Member of the Month

KilaTsunami
October, 2024

Online

Welcome to the Newschoolers forums! You may read the forums as a guest, however you must be a registered member to post. Register to become a member today!

New sled with student loans?

profile picture
iskeaah
Posts: 248 - Karma: 762
Just copped a couple extra g's from uncle sam. What have others done with this enormous amount of money? I'm thinking of a new skidoo, and a trip to japan, Maybe I'll just gamble it all? Advice from other financial wizards out there? Making money in the future will be easier ya dig?
Oct 20 2023 3:13PM
31 1
profile picture
BrattyTick
Posts: 20 - Karma: 438
If you think about it as an investment into being a pro then it makes sense. Use the money to buy a sled, camera and make a video part. Then attract new sponsors and use the money they give you to be an athlete to pay your student loans.

Sounds like a working strategy to me
Oct 20 2023 3:18PM
22 1
profile picture
ReturnToMonkey
Posts: 6394 - Karma: 69,421
If you don't need it for tuition or housing, pay off some of your loans or save it, invest it, etc. It's a student loan don't spend it on a toy and vacation.
Oct 20 2023 3:19PM
20 12
profile picture
elm.
Posts: 1493 - Karma: 13,497
Sled it’s an easy choice. Although $2k isn’t quite enough for something modern and reliable
Oct 20 2023 4:03PM
2 0
profile picture
Christian_Bale
Posts: 1921 - Karma: 21,496
hit the slot machines
Oct 20 2023 4:30PM
31 0
profile picture
snomaster
Posts: 3344 - Karma: 5,748
you wouldn't be the first.
yolo
Oct 20 2023 5:35PM
4 0
profile picture
ajbski
Posts: 1308 - Karma: 5,311
why you gotta lie? we all know its your parents money...
Oct 20 2023 5:41PM
14 4
profile picture
sindreplassen
Posts: 1169 - Karma: 10,655
you should definitely gamble it bro!! remember that 99% quit before they hit big!!
Oct 20 2023 5:55PM
18 0
profile picture
muffMan.
Posts: 2768 - Karma: 26,060
I used mine for rent help, but the last year I took a little extra for a MTB.

Now I’m paying it off and it alright, I recommend just working and saving honestly.

**This post was edited on Oct 20th 2023 at 9:50:50pm
Oct 20 2023 9:50PM
3 0
profile picture
Kyguyy
Posts: 580 - Karma: 6,363
Remember the math behind gambling… you know the answer
Oct 21 2023 12:27AM
1 0
profile picture
KEVTRON
Posts: 3545 - Karma: 1,222
18 leg parlay and retire.
Oct 21 2023 3:08AM
5 0
profile picture
soup
Posts: 6343 - Karma: 4,415
I spent mine on my dream ski setup (5 pairs of skis) and ski trips every week I was off school.

Totally worth it.
Oct 21 2023 10:33AM
0 0
profile picture
eljefe
Posts: 915 - Karma: 467
Gambling is arguably more affordable than sledding.
Oct 21 2023 2:50PM
5 0
profile picture
BLandz
Posts: 1651 - Karma: 27,094
The fact that you have even asked this question implies that you are not financially literate enough to be making decisions with this level of complexity. Me on the other hand, has used my business skills and knowledge to compound my assets, and inflate my cashflow to propagate my net worth up to 6x its original value. Its a risk-free, simplistic way of gaining money I invented myself. I call it, “Betting on red”.

So you walk into the casino with $50 right. Go up to the roulette table and watch a couple rounds. Wait for it to hit like 5 blacks in a row, and then bet $10 on red until you hit. Statistically, its not gonna hit black 10 times in a row, so you’re guaranteed to win minimum $300 every time you do it. I am now a multimillionaire and own a massive corporation under the alias Rodney Sacks to protect my identity, everyone wants to know my secret.
Oct 21 2023 3:09PM
18 0
profile picture
mikem
Posts: 899 - Karma: 8,447
Yo homie, you could give it to me and ill keep it safe for you
Oct 21 2023 4:27PM
0 0
profile picture
chiknmcplanks
Posts: 95 - Karma: 436
Buy teh sled yo, Biden will bail you out
Oct 21 2023 9:59PM
1 0
profile picture
partyandBS
Posts: 4518 - Karma: 69,536
let me handle your financial portfolio. i can turn $5k into $2k quick!
Oct 22 2023 2:05AM
4 0
profile picture
b0ss
Posts: 795 - Karma: 6,271
I thought about it when I was in college. Im glad I didn’t. Its personal choice of course but I didn’t get one because; its a depreciating asset, its even more dangerous than skiing/snowboarding, you will need a trailer/pickup, which have cultural markups and are depreciating assets. I got a whole life insurance policy instead.
Oct 22 2023 10:55AM
4 3
profile picture
Millenialfalcon
Posts: 120 - Karma: -1,190
Cop a zone then buy the sled.
Oct 24 2023 9:15PM
0 0
profile picture
soup
Posts: 6343 - Karma: 4,415
b0ssI thought about it when I was in college. Im glad I didn’t. Its personal choice of course but I didn’t get one because; its a depreciating asset, its even more dangerous than skiing/snowboarding, you will need a trailer/pickup, which have cultural markups and are depreciating assets. I got a whole life insurance policy instead.


The fuckk is a cultural markup?
Oct 24 2023 10:33PM
1 0
profile picture
KilaTsunami
Posts: 3042 - Karma: 28,861
3 card poker baby send it
Oct 24 2023 10:53PM
0 0
All times are Eastern (-5)