...I’m a top 3%-er in terms of annual income.
Welcome to SVTP. Let us know when yer a 1%-er.
...I’m a top 3%-er in terms of annual income.
I'm a bottom 1%er. I have to look up to see poverty. Does that count? LolWelcome to SVTP. Let us know when yer a 1%-er.
I’m a real estate broker, real estate investor, and I also co-own a Laundry business in NYC for passive income.
Welcome to SVTP. Let us know when yer a 1%-er.
Glad to see other people have thought of it too. I'm a car guy 100%, I live for it. I have no problem putting lots of money in my car just wanted to see how many others have thought the same thingI got to thinking today... I payed 20k for my cobra, down the road these next year's if I do everything I want to it I'll have 30-40k in it easily but it isn't worth that much even tho it's all there. Am I the only one that thinks like this? I don't plan on ever selling the cobra but it just kinda eats at me to know I'm going to be 40k deep and it will still only be worth 20k
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There's no logic in life, you are gonna die. Have fun within reason and live.There is no logic, when you are fulfilling a passion. If you can afford to drop that kind of coin into a car, have at it. If you are questioning the why and what for, you probably should reevaluate your goals, going forward.
Oh yeah...I am one of those too! There is no way at all to justify modding and even most “muscle cars” as an investment for return. I am decently frugal on all other things in my life. But cars have always been my vise and passion. I love an overpowered nice car. Always have/ always will. Dont get me wrong, my kids will never go hungry for me to have a hot rod, but I love driving and working on them so much. No other “hobby” even compares! Now the guy who puts $200,000. in a drag car while his kids and wife live in squalor may need some redirect. But Im happy to put most of my time and money in cars.I got to thinking today... I payed 20k for my cobra, down the road these next year's if I do everything I want to it I'll have 30-40k in it easily but it isn't worth that much even tho it's all there. Am I the only one that thinks like this? I don't plan on ever selling the cobra but it just kinda eats at me to know I'm going to be 40k deep and it will still only be worth 20k
Sent from my SM-G955U using the svtperformance.com mobile app
I’m a real estate broker, real estate investor, and I also co-own a Laundry business in NYC for passive income. I earn a pretty healthy living and work my tookus off. I won’t say the exact number, but according to a Wall Street journal ranking system I just used via a quick google search, I’m a top 3%-er in terms of annual income.
All of my savings has gone towards my real estate portfolio, growing and expanding that, as well as the laundry company with my partner since both of those are passive income generating investments.
Let’s just say...there’s a reason I own an 8 year old $30k GT500 and not a brand spanking new Z06 or GT350R. Could I afford a $1,200+ a month car payment?? Yeah. But that’s absolutely stupid.
I view my car money as money I could literally light on fire and not care about. It’s all for fun and feeding a hobby.
I don’t throw a lot of money at my car hobby because I’m a penny pincher with my businesses. I grew up quite poor, so I’m doing all I can now in my late 20’s to set myself up for success and freedom later in life.
If the money you spend on your car stresses you out, you need a cheaper car. Not saying that to be a jerk, but cars are depreciating assets. Again, I view my car money as money I could light on fire and not care about. The Shelby costs me about $900 a month between my loan payment, Garage parking, and insurance. That’s money I see as non essential fun spending. It doesn’t stress me out, I barely think about it. That’s genuinely how you should approach this hobby, or just learn to sleep at night knowing - you ain’t getting ANYTHING back that you put into it other than smiles per gallon and life long friends in the Mustang community.....
Can't take it with you.