hey chaos, I'm not your age yet but I'm close enough (19). I have a horrible habit of being completely impulsive. Let me give you some examples. On a college budget, I have dropped over 6k into my pathfinder. Intake, performance comp, HIDS,
headlights, taillights, lights, STEREO, and security. I just recently dropped 1k onto a k40 Calibre radar detection system...I spent 100 bucks on supplies for painting my DOOR HANDLES. 1k on an amp, 700+ on speakers, and subs. I have put so much money in that car its ridiculous. Now I've gotten to the point where I've read about investing and everything and I'm TRYING to be more cautious with my spending. Those examples with putting the 12k in a fund with compounding interest are completely correct. The truth is, 12k for a paintjob like that is just not smart imo. Take this from someone who would consider doing something like that too
The truth is you will NEVER make that 12k back by selling it. Since we are so young, investing is the BEST thing you could do with it. Throw it in a IRA and you'll be set in 40 years. So thats my opinion. It would look great with a paintjob but seriously ask yourself if its worth it. BTW if your going to spend ANY of it, put it into something like the engine
