Thread: Build Costs
View Single Post
  #10  
Old 09-19-2014, 06:22 AM
rickpaw rickpaw is offline
Senior Member
 
Join Date: Jan 2010
Location: Houston, Tx
Posts: 889
Thanks: 24
Thanked 26 Times in 20 Posts
Default

Quote:
Originally Posted by TheJDMan View Post
To be honest, I was fortunate to fund Dust Off. I could just as easily have wound up with nothing. I had been saving for the build for several years and had a little over $15,000 saved. When the housing market and stocks took a dump during the 2007-8 recession and everyone was getting out of the stock market, it became increasingly apparent to me that stock prices were not likely to go much lower. Then when I heard one economist comment that stocks were at a 60 year low, I purchased $15,000 worth of stocks and crossed my fingers. This was either going to be the best or the worst investment decision I had ever made. Three years later my stock portfolio had increased in value by a cumulative factor of more than 4 times and it was time to sell. Believe it or don't, but that is how I funded my project.
That is an excellent way to fund your project.

Quote:
Originally Posted by ironworks View Post
Knowing what I know now, I would just marry up and go way above my pay grade.

Hindsight is always 20/20.
Yup. Should have married into a rich family, that likes you. My inlaws hate my guts.

My case, I built my 67 over the course of 4 years by myself. Did everything other than final paint and engine machining. One small purchase at a time, set the game plan and stick to it. Doing things over will cost you $$$ and time.

IMO, the more you work on the car yourself, the more money you will save.
__________________
Tu Ho
67 Firebird (aka "Money Pit")-5.3/4l60e, restomod.
https://lateral-g.net/forums/showthread.php4?t=43170
Reply With Quote