How not to drive your M3

wstar · 08-31-2012, 08:02 PM

Quote:

Originally Posted by ImportConvert

Strongly disagree. I'm far from rich, but last year I think my net income was probably +-150% of that of my most successful parent's current income (I have 4 parents, including step-parents).

No offense, I just wouldn't call that "significant". You're still in the same ballpark. Lots of people make a little more for a while (and some don't). But being able to establish yourself at a completely new level of society is a different thing (as in: your dad worked manual labor, but you're a multi-millionaire-for-life living it responsibly and not necessarily required to "work" for a living anymore).

The most common counter-example is the middle-class guy who gets rich on a successful small business or investment idea at a relatively early age, but even among those a high percentage will fall right back to their "natural level" in well under 10 years by pissing it away and making poor financial choices.

When I was 19 I had already overtaken my dad's salary from his long term career by a hefty chunk. 15+ years later, and I still probably out-earn him by a little (he's continued to do well late into his career, and hasn't retired yet). In the big picture though, we're still in the same approximate economic class. We're both comfortably upper-middle, but lack the sort of stable, long-term financial freedom to truly be called upper class.

I've known a lot of people all across the economic scale, but I know very very few that made a large upward jump in their adult lives and vaulted into a new category (and kept it). The average seems to be a lot of people getting "a little" ahead, and a few people backsliding tremendously to balance things out.

Trying to pull this back to thread-relevance though, my point was: Generally when you see someone who's obviously rich upper class, it's a statistical safe assumption they were born that way.

ZKraken22 · 08-31-2012, 08:37 PM

damn that go pro survived that crash! that was funny! didnt even try to turn it was like he was fooled by the road!

asdfsammich · 08-31-2012, 09:18 PM

Quote:

Originally Posted by falconfixer

Secondly, he target fixated. Well known phenomenom that it doesn't matter what you input(his piss poor steering inputs) if you fixate on a taget you will hit it.

True. Watched it a few times and it seems like he's aiming for the rocks.

Tapatalk & such etc

ImportConvert · 08-31-2012, 09:41 PM

Quote:

Originally Posted by wstar

No offense, I just wouldn't call that "significant". You're still in the same ballpark. Lots of people make a little more for a while (and some don't). But being able to establish yourself at a completely new level of society is a different thing (as in: your dad worked manual labor, but you're a multi-millionaire-for-life living it responsibly and not necessarily required to "work" for a living anymore).

The most common counter-example is the middle-class guy who gets rich on a successful small business or investment idea at a relatively early age, but even among those a high percentage will fall right back to their "natural level" in well under 10 years by pissing it away and making poor financial choices.

When I was 19 I had already overtaken my dad's salary from his long term career by a hefty chunk. 15+ years later, and I still probably out-earn him by a little (he's continued to do well late into his career, and hasn't retired yet). In the big picture though, we're still in the same approximate economic class. We're both comfortably upper-middle, but lack the sort of stable, long-term financial freedom to truly be called upper class.

I've known a lot of people all across the economic scale, but I know very very few that made a large upward jump in their adult lives and vaulted into a new category (and kept it). The average seems to be a lot of people getting "a little" ahead, and a few people backsliding tremendously to balance things out.

Trying to pull this back to thread-relevance though, my point was: Generally when you see someone who's obviously rich upper class, it's a statistical safe assumption they were born that way.

I understand, but I don't know many multimillionairs, period. I do have a few friends that qualify, I believe, and do not have to work unless they decide to. One got bored and built a subway, it is very profitable. I think 150% is meaningful. It's the difference in new vehicles and ten year old vehicles. In vacations and not. In having credit card debt and not. Etc. However, yes, I am still in their same bracket. An m3 wouldn't be a problem though, so I assumed that was the reference point.

ImportConvert · 08-31-2012, 09:43 PM

Quote:

Originally Posted by asdfsammich

True. Watched it a few times and it seems like he's aiming for the rocks.

Tapatalk & such etc

+1 one of the first things they taught us at spring mountain. Complete with a similar video.

ImportConvert · 08-31-2012, 09:48 PM

Quote:

Originally Posted by b1adesofcha0s

I think you're both saying the same thing here.

My parents were manual or trade type labor, with the exception of my step father who does it and learned on the job, basically,no college, and had no real grasp of what I was up to in school aside from my degree path. They simply trusted my judgement and supported me. I learned all I know from other sources, they just provided the assistance I needed, much thanks!

ImportConvert · 08-31-2012, 09:50 PM

Quote:

Originally Posted by Cmike2780

How he got the car doesn't really matter. It's the fact that this kid probably thinks he's the Stig after years of training on Gran Turismo. He Drives like a squid and crashed liked one. Definitely unfamiliar with the road. First mistake. Second mistake, don't race....or drive stupid unless it's something you can afford to fix.

Collisions like that in a vette start at $5k plus airbags and underbody.15k in a viper. What is it in an m3?

Cmike2780 · 08-31-2012, 10:22 PM

Quote:

Originally Posted by ImportConvert

Collisions like that in a vette start at $5k plus airbags and underbody.15k in a viper. What is it in an m3?

That thing is totalled. Way more than $5k worth of damage

zguynate · 09-01-2012, 12:21 AM

Quote:

Originally Posted by Cmike2780

That thing is totalled. Way more than $5k worth of damage

Word. Front bumper, radiator support, a/c condenser, radiator, fans, possible engine damage and suspension damage, and then the front air bags.

And Ill go ahead and second wstars comment on jumping social classes. Its very rare that someone goes from "rags to riches". Im not talking about Billy who managed to somehow afford a Lamborghini on a mechanics salary (I personally know some one who has done this lol) but going from living in a trailer park to living in the part of town where no one can afford, then being able to buy nice things on top of that.

With that being said, I know someone who makes 100k a year (thats a pretty big salary for this general area. I make 46k lol) and is always broke. Then I also know someone who makes 50k a year and supports his wife and 5 kids and still lives a somewhat comfortable life. Its all in how you handle your money. I cannot stress that enough, especially to younger people like my self. You would be surprised at what you can afford/save if you put back that money that you use for alcohol, drugs, going out to eat, etc.

ImportConvert · 09-01-2012, 02:55 AM

Quote:

Originally Posted by dragonbreath

Word. Front bumper, radiator support, a/c condenser, radiator, fans, possible engine damage and suspension damage, and then the front air bags.

And Ill go ahead and second wstars comment on jumping social classes. Its very rare that someone goes from "rags to riches". Im not talking about Billy who managed to somehow afford a Lamborghini on a mechanics salary (I personally know some one who has done this lol) but going from living in a trailer park to living in the part of town where no one can afford, then being able to buy nice things on top of that.

With that being said, I know someone who makes 100k a year (thats a pretty big salary for this general area. I make 46k lol) and is always broke. Then I also know someone who makes 50k a year and supports his wife and 5 kids and still lives a somewhat comfortable life. Its all in how you handle your money. I cannot stress that enough, especially to younger people like my self. You would be surprised at what you can afford/save if you put back that money that you use for alcohol, drugs, going out to eat, etc.

Shy by a bit of six figures here, but I agree 100%. I am able to do quite a bit with it with no debt but my auto note. I rarely go out to eat (take my dad out once a week, that's it.) And have not been to see a movie since prometheus (it sucked, I thought.). But I do buy class 3 weapons like candy and just took delivery of 2.5 cases of .223 speer 64gr gold dot, so I have my vices...

b1adesofcha0s · 09-01-2012, 09:26 AM

Quote:

Originally Posted by ImportConvert

My parents were manual or trade type labor, with the exception of my step father who does it and learned on the job, basically,no college, and had no real grasp of what I was up to in school aside from my degree path. They simply trusted my judgement and supported me. I learned all I know from other sources, they just provided the assistance I needed, much thanks!

Exact same way here. I just graduated with an engineering degree and once I find a permanent engineering position, I should be good to make more than what both my parents do now combined

Cmike2780 · 09-01-2012, 09:47 AM

Having a ton of cash is awesome, but you can be just as miserable making $20k a year as your are making $200k a year. My salary has doubled since I first started out of college 6 years ago, but it's the same old stress and problems no matter how much you make. I guess that's why I like cars so much. You can have just as much fun in a $500 beater as you would I a $250k Ferrari.

ImportConvert · 09-01-2012, 09:57 AM

Quote:

Originally Posted by Cmike2780

Having a ton of cash is awesome, but you can be just as miserable making $20k a year as your are making $200k a year. My salary has doubled since I first started out of college 6 years ago, but it's the same old stress and problems no matter how much you make. I guess that's why I like cars so much. You can have just as much fun in a $500 beater as you would I a $250k Ferrari.

I am so much happier now than I was as a child. I can actually afford things like health insurance, new clothing, etc. It's kindof nice not laying awake at night listening to your parents yell at each other about how they are going to afford food and pay bills. I've grown to enjoy the freedom of being a successful middle-class American. How does that stress you out?

wstar · 09-01-2012, 11:43 AM

Mo' Money Mo' Problems

Nismo89 · 09-01-2012, 12:34 PM

Quote:

Originally Posted by MC

there's no other word to put this........

Dumb @$$. total DUMB A$$.

08-31-2012, 08:37 PM	#47 (permalink)
ZKraken22 A True Z Fanatic Join Date: Jun 2011 Location: Houston Posts: 1,115 Drives: 10 Nissan 370Z 7AT Rep Power: 16	damn that go pro survived that crash! that was funny! didnt even try to turn it was like he was fooled by the road! __________________ Litespeed Racing Titanium Cold Air intake// GT Haus Axle// GarageLine combo// Nismo sway bars// Nismo Spoiler // Berk TP's

09-01-2012, 09:47 AM	#57 (permalink)
Cmike2780 A True Z Fanatic Join Date: Jun 2010 Location: Long Island Posts: 5,059 Drives: slowwww Rep Power: 29	Having a ton of cash is awesome, but you can be just as miserable making $20k a year as your are making $200k a year. My salary has doubled since I first started out of college 6 years ago, but it's the same old stress and problems no matter how much you make. I guess that's why I like cars so much. You can have just as much fun in a $500 beater as you would I a $250k Ferrari. __________________ [09][MB][6-Spd MT][Touring][Stillen Gen III][K&N][Borla CBE][Evo-R] [ArchitTEK Photography]

09-01-2012, 11:43 AM	#59 (permalink)
wstar A True Z Fanatic Join Date: Mar 2009 Location: Houston, TX Posts: 4,024 Drives: too slow Rep Power: 3594	Mo' Money Mo' Problems __________________ 7AT Track Car! Journal thread / Car setup details

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