Ferrari owner careers....

here you go,...(the quote sections aren't formatted though)

Why does this exist? Why take the hours (and it took hours) to create this?

Quote:
Originally Posted by Rico
I'm always skeptical of people who come into the Business section and post a load of
questions for the more established members to answer, when they themselves only have 2 or 3 posts ALL
within Business.

If they're soo keen to buy a Ferrari, why aren't they posting in the other sections, their local
section and going to meets?

I sometimes feel people use FerrariChat's Business section for their own gain without giving anything
back to the site.

Appologies if i'm being over cynical here...
Thats why.

Now that you know why, please read this thread.
Building Personal Wealth and Regrets




Question: I'm In highschool, is college worth it? Should I expect to be able to go into the world,
high school diploma in hand, and make a success of myself? I want to be selfmade.

Answer: Yes college is worth it. The better the college, the more you will get out of it. You can
make a success of yourself without going to college, many people have. THat doesn't mean that college
isn't a good idea.

Quote:
Originally Posted by msquared
there are without a doubt 'self made men' and college is absolutely not 'mandatory'
in order to be successful. but why make it more difficult for yourself? why stack the odds against
yourself for no reason? life is tough, you will have hard times regardless of what decisions you
make. to not take advantage of good opportunities, IMHO, is silly.
Quote:
Originally Posted by mchas
I can't give you the source (because I don't remember), but education on average pays
the highest return on investment, beating real estate, the stock market, etc. I remember when I was a
senior in high school, I thought I knew a decent amount of information. Boy was I wrong. College is
about more than just learning from books. You'll gain much more in terms of life experience and
maturity in general. The trick is, find something that interests you and go for it. High school is
more about general education, and you have to suffer through the classes you dislike. In college, the
general education is minimal, and for the most part, you get to learn what you want to learn. On top
of that, you can still be "self-made" and have a college degree... I don't see why not.
Question: I'm *insert age*, Graduating college soon and want to start a bussiness. I've got a plan.
What should I expect?

Answer: 80-100 hour work weeks. Lots of work, Lots of dedication. Your friends and family will suffer
as a result, but hopefully they're understand. You social life will probably suffer. You will make
compromises and sacrifices.
Quotes from members regarding this question.

Quote:
Originally Posted by lafun2
Other advice? Work hard, stay focused. Don't spend money on women or friends. Be a cheapskate.
Wear cheap clothes, don't wear a watch. Minimize expenses. Don't buy expensive stuff. Don't go out
and eat at fancy restraints. You will be fine. Never try to keep up with the Jone's. Never compete
with other people socially. Be happy with what you have, and last but not least live well below you
means.
Quote:
Originally Posted by FIAutoSports
It is hard work. At one point, before my business grew profitable, I worked 1 other full time
job, a part time job, and ran my business. The recharge is knowing that I am doing something that I
have always wanted to do and had the gumption to step up to the plate and take a swing.
Question: Careers that make money?

The standard answer here? Do what you like, work hard, and the money will come. Want something more
in depth? Sorry this is just a summary of the replies this forum has made and that answer is the most common.
The other common enough answer. Glamour jobs (Venture Capitlias, Stock Broker, Working with movie
starts etc...) does not necessarily make big money. Some of the richest people own companies that
clean up garbage or own a laundry mat chain.

Quote:
Originally Posted by ryalex
There is an issue of Worth magazine that was VERY revealing for me, "The 100 Richest People in
100 Cities" and had mini-bios of the tycoon of every large and midsize city in America. I was floored
to see how many guys were worth $100m for a chemical product, $100m for rubber gaskets around window
frames (and another with a fortune in tempered glass), $50m in potatoes, $4B in candy, etc. Very few
doctors and MBA's on that list (although I'm sure many wealthy in those towns too), but it was a
surprise to see THE richest person in any given city was generally an industrialist with a technical
degree, marketing some widget that is a mid-stream component of other end products.
Question: Does a school's prestige matter?

Answer: I really liked this quote on the matter. However going to a non "brand name" school doesn't
mean you can't succeed, it just makes it harder.

Quote:
Originally Posted by lafun2
If you are thirsty, do you buy Coke or do you buy UROTRASh drink? You buy coke, cuz no one
knows WTF urotrash is (no hard feelings Doc ). Point is, go to a brand name place, will open up many
doors in your life. As far as transfer, you need to start filling out applications your sophomore
year, so that you can start your junior/senior year at the new school. WIth a 3.8 you shouldn't have
trouble getting in somewhere decent. If money is an object, try public school, like Univ. Of
Virginia, Univ of Michigan, UT Austin, UCLA, UC Berkeley and so on. If money is no object, go IVY and
to the best you can.

Question: No question, just a break.

A hard lesson you should read

Question: I've found about X "comapny" (pyramid scheme) and it looks like I can make a lot of money!
But I need to pay for my sales kit/training/seminar/etc... What do you guys think?

Answer:

Quote:
Originally Posted by PimpDaddy
NO NO NO NO NO NO NO NO!!!! D@MIT NO!!!!!!!!!!!!!!


Take the $500 and put it back in the BANK!! NOW!!!
Anything requiring you buy in and attend a seminar is NOT WORTH YOUR TIME!!!
Get a sudden case of Testicular Swellage and Stay Home!!
Who you going to sell this stuff to anyway? Friends? Family?
NOT WORTH IT!!!

MOVE ON!!!

Question: I'm a novice and I want to be a trader, how do I do it?

Answer? I'm not a trader, but here is what people have said.

Read: "Reminiscenes of a Stock Operator" by Lefevre. -recommended by jbtrader23.
Read: "The Disciplined Trader" by Marc Douglas -recommended by enzoz2
Read: The Wall Street Journal's Guide to Money and Investing

Visit the website www.fool.com I swear this is not a prank link. Really.

Question: Is an MBA worth it? (I've asked this one myself)

Answer: I like these two answers.

Quote:
Originally Posted by Rob Lay
The reasons I went through with my MBA...

1) Personal feel of accomplishment. Use to be a big deal to get a college degree, I think getting a
masters is similar now to if your grandparents got a bachelors.

2) B.S. was more business based, so I did my MBA in M.I.S. as that's where my career was.

3) I got it over quickly without interrupting my full time job. University of Dallas had all classes
after 6pm or weekends. Only took 30 months part-time going year around.

4) My company paid for all my tuition.

The reasons not to do an MBA...

1) It will only be a minor factor in job advancement and salary level.

2) Time would be better spent out in the real world doing, than sitting in a class room. I did it
only 2 years out of undergrad, so the opportunity cost wasn't too great.

I'm glad I did it. Didn't cost me anything money or time wise, but by no means did it really
"educate" me or do anything life changing for me. I never expected it to though.
I would more highly recommend an MBA to someone without a business undergrad. I went to one of the
top business schools in the country for undergrad, so the University of Dallas MBA program was a joke
compared to what my undergrad education had been.
Quote:
Originally Posted by colo348
Hi;
Interesting comments on education. Any time you focus on learning something it is not a waste of
time. Many people have the attitude that working hard, reading journals and associating with the
"right" people is all you need in business. However, there is some credence to this logic and there a
few people who naturally understand business.

On the other hand going to school and getting an MBA can be a very great experience and extremely
useful in business. A successful MBA experience is centered on what you want out of life and how you
look at learning. If you see learning as just going to school them bag it and do something else. I
got an MBA in finance after starting two businesses and selling them. On the third start up the MBA
experience give me a different perspective on planning; financing; activity costing; profit analysis
and most importantly a different slant on how to guide a group of people in a common direction. I
just sold that business for a few bucks. I also have a degree in BioChem from University of
California. I also learned programming and system design on my own, so learning is a good thing and
worth the effort. I happened to focus on the stuff I liked and as a side light made some cash.
I would suggest you work in the real business world for a while and then go back and get and MBA,
it'll make more sense.

Ciao,
Jim
Question: When Should I start my own company?

Answer: Go HERE!!!!

Quote:
Originally Posted by PimpDaddy
First choose an industry you enjoy and go to work for a SUCCESSFUL company within that industry. Learn everything you can!

Move up and learn more! Eventually you will have the knowledge you need to make an informed decision regarding self employment or indentured servitude. If you decide to split take the best talent and accounts with you. If you decide to stay enjoy the predictability and security of a Corporate Whore.

Good Luck

Knowledge is NOT Wisdom !!

Question: Should I open up a business or go to school first?

Answer: School first, while at school work somewhere that is related to the business you want to start in order to build experience.


Question: How to become a "market maker"

Answer: hard work, luck and connections.


Question: Daytradi--- *you get smacked on the head*

Answer: Just say no. Gamble for fun and in Vegas. Do not gamble as your source income.


Question: I'm going to a good school and want to make some money with my free time.

Answer: Work harder. Seek out the girls and get laid. Also look for internship programs to build
future business connections. Otherwise if you want someone you should probably go to your school's
job board or look in the classified section of a local paper.

More specific version of that question with a more specific answer is
here


Question: I'm just out of school and want to invest. Any advice?

Answer: This entire thread


Question: How about Investment Banking?

Answer:
See this thread and pay particular attention to this post

Disclaimer: This post is a summary of the views presented by people on Ferrarichat, as well as my own. Take it as you will.

Books you should read:

Investment Biker - Jim Rogers
Adventure Capitalist - Jim Rogers
Monkey Business - Peter Troob
Reminiscenes of a Stock Operator - Lefevre.
The Disciplined Trader - Marc Douglas
The Wall Street Journal's Guide to Money and Investing
The Intelligent Investor by Benjamin Graham, Jason Zweig
One up on Wallstreet by Peter Lynch and John Rothchild

These are the ones I like (the first two, a lot) and the ones I noted when searching through the forum to make this post. I encourage anyone reading to offer up additional advice, and defintely more books.

 

What if your passion involves driving Ferrari's and being on vacation in faraway lands? I haven't had any luck getting paid to indulge in those passions

 

I worked my way through various manufacturing roles in Materials and Operations to become the President of the company I am now with my car hobby grew along the way until a few years ago I got my first Ferrari after many sports cars good luck finish school work hard and it will be your ability to buy a ferrari or whatever toy you want

 

Then you will need to find a stream of income to support those desires.

Old fashon way ....... marry into money

New way ........ work hard and excell

New age way ....... Find a need and fill it.

 

I am retired. The one job I would go back to work for is a test driver at the Ferrari factory. Seems they have 18 drivers to test every new car on their track and the public roads before sending to the customer. I would move to Italy for this job.

Retired banker in a small town. Bought the bank. Sold it. Took 30 years.
I came. I saw. I sold (and left).

 

F-25 car salesman and Napoleon Dynamite stunt double....









I've gotta come up with some new jokes, those are getting old. Seriously though, after being on this site for a couple years I've found that a lot of the Ferrari owners are business owners and/or have made some wise investments to get where they are. They also sacrificed in their earlier years, a lot of the younger people I see nowadays have to have the latest and greatest, like the 20 year olds making $30k/year and buying a $35k Evo MR, and then dumping even more money into mods. There are also the doctors, lawyers, managers, etc. and the working class who have saved wisely for their Ferrari. And for the record, no I don't own a Ferrari , maybe some day

 

I'll state upfront that I do not currently own an F-car. Hopefully by the fall, but time will tell.

I'm now 38 and own my own business. It's small, but profitable. The company used to be a bit bigger but wasn't profitable. I'm now ready to start seriously looking for an F-Car in the sub-$50K range. Hopefully as time passes and the company strengthens, I will be able to afford the newer range of cars, but time will tell.

After having worked in a variety of fields, the one thing they've said that I absolutely agree with is: do what you love. Do what you love, be the best that you can be at it and the money will hopefully follow. And even if it doesn't, you're doing something that you find rewarding and fulfilling instead of living a life that you hate.

Just remember, there's no one path to F-car ownership. The owners in these threads range from industrialists to police officers, and everywhere in-between. No matter who they are, they are doing the work they love and making whatever sacrifices necessary to reward themselves with ownership.

 

I opted for the work hard and excel way, it seems to have worked so far. Maybe one day I'll be able to have a moment of inspiration, find a need and try the new age way

 

Get a college degree, work hard, save money, and it's not a problem to get one. It's all a matter of priorities.

Want it fast, don't get married or have kids first.

Want to get married right away? Marry into money and you can have a wife, family, and the car early in life.

 

I'm Paris Hilton's designated driver.

 

I'm a regular guy. My family could of qualified for food stamps growing up. I earned an engineering degree from top 5 school. I bought a TR at 27. I know a guy my age without a college degree. He had a 308 and then a 348 until he sold them to start a family two years ago. My Uncle's 1st car was a 57 Vette, he still has it 40 years later. He followed that up with a 365BB and a 246 Dino. He's an M.E. FYI my grandparents were poorer than my parents.
Get offline and out to the bars/parties ASAP but stay in school. College is the most fun/least responsible combo you will ever encounter. One day when you have a Ferrari you'll be at home on a Friday night posting a reply on F-chat. Until then make sure the sority girls know your name.

 

funny thing, I know a guy who sells private jets for a living. he says, on every sale at some point comes THE STORY. How the guy got his wealth. They seem to have a compulsion to tell how they got rich. Here at FerrariChat it seems the opposite, reluctance to tell. Maybe if you saw one of the owners in person he would be anxious to tall you his story, after all it must have been an exciting and engaging story to him while he lived it.

How I married, or how I made my first million, what could be more interesting to the speaker? Maybe the problem is how people ask. The implicit "I am not interested in you, I am interested in me and how to get my Ferrari".

 

Worry about the bigger things in life. Buying a Ferrari will be easy. Cars are relatively unimportant. Houses nowadays are easily in the $1,000,000 range. Kids will need a lot of $ for college. You need $ to retire. How does one expect to buy those more important things if they're just worried about saving up and then blowing all their savings on a stupid car?
Exactly what type of job you have doesn't matter as much as how good you are at it.

 

I invented the BJ, evertime someone gets one, I get a royalty check.

 

Buy Old Houses in CAnada?

 

Well, I was almost hesistant to post on this forum, but htought it would give you some encouragement. I am kind of the exception to the rule. And please guys don't take this as bragging. I'm a 24 year old guy and have just purchased my first Ferrari and plan to own a few more. I've owned porsches, mg's, healeys, you name it. But there has not been another car that has totally just taken my breath away. I am married and have a young son. I guess what i'm getting at, is kinda what the other guys have mentioned. Hard work is the key to anything. I saved for years and years and made sacrafices earlier in life to get where I'm at. I'm a Service Rep for Hunter Engineering. Basically, I'm the guy that fixes the tire changers and alignment equipment when it brakes in the Georgia area. Your gonna hear a lot of bull**** while your in college and from other people, but the best advice as a young guy and I'm sure a lot of theses older gentalmen will agree, is to shut your mouth and open your ears. It is amazing how much I learned from older, more wiser people by doing this. I learned along time ago, 9 times out of 10, what an older person is telling you will most likely be the way it is because they have "been there done that" It's also about doing something you love. Your never gonna be successful if you don't love what you do and really have a passion for it and a clear path of goals. Like I said, this is just my 2 cents worth, for what it is worth. I hope some of the older guys will agree. Good luck to you in whatever you choose!

 

i am a hand model, i work together with george kostanza and we are very busy.!!!!!!!!!!!!!

 

You must have made a bundle off of me

 

Funny, every time I get a check...

 

When I clicked on this, I thought it was an offer to "Own Ferraris as a career". Oh, well.

 

I just sent you 6 more checks...

 

No, only send him a check when you RECEIVE one ...

 

And car nut.

I am an Architect first. I like to do contemporary designs but have also done a lot of adaptive reuse of historic buildings, passive solar, superinsulated and green buildings. I currently own my passive solar contemporary home which has an apartment in the basement, a separate carriage house with living quarters above (rented) and spaces for five cars and work space on two levels enterable from two levels one from the east and one from the west, a small 1860 ish home which I renovated and have rented, and a five story historic building which has offices, storage spaces and 15 residential living units which we have had zoned condo and are selling off.

I currently am finishing a new home in a historic neighborhood on a lot that was never built on because it was deemed too steep. This house is now sold but was begun on speculation.

We will do about anything with buildings that it looks like some profit can be made from, but I tend to just do things that I find interesting. Things that are common are tougher to make money at because lots of folks are doing them and there is less profit possible. (It is hard to beat a cheap home builder at his own game, for example).

My ecclectic fleet of cars includes the pf coupe, an 84 mercedes euro which was brought into the country to be run in the Amerathon Ralley which was to have been run in 1984 from california to south of south america to alaska and back. It has an interesting spec with lightness a priority, a five speed tranny and a 369 (lower than standard) rear end. I currently am using it as a dedicated autocrosser. A 66 scout with snow plow, an 82 mercedes 300cd which my college age daughter drives, a dodge truck and my daily driver an awd magnum.

Tom Walgamuth

 

my advice which most young people would want to hear is: buy a big gas guzzling SUV, charge on a card some 22" dubs to hip it out, same with a sound system, finance some fancy clothes and a watch, finance a nice plasma tv home theatre syetem, meet some player gold digger type chick which are usually too dumb to see the guy really has no money but wants to look good with him driving around, knock her up and live miserable ever after working for someone

 

Its the honor system. I recieved 6...so well you know...