Quote:
Originally Posted by 86 gts
There are many who have made a lot of money, particularly riding a phenomenon such as the mining boom, but to sustain that rate of capital gain over many years is unheard of, particularly playing the stock market as one of the forum members suggested.
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I have never mentioned "a sustainable rate of capital gain" over the years mate. I said that he could invest the money, and buy an 80k car when he can really afford it. To be clearer: lets say I have 1.5 mil in my bank, right? (I wish i did but I dont). And i make say 100k a year only! What do I do? Buy a 100k car and reinvest the rest or go buy a Pagani Zonda cinque or a Bugatti Veyron that's worth around that money? Can I REALLY afford the Veyron or 100k car would be better? (insurance, service, tyres, and whatnot). Would 100k sustain a certain lifestyle?
Thats how people get into never ending debt! I simply suggested a bit of consideration when it comes to spending. At the end of the day it is his money! Creating wealth is not easy!