Took the Boxster out for date Saturday

[blinkwatt]

Its not like my parents buy me anything except the food in the house I eat. I work almost 40 hours a week for $9 a hour w/benefits and my side job for eBay. I'm lucky enough to know how to manage my money at a young age(18). I think many young people would have more money to live a higher quality life if they realize a couple of things;moving out as soon as you are 18 is one of the worst finicial decisions you can make and they should be riding out their parents until 22 or 23 if possible (you NEVER see the rent money again,instead it could be saved for a down payment on a house). All this technology,iPods and such are waste in my opinoin because they all devalue fast and instead they money should be put into the stock market(I will venture in this area shortly).

[986Jim]

I get the gears from my neighbours, family and friends too, I know how it is. I'm 29 and my wife 26 and we own a pretty nice house, have the Boxster and a Jetta that's all done up too.. I have the Talon and bikes and a lot of other fancy crap in the house (Plasma Tv's really nice furnature etc..) so people always assume that my parents bought it for me or the Boxster is my dad's car etc..

Honestly it kinda stucks, because we work hard and make good money and spend it wisely and because of that have nice things. People always assume that my parents bought it for me or that its a rental etc.. It's really a pain in the ass.

On the contrary I moved out at 18 and it taught me to control my money better. I find kids who live at home waste their money on things like cars and never learn to save it. I'm not saying that is your situation blinkwatt however it is the case of many kids your age. I'm a licensed Investment Consultant for Canada's leading investment bank and see kids waste their money all the time on dumb stuff. It seems the first thing they do when done school is take a 30k loan for a car they don't need and can't afford or worse yet lease it.

[denverpete]

Originally Posted by blinkwatt

Its not like my parents buy me anything except the food in the house I eat. I work almost 40 hours a week for $9 a hour w/benefits and my side job for eBay. I'm lucky enough to know how to manage my money at a young age(18). I think many young people would have more money to live a higher quality life if they realize a couple of things;moving out as soon as you are 18 is one of the worst finicial decisions you can make and they should be riding out their parents until 22 or 23 if possible (you NEVER see the rent money again,instead it could be saved for a down payment on a house). All this technology,iPods and such are waste in my opinoin because they all devalue fast and instead they money should be put into the stock market(I will venture in this area shortly).

I suppose if it works for you. But I'd like to point out a couple of things.

First, your parents really do pay for alot more than just the food you eat - they also pay for where you live (no small expense).

Second, I don't consider "living with the parents" so you can buy a Porsche to be money management - I consider that to be "sponging". Don't get me wrong, you're 18, I don't see anything wrong with living at home at 18 provided that you're still in school or going to college. If you're not in school then you need to get your own place and start paying your own expenses. You've got enough money to buy, maintain, upgrade, and insure a Porche but not move out or help out with rent?

Third, how much money can you possibly be "managing" at $9/hr plus Ebay? But hey, I guess it's easy to "manage money" when you sponge off your parents.

Anyway, just my 2 cents. Good luck with your plan.