You cannot blame some people because not everybody knows how to make use of money wisely,
It's not about some people doesn't know how to make use of money wisely, everyone knows what they want, and if they have the financial capacity, they will want to get it, so we all have choice, you might be thinking is a big amount of money, but to the person buying it, it might just be a normal amount of money, you don't know the amount of money the person is having in account, you have to know that someone that can acquire a car worth that amount of money, then the person will be having more than that in account, and some people don't care spending everything they have in what they want, they have the confidence that they will be able to get another money. so we all have choice and we all know what we want. 
Topic: Why must you used such money to purchased a car? (Read 605 times)
I'm talking about this friend's exemplary friend because there is nothing believable about this story. If you have enough money to buy a $28 million Rolly Roce special series, they know how to make money for you or your family, and they will get advice from more expert people. Or they know what's going on in the market. So don't worry too much about what he does or doesn't do.
If your friend can afford to buy a Rolls Royce car for $28 million dollars then he is definitely a rich person. Of course he has money to invest. So he didn't listen to your advice. And what is there to end the friendship? If he can buy a Rolls Royce with his own money then it's a matter of pride. If all the money is only invested then what will satisfy the hobby or need lol.
I think ultra-rich people are also intelligent enough to achieve that kind of status. No offense but maybe the OP is not yet on that level, so his friend thinks that he may not be trusted yet when it comes to invest-things. The response the OP received to his friend may also offend him but it's up to him now if he will continue to be friends with that person. To have a rich friend can be cool but it's not only about the money that should matter. We often told that we should only invest what we can afford to lose, so investing all of our money is obviously a ridiculous idea. And like you said, how can we now buy our needs/necessities in life if nothing is left? Right? 
This thread looks fishy, so you have a rich friend that can buy a Rolls Royce and it's a 28 million dollar one. And you give investment advice to that rich friend and he didn't listen to you? 
I don't believe this story, but in reality if such a thing had happened, I would've enjoyed life with that rich friend instead of giving him investment advice. I'm sure he and his parents don't need my advice.
I don't believe this story, but in reality if such a thing had happened, I would've enjoyed life with that rich friend instead of giving him investment advice. I'm sure he and his parents don't need my advice.
He chose to buy such an expensive car because it is surely his dream car, only rich people can buy such a car and for sure they have businesses, that's why they can buy such an expensive car. They are a rich family. Even if I were in your friend's situation, I would also buy a luxury car. Well I get your point but it's your friend's money, let him spend his money on what he wants. But if he spends in the wrong way like gambling or anything, that's where you come in as a friend. But if he uses his money to buy the dream car he wants, just support him.
I quite agree with what you say because I will also be quite supportive of someone if he buys a luxury car with his own money and he is in a rich family position. I don't think there's anything wrong with that, even though everyone has to separate desires from needs which are more important than just desires, because it's not certain that what we want can become the needs we really want. But when it comes to buying a luxury car with our position of having a lot of money, it's certainly not wrong to do so, especially if it's only bought once in your life.That's right, those who can afford this kind of car are rich people, which means they have a lot of business and investments. It's not bad to give an opinion, but you should also think about whether the opinion you give is what that person needs. So for me, you are the one who overreacted to what your friend did, the person is your friend but it's like you don't know him lol.
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I know, having a car as a young guy is very good to reduce some transport fair in some area and to make it easy for your family or siblings to catch some fun in some good area. But how can someone at the age of 20 years used $28 millions to purchased a car that is not going to bring income to he, when we have some decentralized investment you can invest such amount of money in the bear season and have hope of making more money that will reach you to start other business that will be fetching you cool money.
The only reason is naive mate. The car purchased is never an investment and it's something the person will still spend money on for maintenance and gas. Is the person into cryptocurrency? If yes, he/she doesn't know what he/she is doing.
Most of the crypto investors I know invest in BTC in bear and use the profit to buy something when it's ATH market which is literally like buying expensive things from the funds the market generates for you.
I'm sure if the person buy SOL when it's was $50 the person have already made $28 million more.
This is what one of my friend did few months ago despite the advise I gave to him to invest the money on BTC or Ethereum, that he will make more money that will give him more opportunities to build more companies but he never listen to my advice despite the inflation in the country but he went to used $28 millions to purchased Rolls Royce that will not last more than 5 years before it will start looking like old car to the eye of people.
We can only advise people but the decision is up to them and it's good to let them make mistakes so they can learn from it.If you have such friend that doesn't have any investment and he went to invest such money on car will you continue to take such person as your friend?
Yes, I will still be friends with such a person because I will never understand her vision and purpose of deciding to get the car like she does.I have separated from him based on the money he use to buy car that will not add value to his life but people said I would have not separated from him that it have been long we became friends in the environment. What I did is it good or bad so that I will know how to apologize to him to continue the friendship with him.
What you did is not good even if she made a mistake in spending the fund she's the owner of the fund you don't need to disassociate yourself from her. In the future when she realizes her mistake you can then talk sense to her and advise her about investment.
I know, having a car as a young guy is very good to reduce some transport fair in some area and to make it easy for your family or siblings to catch some fun in some good area. But how can someone at the age of 20 years used $28 millions to purchased a car that is not going to bring income to he, when we have some decentralized investment you can invest such amount of money in the bear season and have hope of making more money that will reach you to start other business that will be fetching you cool money. This is what one of my friend did few months ago despite the advise I gave to him to invest the money on BTC or Ethereum, that he will make more money that will give him more opportunities to build more companies but he never listen to my advice despite the inflation in the country but he went to used $28 millions to purchased Rolls Royce that will not last more than 5 years before it will start looking like old car to the eye of people. If you have such friend that doesn't have any investment and he went to invest such money on car will you continue to take such person as your friend? I have separated from him based on the money he use to buy car that will not add value to his life but people said I would have not separated from him that it have been long we became friends in the environment. What I did is it good or bad so that I will know how to apologize to him to continue the friendship with him.
You're so lucky to have a friend who can buy a car worth 28 million dollars. It means he's very wealthy. But based on your story, it seems like you're also well-off because you ended your friendship with him when he didn't follow your financial advice. You probably wouldn't get upset with a friend who has a 28-million-dollar car if you weren't well-off yourself, right? In my opinion, if your story is true, it's not your place to be upset with him just because he didn't follow your advice. It's his right because it's his money, not yours. 
People is ranked according to their incomes and if your friend uses such huge amount of money to purchase a car please I will advise you to check his income rate and level because, no one will use such huge amount of money to purchase a car without having something doing or even have a good investment. $28m is not a joking amount for someone to raise it to buy a car and you have a friend like that, then why can't you go close to him or her to learn his kinds of business go help your life instead of keeping him away from you.
Secondly you must not force someone to do what you want with his money because you don't know how he manages to raise those money or the kind of business he is into, like I said it's good to always stick close to them learn from them. Anyone who uses $28m to buy a car is massively wealthy so why would you go talking to him about what to use his money to do.
Secondly you must not force someone to do what you want with his money because you don't know how he manages to raise those money or the kind of business he is into, like I said it's good to always stick close to them learn from them. Anyone who uses $28m to buy a car is massively wealthy so why would you go talking to him about what to use his money to do.
When you are the fifth person among four rich people, you would definitely become the fifth rich person and vice versa relating to being poor. Everyone has his or her own opinion on how they spend their money, either on cars, clothing, or any other luxury thing and lifestyle you can think so but all lands on how far you can maintain. Friendship is by choice and not by force, if I should advice a long time on not buying a car but making investments either on crypto or companies but he refused, that's his lifestyle.
If you have such friend that doesn't have any investment and he went to invest such money on car will you continue to take such person as your friend? I have separated from him based on the money he use to buy car that will not add value to his life but people said I would have not separated from him that it have been long we became friends in the environment. What I did is it good or bad so that I will know how to apologize to him to continue the friendship with him.
Wait what? You broke the friendship with him because he owns a Rolls-Royce now and not an investment? What does that have to do anything with you being friend with him? Also, if he is able to buy a car worth of $28 million, why does he need your advice in order to grow financially? He is already doing great and that's why he owns a Rolls-Royce and you don't.It's quite dumb to break a friendship over such thing. Instead of breaking up the friendship, you should have asked for financial advice from him. To me, he seems like a successful guy. And what kind of logic is this? Bitcoin investment is not a bad idea but I don't think he needs it right now.
Quote from: Dunamisx
You cannot blame some people because not everybody knows how to make use of money wisely, just as some don't understand the difference between assets and liability, they cannot manage business well as to be running without things going wrong, we also have to take this up as a challenge because not everyone will be able to make effective use of them as expected when they are having the money and on things they are to use the money for.
You're right because, if my parents want to buy me such car that worth millions of dollars, I will please them to give me the money and invest it in BTC since I have the knowledge of how to use the money to make more money that will make my parents to hail me. When you invest in some potential assets you know that it will bring profits that will add value to your investment, you will not use such money to buy what you will be spending money weekly or monthly because, there is no way you will not be using fuel to drive the car from one place to another.If I have such amount of money, I will not invest all in BTC but I will look for good assets to invest half of the money in case the price of BTC is not pumping the way I want,I can use other assets profits to solve whatever may come my way.
He chose to buy such an expensive car because it is surely his dream car, only rich people can buy such a car and for sure they have businesses, that's why they can buy such an expensive car. They are a rich family. Even if I were in your friend's situation, I would also buy a luxury car. Well I get your point but it's your friend's money, let him spend his money on what he wants. But if he spends in the wrong way like gambling or anything, that's where you come in as a friend. But if he uses his money to buy the dream car he wants, just support him.
I quite agree with what you say because I will also be quite supportive of someone if he buys a luxury car with his own money and he is in a rich family position. I don't think there's anything wrong with that, even though everyone has to separate desires from needs which are more important than just desires, because it's not certain that what we want can become the needs we really want. But when it comes to buying a luxury car with our position of having a lot of money, it's certainly not wrong to do so, especially if it's only bought once in your life.He chose to buy such an expensive car because it is surely his dream car, only rich people can buy such a car and for sure they have businesses, that's why they can buy such an expensive car. They are a rich family. Even if I were in your friend's situation, I would also buy a luxury car. Well I get your point but it's your friend's money, let him spend his money on what he wants. But if he spends in the wrong way like gambling or anything, that's where you come in as a friend. But if he uses his money to buy the dream car he wants, just support him.
I quite agree with what you say because I will also be quite supportive of someone if he buys a luxury car with his own money and he is in a rich family position. I don't think there's anything wrong with that, even though everyone has to separate desires from needs which are more important than just desires, because it's not certain that what we want can become the needs we really want. But when it comes to buying a luxury car with our position of having a lot of money, it's certainly not wrong to do so, especially if it's only bought once in your life. I know, having a car as a young guy is very good to reduce some transport fair in some area and to make it easy for your family or siblings to catch some fun in some good area. But how can someone at the age of 20 years used $28 millions to purchased a car that is not going to bring income to he, when we have some decentralized investment you can invest such amount of money in the bear season and have hope of making more money that will reach you to start other business that will be fetching you cool money. This is what one of my friend did few months ago despite the advise I gave to him to invest the money on BTC or Ethereum, that he will make more money that will give him more opportunities to build more companies but he never listen to my advice despite the inflation in the country but he went to used $28 millions to purchased Rolls Royce that will not last more than 5 years before it will start looking like old car to the eye of people. If you have such friend that doesn't have any investment and he went to invest such money on car will you continue to take such person as your friend? I have separated from him based on the money he use to buy car that will not add value to his life but people said I would have not separated from him that it have been long we became friends in the environment. What I did is it good or bad so that I will know how to apologize to him to continue the friendship with him.
He chose to buy such an expensive car because it is surely his dream car, only rich people can buy such a car and for sure they have businesses, that's why they can buy such an expensive car. They are a rich family. Even if I were in your friend's situation, I would also buy a luxury car. Well I get your point but it's your friend's money, let him spend his money on what he wants. But if he spends in the wrong way like gambling or anything, that's where you come in as a friend. But if he uses his money to buy the dream car he wants, just support him.
Instead of judging, let's appreciate the multifaceted nature of wealth and how it translates into diverse spending habits. The OP's story, in my opinion, is a fabrication, but let's try to think based on this story. The $28 million car might seem absurd to us, but for them, it could be a calculated investment, a social currency booster, or simply a well-earned reward for a life of relentless pursuit.
The key takeaway? Different strokes for different folks, both literally and financially. Our judgments come from our own realities, and understanding diverse perspectives enriches our own views of the world. So, let's keep an open mind, appreciate the complexities of choices, and remember, there's often more to a shiny car than meets the eye.
The key takeaway? Different strokes for different folks, both literally and financially. Our judgments come from our own realities, and understanding diverse perspectives enriches our own views of the world. So, let's keep an open mind, appreciate the complexities of choices, and remember, there's often more to a shiny car than meets the eye.
If you have such friend that doesn't have any investment and he went to invest such money on car will you continue to take such person as your friend? I have separated from him based on the money he use to buy car that will not add value to his life but people said I would have not separated from him that it have been long we became friends in the environment. What I did is it good or bad so that I will know how to apologize to him to continue the friendship with him.
That's a mistake and puts too much importance on the lives of your friends who are much more financially stable. Besides, it's strange to make friends based only on money, so here you have taken the right decision not to be friends with him because he has been distanced from people like you who only see friendship ties based on how much money they have. Remember, not everything always involves investing in Bitcoin, you can't dictate to other people, if he doesn't want to invest just let him, your job is only to give advice, not force which ultimately sacrifices friendship. He is worth $28 million and I think he is considered a rich man. Buying a car may have been his dream since childhood so it cannot be prevented in any way.Final thoughts on dreams and finances. Fulfilling a childhood desire by buying an automobile is amazing. Remember the power of savvy investing. As dreams change, so should financial strategies. Bitcoin offers a chance to rethink wealth. Not forcing options, but offering doors. In Bitcoin, your friend may be rich and a visionary.
If you have such friend that doesn't have any investment and he went to invest such money on car will you continue to take such person as your friend? I have separated from him based on the money he use to buy car that will not add value to his life but people said I would have not separated from him that it have been long we became friends in the environment. What I did is it good or bad so that I will know how to apologize to him to continue the friendship with him.
That's a mistake and puts too much importance on the lives of your friends who are much more financially stable. Besides, it's strange to make friends based only on money, so here you have taken the right decision not to be friends with him because he has been distanced from people like you who only see friendship ties based on how much money they have. Remember, not everything always involves investing in Bitcoin, you can't dictate to other people, if he doesn't want to invest just let him, your job is only to give advice, not force which ultimately sacrifices friendship. He is worth $28 million and I think he is considered a rich man. Buying a car may have been his dream since childhood so it cannot be prevented in any way.
You cannot blame some people because not everybody knows how to make use of money wisely, just as some don't understand the difference between assets and liability, they cannot manage business well as to be running without things going wrong, we also have to take this up as a challenge because not everyone will be able to make effective use of them as expected when they are having the money and on things they are to use the money for.
Unbelievable, this is very hard to believe, because where is he going to park this car? Can he even secure a safe haven to keep this car from getting stolen? Or maybe there is a lot you don't know about this person, maybe they don't want you to know how much they worth.
Even if they are your friend it doesn't matter, because most times, people will judge you like you don't know what you are doing, don't mind OP, he could know what he is doing, I am certain you don't see all the pictures.
He might regret buying the car later but it shouldn't be your business or you will get replaced if he noticed that you are taking this seriously, if truly he is worth that much I am sure that he choose not to reveal a lot to you.
Even if they are your friend it doesn't matter, because most times, people will judge you like you don't know what you are doing, don't mind OP, he could know what he is doing, I am certain you don't see all the pictures.
He might regret buying the car later but it shouldn't be your business or you will get replaced if he noticed that you are taking this seriously, if truly he is worth that much I am sure that he choose not to reveal a lot to you.
That Rolls-Royce car can be an investment in itself. Those cars can fetch to millions of dollars more than their original value if kept properly for a long time. I'm sure your friend (if he really exists) is well-off, enough to purchase that car without regard with his future. Also, most of the younger generations right now are impulsive and based their purchase decisions with their emotions. If you made your move in giving him some advice, I think that's enough already. If he moves forward with these decisions, you have no liability with the consequences at all.
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