View Poll Results: Responsible Individual Net Worth to own a $100-$150K Car?

$400K

13.87%

$500K

5.78%

$700K

6.36%

$900K

1.16%

$1M +

126

72.83%

Voters: 173. You may not vote on this poll

Responsible Net Worth for Owning a $100K-$150K Car?

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03-05-2013, 04:00 AM

#181

DC640

Three Wheelin'

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Quote:

Originally Posted by 996FLT6

Investing is like poker "know when to hold'em or fold'em". I just keep my principal ie my family my house and my car- everything else is a bonus. Mike

Sorry to go off topic for one sec.. but I cant stop starring at your avatar...

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03-05-2013, 04:06 AM

#182

aussie jimmy

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mike will have to respond as we went into a new page now...

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03-05-2013, 04:30 AM

#183

996FLT6

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^latest issue of SI. She does a great "cat daddy" dance on YouTube. She is one beautiful girl. Mike. Sorry for the OT. Mike

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03-05-2013, 04:36 AM

#184

aussie jimmy

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what o/t?
she has assets making her high yield returns.
she could buy a gt3 anytime now.

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03-05-2013, 10:00 AM

#185

C.J. Ichiban

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my best investment so far has been a car dealership. I'd love to buy 10 more but they get into the 8 figure range pretty quickly so I'll have to be patient.

getting rental properties to debt-service is an art form in itself- lots of people forget about the HOA/Tax issues and end up paying every month for some other schlub to rent their place...too many condos in most areas.

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03-05-2013, 04:50 PM

#186

frayed

Race Car

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Quote:

Originally Posted by Veloce Raptor

I am not sure that I understand the question. IMO if you cannot afford to purchase the car for cash (doesn't mean you have to...but you could) without imperiling your family or their future, or notably diminishing their lifestyle, then you don't have enough.

Totally agreed Dave. I may finance though b/c I need the cash for a big downpayment on a new office building construction where I'll locate my practice.

Quote:

Originally Posted by Spiffyjiff

i'm just always curious about the ratio of those who "made" it to those who "inherited" it.

Made it. Grew up lower middle class with hard times punctuated by blocks of government cheese in the fridge.

Quote:

Originally Posted by 85Gold

I did the boat/offshore fishing thingy for 25 years while family was growing up. If you think cars are expensive you haven't been into fishing. I spent more $$$ on my 35' Cabo than I have spent on all my cars and that didn't include the other 6 boats I have owned.

LOL! I jumped from cars to offshore fishing a few years back. I sold my then brand new 997 GT3 so I could comfortably buy a beachhouse and boat comfortably; something the whole family could enjoy.

I remember those on this board who said I was crazy. But a few said you can always buy one again. Today is that day. Beach house paid off last week, I'm now getting back into a GT3. Aaaaaaaaiiiiiieeeeeeee!

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