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03-06-2023 | 04:50 PM
#294
Gets Weekends Off
Joined: Apr 2007
Posts: 5,529
Likes: 495
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.
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.
03-06-2023 | 06:31 PM
#295
Line Holder
Joined: Apr 2020
Posts: 300
Likes: 23
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.
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.
03-06-2023 | 07:25 PM
#296
Gets Weekends Off
Joined: Sep 2014
Posts: 5,128
Likes: 91
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.
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.
03-06-2023 | 07:46 PM
#297
Line Holder
Joined: Apr 2020
Posts: 300
Likes: 23
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.
03-06-2023 | 08:36 PM
#298
Gets Weekends Off
Joined: Apr 2007
Posts: 5,529
Likes: 495
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.
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