Jump to content
SAU Community

what to do with the 20 grand  

59 members have voted

You do not have permission to vote in this poll, or see the poll results. Please sign in or register to vote in this poll.

Recommended Posts

If your Nan has died & you really want to spend it on a car, spend it on it so that there is less chance you will be joining her in the ground & spend it on quality brakes, suspension etc....

Personally I'd buy a house with it.

  • Replies 82
  • Created
  • Last Reply

Top Posters In This Topic

Well im glad i got into this one if a little late.

Apart from tigeryas idea there have been few great ideas apart from "buy a house". I heartily endorse this plan without even looking at you in closer detail. The sooner you do this the better your midlife crisis car will be:D

Direct shares if done well can make you a nice return, they can also make you lose ("loose" for teh gramatically impaired) everything and will require much time and effort plus sleepless night worrying about teh price of corn in soviet russia vs the molasses index in southern america.

Still if i were your age id blow it on mods,hookers and blow and regret it later. Good thing you are asking for advice though.

Wait are you working now full time?

Do what i did dude. You'll thank yourself and everyone else that suggested it later ^^ I put a deposit on a house 3 months ago and with the help of my olds they got another house with it to. You might not beleive it but a we bought a block of land up in the hills for 50k. Bare block that is and 3 years later sold it for 225,000 lol you do the math. Sleep on it. Trust me took alot for me olds to drill that into my head but now the block that i currently have in the 3 months has gone up by 30k. 20k is a good amount for a deposit. Keep it for atleast a year and you would have made easy double your deposit on it after you sell it :pirate: And hell you wont have to pay shit if you have people occupy tha house as the rent will pay your repayments! hahaha not bad for a 20 y/o...although im thinkin 34 gtr now mmmmm.

how bout invest it, and spend the money u make on top of the 20k on the car, that way u have the 20k u started off with saved and u are only spending the money it made u lol

kidding prob wont be much anyways, but yeh INVEST IT!!!

Ahhh...start working mebe? lol take your chaces at tha cas if you like....perfect pairs ftw :pirate: dont pay attention to me k. Oh and dont go on tha piss while trying to make a decision on this...TRUST ME! Bad things happen...rofl!

I get what you are saying there tales but im not big on investment properties cause of the teh associates risk and tax implications. Unless you are living in your own house "sole residence" i think its better off elsewhere. Plus i dont think property will do as well as it has in the past. Doesnt seem possible.

man have another house ie investment what tax implications you only have tax implications when you soley own the house outrite but if its owned by the bank its a different concept, you can claim negative gear and stuff man ive put so my tools and machinery claiming it through from the house you dont see it striaght away but later down in the track

ivestment in property is good if you take it the rite way like seeing accounts and property management

man have another house ie investment what tax implications you only have tax implications when you soley own the house outrite but if its owned by the bank its a different concept, you can claim negative gear and stuff man ive put so my tools and machinery claiming it through from the house you dont see it striaght away but later down in the track

ivestment in property is good if you take it the rite way like seeing accounts and property management

good like buying a house with 20k and no job... every bank will tell you to get f*ked :D

Treu you can negative gear an investment property but if Sam is not making much of an income its unessacary, the govt cant give you free money :) maybe neutrally geared (renter pay same as loan repayments) would work but that would be interesting to see due to the fact that rental prices arent really in line with purchase prices unless you find a good deal, in which case 20k is only a 5% deposit on a below average 400k house. Then there is the capital gains tax that will be payable when he sells it which could be a nice chunk of change with nothing to write it off against. Not so bad if you plan to keep it a while i suppose.

Then of course you will have worries with getting a loan under your own name and i would say your folks would have to go down as gaurantour for that debt. As long as you dont decided to have a 6 month holiday in teh next 5 years and have finshed studying you should be fine.

or yer go see a financial adviser....read: disclaimer :D and no im not just pluggin my industry...

deposit on a house/property

if you have a steady job, some banks will give you a loan, and then, the advantage with a property/house is that you have equity, meaning that you *possibly* could buy a rental property with the equity, sit on it for a period, sell the rental for more than you got it, repay back the loan for the rental, plus more 4 yourself

i know its a full on thing, but this is what my folks have done, they pay back only the interest on teh original mortgage, using the rental payments to pay off the rental loan, and they want to sell the rental soon, making approx 50-100k on it, repay the rental loan, plus a lot of the original loan

this is what a lot of investment people do, they keep buying rentals, cause it gives them equity to buy another, and so on and so on, till they got lots of propertys, then after a while they slowly start selling some of to repay back loans and in the process becoming very rich

quiz796outcome3.GIF

No sir, i dont like it.......

Yes you can argue that over teh past 5 years the above would have been a great strategy. In an academic sense though, there is zero diversification and while you still say volatility is relatively low, liquidity is too.

This means that if you buy up now which some have said is nearing the top of this property boom you are left with either a huge loan to service or, if you sell, a huge capital gain to deal with. Using the equity is a great plan and yes i totally agree with that strategy but to buy more property... now... i, as i said before, dont like it :mellow:

C/N: Buy a home to live in =good. Buy a home for investment = bad.

ps: if we see a year like the last for property ill eat my own hat *runs though house collecting all hats to give to salvos*

yeah, the market is a tad unstable atm as its likely to fall out really soon, but could also continue to increase

its one of those things that could turn out to be really good, or fall on its ass really bad

heck ur the financial advisor, im just a uni student doing a science degree




  • Similar Content

  • Latest Posts

    • You have found the problem. The wire from the switch to the HB is shorted to earth. Now you have to physically find it and replace it. It won't be the switch, although following the steps above (and yes, where you ask, that is the light switch on the RHS of the binnacle) will rule it out for sure. Or not, if perhaps the switch has melted. But there's no route to earth inside the switch, so I can't see how it would.
    • I did read your post, a few times actually.    Done. Followed this step. [Negative probe should be on the cars chassis. Positive on the wire.]   Did this partially.. now that im reading this over, i only unplugged the LED lights. [Start as said above by unplugging everything (unplug the lights, and switches.] When you are talking about the switch, you're talking about the knob thing on the right side in the drivers seat right? If so, i need to take that apart?  [Now at the switch, there is a wire from the fuse, to the switch, so out your positive on that terminal. It should read open circuit. If it reads something, especially a stupid low value, the short is somewhere between the fuse and the switch.] At this point are you referring to the connector by the headlights?  [If that's fine, now put the positive probe on the wire that goes to the headlight (at the switch plug). If it reads stupid low, the fault is from the switch, to the headlight.] Did this. I can confirm that the LED lights aren't the issue [Another quick test, is take the whole LED light setup from the left, and plug it into the right side, does it still blow the fuse? If you put the right hand side led light setup on the left hand side wiring, does the left hand side wiring now blow?  If the blowing fuse swaps from right to left doing this, your LED lights are the issue.]
    • Hey was wondering if you ended up installing the R33 GTR speed sensor - I found one too and wanted to confirm it's a direct swap into the R34 6 speed?
    • After 23 years of owning a Skyline, finally had the latch go.  Followed this guide,  works like a dream again. Great Guide 👍
    • Hi all,   I’ve got the biggest lot of problems with my R33 GTS-T   It was a freshly rebuilt 25th anniversary RB25DET (plastic cas, neo cams) probably 6 years ago now   The engine was running so well but I fkd up badly and trusted someone I’d known for 10 years that was well known around Plazmaman for his welding and fab work. I added a lovely photo of some of his previous work. Not sure why my car was worked on by whoever did this shit     I’m normally someone who would never open myself up to something like this, I still can’t believe I did it. Trusting him literally fkd it all up for me. Everything has been a struggle, like it’s almost been 6 years that’s how much I’ve just on and off been trying to work it all out.    All I wanted was a car that danced down low, like full boost from around 3~3500rpm to redline, don’t really care what power it puts down (if it ever does) but I just wanted it to be quick to get on it.    He recommended the turbo to get, I picked Hypergear but he told me to get the front 4” with a T4 and 0.68 rear housing.    I was expecting all these beautiful welds, tidy fab work and paid for it to be ready to go to a tuner when I got it back.    I got a car back that was an absolute mess, I actually couldn’t believe it was my car anymore. I don’t think you could even call what he did welds, they’re disgusting.    So I stripped everything he touched off it and with every bolt I loosened it just got worse and worse.    I covered it and literally built and finished another car in the meantime but now it’s getting to the point where I really want my Skyline back.   Its a struggle because I paid him to do all this shit because I didn’t know how to and now I’ve had to try and figure it all out omg    Please excuse the bird shit horrible welds, I’ve got my show pony car and am so beyond dealing with this car I don’t even really care at this point.    If someone told me about what he did to my car I wouldn’t have believed them but it happened to me. It was unbelievable. He went missing, my car went missing, it came back missing parts, the straight af chassis rails bore the scars of being dragged up a trailer backwards, even the sandwich plate was bent. Everything was leaking and open to whatever fell into it, rounded off/ missing bolts, power steering oil and coolant everywhere, no gaskets, parts stolen off it, even managed to damage the sump pan.   Promised me he’d finish the car, knew what it meant to me, I paid him thousands and thousands just for him to trash it. He told me he was fully licensed and insured, come to find out he’d cancelled his ABN, so obviously no insurance. I had laid up insurance on the car and would’ve been covered but I was scared they would’ve written it off or because the business was no longer trading I’d still be liable.    He was supposed to:  New fully custom mild steam pipe exhaust manifold with turbo location moved from factory position to high forward mount. (I don’t know if it is a mild steam pipe, I’ve got a funny feeling the waste gate isn’t in a very good position and I don’t think the outlets off each cylinder are equal) 4” custom stainless steel dump with external gate (he re-plumbed it) Cut and shut OEM intake manifold with throttle reposition (I ended up doing the throttle reposition) Box in pod filter (left out) New 100cel catalytic converter (pretty sure it’s there but unsure if it’s 100cel) Front mount intercooler piping fabricated to suit (all smashed up and rusty holes where he was supposed to make it look standard where fmic piping passes through. I don’t even think my front bar is going to fit 🙄) Custom 5” intake pipe from pod to turbo (didn’t come with it so had to do something to make it work with the Z32 afm)   Engine: Full cylinder head service & machining  Brand new valves Precision upgraded spring kit Engine block honed New bearings  New piston rings  New ARP conrod bolt kit New ARP head studs Cometic head gasket VRS kit   ATR43SS2 ball bearing turbo 0.68 rear housing  Turbosmart 45mm external wastegate (got delivered to the fab bloke, I’ve got no idea what spring is in it, I’m assuming the one that came pre installed) Walbro 260 fuel pump  Nismo 740cc injectors (tested to 880) Spitfire coil packs GCG FMIC RB25DET manual 5 speed 4:11 rear diff   I’ve got an Apexi Power FC in it atm, I was hoping to just get it to operating temp to make sure everything was okay before towing to a tuner but it’s over-fuelling too much. I don’t think that’s going to happen so i think I’m going to get either a Link G4 or Haltech for it. What do you guys recommend? I can’t work out the power FC so just gonna give up on that one     It’s got an exhaust leak coming from somewhere I can’t see 🙄    The fuel pressure was steady but now it like drops from 40 to 20psi randomly (noticed this yesterday)    I’ll attach pics of the shit he put on my car and the engine bay now as it sits    I really just need some help, I need a tuner in Sydney I can trust, I’d like to be with the car while it’s being tuned if possible, I know it looks terrible but unfortunately I’ve just got to put up with it for now and fix the cosmetic stuff later   Do you guys think the manifolds are going to be okay? Or do I throw the exhaust manifold and try again?   I don’t even think these combinations are going to work tbh   I know everything I fitted was rated to be able to take at least 400kW but most rated higher    If you’ve gotten this far I really really appreciate it 🙏 I don’t mind if you trash me or the car, I made a rookie error and f**k I’ve paid for it. As you’ll see 🙄  
×
×
  • Create New...