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18K bonus???
Thread Starter
Melting Slicks
Joined: Jul 2006
Posts: 2,120
Likes: 24
From: Leavenworth, KS
18K bonus???
I am getting a bonus from work. I figure after taxes it will be around
$18K lump sum, should I buy another vette or upgrade my 97 C5 I have now (already a beutiful car)?????????
$18K lump sum, should I buy another vette or upgrade my 97 C5 I have now (already a beutiful car)?????????
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Melting Slicks
Joined: Oct 2006
Posts: 3,447
Likes: 6
From: Los Angeles
Since you are Army, I'm guessing its a re enslistment bonus? If that is the case, money like that is few and far between.
If it were me, I would take 3-5k and blow it on mods. Then I would take the remaining 13-15k and INVEST IT. You wont earn any return on your car except for smiles
... while I think that may be worth a couple grand, it's not worth 18k IMO, given the standard income of military personnel. 
If it were me, I would take 3-5k and blow it on mods. Then I would take the remaining 13-15k and INVEST IT. You wont earn any return on your car except for smiles
... while I think that may be worth a couple grand, it's not worth 18k IMO, given the standard income of military personnel.
Thread Starter
Melting Slicks
Joined: Jul 2006
Posts: 2,120
Likes: 24
From: Leavenworth, KS
Defender i agree but I am 100% debt free I pay cash for everything. And already invest $1000 a month between my IRA and other stocks. So basically it is free money to me to **** away. Yes military though.
Team Owner
Joined: Mar 2005
Posts: 32,269
Likes: 35
From: Somewhere between mild insanity and complete psychosis
Mods Baby!!!
Here's a sample idea, but there are many different routes to take:
Built tranny, rear, and converter or clutch = $5,000 at most
Forged 402cid motor w/civil cam, 490-500rwhp = $7,500
Front Big Brake kit = $1,600
That leaves around $4,000 towards installation costs. May go over budget some, but you'd have a smooth riding, 500rwhp stock c6 z06 killer.
Here's a sample idea, but there are many different routes to take:
Built tranny, rear, and converter or clutch = $5,000 at most
Forged 402cid motor w/civil cam, 490-500rwhp = $7,500
Front Big Brake kit = $1,600
That leaves around $4,000 towards installation costs. May go over budget some, but you'd have a smooth riding, 500rwhp stock c6 z06 killer.
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very nice car
Melting Slicks
Joined: Oct 2006
Posts: 3,447
Likes: 6
From: Los Angeles
You don't have to put it in your IRA you know.
There are other ventures to get into. I wouldn't rely on a military retirement to support you. Nothing wrong with blowing a little money, and since you are debt free you are certainly capable of blowing all of it without any ill effects... except maybe speeding tickets!At least you got 18 grand. Our re enlistment right now is a big fat ZERO. Not to mention our career field is undermanned, over 50% are deployed, and they are still doing mandatory retrains
$24K a year after taxes, Hooah!
Last edited by DefenderC5; Sep 14, 2007 at 04:53 PM.
Thread Starter
Melting Slicks
Joined: Jul 2006
Posts: 2,120
Likes: 24
From: Leavenworth, KS
Defender, I usually roll over $4,000 investments to my IRA in Jan so I get max interst for the year. The rest of the time its divided into a bunch of accounts. I am an officer with 10 years in. I probably would be in debt but I've been to Iraq 3 times and the pay is good and tax free. Anyway glad to see your doing well other than the 50% strength.
Melting Slicks
Joined: Feb 2007
Posts: 2,787
Likes: 139
From: center of Kalifornia
Go old school and save it for a rainy day!
