Comments on: Your Car Is Not An Investment - And Neither Are Some Of the Other Things You’re Pretending Are http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/ Bridging the gap between saving money and investing Thu, 21 Aug 2008 19:26:32 +0000 http://wordpress.org/?v=2.3.2 By: festival of investing - May 15, 2007 : A Bankruptcy Lawyer’s Blog http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-49227 festival of investing - May 15, 2007 : A Bankruptcy Lawyer’s Blog Tue, 22 May 2007 14:40:59 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-49227 [...] presents Your Car Is Not An Investment - And Neither Are Some Of the Other Things You’re Pretending Are posted at Personal Finance Advice, saying, “Some things you may think are investments [...] […] presents Your Car Is Not An Investment - And Neither Are Some Of the Other Things You’re Pretending Are posted at Personal Finance Advice, saying, “Some things you may think are investments […]

]]> By: CreditCardArticles.Net http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-48938 CreditCardArticles.Net Mon, 21 May 2007 18:34:53 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-48938 <strong>Carnival of Wealth Building Ideas...</strong> Welcome to the May 15, 2007 edition of carnival of wealth building ideas. Jeremy Reeves presents How To Track Your Financial Independence: Series #3 posted at The Road To A Perfect Life. Ybother presents Top 10 Paying Topics on Adsense posted at A T... Carnival of Wealth Building Ideas…

Welcome to the May 15, 2007 edition of carnival of wealth building ideas.
Jeremy Reeves presents How To Track Your Financial Independence: Series #3 posted at The Road To A Perfect Life.
Ybother presents Top 10 Paying Topics on Adsense posted at A T…

]]> By: scfr http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-48344 scfr Sun, 20 May 2007 04:03:51 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-48344 Very good article. To add to the "prestigious university" debate, all posters who stated that going to a prestigious university is an investment assume that you are going to go work FOR someone. If you own the company, it matters not a whit where you went to school! Very good article.

To add to the “prestigious university” debate, all posters who stated that going to a prestigious university is an investment assume that you are going to go work FOR someone.

If you own the company, it matters not a whit where you went to school!

]]> By: Fern http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-47054 Fern Wed, 16 May 2007 15:43:49 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-47054 well of course broad generalizations are not very helpful or accurate. However, in general, i maintain that graduation from a school that is well-known for the quality of its education is more valuable than attendance at a no-name school. well of course broad generalizations are not very helpful or accurate.

However, in general, i maintain that graduation from a school that is well-known for the quality of its education is more valuable than attendance at a no-name school.

]]> By: Henry Bemis http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-47011 Henry Bemis Wed, 16 May 2007 13:36:49 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-47011 It's not the degree it's the motivation, persistence and quality of the person with the degree. The biggest dummies I know went to Ivy league schools. With puffed up heads, shoulders and debt they have actually done less then those who went to state. IF you are motivated, active, and resourcesful you will succeed. Ivy league education is a myth. It’s not the degree it’s the motivation, persistence and quality of the person with the degree. The biggest dummies I know went to Ivy league schools. With puffed up heads, shoulders and debt they have actually done less then those who went to state. IF you are motivated, active, and resourcesful you will succeed. Ivy league education is a myth.

]]> By: Fern http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-47010 Fern Wed, 16 May 2007 13:31:13 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-47010 Great article with some solid points, but i too must strongly disagree about where you go to school. It's not a choice between going to a relatively unknown school and coming out with reasonable debt load vs. an expensive well-known school. In fact, it is those top tier schools that often have the best endowments from generous alum, meaning they can offer more liberal scholarships and grants to students of modest means. That was my experience as a middle-class student from NJ attending a private women's college in Massachusetts. Althought my parents were able to contribute very little toward my education, a combination of scholarships based on academic merit, grants (that didn't need to be paid back), 3% NDSL loans and working part-time all 4 years helped me get that degree. In addition, the name of the school where you receive your degree DOES make a difference on your resume, and someone graduating from a no-name school with a degree in whatever basically has something akin to a continuation of high school, not much value there. You only go round once in life, and schooling is the foundation for everything that follows. Great article with some solid points, but i too must strongly disagree about where you go to school.

It’s not a choice between going to a relatively unknown school and coming out with reasonable debt load vs. an expensive well-known school. In fact, it is those top tier schools that often have the best endowments from generous alum, meaning they can offer more liberal scholarships and grants to students of modest means.

That was my experience as a middle-class student from NJ attending a private women’s college in Massachusetts. Althought my parents were able to contribute very little toward my education, a combination of scholarships based on academic merit, grants (that didn’t need to be paid back), 3% NDSL loans and working part-time all 4 years helped me get that degree.

In addition, the name of the school where you receive your degree DOES make a difference on your resume, and someone graduating from a no-name school with a degree in whatever basically has something akin to a continuation of high school, not much value there.

You only go round once in life, and schooling is the foundation for everything that follows.

]]> By: Joey http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-46463 Joey Tue, 15 May 2007 02:09:57 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-46463 Nice try Jim. What I am illustrating is that cars ARE a good investment if you know what you are doing and you have a little bit of intelligence. I purchased both vehicles after carefully considering that both of these vehicles would be my daily drivers. Neither of them were really collectibles at the time although they definitely were as the rolls rolled on. I did well...ok I did very well. I'm not going to feel sorry about that. If you pick the right used vehicle, it will work out very well for you. In fact you can find the right vehicle that will pay for itself and then some. If you are purchasing a Chevy Malibu and expecting some resale from it, good luck. But if you have a brain on your shoulders and look for a vehicle that will hold its value you will do fine. I am only showing that it can be done. Nice try Jim. What I am illustrating is that cars ARE a good investment if you know what you are doing and you have a little bit of intelligence. I purchased both vehicles after carefully considering that both of these vehicles would be my daily drivers. Neither of them were really collectibles at the time although they definitely were as the rolls rolled on. I did well…ok I did very well. I’m not going to feel sorry about that. If you pick the right used vehicle, it will work out very well for you. In fact you can find the right vehicle that will pay for itself and then some. If you are purchasing a Chevy Malibu and expecting some resale from it, good luck. But if you have a brain on your shoulders and look for a vehicle that will hold its value you will do fine. I am only showing that it can be done.

]]> By: Jim http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-46435 Jim Tue, 15 May 2007 00:48:13 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-46435 "Having a hard time going with the “cars as bad investmentsâ€? theory. I totally understand brand spanking new cars, that is a no-brainer. But certainly not collector vehicles." The article is talking about people who decide to buy a car for driving purposes and call it an investment, such as buying a new or even used Lexus so that they can impress their neighbors. You're pretty much ignoring the point of the article in order to laud your own collectables profit. “Having a hard time going with the “cars as bad investmentsâ€? theory. I totally understand brand spanking new cars, that is a no-brainer. But certainly not collector vehicles.”

The article is talking about people who decide to buy a car for driving purposes and call it an investment, such as buying a new or even used Lexus so that they can impress their neighbors.

You’re pretty much ignoring the point of the article in order to laud your own collectables profit.

]]> By: savvy http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-44589 savvy Thu, 10 May 2007 00:26:39 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-44589 I have to disagree with clothes and glasses. I do think high quality interview and work apparel is worth the money in most professional environments. I have worked for bosses that place a lot of value on professional appearance and I've worked in environments where looking competent meant wearing name brand and stylish (even if classically stylish) clothing. Also, having owned both cheap and expensive glasses, I can say the expensive ones are well, well worth the extra couple hundred dollars. I can still tell the difference between my cheap and expensive pair, and despite my expensive pair prescription being out of date, they fit my face and match my vision much better, due to better measuring and higher quality frames. I wear the expensive pair all the time, I rarely reach for my new pair because they give me headaches. I have to disagree with clothes and glasses. I do think high quality interview and work apparel is worth the money in most professional environments. I have worked for bosses that place a lot of value on professional appearance and I’ve worked in environments where looking competent meant wearing name brand and stylish (even if classically stylish) clothing.

Also, having owned both cheap and expensive glasses, I can say the expensive ones are well, well worth the extra couple hundred dollars. I can still tell the difference between my cheap and expensive pair, and despite my expensive pair prescription being out of date, they fit my face and match my vision much better, due to better measuring and higher quality frames. I wear the expensive pair all the time, I rarely reach for my new pair because they give me headaches.

]]> By: Amy F. http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-44502 Amy F. Wed, 09 May 2007 19:10:58 +0000 http://www.pfadvice.com/2007/05/09/your-car-is-not-an-investment-and-neither-are-some-of-the-other-things-youre-pretending-are/#comment-44502 Ben, I agree that by going to a prestigious school, you can fairly easily meet a lot of wealthy, successful, and powerful people who can help you along on that path should you choose it. But you can just as easily meet scholarship students who have no connections and go into low-paying, service-oriented fields after graduation. I think that at most schools and in most alumni associations you will encounter both types of people, regardless of the school's price tag. But like I said, this issue is highly debatable and arguing the pros and cons could be (and probably is) the subject of an entire book. I suppose that, in the end, the important thing is that whoever is financing the education feels that it was money well-spent or debt worth dealing with. Ben,
I agree that by going to a prestigious school, you can fairly easily meet a lot of wealthy, successful, and powerful people who can help you along on that path should you choose it. But you can just as easily meet scholarship students who have no connections and go into low-paying, service-oriented fields after graduation. I think that at most schools and in most alumni associations you will encounter both types of people, regardless of the school’s price tag. But like I said, this issue is highly debatable and arguing the pros and cons could be (and probably is) the subject of an entire book. I suppose that, in the end, the important thing is that whoever is financing the education feels that it was money well-spent or debt worth dealing with.

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