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The Pub For General Automotive Related Talk |
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#1 | |||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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#2 | |||
Banned
Join Date: Dec 2004
Location: Livin On The Edge
Posts: 7,354
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#3 | ||
Banned
Join Date: Dec 2004
Location: Livin On The Edge
Posts: 7,354
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Saving my hard earned mostly but if a deal comes up that i cant refuse or i see a deal where i know i can make money i'll jump on it.
2 months ago i bought a set of HSV 19'' wheels with rubber for $2,ooo from a guy my mate know's. My mate sold them for $32oo the same day. All i had to do was go give my mate the money and i made $1ooo. Also bought 2 sets of BA 18" wheels since xmas and sold them, made about $3oo a set selling them fairly cheap. Some people have no idea what factory rims are worth. Last edited by XRQTOR; 26-05-2005 at 09:42 PM. |
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#4 | ||
Turbo Falcon Fiend
Join Date: May 2005
Location: Far West NSW
Posts: 3,205
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How long is a peice of string? How well anyone is doing is all relative. I drive a very average car, and we dont live in a mansion. The whole point of +CF (Positive cashfow) property is that capital gain is less relavant, rather we focus on what the property makes over and above what is costs. eg: purchase price $42k monthly interest <>$210-$230 rates pm $35 insurance $20pm, that means I pay out $265 - $285 per month but with the property rented at $130 per week ($520 per month) I have a +CF of $235-$255 per month per property, then it is just a matter of duplicating. So considering we dont pay the motgages, the tenants do there is no limit to the number I can buy as my serviceability improves with each property I buy. It is not glamorous, and it can be hard work if you buy a roughie and need to do it up. But it is a way of setting up a passive income that can eventually replace your working income.
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#5 | |||
Banned
Join Date: Dec 2004
Location: Livin On The Edge
Posts: 7,354
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Quote:
Last edited by XRQTOR; 26-05-2005 at 09:51 PM. |
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#6 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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There is people who own 100s of homes which is amazing. The basic jist of it all is to be making more of it than your paying on it. Also some people can buy houses just to sell them when the value increases. Someone i know bought a house for $100000 and can sell it for $140000. Just made $400000 profit if he sells it
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#7 | |||
Banned
Join Date: Dec 2004
Location: Melbourne, Victoria
Posts: 2,913
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Quote:
$40k is still nice obviously. |
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#8 | |||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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#9 | |||
Banned
Join Date: Dec 2004
Location: Livin On The Edge
Posts: 7,354
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#10 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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Yeah heard land is good way to go. I was thinking when i get a full time job that it might be a good idea to get an investment and use that to fund my own house and car projects. As with shares their is risk in any investment. You got to be prepared to take it and you can lose money aswell. You could buy a property and then it decreases in value. Then your ****ed
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#11 | ||
Turbo Falcon Fiend
Join Date: May 2005
Location: Far West NSW
Posts: 3,205
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I mostly buy property in satelite towns to large regional centres. I have property around Dubbo, Rockhampton QLD and at North Richmond in the foot hills of the blue mts out of Sydney.
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#12 | ||
Turbo Falcon Fiend
Join Date: May 2005
Location: Far West NSW
Posts: 3,205
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There are plenty out there. If you go to www.realestate.com.au and establish search parameters of price and let the search give you the answers. $45k was my dearest that was purchased as an investment. I have paid $18000, $23500, $27000 $42,000 and $45,000 so the returns can be better. The 27k house after 5k in renos will be revalued in excess of 50k (meaning I can access that equity to fund new aquisitions) and will pay me $140 per week.
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#13 | ||
I build your wish list...
Join Date: Jan 2005
Location: Country Victoria
Posts: 4,484
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Well every thing i have i own outright . So apart from Bills Mine and the missers Cars get what we want for them . and now im haveing 3 day weekends i have some time to play around
__________________
If it weren’t for physics and the law enforcement, I’d be unstoppable.
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#14 | ||
Moderator
![]() ![]() Join Date: Feb 2005
Location: Kenthurst
Posts: 40,394
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I work a decent job in the Networking Dept at optus .. plus I am a part time courier driver .. my 2nd job makes more money than Optus would you believe it (minimum $220 per day).
Also a credit card helps at times .. but it get spaid back up every fortnight.
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The Current Stable 2016 SZII TS Territory RWD Petrol The Evolution of the EGA54D utes AU Workshop Build thread of EGA54D B-Series Workshop Build thread of EGA54D 2004 SX TX Territory AWD - Gone but not forgotten 2010 FG XT "The ex-rental" - Moved onto a new home Mechan1k's Flickr Page |
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#15 | ||
meow
Join Date: Dec 2004
Location: Where the Pirates are.
Posts: 2,744
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I work, and save... don't waste it on anything i don't really need, and the banks come in handy. After tafe i'll be looking for full time work for 6 months to play with my car and save for uni
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#16 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,900
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By throwing all my change in a coin tin and then banking it.. I don't mod my car much but like to occasionally spend some money on them especially when they are new and I am decking them out with tint / phone kits etc.
My car is complete for now, ill probarly put my saving coins away for the next one. |
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#17 | |||
own the road
Join Date: Jan 2005
Location: Melbourne
Posts: 2,764
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work hard, take all the overtime, save and sometimes borrow money off the olds.
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T3 TE50 #146 Quote:
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#18 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Melbourne
Posts: 6,359
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Every time I dont go out and get ****ed I save myself $80+ and a hangover the next day.
I live at home and work full time, while going to uni part time. I dont really have many expenses, my phone bills have gone down to $40 from $150+ by changing to orange. I get free 5 minute calls to all my mates and GF and free sms to everyone as well. Other than my phone bill, I pay for a gym membership that I dont use. The rest is able to go to my cars. Soon I will have a 13 second mini!! I cant wait to drive a manual again!
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Turbo AU ute ~ Nice legs, shame about the face. 282rwkw at 15psi. |
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#19 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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I get smashed before i go out that way save a fortune on drinks. Just have a few to keep me goin. Dont usually get a hangover. I live at home so not hard to save up but now im saving up for a car. Job interview today YAY so hopefully more funds for next car lol. Oh man do i have to give up the smokes lol. That will save me money.
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#20 | |||
Looking for clues...
![]() ![]() Join Date: Jan 2005
Location: Morayfield
Posts: 23,179
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#21 | |||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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Quote:
Well ill be a bit of a smarty pants :P Say bout $20 a day X7 = $140 a week. $140X 52 = $7280 a year. $7280X 18= $131040 blown on giving yourself cancer lol. Even if it wasnt so expensive any money you save would be better than a slap in the face. Im pretty good though usually only spend bout $30-40 a week on the durries where as my dad probably smokes $200 worth a week. |
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#22 | ||
Beware of mood swings!
Join Date: Dec 2004
Location: Western 'burbs, put your bullet proof vests on!
Posts: 1,336
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Keeping the loose change I find in the pockets when I'm doing the washing.
![]() I own everything that I have, being unemployed for so long was not something I planned but life throws you curve balls and you have to do the best you can. Hopefully I'll be working again soon so as long as I can keep a roof over our heads, food in our mouths and clothes on our back without struggling I'll be happy. Then I'm going to start up my 'mod' bank account. ;)
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1993 EBII GLi Auto, 4.0L MPI rebuilt by JMM, JMM Dev1 kit, JMM Hi Flow Cat, still to hit the quarter mile. :Up_to_som
Dyno Sheet-14/07/05 |
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#23 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Melbourne
Posts: 975
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Quote:
Haha i know what you mean im not going to have any big nights for the next two weekends because of exams ![]() ![]() |
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#24 | |||
Detroit Locker Equiped TM
Join Date: Dec 2004
Location: Area 51 (tm)
Posts: 4,928
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Overtime (tm)..........
__________________
Apollo Blue 1974 XB Falcon GT, 557 HP Blue Pearl 2004 BA FPV GT, 290 kW Quote:
http://www.facebook.com/FalconGTClubGeelong |
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#25 | |||
Ute Forum Moderator
![]() Join Date: Dec 2004
Location: Melb
Posts: 7,227
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#26 | ||
FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 5,165
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I usually use my at home haircuts for car mods ..... not that I have any mods but really running costs.
Being on a pension + raising three kids doesnt allow for much .... but I do have a sympathetic mechanic who lets me pay off the jobs ....... Just got the wagon rego'd & needed an exhaust (damn that huge rock) and a tappid cover gasket ........ am paying it off but she does sound a heap better & goes well too ....... A mod fund ........ one day ....... anyone know of some rich old dude who needs company & will leave his riches to his new company ... hehehehehhehe... then I can have my Sprint & a Terry :P |
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#27 | ||
Lucifer's Angel
Join Date: Dec 2004
Location: Sydney
Posts: 5,282
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I worked every public holiday for 4 years. I did graveyard shifts when they asked..
Every cent went into the bank. I live at home as well, but I had to pay all my expenses on my old car, and pay board and my phone bills/internet. I never denied myself anything. If I wanted to go out with friends I did. When I wanted to get my windows tinted, or put a cd player in the XD I did. I went away for weekends with friends too. It took me awhile, but I knew I wanted the BA, and that was my goal. I finally got it in January, and although my Dad did lend me some $$, that was only because he wanted me to still have cash in the bank to fall back on if I really needed it. I'm paying that money back to him now as well, and I'm starting to save again for a few things I want to do the the XR.
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![]() ![]() Blueprint, manual, 4490's, Redback 2.5" dual exhaust, BA Typhoon rims, tint, fog light covers, BF tailights, blue illuminated window switches, Ghia bootlid carpet, lower grille, FPV door spears, steering wheel & interior bits, XR6T + F6 intake, K&N filter, Typhoon spoiler, tuned, sway bars, custom angel eyes & plates..YUM!
If there's one thing guys in Holdens hate more than being beaten by a Ford... It's being beaten by a girl driving a Ford ![]() Last edited by Feathers; 28-05-2005 at 09:50 PM. |
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#28 | ||
Banned
Join Date: Dec 2004
Location: South East Melbourne
Posts: 6,156
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Oh crap, bank account is about to go into the red.....I just got some heads that I can barely afford. Ah well, no take away for a few weeks.
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#29 | ||
Afterburner + skids =
![]() Join Date: Dec 2004
Location: Skidsville
Posts: 12,113
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Save save save, its all i ever seem to to. Though, like Feathers, I have never denied myself of anything either.
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Speed Kills. So buy an AU XR8 and live forever. Oo\===/oO |
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#30 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Brisbane
Posts: 1,198
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I just let the wife have unlimited sex with me and then I get what I want for the car!!
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FROZEN WHITE XR5 TURBO & MOONDUST SILVER XR5 TURBO PREVIOUS RIDES AU3 VENOM RED XR8, 19" SILVER ARGENTS, REBEL BODY KIT & 6/4 BREMBOS MARS RED FG MK2 XR6 ECOLPI, SILVER ARGENT 19" RIMS & TINT BLOOD ORANGE BA GTP, QUAD EXHAUST, SUNROOF, CHIPPED, SS CAI, 320KW NAROOMA BLUE AU3 HERROD XR8- SS CAI, TS RIMS, 6/4 BREMBOS, TWIN SPOILER, REBEL BODY KIT & TUNED BY ELITE VENOM GTP, HERROD EXHAUST, DVD PLAYER, WINDOW TINT, SS CAI, STEALTH VENOM AU11 TE50, HERROD LOWERED, HEADERS AND EXHAUST [SIGPIC][/SIGPIC]
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