Betting it all on my website

[morpheus83]

I started a website with a friend a year back. It has come a long way and both are earning a respectable 5 figure salary (in Rs) which many of our age dream of. However because of the website our graduation is postponded neither we have done anything from our career point of view. Our site is still in it's initial stage and has a long way to go. Is it ok to be depended on a website to such a extend? Our website is purely advertising based with adsense making 75 % of the share.
I am thinking of getting a car loan next year based on this. Is it ok?

[Essex_boy]

Never ever, never ever, never ever take on longer term commitments based on a shaky income stream.

You seem to think this may be shaky otherwise you wouldnt ask about it, so make sure you have plenty of spare cash in the bank to cover yourself in the event of a down turn.

Just wait and buy the car for cash youll sleep far easier at night.

[whizkiddo]

wow man, go in for the honda though. i love the car ;)

[morpheus83]

Honda is too exp. Was thinking about the Maruti 800 or Alto. Max EMI I can give is 5k.

[hannamyluv]

Save the money and pay for the car in cash. You'll save both money and stress in the long run under the idea that if the money flow works out, great, you have a car. If it doesn't, you still have your credit.

[wildguy]

I tell my friends... "Work smart, save everything, invest intelligently."

I make more than my friends. Yet, among us, I drive the worst-looking car. It's an absolute piece of poop vehicle. And when it expires, I'll be buying another piece of poop vehicle. And my friends will laugh. But, that kind of thinking lets me lead a stress-free life. Lots of investments and no debt.

Honestly, I would not be able to justify getting a loan for an asset that only loses value.