spend large amounts of money
 

do you find it difficult, even if you can afford it? i go crazy second guessing myself on large purchases. pulling my hair out right now.

bah.

Depends how much you mean when you say LARGE..?

I was I had that problem :)

I am incredibly indecisive about these things. I look for years for a piece of furniture. I struggle to overcome this, because I inevitably miss purchases that I go home to think about.

get a 2mil motoryacht and start cruising the worldddddddd

I feel the same when i bought my apartement and i could afford to pay for it in full .. it doesn't feel right giving out that much money in one day :(

what are you buying?

and yes i have that problem.. i am never sure if i will like whatever it is longterm

I'll take the porsche if it makes you feel better :winkwink:

That is an unwise financial move. It is better to take a low interest mortgage and use your cash for NO RISK investments.

As long as you have the money in norisk situations, you can sleep well knowing if everything falls through tomorrow you can take that money and payoff your house.

Make your money work for you.

Exactly, I have enough money for the car Ive always wanted, but now I want to put it all towards a house. Once i have enough money for the house I'll probably want something more expensive or I'll just not want to part with it... :helpme

a big boat is my dream. I think it will take me a decade till i'll be able to afford one, but it's all good,im not that old.
:glugglug

No, if I really want something I don't worry about the cost.

You only live once. You might as well enjoy your money while you can.

i went crazy second guessing on my lincoln navigator, must've test drived all the top lux suvs.. settled on the lincoln and very happy with it

yea everytime I "Go Large" at burger king I remember there are people who have nothing and I feel bad :winkwink:

hell yeah :)

intensely debating the purchase of a new 3 bedroom condo in Whistler, slopeside. right on the olympic downhill run, perfect view from both decks. 30 feet from the gondola. i want it :)

buy the car pussy...i'll go with you tomorrow

It sounds like a good investment - even though housing prices are set to take a dive in most western countries it will only be temporary - if at all in your case - and over time it will only increase in value.

Get it.. YOU can afford it\
BTW how much hehe

All I ever really buy that I dont need is TV's DVD players and computer stuff. Other than that... All my money is just going into investments and bank accounts. I havent even bought new cloths in like a year. Im a miser.

percentage wise, i don't spend much money at all. i've got a couple of cars, some land, a couple of properties, and lot's of liquid cash.

i love the freedom liquidity gives me, even if i'm not squeezing every single cent out of each dollar... and i HATE debt.

Quiet, you should consult Micheal Jackson on this subject. Did you see that interview with him when he was in that art store in Vegas? He would look at some $20,000 piece of art for about 3 seconds and decide that he wanted it. Amazing.

not trying to be dr phil here but since 9/11 being right next to everything I changed the way I think before spending money.

Life is short you never know what will happen in a second from now.

Not saying spend it all go crazy im saying dont be hard on yourself to much.

I said to myself, "even MJ can't be this dumb."

Imagine all the hungry children in the world he could have fed with those purchases alone. That was the most disgusting display of greed I have ever saw.

At the same time he was listed as the biggest donor in the pop music business

http://www.guardian.co.uk/arts/news/...110268,00.html

I'm sure that is true. But did you see that? He didn't want that stuff. He just walked in and said, "I'll take this, this, this, that, 2 of these, that, this" It was revolting. I bet he never laid eyes on any of that stuff after he purchased it. It was nothing but excess. If he were buying shit he actually wanted, I wouldn't feel this way.

Yea but once you get past a certain point and you know you have a decent income, luqidity and safty is definatly more important than getting a high return.

I'm only 21 and poor compared to you.... So I choose to sqeeze with all my might.

Go for the house, much better investment

man that sounds awesome, just look at it as an investment, since it will probably only increase in value over time..

Yup there are stories like that for items that cost way over 20K, maybe thats why hes in debt 200 million dollars

http://in.news.yahoo.com/031201/139/29zx5.html

Precisely, you can't take it with you so you'd better enjoy at least a little of it while you can...

as we near the 2010 olympics, the property value will only go up - especially in that location. but the real reason i'm interested - is the almost year round access to snowboarding. and i've always wanted a true ski-in/ski-out property.

hmmm.....whistler real estate should be worth a nice chunk of money in about 5 years when the 2010 winter olympics is held there

Use it as a vacation rental when you aren't there.

Hey Quiet, what do you prefer? Banff or Whistler? I've never been to Banff in winter. How do you think they compare?

Then there you have provided your own answer - it's where you have always wanted to live and you can afford it so that is a definite positive.

It's located in an area where economic trends are not going to affect it's value for the foreseeable future - another definite positive.

So where are the negatives?

If there aren't any concrete ones but only phantoms then it's time to take a deep breath and pull out the check book :)

i have a lot more experience with Banff. it's great, but colder, and a shorter ski/snowboard season (the glacier in Blackcomb stays open till august). you can't get anything like ski-in/ski-out in Banff. however, Banff is definitely much more beautiful than Whistler. More of an 'arts' feel to Banff as well. prices are much, much better in Banff.

close, but no cigar ;)

heh that sounds just like what you described too

Sounds like a wise choice to me. :)

Why else do we do this but to indulge our passions without having to worry about trivialities?

I always use the rocking chair test - if you were sitting in your rocking chair as an old man, thinking about your life, how it had been and what you'd done - how would you feel if you had or hadn't done whatever you're trying to make up your mind about?

Of all the things to spend your money on real estate is one of the safest, so far you have only listed positives, so what are some of the negatives that are holding you back? Just the sum of money involved? Like you said you probably will have plenty in reserve even after the purchase, and the likelihood that you wont be able to recover your initial investment is also much smaller with real estate than just about anything else.

this is all our parents fault.....

they taught us all about WORK,
NONE of us was taught how to spend money.....

I still don't pay $9 for a hot dog in London just because I can afford it
;-))))

Second guess :)

This one?

now thats expensive:( 3 bedrooms for 1,4 mil? damn

Hey Quiet. Read this post again man. I think you sound like you really do want it. Just go for it. Like you say the value will only increase!

I dunno how much you earn but I know you have some money. If there ever comes a time you need cash quickly - sell this place and make a tidy profit.

Good luck :)

You made my day with that sentence. :winkwink:
Thanks, it's possible that it will change my life :) :thumbsup :glugglug