|
08-21-2024, 01:02 PM | #45 |
First Lieutenant
1194
Rep 362
Posts |
I stayed at home for a few years after high school earning enough for college. I lived at college for the next three years (15 hours of community college and CLEP out of 18 college hours), then bought my first house two years after that, mostly stayed with my girlfriend for the two years after college.
Then I drove economic/reliable vehicles for 15 years. Then around 2000 performance cars started getting much better and I started buying them again. I have no regrets over the time I spent living a bit frugally, while acquiring assets that were used to pay down my mortgage and build college funds and invest in the markets. Now I can buy anything I want. I still chose a used M550, even though I could afford outright a new M5 CS, easily. Paying twice as much would not have given me double the pleasure. But, it might've doubled my anxiety over driving it. lol I agree that balance is the key. I have discussed this with my son who at 30 has a combined family income of about $250K, owns a home outright and still plays it extremely safe. They have one 8 year old Civic EX between them. Yeah, life is good. Meanwhile, I am faced with the realization that my income (due to investments) at this point, so far exceeds my needs that I may need to find something I am passionate about buying or spending money on. So, there is that. Imagine the folks who leave billions to "causes", like Buffett.
__________________
Carbon Black - Debadged|Mocha Nappa|DHP|DAP|Executive|Luxury Seating|M668 w/ DSW06+
Last edited by DrVenture; 08-21-2024 at 01:10 PM.. |
08-21-2024, 01:24 PM | #46 | |
Major General
2923
Rep 5,084
Posts |
Quote:
|
|
Appreciate
0
|
08-21-2024, 01:29 PM | #47 | |
The Seeker
15205
Rep 3,783
Posts |
Quote:
"Wisely invested" is more difficult than you make it out to be. And there is no guarantee that anyone will live 30 more years, or that they'd enjoy a Lambo more then than they would a BMW now. Sounds like you're speaking about yourself, not about the average guy. |
|
Appreciate
1
ASAP10796.50 |
08-21-2024, 01:52 PM | #49 |
Private First Class
125
Rep 146
Posts |
At the end of the day it's not about your wealth, reputation, jobs, titles, the cars you owned or driven, it's about how you lived your life. Security isn't found in wealth and the material things of this world. The most important thing is being a good person, being thankful to God for all the blessings and how you treat people along the way. All this is passing. I have owned 8 BMW's (with number 9 stuck in a stop sale)and 5 Porsches, I don't say this out of pride, but with clear understanding I was never satisfied, always wanted the latest and greatest next car that I coveted.
Do the best you can and don't live in the past lingering with guilt. Forgive yourself, learn from your mistakes and move forward. At the end of the day the vanity we have and our passion for cars can only take you so far. I try to keep this in perspective. |
Appreciate
3
|
08-21-2024, 02:04 PM | #50 | |
First Lieutenant
1194
Rep 362
Posts |
Quote:
Dollar cost averaging into a S&P fund has a very high likelihood of success over time - like the last 100 years. And there are many, many miserable 'average guys' who incorrectly assumed they would die young(ish). This we can determine by how many are nearing retirement and scrambling to catch up. Which is the rule, not the exception. We could have a lengthy discourse on proper investment practices, but that would be OT. Why not all of the above? A good life during one's youth, middle age and retirement? And that is all doable, while still owning a very nice car. But, choosing to emphasize one above all the others is another option. But, to your point, as one ages the thrill of certain things does recede a little. So, yeah, enjoyment should not be totally deferred.
__________________
Carbon Black - Debadged|Mocha Nappa|DHP|DAP|Executive|Luxury Seating|M668 w/ DSW06+
|
|
Appreciate
0
|
08-21-2024, 02:06 PM | #51 | |
First Lieutenant
1194
Rep 362
Posts |
Quote:
__________________
Carbon Black - Debadged|Mocha Nappa|DHP|DAP|Executive|Luxury Seating|M668 w/ DSW06+
|
|
Appreciate
0
|
08-21-2024, 02:19 PM | #52 | ||
Colonel
1755
Rep 2,833
Posts |
Quote:
Quote:
As for the " no guarantee that anyone will live 30 more years" - its true, nothing is guaranteed, you may not wake up tomorrow or next week but most decide they need to plan on it happening as the downsides of living a long time and having nothing can be a disaster.
__________________
2006 Z4M Coupe - ZHP knob, stubby antenna, clutch delay delete
|
||
Appreciate
1
DrVenture1194.00 |
08-21-2024, 02:26 PM | #53 | |
First Lieutenant
1194
Rep 362
Posts |
Quote:
__________________
Carbon Black - Debadged|Mocha Nappa|DHP|DAP|Executive|Luxury Seating|M668 w/ DSW06+
|
|
Appreciate
0
|
08-21-2024, 02:59 PM | #54 |
Brigadier General
3019
Rep 3,627
Posts |
You work your life away so you can finally have nice things when your body is broken down.
|
Appreciate
4
|
08-21-2024, 03:01 PM | #55 |
Major General
10797
Rep 8,997
Posts |
personally... i would have a hard time spending over $100k on a car no matter how much money I had... simply because I don't think a vehicle is worth that... again... people will have other opinions... to be fair I don't think a new G80 m3 is worth 90k either... but a 2 yr old one at 65k becomes a reasonable option... its not really about how much it costs but more about whether its a waste of $ to me... if i was rolling in millions, then maybe i'd grab a 911 Turbo S... but i dont have to worry about that lol... i could afford multiple G80 m3's now for cash but i think its a waste of $... and would prefer a 3 year old 65k example... to be fair though... you wouldn't catch me in anything below a new Golf R either lol
__________________
2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
|
08-21-2024, 05:06 PM | #56 |
First Lieutenant
1194
Rep 362
Posts |
Sounds like an argument for proper diet, exercise and early retirement. The last one probably doesn't equate to buying a series of BMWs. lol
__________________
Carbon Black - Debadged|Mocha Nappa|DHP|DAP|Executive|Luxury Seating|M668 w/ DSW06+
|
Appreciate
0
|
08-22-2024, 08:51 AM | #57 | |
Major General
10797
Rep 8,997
Posts |
Quote:
Best example I can come up with is... the Bmw M5... always wanted to have one but couldn't afford it at the time... now I can afford it... but I definitely don't want the car they make now... frankly that's true with a lot of cars and the shift to EVs
__________________
2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
|
|
Appreciate
1
///MPhatic15204.50 |
08-22-2024, 09:16 AM | #58 |
The Seeker
15205
Rep 3,783
Posts |
This is too perfect not to share.
Earlier I typed "Roast the Lotus Exige" into ChatGPT, and this is what I got. Brilliant! haha |
Appreciate
0
|
08-22-2024, 09:23 AM | #59 |
General
18959
Rep 19,603
Posts |
|
Appreciate
1
///MPhatic15204.50 |
08-22-2024, 09:44 AM | #60 | |
First Lieutenant
1194
Rep 362
Posts |
Quote:
My comment about exercise and eating well was a jest actually. I am certain that you can find the M5 of your dreams. It doesn't have to be new. You can find a garage queen and make it like new, all it takes is money. Or elbow grease. Living for the moment should be a strategy from cradle to grave. And if it doesn't make you grin enough these days, they make a pill for that too. I recommend weed gummies, small doses really brighten up my day!
__________________
Carbon Black - Debadged|Mocha Nappa|DHP|DAP|Executive|Luxury Seating|M668 w/ DSW06+
|
|
Appreciate
1
ASAP10796.50 |
08-22-2024, 10:38 AM | #61 | |
General
18959
Rep 19,603
Posts |
Quote:
|
|
Appreciate
0
|
08-22-2024, 01:19 PM | #62 | |
Major General
5918
Rep 5,512
Posts |
Quote:
I've learned that I love driving cars that can be pushed fairly hard on the street. Both cars look and sound WAY faster than they really are, but to the observer, an upper 12-mid 13 second car accelerating full tilt looks no slower than a low 12/upper 11 second taking off. Sounding and looking fast is fine with me. Many performance cars these days are too damn fast and refined thus they need to get faster and faster to convey a sense of acceleration. I'm right there with you about late model cars generally sucking. I would not hesitate at taking my chances on a well maintained E39 M5 and work on it myself.
__________________
The forest was shrinking, but the Trees kept voting for the Axe, for the Axe was clever and convinced the Trees that because his handle was made of wood, he was one of them.
|
|
08-22-2024, 01:46 PM | #63 | |
General
18959
Rep 19,603
Posts |
Quote:
|
|
Appreciate
0
|
08-22-2024, 02:03 PM | #64 | |
First Lieutenant
1194
Rep 362
Posts |
Quote:
This new-to-me M550 is an experiment for me. If I wasn't driving so few miles these days, I might've avoided it. There will be a learning curve as I address any maintenance issues and it is much harder to find info, since so many in the community rely on professionals for service. Agreed on the fact that sub-12 second cars are not something I am chasing any longer. Though I do have two of them.
__________________
Carbon Black - Debadged|Mocha Nappa|DHP|DAP|Executive|Luxury Seating|M668 w/ DSW06+
|
|
Appreciate
1
Efthreeoh18958.50 |
08-22-2024, 02:13 PM | #65 |
Colonel
1755
Rep 2,833
Posts |
I'm the opposite, recently went from my 2006 Z4M - 330 hp 269 ft. lbs. of torque to a 2020 Aston Martin Vantage 503 hp, 505 ft. lbs. of torque. A type of car I always wanted but wasn't willing to buy until I hit my other goals.
__________________
2006 Z4M Coupe - ZHP knob, stubby antenna, clutch delay delete
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|