Sad day...

[MaxHarvard]

Originally Posted by Stuart Adams

After reading your posts - keep it and try and find a higher paying job in the near future. JMO.

Trust me... i'm in about the highest paying job in my field at this point in my career. The only higher paid people only make about $2-3,000 more than me.

Thanks for the suggestions and help guys... just got off the phone with some financial people and looks like the news isnt as dire as i thought... but still NOT GOOD.

I have about $22-23,000 into it in parts, not including my time and effort, getting $30,000 wouldnt be all bad i suppose.

[Ummgawa]

Dude i would suggest taking ONE class toward a PhD. I believe that your student loans would be postponed until then, Heck even if you take a welding class at a the local community college, you are a student.

[tomsullivan]

i dont know if this would help or not but there is a business in selling websites.

depending on the amounts of hits you get at http://anti-rice.com/, that could be an option.
http://www.sitepoint.com/marketplace/?

i have seen sites go for 20k

lateral-g i think would go for more than 20k depending on its revenue

[mazspeed]

Originally Posted by MaxHarvard

Trust me... i'm in about the highest paying job in my field at this point in my career. The only higher paid people only make about $2-3,000 more than me.

Thanks for the suggestions and help guys... just got off the phone with some financial people and looks like the news isnt as dire as i thought... but still NOT GOOD.

I have about $22-23,000 into it in parts, not including my time and effort, getting $30,000 wouldnt be all bad i suppose.

At least you're a responsible person in knowing what you owe. You're young and have a lot of time to build up anything you want in the future if you do in fact sell your car. It's just a car.

[Mr.VENGEANCE]

Keep the car..

there is plenty enough money in the world.. they print more each day..

youll regret loosing the car when youve dropped heart and soul into it.. youll just have to tough up and hustle hard.

believe me.. i was in the same boat.

just dont get down on yourself.. that wont pay anything.

tuff up buddy..

[71Nova]

Man that is sad. I know from your post that you are a lot like me and would be kind of empty if you lost your project. Almost 800 posts and one project says it all. I know in California you can not file BK on a student loan. I know that most student loans are pretty flexable. They can usually lower your payments if you ask them to, especially if you can show financial hardship. Try real hard to hold onto her because she is unreplaceable. Georgeous car.

[MaxHarvard]

Thanks guys for all the support.

I remember many years ago, i was talking to the wife and i remember distinctly her saying, "The last thing we'll do for money is to sell the Camaro"... now you see why I married her

support from her and you guys has been great, i really appreciate it, it helps a lot.

I'm still mulling over my options and talking to banks and financial people to see what i can do. I guess paying for an appraisal wouldnt hurt things, unless they came back and said $800 for the car... LOL.

I found some inexpensive options for throwing the T56 in the car, so that should raise the value quite a bit i'm guessing.

We'll see how it goes. Thanks again.

[Rob07002]

Sorry your having a hard time, but don't sell it!

1) if current job/career isn't paying enough you need to move on to one that does. With an MBA I can't imagine youhaving a hard time switching careers.

2) You mentioned owning a home. Have you looked into home equity loans/lines of credit? With today's rate still historicaly very low you could refi or take a second mortgage. Hell they even have 40 yr fixed which would help until your in better shape and then you can refi a few years down the road.

3) I would suggest talking with the loan departments. The last thing they want is someone to default and not pay at all. Even if they get half the usual payment per month it's better then nothing or if they send it to collection and get $.40 on the dollar.

Good Luck! and things will definatly get better! It takes time and strength, but it does work out, trust me!

[markss28]

So what exactly do you do?

Have you tried praying?

If you have a masters and your job cant support you its time to find a new one. Seriously I have been able to find jobs anywhere in the US. I know you probably dont want to move away but seomtimes that maybe the option.

If you decide to sell your car, sell it for what its worth to you not because your desperate. and take nothing less.

[MaxHarvard]

I'll Rob's and mark's questions together.

I dont have an MBA... thank god. I cant stand business models/meetings/managerial garbage.

I have a MA in psychology, currently i'm working as a therapist for adults with severe mental illness. I dont really care if people know what i make, so i'll just tell you. I make $30,000/year. On the nose, exactly 30,000. which in my field is damn good. Also, my benefits are very healthy, i get 4 weeks vacation and some other perks as well. After taxes and insurance it comes out to about 1500-1600 a month. After house payment, bills, gas, food..etc... there isnt much left over, let alone for school payments.

Once i become a licensed therapist the pay goes up considerably from 40-60,000 dollars. I have to wait 2 years to get licensed, after 2 REALLY expensive tests i have to pass. Independant licensed professionals in my field can make $100K+ if they are good.

I chose this field because i really like the work, i enjoy helping people and i feel a sense of helping society in a big way. I never felt that way while I was managing auto parts stores.

Mark: I dont pray, i'm Buddhist, i meditate. You didnt know that, so no worries.

EDIT: finding jobs is a pain too, i'm lucky to have the one i have now. alot of my colleagues are working long hours and getting nothing in return as far as work and pay. My last job didnt like paying me... at all. So i threatened to sue and got my money and quit.