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Old 04-27-2013, 11:26 AM
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layback40 layback40 is offline
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Join Date: Nov 2009
Location: Victoria Australia - down under!!
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Quote:
Originally Posted by spdrun View Post
If you're pulling in $5MM per year, $100k is beer money.
Best you wait till your pulling in $5MM a year before making judgements like that.
I may only be pulling in about 35% of that, yet I can say $35k isnt beer money for me. What I "pull in" is real money as well. Not just lines on a bean counters spread sheet.
Far too often people have big ideas yet that is all they are ~ ideas or at best dreams.
In reality a dollar is a dollar no matter what you earn.
You dont accumulate assets by keeping a bank manager or financier employed.
If I had auto lease payments to make as well as wages to pay, there would be no beer money.
$800 per month is 9.6% pa on $100k & the car is probably depreciating at 20% pa. Why would you bother? You may as well go & sit on top of a sky scraper & throw $100 bills in the air.
We have an expression over here ~ "20c millionaires" ~ those that try & give the impression they are millionaires yet that dont have 20c to their name.
The time to get your $100k car is just after a financial crash when all the idiots on lease cant make their payments & the repossessions occur. Your $100k car can be bought for $25k.
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1967 230-6 auto parts car. rust bucket.
1980 300D now parts car 800k miles
1984 300D 500k miles
1987 250td 160k miles English import
2001 jeep turbo diesel 130k miles
1998 jeep tdi ~ followed me home. Needs a turbo.
1968 Ford F750 truck. 6-354 diesel conversion.
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