Does anyone here make under 6 figures and still own a Ferrari?

.....and a boxer on the way...

 

We get the launch you guys get the boom. I've seen/heard both several times and it's still is cool to me.

 

Thanks Paul! LOL!

 

The Avg person from the age of 18-30(in Australia) would spend more money drinking then what ferrari repayments are.

Take your pick!

 

Absolutely do-able on 5 figures if you're smart about things. I'm saving for my oil change by eating ramen noodles.

 

Sitting in my driveway!

 

Hahaha!

 

Heard that!
When I bought my 348 in 2005, I was WAY under 6 figures, but I did it. And Ferraris are alot more expensive here, than in the US.
As long as you get your priorities straight, then you can do it too my friend.

 

I heard if you wear the same shorts for ten years you can save enough for a major.

 

Thats the plan! Priorities mate.

 

4 Ferrari's, 2 Lamborghini's, a ton of well optioned muscle cars, and i gross less than $100k a year.

stay single ...

 

Man!!! I know you have your priorities in order!
Well done ol chap!

 

Welllllll, it depends.

If you look at my tax return I earn well less than that. In fact most years my businesses lose money on the tax return.

As for what I actually earn in spendable money.... I wish I knew.

But as for my Ferrari, I have owned it for long enough that it is now worth roughly ten times what I paid for it. I have invested some money into it to be sure.

And with real estate soft around here the ferrari is doing better as an investment than any of my real estate.

I suppose when the real estate takes off the Ferrari will not.

Tom W

 

Shoot all of us have under 6 figures as taxable income after all those write-offs!!!

 

I am unemployed briefly and I has a Ferrari.
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I always read your posts when I run into them and you're pretty much always right on. Are you a really big Frank S. fan?

 

Sinatra's the man.

Everything else is filler.

 

I bust my A$$ and dont make 2500 a month and cant seem to swimg it ...dont know how other seem to do it..

 

It is simple. I bought one (2 owner '81 308 GTSi w/ 37K miles) at a reasonable price for the time (April 2000 for $28,500), put down $3,500, financed the other $25,000 for 6 yrs @ 10.5% w/ payments of $462/month (cheaper than almost any new car payment now-a-days).....(worked for a bank with a boss that was also a Ferrari fan...with good credit, some banks will finance an older-than-7 year-old car...fish around here or check out J.J. Best -but they require 20% of purchase price as a down payment), plus the roughly $1,900 of sales tax out-of-pocket. I had a "household income" with my then wife of maybe $70,000 with a paid-in-full 4 Runner (my daily driver), a paid-in-full newer (used) Prizm (wife's daily driver), & a paid-in-full (used) Corvette ($8,500 for an '84 model...had to get her that first to keep her happy).

No, I don't want to hear the pros & cons of "pay cash vs finance it"...do what you want......screw the Jones'; keep up with yourself!

It CAN be done & had....reasonably.

 

Hey George, how ya doin? LTNS. PM me,

Paul~

 

Taco Bell ?

Wal-Mart, cheap ham, cheap turkey, W-M brand everything, water from the tap, that's how I lived in San Antonio for 7 weeks when my former cheap employer gave us $20/day for 'meals'. I think I spent about $7 a day tops.

 

Its not how much you make, its how much you save.

 

This advice is so right on. This is me also, except for the jobs that pay well part. No flat sceen TVs, no cable/dish, I'm almost 40 and the two new cars I've purchased were both for my wife and even those were cheap and cheapish. No doubt the fashion aware look at me in dismay with my Mervyn's attire from 199?. Buy stuff that will last, isn't trendy/hot/disposable. When you're young and don't make any money, live like you are young and don't make any money. When you are older and making more money, live like you are young and don't make any money, and the money piles up. Live below your means. Don't finanace anything except a house or anything that makes money/gives tax advantages.

Read The Millionare Next Door and Rich Dad, Poor Dad. You can do a lot with a little, but you can't do everything. Focus on the important.

 

Every week there's a "new" thread about this ever repeating subject.

DONT ASK FOR AN ANSWER YOU ALLREADY KNOW.

Use the grey cells, you got as a present, the day you were born......
(work on making dreams reality)

any word written is to much!

 

I just cant be the dude parking my fcar at my single wide trailer.no offence to anyone.