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rpm wrote:
Since the money has already been spent, adding it up will only depress you
Not necessarily Bob. A spread of cost will give a great basis for a stated value insurance policy. Granted, I don’t want to collect on a policy, but there is piece of mind knowing that I can get back what I have spent on it.
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Bolted to Floor wrote:
rpm wrote:
Since the money has already been spent, adding it up will only depress you
Not necessarily Bob. A spread of cost will give a great basis for a stated value insurance policy. Granted, I don’t want to collect on a policy, but there is piece of mind knowing that I can get back what I have spent on it.
Bingo!
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rpm wrote:
Progress is good KM, have you taken it for a test spin? Since the money has already been spent, adding it up will only depress you
How to justify spending money on your Mustang:
If you had to work on and spend that much money on your daily driver as you do your Mustang, you would probably have sold it long ago. Butt (Sally) - you have to change your mentality to think that your Mustang isn't your daily driver, and it is in fact your HOBBY - and who really keeps track of how much work and money they put into their HOBBY? Problem solved.
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"I spent half my money on gambling, wild women, and alcohol, the other half I just wasted." - WC Fields
Its not really any different with a classic car. This isn't one of those shows where we're trying to turn a profit, or impress people with how fast we can get a car done. The money is what the money is. These cars are never money making ventures. Often, you start out with one vision and your passion takes you in a completely different direction. You think you'll be happy with a rebuilt stock bottom end and some cheap heads, but by the end its a built 331 with EFI. If you want to track costs, by all means do. I'm tracking the costs on my '89 GT project, primarily, so when its time to insure it I can tell the insurance company exactly what I have in the car and make sure its not under insured. It would never sell for that on the open market, but its what it would take for me to build a duplicate.
I look at it this way: if you're paying your bills, and not carrying crippling credit card debt to do it; who cares? One thing's for certain, you can't take it with you. You might as well enjoy the fruits of your labor today. The past is gone, the future uncertain, so live in the now and have as much fun doing it as you can.
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rpm wrote:
Since the money has already been spent, adding it up will only depress you
I mostly use a smiley face to insinuate a joke. Hey, I've got a good sized box with nearly all my receipts for purchases for the 69 in it. It adds up to almost what MS has in his motor No joking this time.
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I've always wondered why people will sign up for 30, 40, $60K for a new car that generally will be worth half after a year and a half of setting in the WalMart parking lot or enjoying a gravel shower twice a day on the freeway.
Butt (TS&T), they get all worked up over using a small piece of their available "spendable" over a couple of years to have something that gives great pleasure and will likely always be worth more, as a percentage of investment vs return, than any new DD.
BB
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