What do you do? How do you afford a Ferrari?

First and foremost keep people first... then strive for success.. the money will come with the success.
I actually never desired to have a ferrari until my son went crazy over them.. I decided to buy
one for us to have fun. I am now a lifetime ferrari enthusiast and will continue to own them.

I think you will find with most folks that have created businesses and are successful that they are very down to earth because they know what it takes to make it happen. I don't meet many fortune 500 executives in the ferrari club or at the events. What I meet are the folks that have created businesses that hav e been very successful and have given them the oppurtunity to enjoy life.

I was fortunate enough to have pursued a career where I get paid to play and have had the oppurtunity to create companies sell them or take them public.

With this said .. don't chase the dollar.. chase the dream.. and NEVER give up!

 

work while others are sleeping

 

Joe,

As an Accounting/Finance major myself, I found over an 18 year career that you don't want to be a Finance guy working for an engineering company, or a sales company. If you're in Finance, work in the BUSINESS of Finance (Investment Banking, trading, research, sales, buy-side research, money management, etc.). You see, the people who can make a difference in an engineering-driven firm (e.g.: a tech firm, an auto manufacturer, telecom, or an oil company, etc) are the engineers -- they drive the value of the firm. Finance is of less value to them. Same goes for a sales firm (P&G, Clorox, etc) or a creative one (media e.g.: Fox, Newscorp, Disney). I worked for an industry-leading firm with an engineering focus for a number of years, and while I loved the industry, I was an historian and record-keeper, or a policeman and budget-pusher. I then went back to get an MBA, then went into a number of years in I-banking. I then found my calling on the "buy-side" doing equity research in the industry I already knew well. Now I work for a company whose business IS finance, and because that is what drives value for the firm and clients, my job is much more satisfying. And as others have pointed out, find that type of job you love and the rewards will come.

 

I thnk most owners are very professional at what they do.
and most the work is service related ...(which means low cost, but big profit)

a minor group of people are in manufacturing, which they are making some unique products with "patented design"....

I think it teaches people that modern life requires true skill and knowledge.
it's not like the old day that people just need to work hard physically.
now, brain power is what makes money....

like me, my family is manufacturer in plastic injection, but we now change some investment into real estate in China.
because for manufacturing, we make money but we must put back most of the profit back to investment in machinery...which the value will depreciated...

but in real estate, the value maintains at a good level, and every we make is cash...in hand.

of course, it only works in the right time, such as now that China economy is growing...

 

off topic here: why would you overpay 40k for a ferarri?

 

Marry well. And no, that doesn't mean marrying a rich wife.

 

Thank you so very much for responding timely to my question. I understand it was a tad bold to ask it! I am very motivated by all the professionals in their respective fields telling me (and other forum members) to work hard in life at whatever you do. This really is getting my psyched for my next college semester! Thanks again.

 

Ummm, most newer Ferrari's cost over 100k some over 200k. I think you should check your facts again. The only sub 40k Ferraris would be high mileage 308s, some 328s, and a high mileage Mondial.

 

You didn't understand his question. Do so before jumping on him. He asked why someone would pay 40k over MSRP, not 40k.

 

Since F-cars are so limited production and the wait list is so long their value goes up imediately after sale. Sure you can buy a 360 for MSRP (after being on the waiting list for 2 or 3 years) but if you want one now your going to have to pay more than MSRP cuz you have to buy from a private owner. If you want your f-car now your going to pay more than MSRP

 

Find something you are interested in and bang the hell out of it. Don’t dabble. DO YOUR HOMEWORK! Understand that there are a lot of people out there that will be competing for the same dollar you are. Find the largest upside path in what you are doing and head in that direction. Most people I know, including myself, got rich by ‘surprise’. I guess the people that ‘make it’ are to busy ‘making it’ to look up. MOST importantly, don’t act like an *******. The only important thing is your net gain. Build your perfect world and invite others to live and work in it, but be the boss not the King. How was that for a rant? All I really need now is a soap box to stand on.

 

Get there early...leave late.

Speak as professionally as you can without being snooty...no slang.

Don't expect anything from anyone: you must work for it.

Don't wait for anything to come your way...go after it.

Be as polite and respectful as you possibly can be...this way no regrets.

You have a backbone not a wishbone...if you want something badly enough and are willing to sacrifice your time and effort to get it then nothing will stand in your way.

Good luck.

 

I am not affraid to tell you that your priorities are completely screwed up. It is obvious that you have no idea what is important in life. Cars, money, jewels, fancy houses, ect do not make one rich. When I think of the feeling I get when I look at my children. I can only hope that everyone will get the chance to know what that is like. My car is just a toy. It can not even come close to giving me what my children do. I have great sympathy for you if you think a car can bring you more joy than parenthood. It sounds to me like you have a lot of growing up to do!

 

Excellent quote........I'll remember this one!!!

 

This thread makes me fear for the young people in this country. What is wrong with you people? What are you teaching your children? Are you telling them that in order to be happy and sucsessful, there goal should be to drive a Ferrari and marry money? If so, I have great sympathy for them as someday they are going to realize how wrong you were. I am amazed by the responses of some of the more experienced members in this group. Flightjock, my advice to you is simple. Quit spending your time chasing foolish materialistic garbage. Spend your time enriching your life. Invest in yourself by learning as much as you can. Invest in others by developing strong relationships with family and friends. Get envolved in the community around you. Find a career that you are passionate about reguardless of how much it pays. If owning and driving a Ferrari comes to you as a colateral event, then fine enjoy it, but don't make that your sole purpose in life. Believe me when I tell you that when all is said and done in your life, all you will be left with will be the people you love and the experiences you have shared. I know this sounds like I am preaching and maybe I am but these cars are just toys. They really don't mean **** when it comes right down to it.

 

do not go into medicine.... too many outside forces that make it impossible to make a good living, esp. considering thelong hours and the stress and many years of training involved...what little money i have now i made in outside investments and businesses....besides , you cant drive a ferrari to the hospital or the office because other mds and patients freak out and assume you are ripping off the system because it is next impossible to afford a ferrari with medical income in the current environment....avoid medicine and you will be a free market system and your hard work will pay off!!!!just my advise to the young members of this web site...

 

ppbbbbbbbbttttttt.

Raising rug-rats is not for everyone, and they absolutely do suck the financial life out of people. Just because you're ok with that doesn't mean it's the One True Way. More than anything else, bringing children into the world should be well-planned and delayed until both parents are financially and emotionally secure.

It's people who don't THINK before breeding the unwanted, undisciplined and unparented offspring that generate the poverty, unhappiness and crime in the world.

 

I echo your sentiments (I enjoy yours as well, Mr. MarkcF355)

 

I don't thing that the replies here are trying to convince people that your success is calculated by how many Ferraris and how much money a person have...

I think the original post is just trying to understand what kind of career to make these things (material things) to be affortable..

so it is nothing to do with morality to begin with.


I think we are all are discussing what kind of jobs are suitable for the modern world.

obviously...to me personally, personal skills are priority.

and learning to not spend money, but to use money to make more money (investment) is important....

read a book called "Rich dad & Poor dad"..
this tells the different of two parts of people on how to live a life.

for example (there was a TV show based on this book)
when you look at a rich person who bought a US$1 million painting...
and most people would think that.....wow...that's crazy....a US$1 million can help so many children in a 3rd world country...
or the guy is showing off....or something

but if you put it in the collector's position.
he does have too much of money
buying a painting is not spending a US$1 million...
but it is bascially same as putting US$1 million into a bank account with interests...

so when he sells it 10years later, it may already worth US$2 million, following the increase of living expense of that country....(usually 3% increase per year)

 

Thats easy for you to say. You actually own a beautiful 348. But some of us don't and those of us dream of owning a Ferrari and not about raising children. The question asked wasn't how to lead a happy and fulfilling life, the question asked was how get enough money to get a Ferrari. Keep away from having children is an honest answer to that question, because it is absolutly without question a way to keep money in your pocket. Money you don't have to spend elsewhere can be spend on the future-Ferrari.

Not everyone everyone seeks and finds happiness and fulfillment in raising children, and from where I am standing, today, driving around in my very own Ferrari looks more interesting than getting out of bed at four in the morning to quiet the little one. Having said that, the probability of my raising children one day is far bigger than me owning a Ferrari one day, and I am fine with that. Perhaps I can have both. Like you!

 

I guess I am not alone either. I need to grow up also. Darn.

But then again, I refer to my GT4 as my son.
I bath him at least twice a month.
Whenever he complains, I have to open up the wallet.
However, when he cries thru his 4 webers, it lightens up the world with a melody of raucous brut gurgling amplified by my cat free smog exempt stebro stainless steel exhaust that is louder than he11.

 

Couldn't have said it better, Chuck.

 

I put the disclaimer that I didn't mean marrying a rich wife.

I put my family first. Everything else is just noise.

 

Figure out what you want, figure out how much you want it, figure out where in the scheme of your life it falls. That should then define your attitude to the object in question.

Use that criteria for all aspects of your life and you'll find yourself not going far wrong. Remember also there is no such thing as wrong priorities according to anybody who is not you. You define your priorities not others. If you decide owning a Ferrari is more important than marrying the girl you are dating, then you do not have your priorities wrong, you have them right according to you.

Be true to yourself and chose your level of compromise.

One last thing, whatever you place at the top of your list make sure it is the thing that keeps you awake at night demanding you think about it and need it like a drug in your system, be it a house, car, wife, gf, etc. Then attack life with means at your dispsal till you achieve that number one.

 

If the shoe fits as they say!