Am I Rich Enough for a 991?
Registered User
Joined: Jun 2004
Posts: 2,597
From: New Jersey(outside Phila)
Rep Power: 126
I don't do nearly as well as you do now, but decided to go and buy a used 991.
Without a wife and children to support you can easily afford this in my opinion.
Go for it and post some pics when you get it.
Congrats.
Without a wife and children to support you can easily afford this in my opinion.
Go for it and post some pics when you get it.
Congrats.
Registered User
Joined: Jul 2012
Posts: 106
From: Napa, ca
Rep Power: 18
redacted...my original comments were too harsh...sry
Last edited by Aranthir; May 21, 2014 at 08:25 PM.
Registered User
Joined: Dec 2008
Posts: 873
From: Manhattan (NY) / Greenwich (CT)
Rep Power: 78
This thread just made me nervous lol
Am I rich enough? $300K is more than enough money to play with
for all you know it might not last
so you should tell us how consistent is your 300K income? is it a one time thing or do you foresee it coming in consistently every year and obviously increasing every year?
If its a one time thing and you got 400K saved up you probably can still swing a 991
and if its consistent you can most definitely swing a 991
I personally dont care about money ....money comes money goes
Mo Money Mo Problems ...... Mo 991 ....Mo Funnnnnn
Am I rich enough? $300K is more than enough money to play with
for all you know it might not last
so you should tell us how consistent is your 300K income? is it a one time thing or do you foresee it coming in consistently every year and obviously increasing every year?
If its a one time thing and you got 400K saved up you probably can still swing a 991
and if its consistent you can most definitely swing a 991
I personally dont care about money ....money comes money goes
Mo Money Mo Problems ...... Mo 991 ....Mo Funnnnnn
Registered User
Joined: Dec 2008
Posts: 873
From: Manhattan (NY) / Greenwich (CT)
Rep Power: 78
Hey OP,
I don't think you're a troll. Maybe you just want some feedback. There was a thread a while back on here--the OP for that thread was writing about he was part of the "one percent" and how he didn't think 991s were worth the money anymore especially since it is harder to hold on the wealth nowadays. Lots of positive feedback in that thread. So I guess it's fine to talk about your wealth, but only in a "humble commiserate with me" type of fashion.
I'm 29, and I make about the same as you after taxes. I'm not good with the finances either, at least in a "diversified portfolio" type of way. I just recently became CPC with Chase and they are hounding me to put my money in mutual funds and other stuff I don't understand. They made it sound so awesome--you can liquidate right away, earn steady 5% return--all with almost no risk! I did a quick Google search, and read lots of posts about how Chase fees were exorbitant, how you still had to pay fees if you didn't make money or incurred a loss. Ha! almost got me Chase.
But I do understand property and cap rates so that's what I'm doing with my saved money. I focus on corporate-backed properties out of my home state. My goal is to flip in 3-5 years and leverage for more expensive properties. The increase in cash flow and net worth will follow. I think you should also do something with your money so you have some staying power.
That's also why I lease, so my money can be working for me elsewhere. That and the deductions.
EDIT:
Here are some other cars you can consider in your price range--my lease is up in a year so I'm considering these as well:
2015 Jaguar F-Type R Coupe (no DCT; all the car reviewers love the design, but I don't get it really)
2015 Aston Martin Vantage GT (only concern is same body style as debuted in 2006...is a new platform ever coming? also no DCT)
2012 Audi R8 V10 (no trunk space though)
2015 BMW M4 (a decent car, the 0-60 is faster than all the above. plus it's a BMW so nobody will use the mustang argument)
I don't think you're a troll. Maybe you just want some feedback. There was a thread a while back on here--the OP for that thread was writing about he was part of the "one percent" and how he didn't think 991s were worth the money anymore especially since it is harder to hold on the wealth nowadays. Lots of positive feedback in that thread. So I guess it's fine to talk about your wealth, but only in a "humble commiserate with me" type of fashion.
I'm 29, and I make about the same as you after taxes. I'm not good with the finances either, at least in a "diversified portfolio" type of way. I just recently became CPC with Chase and they are hounding me to put my money in mutual funds and other stuff I don't understand. They made it sound so awesome--you can liquidate right away, earn steady 5% return--all with almost no risk! I did a quick Google search, and read lots of posts about how Chase fees were exorbitant, how you still had to pay fees if you didn't make money or incurred a loss. Ha! almost got me Chase.
But I do understand property and cap rates so that's what I'm doing with my saved money. I focus on corporate-backed properties out of my home state. My goal is to flip in 3-5 years and leverage for more expensive properties. The increase in cash flow and net worth will follow. I think you should also do something with your money so you have some staying power.
That's also why I lease, so my money can be working for me elsewhere. That and the deductions.
EDIT:
Here are some other cars you can consider in your price range--my lease is up in a year so I'm considering these as well:
2015 Jaguar F-Type R Coupe (no DCT; all the car reviewers love the design, but I don't get it really)
2015 Aston Martin Vantage GT (only concern is same body style as debuted in 2006...is a new platform ever coming? also no DCT)
2012 Audi R8 V10 (no trunk space though)
2015 BMW M4 (a decent car, the 0-60 is faster than all the above. plus it's a BMW so nobody will use the mustang argument)
not sure why you only just recently became a CPC with Chase, you make it sound like you are swimming with the begis ....they only need 250 in funds to give someone that name tag
Thread Starter
|
Registered User
Joined: Mar 2010
Posts: 132
From: Minneapolis, MN
Rep Power: 0
Hey everyone
HUGE thing I stupidly forgot to mention.
And I apologize..
But the biggest hting I have is financial uncertainty because I am not in a profession. I am an internet entrepreneur who ranks websites on Google and its not stable.
That is why I am so insecure with my financial stuff.
If I was someone with a profession, such as a doc, and knew I'd make x amount for the next 30 years, I'd have a totally different mindset.
HUGE thing I stupidly forgot to mention.
And I apologize..
But the biggest hting I have is financial uncertainty because I am not in a profession. I am an internet entrepreneur who ranks websites on Google and its not stable.
That is why I am so insecure with my financial stuff.
If I was someone with a profession, such as a doc, and knew I'd make x amount for the next 30 years, I'd have a totally different mindset.
Registered User
Joined: May 2014
Posts: 79
From: Surrey
Rep Power: 16
I am married, i have a daughter, i have a big mortgage, i'm not rich, but hey... I love my 991 all the more for it! Now stop being vulgar and spend half your money on real estate or diversified portfolio and the other half on making you happy... You never know what is round the corner
Registered User
Joined: Jan 2014
Posts: 415
From: NJ
Rep Power: 30
But the biggest hting I have is financial uncertainty because I am not in a profession. I am an internet entrepreneur who ranks websites on Google and its not stable.
That is why I am so insecure with my financial stuff.
If I was someone with a profession, such as a doc, and knew I'd make x amount for the next 30 years, I'd have a totally different mindset.
Registered User
Joined: Feb 2007
Posts: 1,912
From: Pittsburgh, PA
Rep Power: 111
Hey everyone
HUGE thing I stupidly forgot to mention.
And I apologize..
But the biggest hting I have is financial uncertainty because I am not in a profession. I am an internet entrepreneur who ranks websites on Google and its not stable.
That is why I am so insecure with my financial stuff.
If I was someone with a profession, such as a doc, and knew I'd make x amount for the next 30 years, I'd have a totally different mindset.
HUGE thing I stupidly forgot to mention.
And I apologize..
But the biggest hting I have is financial uncertainty because I am not in a profession. I am an internet entrepreneur who ranks websites on Google and its not stable.
That is why I am so insecure with my financial stuff.
If I was someone with a profession, such as a doc, and knew I'd make x amount for the next 30 years, I'd have a totally different mindset.
Registered User
Joined: Jul 2005
Posts: 4,355
From: Memphis
Rep Power: 284
Since no one really knows who I am, I am going to post some personal information.
I am a 34 year old dude. I make about 300k a year. I live in a very small condo that I owe about 100k on. I personally have about 350-400k saved up.
I have my 2006 carrerea paid off.
Its worth about 30k, i assume, if I trade it in.
I am looking at a 2012 991 for 93k.
I was thinking of trading mine in, paying 30k down, and financing the remaining 34k.
Is this a financially idiotic move?
I am a 34 year old dude. I make about 300k a year. I live in a very small condo that I owe about 100k on. I personally have about 350-400k saved up.
I have my 2006 carrerea paid off.
Its worth about 30k, i assume, if I trade it in.
I am looking at a 2012 991 for 93k.
I was thinking of trading mine in, paying 30k down, and financing the remaining 34k.
Is this a financially idiotic move?
