We all -- always have to have cash for car projects... Hell -- I've spent more money on cars and shops and tools and stuff than anyone I know but Charley...
BUT -- the ever present big butt -- I did that AFTER I could afford to. Like I always tell the kids -- "you can't spend your way to wealth". So I'm all for crazy car stuff... but it's my savings and investing that allows me to be able to do that. Another thing I tell my kids (they don't listen) is -- if you get $1000 for a bonus -- save HALF -- and blow the other half... but it's the saving half that will pay off in the end.
Had a buddy - he was budgeting $85K for a 3 year car build... and we got to discussing that. He had no money in the bank - but was willing to spend $85K building a car (that was going to cost him $125K.... like we all know!). He was YOUNG at 30 years old.... All I could do in my head was run the numbers that if he had the ABILITY to spend $85K in three years -- what he could SAVE and how much car he could build when he was 50 and pay cash and not bat an eye. But he started building the car anyway - then the overtime went away - then the house - and the car....
