I belive ken gushi was 18 when he started. but yeah i understand the whole save money thing im gonna do that no matter what, but people tellin me that my goal of bein pro is pointless is anoying. thanks for the advice.grinder wrote:does anybody know how old Ken Gushi started difting pro? Was he 16 or 18? Anyways, Goodluck! with your plan kid...most of us went thru that same "I wanna fix up my car" thing. I'm pretty sure a lot of us also spent rediculous amount of money on our first car when we were your age, I know I did. Looking back to those times made me regret that why didn't I just spent my money on a house back then. I could be driving a Porsche by now with the equity earned instead of my RB25 powered s14. Long story short, everybody just don't want you to go thru with what most of us went thru.But then again, thats how we all learn right?
LOLZ... Alright alright.... But someone has to give the kid some support. Not bother him with the sad stories.Kamin wrote:im not gonna go list off my accomplishments to some random people on the internet. but just for a little bit of reference i do hold a professional license (even if it is a ****ty one) and am sponsored by Cooper tires. so i have a little bit of first hand experience. even tho i am only just entering the "pro" level myself, i do somewhat understand what path has to be taken so please dont belittle me by saying someone who "wants" to drift.
im not some random ******* trying to crush his dreams. at 15 years old he may not even WANT to drift once he realizes how steep the learning curve is. it takes a LONG time to get good at drifting especially with no performance driving background because not only does he have to learn how to drift, he has to learn racing technique too with line, entry, cornering, linking, etc. if he had already been drifting for a year or two and said "id like to go pro" GREAT! go for it! ill share whatever knowledge i have on the subject and guide him in the best path to take for what he wants to do. i never said he CANT be a pro drifter, im trying to help him be realistic and not just have blown out of proportion dreams.
That would be great advice except that you can only deposit earned income into an ira. It cannot be money that you inherited or interest earned on money inherited. In his case he would probably be better off using 15k of that money to put down 10% on a rental prop keep 10k in a money market just in case of expenses in the home and uses the other 9k for his ride. I did that with the exception of the car thing and have about 240k in equity in my first property and I just turned 22(although this was in miami right when the market started going up like crazy so i got kind of lucky!) but even at an average return of 10% a year(the historical return of real estate) that would be about 100k. And yes I also do this for a living as well. But other than that good advice.Darius wrote:Visit the site below and open a RothIRA. Stick $4000 in a fund named "Target Retirement 2050" this year. Save the rest in a money market account at your local bank and add $4000 to your RothIRA for the next four years for a total of $20,000. Put the other $15,000 towards your turbo KA drift car and work hard for the rest. Swear to god you will be retiring by the time you're 50 if you keep it up.
https://flagship.vanguard.com/...t.jsp