The biggest investment a rich man or a poor man will make in his life is his house. If your looked at the prices of houses for the past fifty years you will see some dips in the graph but the graph always goes up. How many houses in the past fifteen years have more than tripled in price. I can answer all of them in the NY/NJ area.
How someone spends their money is their buisness. I just have to say that I have seen to many guys come into money and the first thing they buy is an expensive car. More power to them if that's what they want. One thing to think of is that $50K dream car will be worth $25K in 3 to 4 years. Those who choose to rent a car with a lease will really get burned. If they rent a new 50K car every three years the lease will add up to mega bucks. I know a guy that added up the money he spent on leasing cars for the last 15 years and he could kick himself. If he would have bought two new cars in a 15 year period instead of renting 5 new cars in 15 years he would have saved a ton of money. What ever makes someone happy though.
I'm not commenting on any specific pro but their careers are short lived. They might make good endorsement deals for 5 to 10 years if they are lucky but then the money dries up.
Oh, I know what you mean, my wife and I FINALLY made over 6 figures (combined ) the past few years. Thus we are secure but light years from being rich or wealthy. She made me see the value of buying a place and the tax savings alone from mortgage interest are worth it alone ( for those that don't know, you can deduct the $$$ you pay in interst on your mortage on your taxes each year
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I see a few bodybuilders make some decent bucks , but considering all they have to spend to support that lifestyle, I doubt few save any really substatial nest eggs to retire on , but who knows?
The wanna be and low tier pros on the pose for pay web sites, seem to get some fast bucks, but they also seem to piss it away or get money on a hit or miss basis with no real secure incomes or financial plans, etc
My wife and I splurged and got an RX-8 this past year, and we love it. BUT, it is no big $$$ classic car , with all the whistles and bells I got a good deal at a tad under 30K. I know that when I was young and seriously into bodybuilding, I never seemed to have a pot to pee in at the end of the day...go figure.Our big deal now is cruises we love it. So far Royal Carribean is the best,we are going again over spring break , next week, can't wait. It is due to cruiselines that I no longer care about winning anything other than Mr Podunk hehe. Seriously, I can't see spending a decent chunk of change just to put on a show for somebody else, when I can live like a king on the high seas on a luxery liner for a week , know what I mean
The point is I am just a humble physics teacher and avg Joe Blow bodybuilder with an avg house and loving wife (NO kids however and no plans for any thank you very much
If we didn't make our own excitement I would be even more of a rambling troll -drone than I am now ( OMG my poor students have to listen to me in class...pray for them
For all you younger guys that think a regular job with bennefits and avg house is "BS" or dull, I have been in your mindset and understand, trust me, I do
Build your career , education and credit up and ENJOY bodybuilding on your terms, be it "go for the pros", " Mr Podunk" or just train to get massive or cut looking, etc. Just my 2 cents and if a bum like me can do it, trust me ANYONE can.
Howard
