Topic: Why must you used such money to purchased a car? - page 4. (Read 614 times)

The first thing is that every person is the owner of his own will. You can give good advice to someone, but you cannot force your will on someone. Having your own ride is a great thing and those who have their own ride in life are lucky,but it is definitely not a good decision to use such a large amount of money for this, but with less money you can buy your car and with the remaining capital you can do a good business.

If your friend had followed your advice, he would have been in the best profit right now, because if he had bought Bitcoin and Ethereum six months ago, the price would have gone up a lot.You shouldn't have broken up with your friend, but you can still convince your friend to invest in Bitcoin instead of an expensive car. In friendship it is not seen how you have to apologize to him, he is your old friend. Admit your mistake, that you should not have been angry, and to discuss your advice with him again.

Waw, your friend bought a car worth $28 million, are you serious about this? You should know nobody will believe your story, as we all know it’s fake. Seriously, I will love to see the picture of the car that your friend bought for that price, and I will also like to know the country from which you are from, because that amount that you just mentioned is really a huge amount of money, and only the rich can have that amount of money in my country, so your friend spending that amount is just kind of surprising to me. I will like to know where your friend works, or maybe he runs a business, or maybe your friend is just enjoying his family wealth.


I am making this post just on the assumption that your post is real, even though I know it’s fake. Not everyone will be interested in bitcoin, just because your friend is financially good doesn’t mean your friend will be interested in bitcoin. If you introduce someone to bitcoin and they don’t listen to you, then you have to leave them, you don’t have to feel bad, and you can’t force them to invest in bitcoin. Everyone has a choice, and we all can do anything we want with our money.


Your story is just funny to me, If you have that amount of money to purchase a Rolls Royce, then I am expecting your friend to have multiple cars in his garage, and the Rolls Royce is what he will be driving occasionally and not often. You can’t tell me your friend has only a Rolls Royce. You should know that Rolls Royce is not a car that loses value easily, so even if your friend drives it for any year's, it’s still going to look new if there is adequate maintenance.

Yes because we all have choice, and we can decide to do anything we like with our money, no one can force me to do what I don’t really want to do, and I can’t also force others to do what they don’t want to do.

If a person had bought a car worth $28 million, we would have heard about it in the media. I would have thought that you wrote the amount in local currency, but of course in dollars, it is a very large amount.
Buying an expensive car is sometimes good because it gives an impression of confidence in you, which gives you access to relationships and individuals who can make your business grow quickly. If you are a trader or marketer, your general appearance, including the car, contributes to increasing your value. Imagine that your real estate advisor offers you to buy an apartment for 200k Dollar and he comes to you by train or he has a very old car.

Even if this topic looks pretty much like a cooked up story, I don't think staying clear from Him would be the best option. because inrespective of our differences, we have choices and right to what we desire. The primary motive of every investor is to make profit. Some people were pretty lucky to have a rich parents who might have kept bunch of wealth for their children and they are excessively rich, and no longer bother too much on investment because they have made enough money. The children of such people will literarily spend the money and do what pleases them. And any advice you give to them serves as threat to them. Because it will look like you are invading their privacy or stocking on them. So sometimess some things are left unsaid. because if you have the kind of money he has, who knows you might even want to buy more than that $28m car.

The value of money is spending especially when you have made a lot of it. One thing is investment another is enjoyment and we shouldn't forget the aspect of the enjoyment. Every investor need to reep the fruith if it's labour. Not labour! labour!! labour!!! Let also hear reap! Reap!! Reap!! The Fruit of your labour.

28$ million of what currency? Dollar that it must not be... Anyway, someone who is focused in purchasing a fancy car at the age of 20, with enough money under their disposal to do that, without any other concerns in mind, must have another sources of income, so he doesn't see a reason to care about investing his money. It really seems money isn't a problem for you friend, so he can give himself the luxury of purchasing a 28$ million car.

It doesn't make any sense to get away from your friend just because he took a personal financial decision you disagree. It's his life and his money, not yours. You can nothing about it, neither you should feel offended for him purchasing a Rolls Royce. Take care your own life and your own financial decisions, and forget about the rest. You can advise people, of course, but they don't have any obligation of following your advices. Also, you don't have any right of getting upset with them for this reason.

Buying a car worth $28 million does not stop our friendship. Opinion differs on issues like this. As they say one man's food is another man's poison. Your friend may not like to build wealth through investment but prefers living a flamboyant lifestyle

20 years old is able to buy a car worth 28 million dollars, it is definitely 100 percent rich people's children. if from an ordinary family working where can earn 28 million dollars.
If for example you get a windfall, usually people who don't have it will think long about wasting money on things that are not important.
They will definitely think about investing, for example in crypto, stocks mutual funds deposits in banks and more.
so that it can be used for long-term living expenses.

The car is essential depending on the country and your job, also if you are married, having a car each is the happiness of marriage, but that is another story. 

I think that as always everything is relative, in the same way other belongings could be added to the essence of sell and it to turn it into bitcoin.  In short, these types of decisions do not always result in being 100% reliable.

In case presented by OP, we known that a car depreciates in its initial value, but if he wrote his context well he mentions Roll Royce and millions, so surely that type of investment is not a problem, perhaps he is not even interested in bitcoin.

I don't understand why you would involve yourself so heavily in your friend's financial life, when your role should not go beyond advice and guidance without reaching the final break between you. If your friend is able to buy a car for that amount, I do not think that your estrangement from him would mean anything or that you would correct something wrong in this way.
It is clear that this situation has affected your relationship with your friend greatly. It's a good idea to show a willingness to reconcile and rebuild the friendship. When you talk to him, you can show your interest in getting back in touch and correcting understanding. You can express your concern about the decision he made and how it may affect his future. Once you are honest about your feelings and apologize if appropriate, you may find that he acknowledges his mistakes and appreciates the care you show him.

Buying a car for 28 million dollars, perhaps if you look at it from the perspective of people with lower to middle financial conditions, most will think it's a waste of money. Because if that amount of money is invested in bitcoin or shares, the results can definitely be very promising.

But your friend doesn't seem to have that kind of view, so it can be concluded that your friend is a really rich person. Moreover, your friend is still young. But already have that much money. So most likely he got the money from his parents.

So having that much money, it would be a shame if you just squandered it. But for your friend, maybe that much money could only be a small part. So whether he invests or not, maybe he will still be rich.

Why does it bother you so much that your friend used his money to purchase what he wants? Why should he do what you want and with his money too? As you’ve quit the friendship over his choices of what to do with his money, how long can you hold out till you go back seeking his friendship and its benefits? Apparently, you’re already reconsidering as you’re seeking out opinions on reconciliation.


I tend to agree with you on this. His friend in the story, if real, is likely not going to take any financial advise from him and it was proved when the friend ignored counsel to leave the purchase out the luxury car.
A wealthy person is very unlikely to listen to financial advice from someone who’s poor.

This is a series of stories that seem made up. But even so, it doesn't matter, because if we understand enough from the series of stories, then we will always get the essence or lesson from whatever it is. A glance at this story taught me to be wiser in using money by not prioritizing lifestyle over other more important things, such as needs and saving and investing. And we need to do this, to anticipate if one day we encounter quite serious problems, which must be solved with money.

However, it would be a bad decision if you choose to avoid your friend, just because you object to him buying a luxury car and prioritizing his lifestyle.? Hmm... stupid
Even though what he did, it didn't harm you. He just wants satisfaction in his life, namely by buying a luxury car... As friends, we are obliged to just remind each other, there is no need to control other people's lives too much. Because everyone has their own beliefs and principles in life. -each. And maybe, what we think is good for him, but it doesn't necessarily mean that he thinks this is good, and vice versa.

Supposing this your story is true, I don’t think you did right by ending a friendship just because they didn’t take your financial advice. It’s his money, I don’t suppose you would like someone else to tell you how to spend yours. $28million is not a small amount of money, I assume your 20year old friend is from a wealthy family or he won the lottery. The former is more plausible, if he’s heir to a fortune, don’t you think that’s a relationship you would want to preserve?

What you did is really stupid.  While trying to help your friend make a good financial decision, you went overboard by ending your friendship when he did not follow your suggestion.  He is an adult who can make his own choices, even if you disagree.  You should apologize for overreacting and  your friendship matters more than being right.  You should explain you were wrong to cut ties, say you cherish having him in your life and ask if he can put this behind you two. 

That would be my advice if this were a true story, but since this is a complete fabrication, it doesnt really matter what you do. Maybe try to cut back on the drugs you use or something. 

I really doubt that average 20 years old youths are in possession of 28 millions to be spent on a car, most of them by used car that only cost about $25.000. The small portion of 20 years old who own $28 million must be having billions of dollars to be spent on an investment like bitcoin and other so, if $28 is only 1% of his wealth and he use it to buy car, I don't think that's problem either.

If this person is your close friend then you should know everything about him, his working life and investment plan, some people have other means of investing their money not just crypto investment, when you gave him the advice what was his first respond, when advising such a person you should consider some common factors like if he can recover the money he used in buying the car within a year then there's no need to caution him, although it's best to plan wisely when it comes to financial matters and also when it comes to financial matters no one is perfect, buying a Rolls Royce that cost $28million is not bad if only the person is wealthy and of course no poor man can buy a rolls Royce worth $28m so it's obvious your friend is super rich. Even if you decide to cut off the friendship is still your choice but you should learn to respect others decision.

If you feel someone is not good to continue being friends with, you do not need any body's permission to cut away from them. If you have a friend who never considers investing but only spending and you've noticed that whenever you are around such a person you are always under the pressure to spend more than invest or plan different kinds of investments that will be to both your greater benefit, it is okay for you to let go of the person and cut off the relationship with them to save yourself from being influenced by these character of eating all and never investing that you do not like.

That's his right, maybe because your friend has big dreams that he wants to achieve that your friend has long dreamed of, and one of them is a special and very expensive private luxury car.
And believe me, because there are also people who have luxury and very expensive cars, people who claim not to admit it definitely don't want to appreciate it, and other people will also be reluctant towards that person. And all eyes will also be on that person, and by owning a luxurious and expensive car you can also build wider relationships with fellow luxury and expensive car lovers and allow you to do business that can be profitable and also strengthen your relationships.
And what is mentioned is real and basically they are very rich and also have the ability, and apart from that they also do business and also invest so they are capable.

Apparently, it’s not obligatory that every advice must or should be adhered to. It’s just your honest opinion out of how you feel money should be spent or managed but, it’s obvious your friend has other plans. I can’t say he made the worst of decisions on how to enjoy his hard earned currency. There is always room for enjoyment of investment and I think that’s what your friend s about. If I can get you correctly, he has got some investments in his life and that could be some reason why he made his choice in a Ross Royce for a car. It’s definitely something that would have been on his mind for some time to have taken such huge step for a ride.
I would have loved him to own some Bitcoin of his own but who knows, he’s probably got a plan for that or not. So long as he invests as much as he spends, that’s okay.

It's all about prestige, but would you believe they didn't have any investments and just spent $28 million on a car?
Someone who can afford such an expensive car must have wealth greater than the value of the car, or perhaps they have a large income that can cover their needs in the long term. Of course they can double their money by investing in bitcoin or anything that gives them a return, but they shouldn't feel forced to do it just because of your advice.

I am sure that not everyone will really care about big investments as long as they are able to enjoy their lives with enough. Having a big business is an investment too, so don't ruin your friendship just because your friend doesn't follow your desire to invest in Bitcoin or Ethereum.