About to spend most of my crypto profit on a new car.
FUD me or hype me up, I'm heading to the dealership in the next couple days.
I don't want friends I want Audi's
Levi Rivera
Sebastian Williams
Don't spend more than 10% of your net worth
John Morales
a new car is fun for about a month then the excitement wears off.
Cameron Sanchez
whatever you spend on any car it will be 5-10x by december so if youre buying an audi you could be buying a ferrari/lambo/bentley in a few months.
Plus the bull run alt season is just getting started so youre being stupid selling now.
Go fuck yourself.
Chase Lee
The thing is, 98% of my networth is tied into crypto, all in on LINK to be exact (not memeing).
Depending on how much crypto is pumping, my networth could be significantly higher on some days than others.
About $600 in checking, $1,000 in savings, 85k in crypto.
One personal loan for 20k and a car loan for 7k (I plan on trading my car in, which is worth a bit more than I owe so that should cancel out).
I make about $4k a month, and don't know how to budget for shit. I'm 20 y/o, no ones taught me this shit lol. Not making excuses though, but I think after assessing everything I CAN afford the car.
Car I want is 29k
Current car/car loan cancels itself out.
Now I'm left with 50k debt and 85k crypto.
I'm only concerned with paying off the personal loans, as I can pay for the car with my regular wages and be fine.
I'll sell $10k in crypto when link hits 60 cents, and another 10k at 70ish? Or should I tough the payments out and wait for link to go higher so I have to sell less of it.
Someone tell me if my plan is retarded or not, feedback is always welcome.
Christian Sanders
I cant jew out 2% of my net worth, Im in low 6 figures
Colton Perez
sounds like a good idea man go for it. you seem like an intelligent young man and I'm sure that you won't regret this purchase
Robert Powell
not sure if bait
Jacob Miller
so you have 20K debt already and you want to buy a 30k car? am i reading this correctly?
Daniel Phillips
why would you ever buy a new car OP? One of the worst investments you can. Don't get suckered in buying a brand new car and wanting to look "cool" for a month. Take most of your profts and keep them in market and lease a car or buy a few year old audi that has already depreciated