Quote:
Originally posted by Marc De
PornKings - you can have nice cars, nice homes, and nice jewelry AND invest if you make enough.
The millionaire next door is not talking about the MULTI-millionaire. Its great to have enough money stashed away to not have to worry about money on a certain lifestyle. The question is can you raise your lifestyle while simultaneously investing and protecting money to continue that lifestyle beyond living month to month spending all you make to have nice cars, houses, jewelry.
Brad - nice car but since I bought a Ferrari about 6 months ago I don't think I'll buy another  I have an SL 55 and its by far the best performing car I've driven. What else is great is I live in a fairly small town and the rear right brake locked. I made an apt at my local MB dealership, dropped it off, and within 45 minutes my car was fixed! 
FM - borrowing money in business is the only way! OPM :D However, I agree, personally its not worth it. Don't take notes on cars, jewelry, or homes! However, I use banking relationships all the time to purchase apartment and office complexes (80/20). Allows me to secure large pieces of property, earn a good cash on cash, and let my tenants pay down the note so I eventually own it out right.
|
tell that to all the ball players and many others who are broke now and made multi-millions and didn't live month to month. Shit happens.
Also congrats on your new born I have 4 months to go.