Notice on the homepage referenced, there is a "grate" opportunity offered. I suppose that's where you'll be sleeping after in vesting with them! http://www.loyal-investment.com/
Couldn't agree more. People tend to forget that Ferrari has history which generates enthusiasts and when you become a passionate F car lover then I think your wealth is irrelevant (yeah you must have a bit to earn one). You may have 100 times less wealth than the person next to you but you own a couple f cars because you love it but he does not care for one. I have friends who don't give a damn about cars let alone Ferraris and they are loaded.
Ahem...we need some pictures of the people in Costa Rica you have been volunteering to help Rick. You can e-mail them privately if you wish (grin)
I am sorry for restarting this thread from the summer, but as the original creator of it I just wanted to say I have gained a lot of motivation from it and have began investing in real estate! I own two homes now and plan on acquiring a third soon. If anyone is into real estate investments please send me a private message becuase I am about to take a HUGE risk in acquiring a bunch of foreclosures and need some advice. Thank you. Corey
-take risks, the bigger the risk, the bigger possible reward... -invest, investing in something like bonds or stocks can offer confidence in investing yet not yield a higher return... if you invest in stocks (new promising-looking companies) you are risking your investment but could possibly get a huge return. -start your own business, start something that you think could be useful to the community, you will be relatively poor for the first years but if you are smart about it can make yourself a pretty penny. -become a doctor-usually works for most people
my favorite quote regarding this: " I race cars, fondle women, play tennis, I have weekends off and I am my own boss" Dudley Moore- Arthur
I have no children. I acquired my first and present Ferrari at age 53. How financed: All cash for purchase price, and night and weekend work for several months to pay for purchase-related costs and reconditioning work. That's the way that worked out for me in the end; financing might work better for someone else. I was also prepared to finance and had a home equity loan approved and waiting if it was needed. I'm not addressing anyone in particular on this board, and am not putting in my $.25 worth on the virtues or disadvantages of having children. That is an entirely subjective matter. All I'm commenting on is personal experience. I've always considered it extremely rude to have someone ask the reasons that we don't have kids, and downright offensive for them to imply that I was somehow inexcusably self-centered or living a second rate life because I didn't. It's really no one's freaking business. I do my best not to ask others too-nosy questions about their lives, and greatly appreciate the same courtesy.
amen to that... good points in that statement. i also find it rude that people budge in and inquire in regards to choices that me and my significant other make- obviously since it affects directly us we have discussed it and noone else should even think about inquiring to our choices... for god's sake let us live our lives the way that WE (not anyone else) want to live them!
This discussion is fascinating as it reflects so many different perspectives of the society we share. Some are sensitive to the question and others are equally prickly about the answer - and yet feel compelled to voice their dissension either way. Some say that its "just a car" but others feel its more than that. As if its ownership somehow distinguishes who they are, what they believe in and what they think it represents. One vein I have not seen much written about, is driving the things, and driving them in the context they were originally conceived. Like the US, the Europeans had a cadre of people both before and after WW2, needed, wanted or were required to travel by car for more than a couple of hours. In that context, and if the guy (and almost all were men) was able to learn enough about how to drive fast, cars like Ferraris were procured to do just that. This often led to the deployment of that car, or ones like it in a competetive environment like the Mille Miglia where you could road race your daily driver under very limited supervision. Roll forward to today's Nanny state and none of this really feasible, so anyone driving these cars to their potential on the open road is doing so illegally with all the consequences of that activity. Some of which can be serious. So if these cars cannot be driven the way they were designed, their ownership is very much part of self image, posession, the same way any other purchase is made but with one proviso. For some, the shape, the engineering and the feel of letting the clutch out and conducting it down the boulevard at 40 mph listening to the $3K exhaust burble, is the same type of desireable experience as perhaps, a fine wine. But in my opinion, if you dont learn to drive the car at whatever limit you are capable, on a closed environment like a track, its just a car, an ego trip (of varying degrees admittedly) and for some, art. Now if you still want one, just figure out why and you may find you can get just as much for a lot less, much sooner. Or you may not need one to satisfy that craving at all. After all, there are lots of ego cars, arty/designer cars with useable as well as obtainable high performance. Without the performance exploitation, you can do just as well with replicar. Ford makes some good motors!
It may be just a car, I agree. But we all have differnet passions. Some may like to collect and drink wine, some may like art, some may like to collect those glass/crystal figurine things, whatever. We all have passions and interests. While some may just see it as a car, we see it as more then that. If we say to someone who collect arts and pays the "Ferrari price" for the "Ferrari prestige", thats just a painting, they may see it more then that.
It's not what they do, it's what they don't do. They build investment strategies and stick to them. I'm referring to those that truly can afford Ferraris and aren't sticking their necks so far out to buy a car they can't actually afford that they wake up at 3AM in a cold sweat after having nightmares about margin calls. Those are called sukkas. Going by the math of my investment strategy I'll be able to realistically afford a car that costs $200k (in 2005 dollars) in 10-15 years. I'm 29 now. However I just started a business of my own. Depending on how that goes that estimate could be dramatically shortened or increased. The lottery.. the dangling carrot for the proletariat.
wow, this thread's back again. as to the "one kid = F40" and other such arguments... i grew up in a large family, witnessed and partook in the raising of younger siblings, and have recently completed ( ) a half-decade relationship. i didn't want marriage or kids in my future 15 years ago as a spotty teenager, and i still don't now as i close in on being a 30 year old boy. the "rewarding" thing is totally personal, and as grinch-like as it sounds, some of us don't have the emotional make-up to deal with close relationships and warm fuzzy feelings all the time. i've become very attuned to that moment where i first start feeling "drained" after significant interaction. at this point all i want to do is be alone. so instead of kids and family, my versions are like "everyone should experience this rewarding: mountain climb, steak and wine, camping adventure, lunch by the river instead of at your desk, late-night dance-club... etc". perhaps 15 years hence my priorities will have been re-aligned, and MY mid-life crisis will be to get married and reproduce. as usual i seem to have everything bass-ackward.
i won $10 million on the lottery, so i dont have to slave myself to countless hours of work like these other people.
Haven't you been checking 360 prices? These cars have been so overproduced that the prices are falling like a saggy pair of 65 year old boobs! As the poser factor of "I've gotta have the latest bling toy" falls and a new bling, bling item comes up (as they are now)....the overproduction of the 360 will make their values fall...as they are. If you would like to pay more for one...I'd be happy to sell you one. But the reality is the 360 is just a production car made in huge numbers for Ferrari and the supply is much greater than the demand....therefore the prices will fall.....no matter what the dreamers are asking. Ciao.....Dino
??? It's naive of me to draw a distinction between those who can afford something and those who overextend themselves? I formed that distinction after seeing several people lose their jobs, homes and toys over the past few years. The original poster asked "What do these guys do for a living to have such an incredible budget to afford such a car?" - I heard this as "How can I get rich?" I agree that asking people "how much money do you make?" is crass, but I think when you're younger and you're first exposed to something like an exotic car and that kind of lifestyle then your first question's inherently going to be "How can I live like this, too?" My family didn't/doesn't have a lot of money, and the first time I was at the gates of Moroso when the Ferraris came rolling out after a track day during Cavalino.. that was the first question on my mind. Well, even in theory, wouldn't that depend on a lot of things? How far will that remaining 100k get you - is that all the money you have left with no additional income? are you paying for a home? mortgage and utilities or just utilities? property taxes? ad valorum taxes on your million dollar car? gas? insurance? do you have a second vehicle or are you daily driving your million dollar car? if you have a second car then there's more spent on taxes and insurance.. and if the enzo is your daily driver then you'll have to prepare to pay more for maintenance. is that 1.1 million liquid or is it in investments? if it's in the market.. are you on margin? if there's a margin call are you going to be able to cover? more than one? what about capital gains? what about food, clothing, etc? these are the things that ended up burning a lot of people when the US economy took a dive a few years ago. I don't know you from Adam and I certainly didn't single you or anyone else in the world out in my post.. can you tell me why you're taking this so personally?
As I recall the question was simply how can one afford to buy a Ferrari or Ferraris. I too posed this question to lots of people when I was younger and just having "RED" dreams!! The formula is really quite simple if you are young enough or young at heart enough to be prepared to make the changes in life to make things happen. 1- Always, always work for yourself 2- Pick something that you are passionate about...that has the potential to make alot of money. 3- Serve others, do the best job you can, be humble, don't gloat about your success and share your love and passion for life with others....and drive your Red Dream....don't park it and pose! Ciao......Dino
I will give my personal expierence as I have some instight from both worlds. First example: my father, probably the smartest person I have ever known. Has started many compnays that made him millions, because he worked for himself, he worked day in and day out. But he was very lucky, I will not say it was all smarts, but he was smart about the choices he made. They were calculated risks that payed off. We also owned tones of land, and developed it at the right time, real estate not a fast return but an ungodly return if you do it right. Unfortunately, he trust one to many people with his money and lost it all. He now makes an o.k. living, nice BMW and Range for his new wife, but he does not have the planes, the cars, the boats or the house anymore. So you have to be careful, always know whats going on with your money from investments, to the amount you spend on gas. If you invest in something through say a stock broker, know more about that investment than they can. It takes a lot of effort and a lot of patience, the only people that got rich quick are those who did it illegal, won the lottery, or went public with their own company. Second Example: From working for someone. I know 12 of the top Fortune 500 companies founders, CEO's, or other executives. The number one thing they say if you are going to work for someone and want to make money, is show them you are willing to work your ass off. Do not be slacker. One of my mentors right now is the former President and CEO of Philip Morris which as we all know owns Marlboro Cigs which Sponsors Ferrari F1. He said, he paided his right hand man (like an assistant) as much as his vice-president because he worked his ass off and was loyal. So if you are going to work for someone you have to work your ass off. If you dont now how to do it on your own, work your ass off, become a necessity for your company and milk it for all its worth. I guess you can really say there are several ways to make money, but you have to figure out how is the best way for you to make it. Personally I am better being the man, behind the man. I won't lie, i could start a company and make money but I would rather work for someone and make them look successful when it is really me who is made successful. Its just my personality and it is what I am good at. my. o2 P.S. if you become a necessity for the company = job security = always have a job even in the toughest of times, so you can do that 200 dollar oil change cliff notes: work hard, work hard, work hard, work hard, marry money or inheirt it
I think it was the French writer Voltaire who said that most men lead lives of quiet desperation. That's probably accurate as those lucky enough to be employed are merely wage slaves, at the beck and call of their masters, and one paycheck away from homelessness. The real world in the USA at any rate, is that most people in the economy want and need the security of a job. A place where they know what is expected of them and where the lines are clearly drawn. They have some some downside risk, with a fair sense of security, but the trade off is that they don't really participate in the upside. The idea that the meek will inherit anything is religious propaganda designed to keep the masses under control. Entrepreneurs on the other hand face huge risks, almost certain ruin and major problems every day. But, and this is the real story, if their venture succeeds, especially in a huge market they make more money than anyone ever really needs, and it's all theirs because they took all the risks! To the bold goes the victory and the spoils. If you want freedom in your life, and that means freedom to do what you want, raise a family, buy a fleet of Ferraris, learn how to cook, then you must be bold.... and lucky! The greatest asset in the world is time and working for someone eats that asset up real fast. And they're not making anymore of it. Each day that passes is one day less on earth for you, so learn how to work smart. Working hard is not enough. otherwise manual laborers would be the wealthiest people on earth.
If you work hard, if you don't care what other doing and see just your self and how you can go forward, you can make many things in your life including the afford of the ferrari. You'll have to make dreams and not sitting around in your life, you can do anything you want it is all theme of priorities and how much you want something and how much you believe in your self......
