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

I am sure raising children isn't for everyone especially people with your attitude towards them. Some people are just to self absorbed to be good parents. I disagree that they suck the financial life out of you. All you need to do is be prepared for them when they come. I am sure you prepared yourself for owning your Ferrari before you bought it but some people don't and of course they end up selling it a year later. I use to think I would never want or have kids either by the way. I realize now why I thought that. It was the same reason most people do. It was because I was to selfish and ignorant to realize that having this kind of unconditional affection for another human being would do wonders for my personal development. Children will change your entire perspective, believe me, and the only way to know is to have them. Now it's not like I am saying you are selfish and ignorant, maybe your not, but then again maybe you are and you don't know it.

 

OK!

 

I never said the original post implied anything. I was taking issue with some of the replies. Some of the replies sounded to me as though they were saying that buying a Ferrari should be your motivation. I also never brought up any morality issues. I may have taken some of the replies wrong and if so I appologise. All I was trying to say is don't make owning a Ferrari your primary driving force. When you get everything else right in your life the Ferrari will show up!

 

Thank you!

 

It's not as difficult as you might think. It costs $250,000 to raise a child from birth through college. Most couples have two. Consider the option of a childfree lifestyle. You'll be helping an already overcrowded world and you'll have plenty of cash for a Ferrari. Just food for thought.

 

LOL, this has turned into a "1 kid costs an F40" thread! hahaha. I'm terribly materialist and still too young to worry about it, but I'd take a family over a car (or several) anyday.

Best things I've read in this thread "sign the back of the checks, not the front" and "being employed makes it that much harder".

Aim for self-employement, finding a good idea, and making a company out of it.

 

Some people get there by many different routes. If you can AFFORD to park the cash for a while and spend some money on your car hobby/passion yearly then do it if you want to. This whole business of percentages of net worth and stuff doesn't make a lot of sense to me. It's whatever you're comfortable with, and whether or not it fits in with your priorities.

In the end we all know that Ferraris are just a more expensive substitute for Crack cocaine. So put down the pipes, save a little money, and enjoy a thrilling ride.

 

At the end of the day, they are still just cars. Drive them, enjoy them, have fun with them.

But don't worry about them.

 

I would love a 360 Modena but I just don't see how you guys afford it. What kind of payments are you making? help me out here.

 

Isn't this a question for Jimmy?

 

http://www.loyal-investment.com/

 

Some pay with cash that they earned themselves.

Some pay with cash that their father/mother earned (LSC).

Some pay with cash that their father/mother earned, but took that pile of money and made it an even bigger pile of money.

Some pay with their spouse's cash.

Some buy them with drug money.

Some buy them by selling their bodies in the sex trade.

Some finance them because they have a nice income.

Some buy them with creative tax write-offs.

Some purchase a Fiero with a body kit and call it a Ferrari.

Some put Home Depot vents on a Supra and fake it, even giving it a new model name...BEHOLD! THE LEGHUMPAROSSA!

Some have them but cannot really afford them (more debt than income, AKA BHNCS: Big Hat No Cattle Syndrome).

Some had them but don't anymore, due to various reasons: Divorce, stock market crash coupled with car crash, etc.

on and on!

 

Brilliant post

 

gary green...

 

You have covered them all.
Well put.

 

We are very diversified here. A lot of us sell drugs, rob banks and run brothels.

 

But some of us have passed on the bank robbings...

 

Damnit, did you have to tell him what I do for a living????

 

simple - Work Hard!

 

It's all 'cash' over 'cost', man.....



And a lot of Taco Bell.........LOL!

360s are 'last week'....reset the Fantasy Mode to '430', bra!

 

Work hard, spend less than you earn, invest wisely, then you might have enough to buy one, but it won't be a 360, it'll be the F550 or something like that, because it'll be some 10 20 years from now. However if you want a 360 then, it'll be about as expensive as a 308 is now because it'll be very, very old.

Art

 

Sign the back of the checks, not the front.

(money saved) = (money earned) - (money spent)

Earn a lot more than you spend, or maybe I should say "spend a lot less than you earn" since it's a lot easier to reduce spending than to increase income.

 

Do you really think a 25 year old 360 will sell for $30K? Damn! I'm gonna start saving! Lets see...I'll be 70 years old....Hell, I'l probably be dead! I'll keep my 308!

 

You know I think this is a very telling indicator of how a person views their life and job. I did a poll here a few months ago about whether it is easier to earn money or save money.

I think the results were interesting:

http://ferrarichat.com/forum/showthread.php?t=21046&highlight=save+buck






.

 

Ouch! I'm dated