car. All my cars will have this and I couldn't imagine rolling around without a car like that. It's like a necessity for me. If family is a priority then my desire for crazy engine parts and what not would be put on the shelf for the future. Even though I want that stuff I can always hold on to the money I have for other things that might come up (buisness opportunities etc to make more money), and not my hopes and desires to do more and more to my car.
Keep in mind, to get rich you have to invest your money in many places. Don't just keep dumping it into something that returns only emotional/sentimental satisfaction.
If I had boosted my car awhile ago I wouldn't of made near the money I did when I was 18 buying and seeing expensive parts for profit, nor would I have had the opportunities to invest in other things that I made money off of. I would've had a sick car, but the doors would've been closed for making more money until I could save up more money from work (which would've been hard as the expense to keep a 550whp car is somewhat high). The end result by not spending all that money was simply tons of cash after several months. By the time I was ready for college I had nearly $8,000 from investments, buying parts and flipping them and selling things for people I met along the way. On top of that I was making $300-500 a week working at my brothers restaurant. At that age I could literally do whatever a teenager could imagine, and I still had a relatively nice car, with a nice drop and BBS wheels I purchased long ago. Nothing crazy, but still got lots of compliments. There is no better feeling then being satisfied with what you have and having enough freedom to do what you wish, and enough cash to invest and make more as opportunities arise. Put a leash on your desires for your car, get what makes you happy (wheels, drop, maybe nice speakers and some bolt on's) and hold on to your money and watch it grow. I guarantee you you'll be more satisfied when that bank account is higher than it's ever been and you still have a clean, not over the top car.
Learn from me too. I just spent all of my money to build my dream car (my S54B32 E36 M3 project) and I regret it. Sure I still have enough money to go out and do almost what I want (i.e go out drinking, out to eat etc. etc), and i'll have my dream set up but i'm living cheaply and I calculated had I not spent 5 k on the motor, + 3k on all the performance parts my original $8,500 would've been around $12,000 by now with the investment opportunities I missed out on and my car would've still been very cool how it was. By the end of next summer I would've had nearly $20,000 as a full time student working part time at the rate I was making money previously. Sure my S52 M3 would've had 165,000 on it but it would still look damn good and run mid 13's. That and this huge pile of money that was growing and growing would've been way cooler than an 8500rpm 340whp N/A M3 and only enough money to get by.

hey man we all make dumb desicions, and sometimes they seem better on paper, but never turn out that way. shit simply happens. im sure your regretting it now, but once its done you be more then satisfied, and if you made all that money at such a young age, im sure you can do it again especially now that your growing up a little bit. dont give up fool.


btw you should come up to kennesaw more

[OnURleft]

hey man we all make dumb desicions, and sometimes they seem better on paper, but never turn out that way. shit simply happens. im sure your regretting it now, but once its done you be more then satisfied, and if you made all that money at such a young age, im sure you can do it again especially now that your growing up a little bit. dont give up fool.


btw you should come up to kennesaw more

Hahah yeah. Part of me says it's dumb but another part of me says i'm suppose to be poor in college. That second part of me is the dumb part of me hah.. The sad thing is spending all this money is just leading me to spend more. Gotta build a rear end, gotta get that carbon intake and go with the best exhaust possible etc.. It's overwhelming to know that I spent everything I had but once i'm finished i'll have something i've dreamed up. I'd suggest everyone to get what makes you satisfied and leave it!! Don't start messing around so much with something that won't give you your money back until your spendings are fractions of your total savings..
Your so right though and i'm thankful that I learned this now as I tell people "I will NEVER spend all my money on something sentimental like this ever again." It was an impulse decision that I didn't really regret until months later. It's almost heartbraking to see opportunties come up and disappear because I don't have the $$ to move forward with it and make some money in the end. I already saw two deals go by where I could've easily make 1k each without a sweat and how cool would it have been to have money coming out of college to put a down payment on a house with....oh well.

Haha yeah I will most def. come up there, I enjoyed that Barrett meet, the thing is I live in Baton Rouge during the school year but i'll most def. be coming up there when i'm in town.