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SO are you guys going for a 911 GT3 or a brand new redesign of the Maserati GranTurismo?
Are you more for the performance of a 911 or the styling of the Maserati? I would be pretty torn. |
529s for my 1 and 3 year old…(sad emoji)
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Originally Posted by Extenda
(Post 3603125)
529s for my 1 and 3 year old…(sad emoji)
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Originally Posted by DeltaboundRedux
(Post 3603115)
What can I say?
There's some airline pilots who like rental properties to generate long term wealth [we call these "the smartest"]. Some who like GA aircraft. Some travel. Some pour it into second (or third, or fourth) wives. Fancy pools, insane woodworking sheds of astronomical cost to build the penultimate spice rack at the cost of losing a finger, then those who grow their own hops to brew their own beer and keg it for use in a custom nitrogen dispensary system, or boats valued in the six figure range to entertain the youths. Miatas. Then there's the real weirdos: rare book collectors. To each their own. Takes all kinds. |
Originally Posted by DeltaboundRedux
(Post 3603115)
What can I say?
There's some airline pilots who like rental properties to generate long term wealth [we call these "the smartest"]. Some who like GA aircraft. Some travel. Some pour it into second (or third, or fourth) wives. Fancy pools, insane woodworking sheds of astronomical cost to build the penultimate spice rack at the cost of losing a finger, then those who grow their own hops to brew their own beer and keg it for use in a custom nitrogen dispensary system, or boats valued in the six figure range to entertain the youths. Miatas. Then there's the real weirdos: rare book collectors. To each their own. Takes all kinds. Their second to last spice rack? Haha. Not aimed at this particular post, but to the thread…There’s nothing wrong with toys if you do it right. I’ve owned planes, Ferraris and boats, all before I was 40. I’ve broken even or made money on all of them. If you want to have cool stuff, do it smartly and it’s no big deal. Also, commercial real estate is a good side hustle. Doesn’t pay for my toys but will help me retire by 55. |
Originally Posted by Forgotmyhat
(Post 3603200)
Their second to last spice rack? Haha.
Not aimed at this particular post, but to the thread…There’s nothing wrong with toys if you do it right. I’ve owned planes, Ferraris and boats, all before I was 40. I’ve broken even or made money on all of them. If you want to have cool stuff, do it smartly and it’s no big deal. Also, commercial real estate is a good side hustle. Doesn’t pay for my toys but will help me retire by 55. |
Originally Posted by TED74
(Post 3603227)
I’m intrigued. How can I make money or break even owning a Ferrari, and if I put you in touch with my family can you convince them this is a good plan???
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Originally Posted by Forgotmyhat
(Post 3603233)
When you buy, be patient and find the right car. When you sell, be patient and find the right buyer. Don’t be afraid of the big numbers, it’s all relative. Shop around for low interest financing. Cash flow beats paying cash for an exotic. Ferraris aren’t magical. Their engines go up and down, same as a Honda. No need to take it to the dealership. Even better, learn how to maintain it yourself. It’s not cosmic and there is no magic Ferrari dust in it. Yes, oil changes cost more than a normal car, but not crazy. Slightly more than say a BMW. As I said, do it smartly and it’s not a big deal. I really am surprised that more people don’t give one a try.
+1 on the commercial real estate. Every pilot here could afford a Dollar General by year 5 and have an $8,000 monthly "pension" adjusted for inflation at retirement. |
Damn, Ferraris? I thought I was splurging with a refurbed macbook, some wedges, and a new putter.
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Dollar generals don’t franchise, I already checked. Neither do waffle houses anymore. Good idea though.
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