My New Setup COMING MARCH
jasil, I hate to be defensive....but I read back and I was.
Just the same, I know you're right. I also am willing to fight for anything that I am passionate about..
You see....all of my adult life Ive worked in retail. I decided to stop school for instant gratification of money. My parents, two years ago, wound up in a situation that wouldnt allow them to stay in NJ, hence making me homeless, unless I wanted to put my career with Costco on hold.
What happened from then on in was a multitude of bad decisions planting me here. I mean, lets face it. Its NOT that bad, and I plan on thinking things through with my career choices and such.
One guy in this or another thread happened to state that it was damn near impossible to wind up with an internship on a race team. true...and Rutgers engineering is extremely difficult to get into. However, I have started sending out email inquiries to places like Saleen, Lingenfelter, Callaway, RUF, Gemaballa. Ive also spoken to dozens of shop owners in the local areas and basically have been weighing my options for the past 8 weeks.
Is it impossible? Oh most certainly not. Is it hard? Yes. Is it lucrative? Depends.
But, being as I have swallowed my pride, my parents have done the unthinkable and offered to help me with school and offer me a permanent home in case things don work out.
I pose a question to you, Jasil....its obvious you're a car nut. What would you give to wake every day and be able to walk out into your backyard and play with a car? Yes, its impossible to make an entrance into this market....but if its the only thing you've ever loved, then it has got to be at least worth a shot.
Back to the topic. The "Tune".
Geoff at Full Race is hugely supportive of the 3567 turbo. Dave Buschur is a genious with motors, and his 2.25 "2.3" is damn near indestructible. Watch DynoFlash this coming season and monitor his progress and power output. John Shepherd runs a BR motor...Al runs it and there are several cars that have that engine on board. Its solid, and the price is phenominal.
The garage defeat head looks extremely nice. However, I'd say stick with Dave's setup. Forced induction headwork is less critical compared to natural or nitrous applications.
I'd look into having the longblock built and shipped as one unit, with cams installed and degreed already. Daves prices are very reasonable, and having it as one piece ensures that the quality is consistent throughout. Thats an obsessive compulsive part of my personality. I personally would like to have high temp teflon coatings on the pistons/head, have the full race mani coated with the hotside. A good 3" exhaust will support a ton of power. APS does make a 3.5" but I say this, check out RnR's electronic dump tube.
And even in the near future I may be inclined to offer my services for free. I ordered an engine hoist, engine stand, another floor jack and two sets of different sized jack stands to round out my personal tool shop. Its a start....but Im going to ruin my own car first! Again, thanks for the advice. I have said it again, and will say it as many times as necessary. The mods have finally done a good job, weeding out all the iidiots and guys like you and others are making it enjoyable to talk again.
Just the same, I know you're right. I also am willing to fight for anything that I am passionate about..
You see....all of my adult life Ive worked in retail. I decided to stop school for instant gratification of money. My parents, two years ago, wound up in a situation that wouldnt allow them to stay in NJ, hence making me homeless, unless I wanted to put my career with Costco on hold.
What happened from then on in was a multitude of bad decisions planting me here. I mean, lets face it. Its NOT that bad, and I plan on thinking things through with my career choices and such.
One guy in this or another thread happened to state that it was damn near impossible to wind up with an internship on a race team. true...and Rutgers engineering is extremely difficult to get into. However, I have started sending out email inquiries to places like Saleen, Lingenfelter, Callaway, RUF, Gemaballa. Ive also spoken to dozens of shop owners in the local areas and basically have been weighing my options for the past 8 weeks.
Is it impossible? Oh most certainly not. Is it hard? Yes. Is it lucrative? Depends.
But, being as I have swallowed my pride, my parents have done the unthinkable and offered to help me with school and offer me a permanent home in case things don work out.
I pose a question to you, Jasil....its obvious you're a car nut. What would you give to wake every day and be able to walk out into your backyard and play with a car? Yes, its impossible to make an entrance into this market....but if its the only thing you've ever loved, then it has got to be at least worth a shot.
Back to the topic. The "Tune".
Geoff at Full Race is hugely supportive of the 3567 turbo. Dave Buschur is a genious with motors, and his 2.25 "2.3" is damn near indestructible. Watch DynoFlash this coming season and monitor his progress and power output. John Shepherd runs a BR motor...Al runs it and there are several cars that have that engine on board. Its solid, and the price is phenominal.
The garage defeat head looks extremely nice. However, I'd say stick with Dave's setup. Forced induction headwork is less critical compared to natural or nitrous applications.
I'd look into having the longblock built and shipped as one unit, with cams installed and degreed already. Daves prices are very reasonable, and having it as one piece ensures that the quality is consistent throughout. Thats an obsessive compulsive part of my personality. I personally would like to have high temp teflon coatings on the pistons/head, have the full race mani coated with the hotside. A good 3" exhaust will support a ton of power. APS does make a 3.5" but I say this, check out RnR's electronic dump tube.
And even in the near future I may be inclined to offer my services for free. I ordered an engine hoist, engine stand, another floor jack and two sets of different sized jack stands to round out my personal tool shop. Its a start....but Im going to ruin my own car first! Again, thanks for the advice. I have said it again, and will say it as many times as necessary. The mods have finally done a good job, weeding out all the iidiots and guys like you and others are making it enjoyable to talk again.
Evolved Member
Joined: May 2004
Posts: 705
Likes: 0
From: Colorado
Originally Posted by feldguy
Jasil, all fair points. Understand that even IF I decide not to do my car, I am backed against a wall right now. The car is just a luxury that I would entertain myself with.
Realize that for 2 years Ive been living paycehck to paycheck, fighting to stay afloat and using my credit cards for food bills, gas, utilities and occassionally a car part when I just couldn't take it anymore.
The only way I can get back to school is to 1) elminate the 400 dollar a month pay back of the loan I took from the 401k 2) Doing so requires that I wipe the slate clean 3) My credit cards are a a burden. if I want to go to school, and I DO, I honestly cannot afford to have that monkey on my back.
Add it all up, my credit cards, the 401k loan pay back and my monthly payback is well over 1,000 dollars a month. Couple that with trying to save for school, work on the car, and cut my salary by 50% (Going from making 58k a year to less than 28) and I am worse off.
The only true way to fend off this succession of bad decision making from my past is to dissolve the 401k, pay off the loan, take the remainder and pay off my credit cards and I will be at zero.
(which overnight has become quite saddening as its in the back seat again)
Ask yourself....do you really think this is where I WANT TO BE? Most certainly not.
But I dont want to put school off any loner than I have to, and if it takes me a year to pay everything off even after I settle most of my debt, I wouldnt be surprised.
Money isnt everything,and with that attitude Ive gotten myself to where I am now.
Pity.
The idiot in me still wants to buy a bunch of stuff for the car on a shiny new card Ive got, but after the booze wears off and reality sets in, its not a great idea.Might I still do it? Maybe.
But something just arent about desire. Thanks for the feedback though. You are, in fact, 100% correct. I just wish I had the luxury of going that route.
Realize that for 2 years Ive been living paycehck to paycheck, fighting to stay afloat and using my credit cards for food bills, gas, utilities and occassionally a car part when I just couldn't take it anymore.
The only way I can get back to school is to 1) elminate the 400 dollar a month pay back of the loan I took from the 401k 2) Doing so requires that I wipe the slate clean 3) My credit cards are a a burden. if I want to go to school, and I DO, I honestly cannot afford to have that monkey on my back.
Add it all up, my credit cards, the 401k loan pay back and my monthly payback is well over 1,000 dollars a month. Couple that with trying to save for school, work on the car, and cut my salary by 50% (Going from making 58k a year to less than 28) and I am worse off.
The only true way to fend off this succession of bad decision making from my past is to dissolve the 401k, pay off the loan, take the remainder and pay off my credit cards and I will be at zero.
(which overnight has become quite saddening as its in the back seat again)
Ask yourself....do you really think this is where I WANT TO BE? Most certainly not.
But I dont want to put school off any loner than I have to, and if it takes me a year to pay everything off even after I settle most of my debt, I wouldnt be surprised.
Money isnt everything,and with that attitude Ive gotten myself to where I am now.
Pity.
The idiot in me still wants to buy a bunch of stuff for the car on a shiny new card Ive got, but after the booze wears off and reality sets in, its not a great idea.Might I still do it? Maybe.
But something just arent about desire. Thanks for the feedback though. You are, in fact, 100% correct. I just wish I had the luxury of going that route.
Originally Posted by feldguy
Well, aside from the expense, Im not sure where I could get them. I am moving to an area very close to Pocono Raceway and there are plenty of shops and places around here that have racegas on tap.
I mean, heck, I could even get my own drums and fill from the pump....and transport it!
Wait, dont you need a license to do that? LOL
I'll let you know what I find out. You're not too far away, I could get one to you. HAHAHA. ow that'd be a great racket.
I mean, heck, I could even get my own drums and fill from the pump....and transport it!
Wait, dont you need a license to do that? LOL
I'll let you know what I find out. You're not too far away, I could get one to you. HAHAHA. ow that'd be a great racket.
You're car's gonna be a beast!
3240, My car in an 03 with 60k miles. I aready have like 8k in stuff done to the car itself. Thanks though!
Sterling, it is a bit better than moonshining but probably just as illegal.lol
Sterling, it is a bit better than moonshining but probably just as illegal.lol
id like to see the penalties you will have to pay for taking money from your 401k. Personally I wouldn't touch it, just let it keep making money, you worked for your money now let it work for you.
dry, as said before in previous posts, I cant afford to keep up the monthly payments on the loan I have against it, regardless. If I want to get on my feet that isnt the way to do it. For what? Yes its good to plan ahead, but its quite a bit bigger of a burden especially one that I can start over with again. thanks or the conecern though
2 things
IIRC you do not pay back the loan if you leave the job since it is a loan on your own money they can simply take the money out of the 401k.
More importantly and my only point is this. You will pay 42.5% tax and penalty on the money you take from a 401k plan. You pay 20% tax upfront and a 10% penalty on top of that. Then this money counts as income when tax time comes and you will owe the government another 12.5% of the money in taxes. Trust me I did it in the past when I was younger and I owed thousands in taxes when tax time came that I was not aware I would owe.
MAKE SURE you have set aside that 12.5% of the gross amount to pay to the government at tax time of your situation will be a lot worse.
Let's say you are taking 20,000 out of your 401k. You will initially only get 14,000 in the disbursement. When tax time comes you will owe approximately 2400. What people don't realize is that that money will significantly raise your tax bracket and you pay dearly for it.
In the end you would end up only gaining 11,500 out of your 20,000 that you had saved.
IIRC you do not pay back the loan if you leave the job since it is a loan on your own money they can simply take the money out of the 401k.
More importantly and my only point is this. You will pay 42.5% tax and penalty on the money you take from a 401k plan. You pay 20% tax upfront and a 10% penalty on top of that. Then this money counts as income when tax time comes and you will owe the government another 12.5% of the money in taxes. Trust me I did it in the past when I was younger and I owed thousands in taxes when tax time came that I was not aware I would owe.
MAKE SURE you have set aside that 12.5% of the gross amount to pay to the government at tax time of your situation will be a lot worse.
Let's say you are taking 20,000 out of your 401k. You will initially only get 14,000 in the disbursement. When tax time comes you will owe approximately 2400. What people don't realize is that that money will significantly raise your tax bracket and you pay dearly for it.
In the end you would end up only gaining 11,500 out of your 20,000 that you had saved.
timz, thats really geat info. i called about the loan and for them they said it still has to be paid back. If i can stress that option I'll take it without question.....
For me though the 400 bucks a month with my new 12.50 an hour crap job....lol
Can I pay that tax upfront instead of holding onto it? And also, last years income wont be the same as this years, it will be much lower as Im changing jobs. So if I opt to do that I figure I can cut to the chase and pay it off and my salary decrease will balance it out.
I dont know what to do at this point, Im sure I'll figure it out.
School is my main priority, Im just trying to make the transition as easy as possible.
I must ask though....can we get back to car talk? Dont get me wrong at all, the advice and help is very welcome and will be put to use...
Not like I wanna "talk about me" But Id like feedback on my setup...or input on what to change.
For me though the 400 bucks a month with my new 12.50 an hour crap job....lol
Can I pay that tax upfront instead of holding onto it? And also, last years income wont be the same as this years, it will be much lower as Im changing jobs. So if I opt to do that I figure I can cut to the chase and pay it off and my salary decrease will balance it out.
I dont know what to do at this point, Im sure I'll figure it out.
School is my main priority, Im just trying to make the transition as easy as possible.
I must ask though....can we get back to car talk? Dont get me wrong at all, the advice and help is very welcome and will be put to use...
Not like I wanna "talk about me" But Id like feedback on my setup...or input on what to change.