If you made 180K at 29 but basically hit the ceiling

[ClarityZedd]

The Tesla car sales model is going to destroy the corrupt dealership model. Better start looking for a new career.

yea yea yea I've been hearing that for a while

 

[zinfamous]

On the car I just bought, they sent an entire folder filled with docs and a McLaren pen to sign everything with. I think I had to sign my name over 30 times! It was crazy.

wtf man, you never updated your thread?

 

[IronWing]

yea yea yea I've been hearing that for a while

Why do key monkeys get paid on commission?

 

[Cozarkian]

did you not read the thread?

I really can't make any more than what I make unless I go to a different industry, which involves tremendous amount of risk/starting from scratch/etc...

I want to make a lot of money but I also want it to be very easy for me.

Then look for passive income opportunities. Buy houses to rent (and hire a manager if you want to be really lazy). Invest in a mechanic's shop (and refer your sales customers to it). Buy dividend stocks.

 

[Schfifty Five]

Who's alt are you? Mayne?

Thinkin' Zeze. That's all I see on this forum, Zeze and Clarity threads.

 

[Kaido]

The Tesla car sales model is going to destroy the corrupt dealership model. Better start looking for a new career.

There are two things I wish I could order off Amazon:

1. Healthcare insurance
2. Cars

Tesla's website is awesome...pick out your model, your color, your options, and they ship it right out to you. Go to a local place for a test-drive to see if you like it first. Easy peasy. I just don't want to pay $160k for a fully loaded Model X lol. Where's my Kia Soul with free 2-day shipping eh

 

[IronWing]

There are two things I wish I could order off Amazon:

1. Healthcare insurance
2. Cars

Tesla's website is awesome...pick out your model, your color, your options, and they ship it right out to you. Go to a local place for a test-drive to see if you like it first. Easy peasy. I just don't want to pay $160k for a fully loaded Model X lol. Where's my Kia Soul with free 2-day shipping eh

Talk to your state house representative. Car dealer bribes campaign contributions are the only thing between you and your dream.

 

[Kaido]

Talk to your state house representative. Car dealer bribes campaign contributions are the only thing between you and your dream.

Oddly enough, CT is one of the few states where you can't buy a Tesla directly in the state. I think the test-drive rep said you gotta order through NY.

 

[rbk123]

Take this guy's advice. Dump like $80k of that $100k into VTSAX, reinvest the dividends, and just let it coast.

A couple of thoughts/recommendations -
1. Take a few "Personal Finance" courses at your local Junior College. They will be dirt cheap and you can learn how the financial systems work, as well as pick your teachers' brains as long as they'll tolerate it. Normally they love that.
2. When you're ready, if you choose to invest in stocks, open a brokerage account. There's nothing you can't invest in, just like you do in your 401k, but rather the opposite - there's a bajillion more things you'll be able to invest in along with the same items in your 401k.
3. Read and study Warren Buffett. Start dollar-cost-averaging investing in stock index funds (I would recommend ETF's over any mutual fund). I would also recommend VOO over VTSAX. No fund manager or broker can outperform the S&P 500 over the longer haul (5-10 years). I'd probably recommend only d-c-a about 50% of your investment money now and then wait for the stock market to crash/correct, then I'd go all-in. 5 years after the crash it'll be back to what it was before the crash and so you'll reap all that gain, big-time.
4. Learn how to manage your money. Don't let someone else (broker) manage it for you. This is the most important point of all 4. Study. Read, read, read. Talk to other investors. Sign up for the Financial Samurai's newsletters. Etc... the more you know, the easier it will be, just like how you have selling cars down pat. That came with time and learning but now you are there.

 

[madoka]

Tesla's website is awesome...pick out your model, your color, your options, and they ship it right out to you. Go to a local place for a test-drive to see if you like it first. Easy peasy.

That system would be awesome, but I've hit a certain level of car where test drives are not easy to come by. I had to buy my last three cars, sight unseen, let alone with test drives. I depended on pictures and reviews. I never even stepped foot into the dealerships prior to buying them (except for GT-R).

 

[Red Squirrel]

Another idea is to invest everything in crypto. Otherwise you're not baller enough. Now is the time to buy, because it's so low. I would split 50/50 between Litecoin and Dogecoin.

Pay your bills, and everything left over put in the investment. Aim for living off 15k/year. Need to find an old van and a river with good scenery and you're set.

 

[Red Squirrel]

Also forgot: Facebook up, hit the lawyer, delete the gym.

 

[Kaido]

That system would be awesome, but I've hit a certain level of car where test drives are not easy to come by. I had to buy my last three cars, sight unseen, let alone with test drives. I depended on pictures and reviews. I never even stepped foot into the dealerships prior to buying them (except for GT-R).

If you're buying stuff like a GT-R, then you don't really need a test-drive persay now do you

 

[Kaido]

Pay your bills, and everything left over put in the investment. Aim for living off 15k/year. Need to find an old van and a river with good scenery and you're set.

I had a boss who lived off $12k a year. House paid off, car paid off, zero debt, made all food at home (unless it was expensed by the company). Basically just had house tax, car tax, gas, food, utilities. And had a wife and two kids on top of that!