Ferrari Enthusiast, Web Developer & Entrepreneur

The keys ..... ahhhhh an awesome feeling, and welcome to F chat. You might want to fill out your profile a bit more with your location. There is most likely a Ferrari owner close to you. Consider a used one first in the Maserati range ? Do your research, talk to people on here, and yes it is well worth the wait. I personally don't like the attention and love the back roads, but a thumbs up from someone does not hurt.

 

I'm actually the original poster. This post is a bit of 5-years-later memoir.

In short: I blew it. I don't own a Ferrari five years later despite making more than enough income. I'm now 27.

I'm really disappointed in myself. I did actually buy that Maserati GT in 2015, and sold it a year later in 2016.

A better investment would had been to buy Tesla stock. In 2015 I had $60K in cash, and I seriously considered buying TSLA. I chose to buy the Maserati, which I only owned for a year. It was traded for an Audi A7, which has massively depreciated in value. The Mas GT, on the other hand, has held quite steadily. I've been a HUGE Elon Musk fan since 2014. AI, ML? Check -- been rambling about it since then. If I had chosen to invest in TSLA, the $60k would be $427K today.

I earned ~$200k/yr in salary in the years between 2015 and late 2018. More than enough to save, invest and probably own a house & Ferrari by now.

Total pre-tax income over the last 4 years has been ~$1.1M.

Unfortunately, I wasted most of that income on living a lifestyle that wasn't affordable. I was paying all expenses for two people -- myself & my then-girlfriend. Multiple car payments, expensive rent, accumulated credit card debt which ruined my credit and going out to eat for every meal every day.

I didn't care about saving money -- since my plan was always to sell a company by now. I also gained a lot of weight, and wasn't very happy with my appearance during these years.

I wish I would had done things differently. Life would be so much better today. My then-girlfriend, whom is a few years older, did cry when I bought the Maserati. Not out of happiness, but anger. She wanted me to use that money to invest in Real Estate. I wish I had done that as well.

I'm now 27 and still earn a relatively high income. 2019 was thankfully a great year for me: I cleared my debt, began to fix my credit score, and finally started saving money. Hopefully I learn from my financial mistakes in future years.


^ 2015-2016

 

Keep the dream alive!