must be pretty nice. Bought mom a BMW.
Agreed, but hopefully it's a either lease or just part of a deal that he has without having to actually pay for it.He should’ve put that money in a low cost index fund. Buying a brand new luxury vehicle that will depreciate 30% the second you drive it off the lot is not fiscally responsible!
Can’t blame anyone for living for today in this upside down country.He should’ve put that money in a low cost index fund. Buying a brand new luxury vehicle that will depreciate 30% the second you drive it off the lot is not fiscally responsible!
Yeah I bet he’s gonna be alright.All you can do is laugh. I feel bad for them.
If he bought it, that's not a good start.Yeah I bet he’s gonna be alright.
I actually expect him to be the most surprising player on the team.He may have enough that a bmw is a splash in the pan. Either way, ball out next year and it will not matter.
There are countless former pros who are not alright because they made bad choices due to financial illiteracy and undisciplined spending. He might be alright, but getting involved with luxury cars at the first taste of some money (not even millions) is a red flag. That's why I'm hoping that he didn't actually purchase this car, and that he just has an NIL deal with the dealership that isn't costing him out of pocket on the sticker price of the vehicle.Dude has likely Pro upside. He'll be alright.
All you can do is laugh. I feel bad for them.
Probably only 1% of 20 year olds even know what an index fund is. Buying a BMW SUV is not a horrific purchase like buying a 200k sports car or something extravagant like that.He should’ve put that money in a low cost index fund. Buying a brand new luxury vehicle that will depreciate 30% the second you drive it off the lot is not fiscally responsible!
Probably only 1% of 20 year olds even know what an index fund is. Buying a BMW SUV is not a horrific purchase like buying a 200k sports car or something extravagant like that.
Talking about the money for the car.How do you know that he didn’t?
yep cause pros always typically make great finical decisionsDude has likely Pro upside. He'll be alright.
I mostly saw Mustangs. I was older and married when I joined. Them young dudes were amazingly stupid with money, then complained non-stop about their pay. They'd never once payed a mortgage or their own medical insurance. I lived off base (cause I was married), in a house, and they thought I some financial genius. Oh, to be young and naive.Reminds me of my Marine Corp days. Every E1 would go to the dealership off base and get a brand new F150 lol.
No one said a thing that was racist. What little racism is left in the world is the fault of people like you, who love to throw that insult around without any provocation whatsoever. Get help man.lol, there’s so much thinly veiled racism in this thread. He’s a kid. Kids buy things like this. He bought it for his mom. 99.9% of you would have bought a car for yourself and nothing for anyone else, much less higher a financial planner at that age.
I think everyone has good points. I would have bought my Mom a car too if I could. Still would. Don't blame him. But, it's a legit concern that young college kids getting paid a lot of money now won't have the restraint to be responsible with it.Gonna assume anyone who has a problem with this still has their mother. Couldn’t think of a better way to spend money than her.
Ladies and blow?Spend that money.. I blew through 6 figures I won from comp in less than 3 mths a couple years ago.. Regret nothing..
"I'll tell ya what I'd do, man....".Ladies and blow?
2 chicks at the same time."I'll tell ya what I'd do, man....".
Greed isn't just an American societal issue, it's an international problem. Money. It's always about the money, first and foremost, even those that have tons want more.Can’t blame anyone for living for today in this upside down country.
A BMW today is hardly a "luxury" car. Maybe the higher models, but the 300 series can be bought for less than a brand new Subaru.There are countless former pros who are not alright because they made bad choices due to financial illiteracy and undisciplined spending. He might be alright, but getting involved with luxury cars at the first taste of some money (not even millions) is a red flag. That's why I'm hoping that he didn't actually purchase this car, and that he just has an NIL deal with the dealership that isn't costing him out of pocket on the sticker price of the vehicle.
This isn't wrong, but it also assumes he paid for it at full price.He should’ve put that money in a low cost index fund. Buying a brand new luxury vehicle that will depreciate 30% the second you drive it off the lot is not fiscally responsible!
lol, not talking about greed at all. Talking about this being a laugher of a country at the present moment. Enjoy your day, dude.Greed isn't just an American societal issue, it's an international problem. Money. It's always about the money, first and foremost, even those that have tons want more.
Nope, but I think it’s pretty telling that you do. Lonzo Ball got the same treatment when he entered the league. Get over it you candy ***.he can do what he wants with his money. its nice to do that for his mom. BigKari and Tubby though I bet you don't think WNBA players are being racist over Clark's color either..
Yeah, my apologies for getting caught up in it. I know better.Yep. I'm over that garbage too. No sense in it, or time for it.