What does your local Ferrari/Lambo owners do?

[ARMAN]

I suppose noone who work for someone except just few people on earth or crazy folks willing to take a lease can afford having Ferrari or Lambo or same type of car.
What your local owners of those cars do? What kind of businesses they have?

Why I am asking? Yesterday on a park lot an under 30 young guy was driving AMG SL and 15 minutes after than from local Ferrari dealer arrived 430, salesman switched places with passenger(buyer) and with barking exhaust(:twisted:) they droove away... and me sitting is rusted Lada watching this all happening :roll: My whole car costs less than theyr seats knitting :| makes you think.... *cough* once again *cough*

[dingo]

Geez I've met a ton of them now so I won't be able to remember them all but here are a few:

Computer service/repair business (remote area)
Engineers
Storage units
Chemist
Restaurant owner
Real Estate
Car Performance shop
Accountant
Stock Broker

[Fleischmann]

owner of 4 star hotel
owner of company shipping Adobe products
owner of medical clinic
owner of restaurant

[TT]

On top of my head

Telecom
Informatic engineer
Mushrooms dealer
lawyers
dentists
producing parts used in watches

...

[davide]

On top of my head

Telecom
Informatic engineer
Mushrooms dealer
lawyers
dentists
producing parts used in watches

...

mushroom dealer...?
And we're not talking shitake shrooms are we?
happy ones? :D

[MartijnGizmo]

I'm thinking truffles etc.....

[MartijnGizmo]

What about:

running JabbasWorld.net

:lol: ;)

[N.J.]

Just remember that the guy you see driving a flash car isn't always rich/well off - he's often way, way, way in debt.

Fact is 95% of rich people live in middle class areas and drive the second hand family car... :wink:




As for those people who can afford these sorts of cars - they are normally people who own their own businesses (not those who work for someone else).

[TT]

On top of my head

Telecom
Informatic engineer
Mushrooms dealer
lawyers
dentists
producing parts used in watches

...

mushroom dealer...?
And we're not talking shitake shrooms are we?
happy ones? :D

Real mushrooms, and he has a Diablo ;)

[nthfinity]

Just remember that the guy you see driving a flash car isn't always rich/well off - he's often way, way, way in debt.

Fact is 95% of rich people live in middle class areas and drive the second hand family car... :wink:




As for those people who can afford these sorts of cars - they are normally people who own their own businesses (not those who work for someone else).

where is this statistic coming from?

[T-Bird]

well by my work SL's especially AMG models including quite a few 65's are more common than a honda civic. People by me are mostly in the pharmaceutical business in some way and alot of sports people are around there aswell like Jordan's insane compound across the street. Bill Cartwright has an MDX from us and a new S550. Ferraris and Porsches are as common as the cold. I've even seen the occasional Spyker. like I said most are in the legal drug business and there are alot of Lawyers and Doctors. Huge realestate companies, Some of the larger insurance companies, Motorola Corporate headquarters, Boeing, Coca-Cola, Wrigleys, Nestle, Walgreens, I'm sure I forgot some of the other larger comapnies based here.

[nthfinity]

the wealthiest people i know dont work

but they once had to.

Real estate, title business, and real estate development are the wealthiest i know of... one reaching in the 10 figure zone....

[ARMAN]

hmmm... real estate business you say?..... hmmmm... :hmm:

[No.1]

in the UK...

... professional footballer
... chef
... owning your own company (a variety)
... property developer
... thats all i know :good:

[dingo]

oh yeah, a pro sports player is another common one (not in Perth so much but over east).

Lleyton Hewitt (tennis player) has a black 360 Spider for example.

[nthfinity]

hmmm... real estate business you say?..... hmmmm... :hmm:

property is a definately one way to do it. the 10 figure guy i know basically owns the property, and develops it in very urban areas.(i think he owns 15-20 square blocks of real estate in suburban Detroit of prime comercial businesses. He also gives a LOT to the city of Detroit... and has a 993 GT2, and more 356's then you can shake a stick at :P

[ARMAN]

^^ :shock: would be interestinf to know where he started at :)

[nthfinity]

^^ :shock: would be interestinf to know where he started at :)

second generation owner, but he seriously took it to a level that his folks didn't even think possible.

the other Real estate developer i know started from scratch... i honestly dont know how much he is worth... but concidering the cars, i'd guess 9 figures.

he started with back breaking labor, and eventually ran his own construction company that just grew and grew... and so on...

the guy i know who are first gen hundred millionaires built from scratch. the title company owner (well, former owner) started at 23 years old not knowing a thing about title insurance; and he grew into the country's largest independantly owned title company before selling it in its peak year ever..... he had 2500 employees or so... he started the company amid people telling him it was bad timing, he'll fail, who would want title insurance, bla bla bla.... guess he showed them, eh?

each of them, you woulsn't know thier "value" when you bump into them on the street.... they are basically every other blue collar type guy out there that love the EXACT same things we do.... just can afford them ;) :)

[ARMAN]

thanx for info Nth :wink: One day... one day... 8) :wink:

[saadie]

property dealing is pretty nice ...

at first you are like a dealer .. find a person who is selling and find a person who wants to buy .. if the deal is done you get like 1-2%
do about a 100 deals to get experience and some money to buy your own property .. then wait for the prices torise then sell it for someprofit .... then reinvest ...

:? ..... sounds ugly ... but it works ... :?

[ARMAN]

I'd prefer owning rental houses than just speculate on the market.. first goal is to get some cash to buy the first flat :twisted:

[nthfinity]

I'd prefer owning rental houses than just speculate on the market.. first goal is to get some cash to buy the first flat :twisted:

on rental houses... keep in mind several things

1. you have a mortgage on the homes, and have to pay that

2. you have wear and tear on the homes that you have to maintain, and pay for out of pocket (eg. a water heater goes bust, the roof needs replacement, you have bug infestation etc.)

3. the law protects people in a house more then the landlord, and who knows if they are gonig to trash the place... specifically if they are being evicted... a pricy fix if

4. the court costs of doing anything to get payment for the renter

5. the renter doesnt pay, how do you pay the mortgage


my recomendation?

buy homes, fix them up, tehn put them back on the market with more value.... do as much of your own work as you can at first.... as you have more money... use the kids from the local (whatever... church for example) and pay them 10$ equivilant an hour to paint the walls, or install an oven, or wood floor etc.

that IMO is much safer, both for your credit, and for your pocket earnings



oh, and dont be the realator yourself, hire somebody else to sell your homes ;) there is much more profit involved :)

[sameerrao]

I'd prefer owning rental houses than just speculate on the market.. first goal is to get some cash to buy the first flat :twisted:

Well if you are renting houses then make sure there are some pretty women in the house ... that way when the rent check collection time comes then you can always go for cash or kind ;)

[nthfinity]

The ratio here is 7.5 doctors per person to the population.


so each person has 7-8 doctors?

and each doctor has 7-8 doctors?

do you mean 1 doctor per 7-8 people?

[TeflonTron]

^ No Mortgages? Explain, please.

[nthfinity]

^ No Mortgages? Explain, please.

if i were to guess, the homes are already owned outright; and possibly able to buy new homes with cash?

local laws can be a big influencing factor, for sure.

also, apartments have a tendancy to be quite a bit different then rental homes here; where damage is paid for by the tennent.

but still, appliances are covered by the management company etc.

[sameerrao]

Ferrari owners come in few varieties ...

A) The lucky sperm club owners - basically their parents made the money and left a sizeable trust fund to fund a couple Ferraris

B) The dotcommers - made their money riding the boom phase of the dotcom and cashed out on the IPO. The sports and film personalities feature here - buy expensive cars in their 20s

C) Self employed consultants or small business owners - guys have toiled years to build their business into a sizeable business and are buying Ferraris when they are in their 40s. Most Ferrari owners would be from this group. There is a common misconception that these businesses need to be something really exotic and stuff. But a lot of them produce things like $2 PVC pipes, nuts and bolts - basically mundane stuff

D) CEOs of companies - like the guys above, these guys have taken years to reach the top and are enjoying the fruits now.

[nthfinity]

hmm.... sounds like north of chicago to me :P

and hows this on for size; 8 persons per doctor.... in a small town of say 8 persons, is it logical to think the doctor lives among them? is he allowed to consumate, and later marry a patient?

[TeflonTron]

^ No Mortgages? Explain, please.

if i were to guess, the homes are already owned outright; and possibly able to buy new homes with cash?

local laws can be a big influencing factor, for sure.

also, apartments have a tendancy to be quite a bit different then rental homes here; where damage is paid for by the tennent.

but still, appliances are covered by the management company etc.

Yeah, I wasn't sure whether he was refering to his personal situation, or that in Spain in general.

Renting property can be a BIG money-earner, but you have to be aware of all that can and will happen, and realise that it's something that's a longterm plan, not just a "I'll buy some houses and get rich in a year" thing, as it isn't.

[T-Bird]

hmm.... sounds like north of chicago to me :P

and hows this on for size; 8 persons per doctor.... in a small town of say 8 persons, is it logical to think the doctor lives among them? is he allowed to consumate, and later marry a patient?

yeah that's definitely how it is on the "North Shore"as they call it on average it's doctor, doctor, lawyer, dentist, doctor, lawyer, athlete, doctor, lawyer, lawyer, athlete, old money, athlete, brach's family, oprah, doctor, lawyer, oprah, etc...