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Started By
Message
re: Jeremy Hill new ride
Posted on 6/23/14 at 9:24 pm to Jones
Posted on 6/23/14 at 9:24 pm to Jones
quote:
Most people on average have an income that lasts longer than 3 years. Its a dumb purchase no matter how you try and spin it
quote:
According to the US Census Bureau persons with doctorates in the United States had an average income of roughly $81,400
To get to 4.8 mill, they'd have to work nearly 60 years. In that same time, they will have at least two houses ranging from 100k to God knows, and several car purchases. Not to add in their hobbies (golf, season tickets, other bullshite), kids, etc.
He could buy a couple cars, 2 homes, with even greater expenses, and still live well for half that time. If he manages his money, he could leave a big inheritance to his kids. You know nothing of how he will use his money looking forward. Knee jerk reactions are this country in a nutshell though.
This post was edited on 6/23/14 at 9:26 pm
1
Posted on 6/23/14 at 9:26 pm to thunderbird1100
I'll probably get a jeep next summer but I am a tight arse so it will kill me to spend the money. I won't say how good my truck runs in risk of jinxing it.
Posted on 6/23/14 at 9:31 pm to dj30
quote:
I'm not the one criticizing him because he's a young back male.
Naw, their doing it because they expect everybody to play cheapskate with their first purchase after getting a million dollars. It is bullshite because the majority of people would do the same thing. You can talk about it five years down the road, but to consider it dumb is just the opinion of those who have never gotten a check like that before.
Posted on 6/23/14 at 9:33 pm to thunderbird1100
He should take his guaranteed money, divide it by 20, then live like a reasonable person would on that income. After each years income comes in, recalculate, and live at that level divided by 20. If he has a long career, he will live well for a long time. But in the worst case scenario, he would still be off to a good start in life. He should buy a $175k house and a $35k vehicle. If he likes sports cars, the retro looking Ford Mustang is nice as is the Chevy Camaro. If he is into foreign cars, Acura and Lexus make some sporty models.
Posted on 6/23/14 at 9:34 pm to Y.A. Tittle
LSU should really make a money management course mandatory
Posted on 6/23/14 at 9:38 pm to recruitnik
quote:
Yep, I'd guess it's a quarter of his bonus. That would've made a nice investment which wouldn't lose 15% of its value immediately. So one thing running fast can't do is teach you simple economic logic.
A nice investment on what? He has no idea what to invest in. A lot of people are thinking with their 10+ years after college brain instead of a guy just getting out of college. He can use another half of it on his house, and then save the rest and just buy stuff on his salary.
A signing bonus 1 mill or below, should just be getting you settled in. Save a little, buy your house and car, and that's it.
Posted on 6/23/14 at 9:39 pm to LSU_Saints_Hornets
Jeremy must have never watched baby boy
gunz and butta baby
gunz and butta baby
Posted on 6/23/14 at 9:39 pm to MrJimBeam
It's funny that people think he spent cash on this 
Posted on 6/23/14 at 9:43 pm to Adam4LSU
Only live once ...go ahead Jeremy
Posted on 6/23/14 at 9:48 pm to burke985
probably leased it
Posted on 6/23/14 at 9:58 pm to boxcar willie
quote:
He should buy a $175k house and a $35k vehicle.
I agree this is a dumb purchase but come on 175k house? Maybe a condo in Cincinnati for that price.
Posted on 6/23/14 at 10:00 pm to Mshargois3
J-Hill will be okay. He just needs to make sure he dont go knocking up hoes.
Posted on 6/23/14 at 10:02 pm to Mobiletiger
I have never seen so many grown people jealous of a young draftee making a purchase that he is very elated about in general. The kid has been through a lot and he has rewarded himself with a prize.
Stop sucking on his 'NUTS' and get them out of your mouth with so much envy. Let the kid live out his dream...after all, it is not yours.
Go Jeremy!
Stop sucking on his 'NUTS' and get them out of your mouth with so much envy. Let the kid live out his dream...after all, it is not yours.
Go Jeremy!
Posted on 6/23/14 at 10:15 pm to Mshargois3
Better jetison the 'boys from the hood' to stay out of trouble and hang on to your money. A posse gets real expensive.
Posted on 6/23/14 at 10:50 pm to thunderbird1100
quote:
$140k actually for the coupe, but once agian he's likely leasing it
Base is under $130k for the coupe, but you won't find one on the lot for that however.
This post was edited on 6/23/14 at 10:51 pm
Posted on 6/23/14 at 11:19 pm to LSU_Saints_Hornets
quote:
LSU should really make a money management course mandatory
Hon it wouldn't help the NFL makes it a mandatory and every year we have foolishness like this happening but hey it's a 21 year old with hundreds of Thousands/Millions of dollars and they think it is going to last forever with that career of 3-7 year average...I am willing to bet any of you that is not all he has bought (mama, daddy, girl, sister, brother) a car or house...bar and dinner tab is on him right now with his boys...Vince Young send help!
Posted on 6/23/14 at 11:50 pm to thunderbird1100
quote:
I do love my Acura RL but it's starting to become a money pit, need new steering column...
How do you need a new steering column in an Acura RL? I've had two and never came close to seeing or hearing of anything like this happen to them. A new Timing Belt I get.
They haven't been great sellers here in the US. They are wonderful cars, the logic and function of the AWD is well-done. Used they are great first cars for new drivers if that's what you need. New they are really nice.
Posted on 6/24/14 at 12:06 am to soccerfüt
Why are other people ways worrying how other people spend THEIR money??? Who gives a shite...it's not doing a damn thing to you.
I would've gotten a Ferrari myself. Black or red.
I would've gotten a Ferrari myself. Black or red.
Posted on 6/24/14 at 1:14 am to PhiTiger1764
quote:Well everyone says he is a great running back but no one accused him of being smart or knowing anything about investing and personal finance. And yeah he will be bankrupt eventually. Most NFL players end up that way. They don't understand that after taxes and insurance and all that other good stuff that they won't get anywhere what their contract says.
Pretty fricking stupid purchase. But hey good for him.
Posted on 6/24/14 at 2:09 am to Datbayoubengal
7 pages?
Wtf
Wtf
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