What is the general percentage of income | FerrariChat

What is the general percentage of income

Discussion in 'Other Off Topic Forum' started by Mr fucarwe, Nov 4, 2008.

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  1. Mr fucarwe

    Mr fucarwe Karting

    Aug 15, 2007
    145
    western kentucky
    that one should make to buy a 100k car.

    200k per year

    1,000,000 per year how much

    things have changed and people live way beyond there means, use to be if you made 50k per year you lived in a 50-75k home ,hell now it's like 150k -200k home. that means i need a home worth 1-2 mill, hell they don't build them where i am and land is still 1500-3000 per acre here.
     
  2. 2NA

    2NA F1 World Champ
    Consultant Owner Professional Ferrari Technician

    Dec 29, 2006
    18,221
    Twin Cities
    Full Name:
    Tim Keseluk
    Suze Orman
     
  3. Pantera

    Pantera F1 Rookie

    Nov 6, 2004
    4,479
    You need the "Philopers Legacy" to afford a lamborghini. :D
     
  4. Supercar Ace

    Supercar Ace Formula 3

    Aug 23, 2005
    1,812
    Sunny So Cal - LA
    General rule my friend once told me (he was a Ferrari guy): "When you can afford to by an Enzo, get a F430. When you can afford 4 Enzos buy one." Seems to have worked out for him. I can't speak for others though.
     
  5. Mr fucarwe

    Mr fucarwe Karting

    Aug 15, 2007
    145
    western kentucky
    so spend 1/4 of what you make on a car? your say you need 400k per year to buy a 100k car?
     
  6. Mr fucarwe

    Mr fucarwe Karting

    Aug 15, 2007
    145
    western kentucky
    what, your saying howdy dudey has wooden ball's?
     
  7. Mr fucarwe

    Mr fucarwe Karting

    Aug 15, 2007
    145
    western kentucky
    so if i hook up with suze orman she will just buy me the damn car?
     
  8. roytoy2003

    roytoy2003 F1 Veteran

    Jul 30, 2004
    9,591
    Full Name:
    Roy L. Cats
    My rule...cars, casinos, girls...everything...

    "Walk in with what you can afford to lose and still walk out with a smile and enjoyed it!!"

    Roy Cats
     
  9. Mr fucarwe

    Mr fucarwe Karting

    Aug 15, 2007
    145
    western kentucky
    hell that sounds like a hoot, what's the charge for admission ?
     
  10. Shamile

    Shamile F1 Veteran

    Dec 31, 2002
    6,712
    Lakeland FL
    Full Name:
    Shamile
    #10 Shamile, Nov 4, 2008
    Last edited: Nov 4, 2008


    Oh Oh....I am such a big fan! I've been watching her show on CNBC for years. I never watch financial shows but with hers, I learn something new everyday. Also, her show has always had a big influence on me in keeping me grounded. I've always lived by the phrase...."just because you can....doesn't mean you should"


    BTW,

    I also live by....."you only live once" ......which leads to the phrase....."when the doors go up....the panties go down" :D


    Shamile

    Freeze...Miami Vice !
     
  11. Mr fucarwe

    Mr fucarwe Karting

    Aug 15, 2007
    145
    western kentucky
    Very true so i should blow the damn whistle and buy the damn thing,,thanks shamile sonny crocket love it..
     
  12. Cajun

    Cajun Formula 3

    Mar 20, 2004
    1,618
    Da BY-U
    Full Name:
    MJG
    LOL!!!

    I needed that!!!!
     
  13. Mang

    Mang F1 Veteran

    Jul 11, 2007
    5,976
    ta HO
    Full Name:
    Mike S.
    #13 Mang, Nov 4, 2008
    Last edited: Nov 4, 2008
    lol, sounds like life around here, been taken by all three (cars, casino's, girls...) at one point or another :) .....still smilin'

    p.s..Mr. Fucarwe...just acquire the car and don't think about it, then think about and work on how you can afford to keep it! :)
     
  14. 360Pete

    360Pete Karting

    Mar 16, 2005
    140
    Full Name:
    Peter
    #14 360Pete, Nov 4, 2008
    Last edited: Nov 4, 2008
    It's not really how much money you make, but rather, how sick you are in your head! No one needs a $100K car, and surely no one needs a Lambo! But, if you are sick enough in your mind that you need one, you will make it happen even if you make less than $100K a year! I have one, so I know.
     
  15. 12097

    12097 Formula Junior

    Apr 4, 2007
    685
    Regina, Canada
    I worked six to seven days a week for 20+ years. In other words work was my life.

    My blood pressure was 180 over 120.

    One day my cousin looked at me and and said D. you need to start learning to relax, because I bury guys your age.
    (He runs a funeral home).

    I took his advice to heart , saw a physician, forced myself to take at least one day off per week and ultimately wound up with my Countach.

    It is one of the best investments that I have ever made.

    I have met a great group of friends as a result of ownership and have even had a (minor) hand in the conversion of a few of these fine people to the dark side.

    I now look forward to our Sunday cruises. I am able to meet up with people who have similar philosophies, in terms of working hard, and together we are learning to enjoy life a little bit more.

    My advice to you is that when you are READY (and for everbody this may mean something different) you will know it.

    Good luck.
     
  16. jm348

    jm348 F1 Rookie
    Owner Silver Subscribed

    Mar 21, 2007
    3,017
    Redondo Beach, CA
    Full Name:
    Jeff M
    good rule!!.....try this one also:

    If it flies, floats or [email protected]e it!! :D
     
  17. Darolls

    Darolls F1 Veteran
    BANNED

    Jul 2, 2003
    7,782
    Full Name:
    Sparky
    This thread deserves the honour of being deleted!
     
  18. ADON

    ADON Formula 3

    Feb 8, 2007
    1,059
    You don't need any income. You just need 9 credit cards. :)
     
  19. wetpet

    wetpet F1 World Champ
    BANNED

    May 3, 2006
    10,210
    it's not what you make, it's what your worth.
     
  20. SRT Mike

    SRT Mike Two Time F1 World Champ

    Oct 31, 2003
    23,343
    Taxachusetts
    Full Name:
    Raymond Luxury Yacht
    Wow, your e-penis is HUGE!
     
  21. AntonyR

    AntonyR F1 Veteran

    Apr 12, 2004
    5,426
    Los Angeles
    Full Name:
    Antony
    you dont need to make a lot of money. Hell making 60k a year can do it. Just finance the car with 0 down. Sell it after 3 months, make no payments and then make an offer to the credit people to pay it off in full to remove it form your credit report.

    Thats the real way right?

    Antony
     
  22. UroTrash

    UroTrash Four Time F1 World Champ
    Consultant Owner

    Jan 20, 2004
    40,483
    Purgatory
    Full Name:
    Clifford Gunboat
    and swingin'.
     
  23. Stephanie

    Stephanie F1 World Champ
    Silver Subscribed

    Feb 23, 2006
    14,960
    The Beach, FL
    Full Name:
    Stephanie
    Condescending know-it-all.

    She's so rude; and I bet that the poor people that call in for advice end up in therapy.
     
  24. 355dreamer

    355dreamer F1 World Champ
    Owner

    Apr 3, 2006
    10,476
    DC Metro
    Full Name:
    L.C.
    I would say you can afford any Ferrari that you can pay for in one bonus check, after taxes.
     
  25. mchas

    mchas F1 Veteran
    Silver Subscribed

    Oct 5, 2004
    6,107
    Los Angeles
    Full Name:
    Mark
    There are plenty of people that own them that don't get bonus checks.

    The truth is, there is no magic formula. It depends on many things - how much debt you have, what your comfort level is, if you are married/single/have kids, where you live (cost of living), etc etc etc. If the numbers make sense and you fell comfortable spending that much on a toy, go for it. There are a lot of threads here about this topic.
     

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