What do you all do for a living?

ASAP · 10-02-2014, 12:45 PM

Quote:

Originally Posted by gtron

Quote:

Originally Posted by ASAP

Just curious... Is there anyone here that feels that they could go out and spend $100k cash on a car right now and not be in any way financially affected. House paid off, massive savings and enough income monthly to have fun? I am curious what a person in a position of that sort may do.

a truck driver could do that if they saved long enough.

I am gonna guess you mean;

Owner of a trucking company w Millions of $$$ in net worth... otherwise, I am gonna guess you didn't understand the question.

UncleWede · 10-02-2014, 02:28 PM

IF I can remember the 7 magical numbers for PowerBall, I could do that. Not sure it would be quite as sweet, but I'm more than willing to take a deep bite of that treat!!!

Mardio · 10-02-2014, 03:45 PM

I work grave yard cleaning strip clubs.

MG 228i · 10-02-2014, 04:07 PM

Quote:

Originally Posted by ASAP

Just curious... Is there anyone here that feels that they could go out and spend $100k cash on a car right now and not be in any way financially affected. House paid off, massive savings and enough income monthly to have fun? I am curious what a person in a position of that sort may do.

Probably an investment banker who just got their bonus.

MrPrena · 10-02-2014, 04:14 PM

Quote:

Originally Posted by ASAP

Just curious... Is there anyone here that feels that they could go out and spend $100k cash on a car right now and not be in any way financially affected. House paid off, massive savings and enough income monthly to have fun? I am curious what a person in a position of that sort may do.

I am sure people who have total asset of $500m, and net of $100m would be effected A LITTLE. People who are multimillionaire just do not carry full of cash. They probably need to transfer few of their holding into checking. (from savings, money market acct, safe dep, safe, etc).
those guys tend to invest little more, so they are little less liquid than M2,M3.

Quote:

Originally Posted by gtron

a truck driver could do that if they saved long enough.

Quote:

Originally Posted by ASAP

I am gonna guess you mean;

Owner of a trucking company w Millions of $$$ in net worth... otherwise, I am gonna guess you didn't understand the question.

Really? I know lots of truckers, (freight, referigerated, tanker, etc etc), and owner&operator guys. Although "owner&operator" may make more money than average MBA graduates, but they don't have enough cash to pay stuff like $100k car in cash.

ASAP · 10-02-2014, 04:17 PM

The few people that I know that are in the position that I described are all multimillionaire business owners and all outside of the US. All buy in cash and are all extremely liquid... like millions of cash liquid. That's one of the major differences between this country and others.

US - Cash Flow, Leverage, Credit
World - Liquidity, Cash Piles

Whostheboss · 10-02-2014, 04:47 PM

In Nigeria, there is no such thing as "Car loan". When you go to Lagos all you see are RR's (not Range rover), Lambos and Maybachs, some 911 GT3s.. all paid for in CASH!

2011CrazE89 · 10-02-2014, 05:09 PM

My previous boss. (Owner of the Miami Dolphins) and Developer Stephen Ross lives that lifestyle. This guy doesn’t believe in paying anyone interest. When you have a yacht, and a helicopter on it, you know you reached a level of success that many of us dream about. Then again, he works 24/7 365 days. The man lives to work.

10-02-2014, 02:28 PM	#134
UncleWede Long Time Admirer, First Time Owner 18430 Rep 9,426 Posts Drives: G01 X3 M40i Dark Graphite Join Date: Jun 2005 Location: Oxnard, CA iTrader: (0)	IF I can remember the 7 magical numbers for PowerBall, I could do that. Not sure it would be quite as sweet, but I'm more than willing to take a deep bite of that treat!!!
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10-02-2014, 03:45 PM	#135
Mardio Brigadier General 197 Rep 3,211 Posts Drives: 2017 X5 Join Date: Jun 2006 Location: Nashville iTrader: (0)	I work grave yard cleaning strip clubs.
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10-02-2014, 04:17 PM	#138
ASAP Major General 10869 Rep 9,057 Posts Drives: '23 X3 M40i Join Date: Sep 2012 Location: FL iTrader: (0)	The few people that I know that are in the position that I described are all multimillionaire business owners and all outside of the US. All buy in cash and are all extremely liquid... like millions of cash liquid. That's one of the major differences between this country and others. US - Cash Flow, Leverage, Credit World - Liquidity, Cash Piles __________________ 2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
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10-02-2014, 04:47 PM	#139
Whostheboss Captain 416 Rep 841 Posts Drives: a 9incher Join Date: Aug 2008 Location: No. Virginia U.S.A. iTrader: (0)	In Nigeria, there is no such thing as "Car loan". When you go to Lagos all you see are RR's (not Range rover), Lambos and Maybachs, some 911 GT3s.. all paid for in CASH! __________________ WHO'S THE BOSS
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10-02-2014, 05:09 PM	#140
2011CrazE89 Moved on 130 Rep 166 Posts Drives: 2011 Z430i & 2015 MB C300 Join Date: Sep 2013 Location: South Florida iTrader: (0)	My previous boss. (Owner of the Miami Dolphins) and Developer Stephen Ross lives that lifestyle. This guy doesn’t believe in paying anyone interest. When you have a yacht, and a helicopter on it, you know you reached a level of success that many of us dream about. Then again, he works 24/7 365 days. The man lives to work.
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