Quote:
Originally Posted by layback40
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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We had a financial crash and trust me there were no 100k cars to be had for 25K. I know, I looked.
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MBlovr
'59 180 Dad's original
'59 180 Dad's 2nd one
'67 250SE Dad's last one
'59 220 SE My first one
'62 220SE Coupe second one
'89 190E 2.6 5spd third one
'06 E350 4matic (sold)
'10 E350 4matic
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