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re: The Iron Bowl of blowing money
Posted on 5/10/14 at 11:53 am to Alahunter
Posted on 5/10/14 at 11:53 am to Alahunter
quote:
A truck
bass boat
4 wheeler
membership to a premium hunting club in S. Alabama
all kinds of new firearms and ammo
Thats the exact same thing I would do
This post was edited on 5/10/14 at 11:54 am
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Posted on 5/10/14 at 12:01 pm to Tuscaloosa
quote:
Except those Rolex watches won't lose much of their value, and could potentially increase in value over time - whereas buying a new car is an immediate toilet flush of about half of what you spent on it.
Excellent point
Posted on 5/10/14 at 12:05 pm to undecided
Some cars can be a nice investment.
Posted on 5/10/14 at 12:35 pm to AUtigerNOLA
Watch is a much better "investment" than a car.
Posted on 5/10/14 at 12:37 pm to My Daddy
quote:
Some cars can be a nice investment.
What new car can you buy, drive, and sell for more than you paid for it?
Posted on 5/10/14 at 12:38 pm to BowlJackson
quote:
tell me what time my dealer reups on blow, and have a compass that points me in the direction of the nearest hooker.
It was a former Auburn player, so I think we can just assume it does both of those things.
Posted on 5/10/14 at 12:39 pm to arrakis
Not new but a collectible classic maybe?
Posted on 5/10/14 at 12:40 pm to arrakis
quote:
What new car can you buy, drive, and sell for more than you paid for it?
Don't have to sell it for more than you paid. Just have to make sure it doesn't depreciate in value too much while you get some use out of it.
Or, you know, just live to be 100 and sell it as a "classic car."
Posted on 5/10/14 at 12:41 pm to undecided
quote:
Except those Rolex watches won't lose much of their value, and could potentially increase in value over time - whereas buying a new car is an immediate toilet flush of about half of what you spent on it.
Excellent point
A truck will haul my boat, get me places, haul lumber, dirt, four wheelers, deer and anything else I want to move or haul around... and it will have a clock on the interior.
Practicality is > status to me.
Posted on 5/10/14 at 12:42 pm to Alahunter
Yeah but you're like 60 yrs old ok maybe 40-50
ok maybe 40-50
Posted on 5/10/14 at 12:43 pm to RockyMtnTigerWDE
Even younger, a watch or jewelry would be the last on the list. Harley's, jet skis, 4 wheelers, jeep, boat, lake property, land would all be first item buys.
Posted on 5/10/14 at 12:43 pm to dbt_Geaux_Tigers_196
quote:
Not new but a collectible classic maybe?
How about this guy
quote:
@JasonKirkSBN: Welcome home. RT @FalconsJAdams: Ra'Shede Hageman recently bought his dream car. A 1995 Chevy Impala SS, for $7,000. #FalconsDraft #RiseUp
Posted on 5/10/14 at 12:44 pm to arrakis
quote:
What new car can you buy, drive, and sell for more than you paid for it?
I didn't say drive.
Limited edition Ferrari's, Porsche"s, and shite like that. Hell even some domestics that are limited in production numbers.
Posted on 5/10/14 at 12:45 pm to undecided
quote:
JasonKirkSBN: Welcome home. RT @FalconsJAdams: Ra'Shede Hageman recently bought his dream car. A 1995 Chevy Impala SS, for $7,000. #FalconsDraft #RiseUp
hunters type of draftee
Posted on 5/10/14 at 12:45 pm to randomways
quote:
Don't have to sell it for more than you paid. Just have to make sure it doesn't depreciate in value too much while you get some use out of it.
That's minimal depreciation
quote:
investment is putting money into an asset with the expectation of capital appreciation, dividends, and/or interest earnings.
Posted on 5/10/14 at 12:47 pm to RockyMtnTigerWDE
Heck ya.
Posted on 5/10/14 at 12:48 pm to arrakis
A truck may depreciate, but it can be used to make you money and has every day practical use.
Posted on 5/10/14 at 12:48 pm to Alahunter
quote:
Even younger, a watch or jewelry would be the last on the list. Harley's, jet skis, 4 wheelers, jeep, boat, lake property, land would all be first item buys
Don't worry, they'll be buying these things also
Another things that gets lost is the cultural aspect of this. You see the black players buying jewelry and flashy cars but I'm pretty sure the white guys load up on the items like supped up trucks, 4 wheelers, boats, lake property, expensive hunting gear, ect. These items are not as noticeable and better suit the media driven perception of athletes
This post was edited on 5/10/14 at 12:49 pm
Posted on 5/10/14 at 12:49 pm to Tuscaloosa
quote:
I don't think it's a big deal as long as the rest of their spending isn't out of control.
If you spend $120ish-k on a watch the first night, your spending isn't going to be in control.
Posted on 5/10/14 at 12:53 pm to the808bass
The real trouble these athletes get into is when they feel they can't say no to family and friends. If there is one professional that many could learn from off the top of my head is Jamal Mashburn.
quote:
Jamal Mashburn earned more than $75 million before his career was cut short by a serious knee injury. But he has put together a powerful post-basketball business dossier which includes 37 Papa John’s pizza restaurants, 30 Outback Steakhouses, two car dealerships and a real estate company in the state of Kentucky.
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