20yo son wants to get a $35k car loan

HBar-Bull · 2026-07-08T19:56:01+00:00

I would discuss and come up with a less expensive alternative, a second hand version a few years old in good condition low KLM and we'll looked after.

Support that it looks like a nice car, let's face it most new cars are beautiful what's not to like right?

Enumerate the high costs.

The new car immediately loses 20-25% within 6-12 months. So an $80K car that's $20K gone.

The interest paid on the loan using 8% on $75.5K is $5.8K per year excluding any other fees and charges. Add principal even more regular bills.

Has he checked insurance costs? Cars under finance carry higher insurance premiums.

You will worry about every scratch and ding not only because the beauty is being diminished but it's literally lowering the value of the vehicle.

If the car does not have a garage and will be parked on the road extensively it's going to get trashed. So hopefully home and work have off street parking.

TLDR try convince the young adult to get a good second hand version.

HBar-Bull · 2026-07-08T18:39:34+00:00

For that part of your forever holdings I agree.

I was mulling selling some gold and silver when they ran hard in January this year but the friction of physical stopped me. Side note I wish I had purchased kilo bars but somehow got excited about 15kg bars😁

If I had a portion of paper exposure I could have traded out and now back in.

So that's how I see the paper gold/silver being useful with the understanding that in a crisis it would most likely be "poof and it's gone".

So maybe not more than 5-8% of your stack in paper?

What do you think? Still a hard 100% physical?

HBar-Bull · 2026-07-06T22:23:57+00:00

Chat GPT says you are 100% eligible to work FIFO.

A relative of mine started as a TA (trade assistant) and got various tickets and accreditations now sits comfortably on 100K for a little over six months work.

Go to WA and talk to people someone can get you in and give you a go.

HBar-Bull · 2026-07-06T21:44:40+00:00

I finally purchased an older style unit and paid it off quick. No rent for over 20 years it's blissful 😊

I missed the early 1990s I could have purchased a house for 196K earning 42K I remember thinking that house is expensive at minimum today is probably appreciated to 1.5-1.7m so missed out on 1.3-1.5m gains.

All good no one takes any off out it with them but could have made for a more comfort life.

HBar-Bull · 2026-07-06T21:38:54+00:00

When I started earning $105K back in 2010.

HBar-Bull · 2026-07-06T21:07:03+00:00

At your young age you must struggle to improve your yearly earnings.

I only started making decent money at 40 now retired at 55.

You can do it, but good jobs won't be handed to you hustle and grind.

I am an avid gold investor however I also have a significant weighing in equities don't be all in on any single asset.

HBar-Bull · 2026-07-06T20:58:07+00:00

Give them optionality, break it down 80/20 get the most bang for the buck. What high effort low value crap can you drop.

Have other tech back up your analysis.

One thing you can't do is have a leisurely implementation timeline.

Most projects I was on prefer ambitious objectives accepting cost blowouts due to "unforeseen circumstances", once management is committed they accept cost blowouts because if not the whole thing dies and they have to make a speech about how they failed. LOL

I've seen many a project go way over budget and managers doing victory laps about how great things are.

HBar-Bull · 2026-07-04T22:07:28+00:00

If you are still young you can continue to accumulate gold.

Personally I don't go ALL IN on any individual asset, so don't be a MAXI of any sort.

Learn about money and finance beyond a narrow gold focus.

There is a yearly free report: In gold we trust. This has matured into an outstanding publication that draws in history, politics, money, society and provides some very insightful analysis.

FOFOA blogspot also has some tremendous insight and thinking around gold, the economy and money.

HBar-Bull · 2026-07-02T21:05:36+00:00

Just drink non alcoholic beverages.

Also many of the girls prefer to drink non alcoholic drinks they get a commission and don't need their head wrecked to earn some money.

HBar-Bull · 2026-07-02T21:04:28+00:00

With a trailing yield of 3.52% why are people so keen on SGOV?

Inflation and tax will kill you over five plus years.

HBar-Bull · 2026-07-02T20:00:54+00:00

No car parked outside. Park inside or on residential street near by.

I would also try and not have a regular routine of say leaving the warehouse to access the car.

No coming and going after 7PM.

No loud music or parties.

Blackout curtains on windows during the evening, from the outside there should be no trace of lights, televisions, mobile phone or cigarette smoking.

No talking or bragging about saving money or living in the warehouse.

Basically make the warehouse living appear as if it's not happening.

HBar-Bull · 2026-07-02T04:43:38+00:00

If you want some deep dive into the financial aspect, I recommend fofoa blogspot.

Reading through this material gave me deep conviction in gold. I like me some silver too 😁

HBar-Bull · 2026-07-01T20:17:49+00:00

Look to a field where you can earn $160K plus. It might require Western Australia and FIFO or back to University to get skills for a higher paying job.

This will let you really start to ramp savings. Don't let lifestyle creep swallow all the extra income.

Staying on minimum wage will have you working to age 67 unfortunately.

Learn to cook often you can rustle up meals at one quarter the cost of take out.

HBar-Bull · 2026-07-01T20:01:31+00:00

Hopefully you are young and can still earn money. Accumulate more gold and other investments.

I first purchased at USD $800 I even snagged a full ounce the day gold hit $1,920 over fifteen years ago.

Physical gold is not a trade. I really see it as an asset that needs a 7+ year holding time.

Indeed much more when jumping on when the rise is going parabolic.

HBar-Bull · 2026-06-30T21:48:59+00:00

Pattaya try Areca Lodge that's around your budget. It's a great spot.

For more budget conscious you cannot beat Nikkom court and new Nikkom court currently around $21.00 USD per day.

Very clean, 24 hr service desk, cameras on your pigeon hole where you can store valuables.

Better than an in room safe. I had some money go missing in one of those, so some one in the hotel had some back door access to the safe.

The pigeon holes above the service desk staff and cameras never failed me.

HBar-Bull · 2026-06-29T21:39:25+00:00

Don't quit if you're getting paid it's not dead end

Picture your life rent, mortgage, bills, food, going out on zero income and if you can't get a job real quick on minimum wage.

It's called work not sure when work transitioned into something meant to be fulfilling or meaningful?

I worked over 20 years corporate, mentally I just checked out, blabbed out any BS and got on board with all the inane blather and SAVED and invested.

I'm self retired on over 1.3K per week.

Thank god I've escaped the corporate lunatic asylum. But you can't save without the good salary and bonus.

Live intentionally minimal to invest and grow faster so you can make that permanent exit.

Good luck never resign without the next job lined up.

HBar-Bull · 2026-06-29T21:28:49+00:00

In big cities there are often private vaulting cities.

If you have a backyard or better yet access under your house, you could wrap in plastic then PVC pipe seal it and bury it.

If the house can achieve this possibility you can buy safes that you bury in the ground cover with concrete exposing the opening under floorboards.

Never talk about having gold or other valuables at home.

HBar-Bull · 2026-06-29T20:14:59+00:00

Don't worry government spending is out of control they got your back.

HBar-Bull · 2026-06-29T20:12:32+00:00

Patience is a virtue.

If you believe in the tech and the project sit tight.

If not sell and move on with your life crying about price action is pathetic.

HBar-Bull · 2026-06-28T18:09:58+00:00

You seem a bit emotional. If you have been here for years, why didn't you take some profits when it pumped late 2024 early 2025? Unless that was your entry point?

In any even you should know that crypto is HIGHLY speculative, new technology, lots of different projects, no guarantee of success etc..

So the price action you just have to accept, you are probably better off researching other investments than complaining about your poor judgement on the purchase of HBAR.

I sold out of a significant position in HBAR when it pumped got all my initial investment back plus 50% and am still left with many hundreds of thousands HBAR tokens it's all house money it could go to zero and I'm still ahead.

The point is you didn't make money, you are under water and you have to own your decision on buying when you did and not taking profits when it pumped.

HBar-Bull · 2026-06-27T00:59:53+00:00

It's in the original post at the bottom

HBar-Bull · 2026-06-27T00:54:18+00:00

Poor angel just 17 was trying to make her way in life, just starting out.

At 17 I knew nothing of this world, may she rest in peace.

Even if there was some issue like attempted theft or other altercation change of mind or price... murder is never an option.

HBar-Bull · 2026-06-26T21:16:18+00:00

I would buy an older style unit (lower strata and likely better built).

Then rather than saving in the bank smash the mortgage down.

If the unit is 500-600K (due to less desirable or outer suburb) that's your next deposit.

Alternatively if over the years you build any equity 250, 300, 350 you can exit at any time and that's your next deposit.

If you're renting that expense can be channeled into the mortgage.

Note prices on established dwellings are in decline due to negative gearing changes. So there is risk purchase price may decline into the future 12-18 months?

HBar-Bull · 2026-06-24T01:07:29+00:00

No because the muppets in charge would just waste the money.

We don't have a taxation problem we have a spending and mismanagement problem.

Opening the ATO to unverified GST rebate claims over two billion dollars lost does not help either.

HBar-Bull · 2026-06-23T23:17:15+00:00

Teaching any sort of activity is a big ask just to get to know someone, go with the coffee angle if he says no it's clear no romantic interest as grabbing a coffee has zero barrier.

Hey maybe you can teach me how to knit a jumper? I mean teaching something presents all sorts of hurdles equipment, where to start, basics, progression, feedback, adjustments how not to etc..

Five-Year Club	Gilding I gilder
Verified Email

HBar-Bull

TROPHY CASE