Members red|dragon Posted February 3, 2006 Members Posted February 3, 2006 red|dragon's financial planning lesson for buying a guitar! Remember kids, a fancy guitar won't make you a better guitar player. Studying, practicing and working very hard will, no matter what kind piece of wood with strings you are playing. So when you think you just might want to drop $2,000 on that dream guitar, think again. If you took that $2,000 and invest it for 40 years at a return of 10% you will have $90,518.51 Wouldn't you like to retire with no worries and sit back and be able to afford that dream guitar? Now you can. Don't blow your money early. In the future, you'll be glad you didn't. peace.
Members bdemon Posted February 3, 2006 Members Posted February 3, 2006 But I can't turn down Sweetwater's no interest until 2007 payment plan! Yeah, compounding.
Members mfergel Posted February 3, 2006 Members Posted February 3, 2006 Where are you getting a 10% rate? Maybe I should start loan sharking? Get a 25% return on my loaned money and if I don't get it back, I get to have someone severely beat.....whack them across the back of the head with a Les Paul.
Members red|dragon Posted February 3, 2006 Author Members Posted February 3, 2006 Originally posted by mfergel Where are you getting a 10% rate? ... the stock market...? edit: GLEN ALLEN VA? DO YOU LIVE NEAR THE SHORT PUMP MALL OMG.
Members mfergel Posted February 3, 2006 Members Posted February 3, 2006 Guess that depends on the stock.....
Members Knottyhed Posted February 3, 2006 Members Posted February 3, 2006 Originally posted by red|dragon red|dragon's financial planning lesson for buying a guitar! Remember kids, a fancy guitar won't make you a better guitar player. Studying, practicing and working very hard will, no matter what kind piece of wood with strings you are playing. So when you think you just might want to drop $2,000 on that dream guitar, think again. If you took that $2,000 and invest it for 40 years at a return of 10% you will have $90,518.51 Wouldn't you like to retire with no worries and sit back and be able to afford that dream guitar? Now you can. Don't blow your money early. In the future, you'll be glad you didn't. peace. I dunno how much was a les paul 40 years ago and how much can you sell a les paul for now - guitars go up in value too you know. Of course, for it to be worth anything you'd have to avoid playing it as much as possible I think this raises a good point tho, a good player sounds good on a squire strat plugged into a crate practice amp. Makes me laugh when guys obsess over nitro or poly finishes, tone woods and nut-material etc. as if that matters a crap to whether you sound good when you plug your guitar in.
Members bardsley Posted February 4, 2006 Members Posted February 4, 2006 Guitars go up in value, sure, but I've never really seen anyone take inflation into account. I mean, guitar x might have cost $500 in 1957 and then is worth $4000 in 2005, but considering what $500 meant in 1957, I don't reckon that's such a great deal. Of course, you could make this argument about everything that isn't food, rent and utilities, and you could save a whole lot of money for retirement, but live like a pauper until you're 65. Guitars are one of the few things I spend money on, and I'm happy with it. I bought a Martin OM-35 the year before last and it's beautiful. Sure, I could've invested it and ended up with far more money later, but that would mean I wouldn't be playing this amazing, inspiring instrument that I'll keep all my life. Then again, I've got jobs and gigs, so Red|Dragon's advice wasn't exactly aimed at me. I started on a Squier and it was fine.
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