Author Topic: How much money should you be making annually...  (Read 9816 times)

UMPlabs

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How much money should you be making annually...
« on: July 08, 2012, 11:03:53 PM »
in order to own an exotic supercar. Something like a lamborghini or ferrari.

Is it feasible to save up for one or will the cost of maintainence be too much to handle with a small salary?

 ???

polychronopolous

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Re: How much money should you be making annually...
« Reply #1 on: July 08, 2012, 11:12:56 PM »
Sounds like noob here just got promoted from fry guy to assistant manager at the local Burger King.  8)

Trapper_Slapper

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Re: How much money should you be making annually...
« Reply #2 on: July 08, 2012, 11:18:58 PM »
I'm nowhere even close to being able to afford one, but I do know of some military officers who make between $13K and $15K monthly after taxes who absolutely will not buy a car over $35,000. Their wives may drive a loaded '12 Passat, and they usually drive something along the lines of a mid to early nineties Honda Accord...or in one case a sputtering '87 Toyota pick-up. :-X
It's usually the enlisted twenty and early thirty somethings financing $40,000+ cars and trucks, living paycheck to paycheck. And when something pops up after that warranty expires they're fucked...Best way to guage a car in my opinion is the transmission. If it has catastrophic failure for some reason, could you pay to replace it fully? If not, you may be in over your head vehicle wise...

G_Thang

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Re: How much money should you be making annually...
« Reply #3 on: July 08, 2012, 11:19:21 PM »
Shawn Ray leased a Lambo from a friend's dealership, was earning about 130-150K yearly, which he noted.  I hope this helps.

Purple Aki

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Re: How much money should you be making annually...
« Reply #4 on: July 08, 2012, 11:28:16 PM »
I'm nowhere even close to being able to afford one, but I do know of some military officers who make between $13K and $15K monthly after taxes who absolutely will not buy a car over $35,000. Their wives may drive a loaded '12 Passat, and they usually drive something along the lines of a mid to early nineties Honda Accord...or in one case a sputtering '87 Toyota pick-up. :-X
It's usually the enlisted twenty and early thirty somethings financing $40,000+ cars and trucks, living paycheck to paycheck. And when something pops up after that warranty expires they're fucked...Best way to guage a car in my opinion is the transmission. If it has catastrophic failure for some reason, could you pay to replace it fully? If not, you may be in over your head vehicle wise...
Yep, after a tour of Afghan the car park outside of the junior ranks accommodation is full of shiny BMWs and Audis.

6 months later it's full of focuses and the usual hatchbacks.


pluck

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Re: How much money should you be making annually...
« Reply #5 on: July 09, 2012, 03:08:50 AM »
in order to own an exotic supercar. Something like a lamborghini or ferrari.

Is it feasible to save up for one or will the cost of maintainence be too much to handle with a small salary?

 ???

Basically you're looking at a $1 per mile JUST in maintenance cost for a Ferrari or Lambo.
That's NOT including the cost of insurance & gas.

A properly maintained Lambo/Ferrari with 20,000 miles on it should have around $20,000 worth of service records.

The clutch on a Gallardo is in the $15,000 ball park.

I think the rule of thumb to ask yourself if you're not sure if you can afford one, then you defintely can't.


Andy Griffin

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Re: How much money should you be making annually...
« Reply #6 on: July 09, 2012, 03:53:40 AM »
in order to own an exotic supercar. Something like a lamborghini or ferrari.

Is it feasible to save up for one or will the cost of maintainence be too much to handle with a small salary?

 ???

If you have to ask, you can't afford it.

~

MORTALCOIL

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Re: How much money should you be making annually...
« Reply #7 on: July 09, 2012, 03:57:57 AM »
150 000€ car= over 300 000€/year income.

Irongrip400

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Re: How much money should you be making annually...
« Reply #8 on: July 09, 2012, 04:02:00 AM »
If you have to ask, you can't afford it.



Ahh yes, much like a ZJ. But this is true. I saw a jacket at a store in Florence and it didn't have the price tag. I figured if I had to ask, I couldn't buy it. So I asked. It was $2,500 euro, and would've hurt to much to buy it, so I'll stick with what I got.

_bruce_

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Re: How much money should you be making annually...
« Reply #9 on: July 09, 2012, 04:39:46 AM »
I'm nowhere even close to being able to afford one, but I do know of some military officers who make between $13K and $15K monthly after taxes who absolutely will not buy a car over $35,000. Their wives may drive a loaded '12 Passat, and they usually drive something along the lines of a mid to early nineties Honda Accord...or in one case a sputtering '87 Toyota pick-up. :-X
It's usually the enlisted twenty and early thirty somethings financing $40,000+ cars and trucks, living paycheck to paycheck. And when something pops up after that warranty expires they're fucked...Best way to guage a car in my opinion is the transmission. If it has catastrophic failure for some reason, could you pay to replace it fully? If not, you may be in over your head vehicle wise...

Generation nothingness.





.

Shockwave

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Re: How much money should you be making annually...
« Reply #10 on: July 09, 2012, 04:45:23 AM »
I'm nowhere even close to being able to afford one, but I do know of some military officers who make between $13K and $15K monthly after taxes who absolutely will not buy a car over $35,000. Their wives may drive a loaded '12 Passat, and they usually drive something along the lines of a mid to early nineties Honda Accord...or in one case a sputtering '87 Toyota pick-up. :-X
It's usually the enlisted twenty and early thirty somethings financing $40,000+ cars and trucks, living paycheck to paycheck. And when something pops up after that warranty expires they're fucked...Best way to guage a car in my opinion is the transmission. If it has catastrophic failure for some reason, could you pay to replace it fully? If not, you may be in over your head vehicle wise...
LULZ, truth.

Stark

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Re: How much money should you be making annually...
« Reply #11 on: July 09, 2012, 05:25:35 AM »
I am close to 61K $ atm, its not massive here but it certainly is enough to support my family and more.

manuelsonn

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Re: How much money should you be making annually...
« Reply #12 on: July 09, 2012, 05:48:53 AM »
I am close to 61K $ atm, its not massive here but it certainly is enough to support my family and more.
you're closer to ted bundy than u think

Tito24

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Re: How much money should you be making annually...
« Reply #13 on: July 09, 2012, 05:50:38 AM »
close to death

MORTALCOIL

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Re: How much money should you be making annually...
« Reply #14 on: July 09, 2012, 05:54:56 AM »
I am close to 61K $ atm, its not massive here but it certainly is enough to support my family and more.

In certain places, 60K a year will grant you a better situation than making 150K elsewhere. Good thing is, those places are so empty of any temptations that you also have the prospect of keeping your lifestyle intact for decades before something as flabbergasting as an Ipad hits the only store in town.

Tito24

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Re: How much money should you be making annually...
« Reply #15 on: July 09, 2012, 05:58:03 AM »
i invested all my money

johnny_english

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Re: How much money should you be making annually...
« Reply #16 on: July 09, 2012, 06:07:41 AM »
My buddie just had his R8 serviced at Audi. General service with parts and labour £6000 which is $9294 to you fellas. Hope this helps

Cleanest Natural

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Re: How much money should you be making annually...
« Reply #17 on: July 09, 2012, 06:26:11 AM »
I am close to 61K $ atm, its not massive here but it certainly is enough to support my family and more.
:D

Cleanest Natural

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Re: How much money should you be making annually...
« Reply #18 on: July 09, 2012, 06:28:24 AM »
i invested all my money
is that what you call buying 300$ worth of "gold" lol

Palpatine Q

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Re: How much money should you be making annually...
« Reply #19 on: July 09, 2012, 06:38:46 AM »
is that what you call buying 300$ worth of "gold" lol

says the pauper who ran out of minutes making a phone call...LOL

manuelsonn

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Re: How much money should you be making annually...
« Reply #20 on: July 09, 2012, 06:46:56 AM »
yup, and just when i thought it couldn't get worse than that it appeared: the walking braindead grandpa pharmacy; hello, gronk, all ok? GFY

Stark

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Re: How much money should you be making annually...
« Reply #21 on: July 09, 2012, 07:30:32 AM »
In certain places, 60K a year will grant you a better situation than making 150K elsewhere. Good thing is, those places are so empty of any temptations that you also have the prospect of keeping your lifestyle intact for decades before something as flabbergasting as an Ipad hits the only store in town.

At some stage in my life I made double of that and more at some stage, it went as far as that I wouldn't wear a white office shirt more than once - but, it wasn't healthy I couldn't appreciate anything anymore I kept trying to make more money and after a few years burned out.
I appreciate things so much more these days - I mean I just bought a new monitor 24 inch which kids today buy in bulk of two :D and I am looking forward installing and playing with it.

I have a large chunk of investment for rougher times but to be honest I am pretty un-materialistic and so is my wife - we don't need the latest and greatest, our son gets no presents beside birthday and xmess because we want him to apprechiate what he has, we have a few expensive things but that's it.

I don't loose sleep loosing my money since that has happened before to me and I called it a liberation - if the economy eats all my savings fuck it as long as I have my family nothing can happen to me.

One more thing: I don't know what it must be like for the poor fuckers that have no job at all and have to count every penny, we (very fortunate people) count our pennies for fun, my wife and me we love to work out a budge buy for budget keep a tight track on what comes in and goes out - you learn so easy that you only THINK you need something, but in fact you need to learn that there is a HUGE difference between need and want, and most of the times we don't need anything because we got everything.

El Diablo Blanco

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Re: How much money should you be making annually...
« Reply #22 on: July 09, 2012, 07:33:12 AM »
All depends if you have kids, have a mortgage etc...  if you are single rent an apt for $1000 a month, say you spend $500 a month on food, then that's $18k, you could make about $100k which would be about $60k after taxes.  A lower end ferrari would probably cost you about $2000 a month to finance so let's say $30k for the car, that still leaves you about $12k for everything else.

If you have a mortgage and kids, then you'd probably need to make about $300k per year.

MORTALCOIL

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Re: How much money should you be making annually...
« Reply #23 on: July 09, 2012, 07:34:46 AM »
At some stage in my life I made double of that and more at some stage, it went as far as that I wouldn't wear a white office shirt more than once - but, it wasn't healthy I couldn't appreciate anything anymore I kept trying to make more money and after a few years burned out.
I appreciate things so much more these days - I mean I just bought a new monitor 24 inch which kids today buy in bulk of two :D and I am looking forward installing and playing with it.

I have a large chunk of investment for rougher times but to be honest I am pretty un-materialistic and so is my wife - we don't need the latest and greatest, our son gets no presents beside birthday and xmess because we want him to apprechiate what he has, we have a few expensive things but that's it.

I don't loose sleep loosing my money since that has happened before to me and I called it a liberation - if the economy eats all my savings fuck it as long as I have my family nothing can happen to me.


Good for you.

King Shizzo

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Re: How much money should you be making annually...
« Reply #24 on: July 09, 2012, 07:36:32 AM »
At some stage in my life I made double of that and more at some stage, it went as far as that I wouldn't wear a white office shirt more than once - but, it wasn't healthy I couldn't appreciate anything anymore I kept trying to make more money and after a few years burned out.
I appreciate things so much more these days - I mean I just bought a new monitor 24 inch which kids today buy in bulk of two :D and I am looking forward installing and playing with it.

I have a large chunk of investment for rougher times but to be honest I am pretty un-materialistic and so is my wife - we don't need the latest and greatest, our son gets no presents beside birthday and xmess because we want him to apprechiate what he has, we have a few expensive things but that's it.

I don't loose sleep loosing my money since that has happened before to me and I called it a liberation - if the economy eats all my savings fuck it as long as I have my family nothing can happen to me.

One more thing: I don't know what it must be like for the poor fuckers that have no job at all and have to count every penny, we (very fortunate people) count our pennies for fun, my wife and me we love to work out a budge buy for budget keep a tight track on what comes in and goes out - you learn so easy that you only THINK you need something, but in fact you need to learn that there is a HUGE difference between need and want, and most of the times we don't need anything because we got everything.

Sure you did Gordon Gecko  ::)