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 the Junior KAT fund(please read) (Page 1)
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| Author | Topic: the Junior KAT fund(please read) |
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junior420 Prowler Junkie From:new jersey |
posted 03-14-2006 02:54 PM
    
hello everyone. today my father droped the bomb on me. as a lot of you know i am 20 and i still live under my fathers roof!. My father gave me some advice and told me not to finance the prowler unless i have more than half. i do have a job to keep me busy when im not in school so that helps. i can not sell my rover due to weather issues so thats a minus. Now i came up with a plan. i am planning on buying those Prowler models wich you paint and glue together. so ill handmake them and sell them on ebay untill i make enough. just so i dont feel like i owe a lot to the bank later on. any thoughts? |
ViperGTS99 Prowler Enthusiast From:Bavaria |
posted 03-14-2006 02:57 PM
Good father. |
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junior420 Prowler Junkie From:new jersey |
posted 03-14-2006 03:03 PM
he is and this is why im going to listen to him and not jump into things but what about my idea? |
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obi-wan Prowler Junkie From:Los Altos, CA, USA |
posted 03-14-2006 03:14 PM
I think it will be worth the wait. Sounds like your dad has a good idea. The way I see it after being in the crazy car stuff all me life is that the real cost is after you buy what you want. The fun then begins. This means that more money than you ever could think of NEEDS to be spent on your baby. By having a reasonable car payment it is easier to come up with the bucks for all the goodies. I got a 7 year loan and it still has a year + to go but this made the payments within reason so I can play(and boy-do I) The model making sounds like a good idea, I hope you sell lots of 'em. Good luck and keep us posted, Obi-Wan |
tangled up in BLUE      POA Site Supporter Prowler Junkie From:New Castle, Ind |
posted 03-14-2006 03:54 PM
as a long time model builder, I think you would make a better hourly rate even at minimum wage than building and shipping models.... |
MDProwler     POA Site Supporter Prowler Junkie From:Fallston,MD USA |
posted 03-14-2006 04:18 PM
The last time we had an event the youngster that cleaned and detailed the cars made out real good. If your truly into cars detailing is rather easy to do with little startup money and becomes good nontaxable income. $100-$200 per car in your spare time can add up real quick. Summers Coming! |
ed monahan           POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 03-14-2006 04:29 PM
Your dad is correct in telling you not to jump into debt, especially at an early age. If you look at what you pay in interest on a loan over the life of it, you will be shocked. If you get into credit card debt it is really hard to ever get out of debt. Save up some bucks so you can afford the insurance, the gas, the extras and still have some money left to live and have fun. I doubt if you can make money selling model cars, but I am certainly not an expert on that, either. I would say starting a lawn care business would be a great idea for a young guy. The guys that I know that have those businesses seem to do really well. It is good to have a goal, like buying a Prowler to keep you motivated. Good luck with whatever you decide. |
Wayne Finch POA Site Supporter Prowler Junkie Personal ScrapBook From:Toronto, Canada |
posted 03-14-2006 04:43 PM
quote:
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BeWare POA Site Supporter Prowler Junkie From:Acworth , Georgia , USA |
posted 03-14-2006 04:43 PM
quote: I agree with Larry, I am a Prowler owner, collector and in general a Prowler fanatic. I am also a long time model builder. I have over 200 Prowler replica's in my collection in all scales. I stay away from pre built model kits. They are easily broken in shipment, and are also rarely of any value as a collectible. |
Dave Mills POA Site Supporter Prowler Junkie Personal ScrapBook From:Johnstown, PA, USA |
posted 03-14-2006 04:45 PM
I started buying cars when I was 16 and I have always been in debt with my cars. Everyone has to decide for themselves and I have been willing to do that. That said, listen to what your Dad says, he knows what he is talking about. As for the model building, I bought a purple kit and turned it over to a model builder. He changed it to yellow and removed the bumpers, pinstriped it to match my car and trailer and even lettered the license plate to match my car and trailer. When it was done, charging me his standard model rate of $75.00, he figures he made about $4.00 an hour. |
Kruisin Kat Prowler Junkie From:Rochester, NH, USA |
posted 03-14-2006 05:09 PM
I would second the idea of detailing cars and trucks. If you could at some point have a steady average of one a day, that would make some real serious money for a young guy. |
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Feral Prowler Junkie From:Hawthorne, CA 90250 |
posted 03-14-2006 05:32 PM
Junior, You're on the right track with ebay. But what you sell doesn't just have to be prowler related. Study ebay and find something you can specialize in. There was a toy store near us that was going out of business. Towards their final days, they cut everything to 65% off the last markdown price. My son bought over 200ea.Code Three brand die-cast fire trucks. He sold all of them over a three month period through ebay to firefighters that absolutely love these things and tripled his money. Buy low, sell high. Heck, Maybe you'll be the guy to come up with a way to produce clear side marker lights at a reasonable price! Whatever it is, concentrate on finding a reasonably priced source for a good product and the money will follow. Good Luck. |
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halicat unregistered Admin Use |
posted 03-14-2006 05:34 PM
if you are artisticly inclined at all you might look into learning about making stained glass... its not hard to do, lessons are somewhat inexpensive, about $500 will get you all the tools you would need.... I started out 25 years ago, learned from a book and the "trial & error method".... its labour intensive so most of what you sell is labor $ ...friends and family were my first customers, they bought my stuff for gifts at christmas and weddings and stuff. I've always been able to sell as much as i could make and have had to turn down work on many occasions as it was hard to keep up with the demand. I have sold over $10,000 worth one year when I into it. Check out your area to see if there is much competition. It is a very rewarding hobby and once you can design your own patterns, the sky is the limit. Stay away from Lamps and the asian mass produced items... they sell at below your cost and some folks don't recognize quality. e-mail me if your needing and info.. Jim
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DR PROWLER POA Site Supporter Prowler Florist From:TORONTO,ONTARIO,CANADA |
posted 03-14-2006 06:22 PM
Whenever you have a passion for something...you're half way there! Your idea certainly sounds pretty cool if you have the time and energy to do it.There may be other things that you could do,but it may not be your thing. And being in debt is really not that bad after all....it gives you the drive to get up every morning and work extra hard to pay it off.I've invested a lot of time and money(debt)in my cars over the years with absolutely no regrets.You only live once! Best of luck,Junior! |
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Dave Mills POA Site Supporter Prowler Junkie Personal ScrapBook From:Johnstown, PA, USA |
posted 03-14-2006 06:29 PM
Gee Roman, you sound like me! |
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DR PROWLER POA Site Supporter Prowler Florist From:TORONTO,ONTARIO,CANADA |
posted 03-14-2006 06:31 PM
quote:
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junior420 Prowler Junkie From:new jersey |
posted 03-14-2006 06:50 PM
WOW really appreciate all the wonderful replies. you guys are like a bunch of different dads. and halicat your stuff is great i may just get into that. my parents also own a couple of subway restaurants and bakeries that i caan work in. i always been the spoiled little brat but i cant let go of the feeling i had yesterday when i drve that kat. keep em coming guys i really appreciate the inputs and love in this forum. |
Kevin A POA Site Supporter Prowler Junkie From:Gahanna, Ohio |
posted 03-14-2006 06:55 PM
Your father is right in terms of not financing an item that is a bit of an extravagance like a Prowler. I waited until I could pay cash for mine so I wouldn't feel guilty about making a payment on it at the expense of the family finances. You're young, and if you don't have a savings account started for a house, retirement, etc., that should take priority now. Things like the Prowler come in good time. Make it a goal and you wil achieve it. Gee I sound like an old fart! (42, husband, father of 3 teens/near teens) |
softns49 POA Site Supporter Prowler Junkie From:Glen Burnie Maryland |
posted 03-14-2006 09:30 PM
very nice lamp Jim... I just bought a model of a prowler tonight after looking at it I think I will have my son put it together  ------------------ |
GenoTex POA Site Supporter Prowler Junkie Personal ScrapBook From:Oakfield, WI, USA |
posted 03-14-2006 10:12 PM
Nice stained glass work there Jim... a very good friend of mine has done some pieces for me  He's the artist, I'm just the fortunate one to receive them. Pure art. With my loves of Texas and astronomy, these are a couple of his pieces...
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softns49 POA Site Supporter Prowler Junkie From:Glen Burnie Maryland |
posted 03-14-2006 10:15 PM
Very nice work!! ------------------ |
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YellowFever unregistered Admin Use |
posted 03-15-2006 03:27 PM
Your dad is right. You have the rest of your life to be in debt. Enjoy life while you have the freedom and time to. It goes by so fast. If you don't, one day you will wake up, totally in debt, married, 3 kids, working like a maniac, and wondering when you will ever get a day off. Oh wait, that is me! LOL!!! Seriously, enjoy being a kid. You will have plenty of time for a prowler later. BTW-if intent on selling things on eBay, research it first and sell something that will appeal to alot of folks. Prowler items are for a very finite group and of that group only a small percentage would consider buying. So pick something with a huge target audience. I started selling a bunch of junk lying around the house on eBay and made good money but, found the whole thing of packaging, going to the post office, picking up checks, answering emails, dealing with all sorts of flakes that would not buy after winning bid, etc. just too much of a hassle for the money but, that was me. |
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Dead End Don Prowler Junkie From:Palos Verdes, California USA |
posted 03-16-2006 02:24 PM
If your family owns restaurants, start there... Get a job sweeping up at night if you have to, for minimum wage. Learn the business from the bottom up, because it will be an education that you can always use, no matter what field you go into. Save your pay, and wait until you can avoid a big loan. As a dad, I know first hand how easy it is to get in over your head, but remember that you're gonna be owing on that loan until you're nearly 30, and priorities change. YOu may not want to be stuck with a $500 a month payment if you are starting a business, getting married, etc. I also like the auto detailing idea, but definitely get a job, start learning the business world, and save your $$$$. No 20 year old needs to start off their adult life with a $30,000 debt. |
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junior420 Prowler Junkie From:new jersey |
posted 03-16-2006 02:29 PM
DEad you are right. i do have a job though at my parenst restaurant. i been doing it for 4 years now. i get paid pretty good actually. When my parents go on vacation im the one who runs the place!. Now if i was to find a high mileage prowler in good condition for about 25 thou should i buy it? i would only be left wiht about 4grand in debt. |
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YellowFever unregistered Admin Use |
posted 03-16-2006 02:54 PM
quote: If you have 25K, at your age, INVEST IT. You have your whole life to be in debt. Prowlers will not go away and most folks don't drive theirs much so in 3-5-10 years you can still find low mileage ones. If invested right, in 3-5 years your investment could pay for one cash and still leave your principle intact. The restaurant bit struck a cord with me. My family had a string of B-B-Q places and from the age of 11, I worked every crap job there could possibly be growing up. While all my buddies where working on their tans and sitting by the pool all Summer, I was working the lawnmower or cleaning the toilets, or busing tables. Sick hours, virtually no pay and half of that went for my college fund. I think I was the only kid at school by the time of high school that appreciated the value of a $1. I really didn't like it back then but, honestly I think it is what gave me the drive to this day and why I have been so successful. Ultimately, you will do what you want to do but, if it were me, I'd sit back and smell the roses and not be in debt at 20. You have your entire life to be holding to other entities.......... My 0.07653 cents (was 2 cents before taxes..) |
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