REWahoo
Give me a museum and I'll fill it. (Picasso) Give
I have three - or at least I did. We converted one to a playroom for the grand kids. Now we only have a front porsche and a back porsche.I still want a Porsche
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I have three - or at least I did. We converted one to a playroom for the grand kids. Now we only have a front porsche and a back porsche.I still want a Porsche
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Closest I ever came was a Karmann Ghia convertible. Damn frugal genes.I still want a Porsche
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...and I always wanted one of those. But I'm 6' 6". Damn tall genes.Closest I ever came was a Karmann Ghia convertible. Damn frugal genes.
...and I always wanted one of those. But I'm 6' 6". Damn tall genes.
We settled on a GTI........ it's no Porsche
Closest I ever came was a Karmann Ghia convertible. Damn frugal genes.
We settled on a GTI as our "fun car". It doesn't turn heads, but it is a blast to drive. And both my son (6'7") and I (6'6") fit in it just fine.
I know it's no Porsche, but it is way way cheaper.
Looks like it is about done...What's this thread about?
What's this thread about?
Not until I talk about my Porsche. A silver 959 beauty I picked up when we were in NY.Looks like it is about done...
What's this thread about?
Whiny authors, and midlife crisis cars...
Back to the topic at hand-I wonder what the author drives.
We drive a 1997 Toyota Avalon with 160,000 miles that I got from my father when he died.
more....We are naturally sympathetic to anyone describing themselves as middle-class who is in such dire financial straits that they don't even have $500 as an emergency fund.
But as we read further, we find the author is hardly a typical middle-class worker-bee: he was a substitute host on a national television program for a few years, received substantial advances for books he wrote (substantial enough for him to complain about the taxes due), got a Hollywood movie deal for another book he wrote, etc.
He was making enough money to suggest his film-producer spouse (yet another not-a-middle-class job) quit working, and to buy a house in the tony Hamptons which he poo-poos as nothing special. (A home in a pricey premier suburb is nothing special? In what circles is it nothing special?)
The solution to his poverty is obvious to the rest of us: sell his Hamptons home and moving to less tony digs. He could buy a house in a Midwest college town for a fraction of the Hamptons house and live happily ever after off the cashed-out equity.
The writer was never middle-class--he was upper middle-class, with upper middle-class income, assets and aspirations.
Why the hell don't they teach "basic financial common sense" at school.
Start with the 4% rule and how your annual savings rate impacts how much money you have.
Explain transaction costs and fees and how they steal your money.
Show people the general impact of market timing.
Stuff like that.
And I don't buy conspiracy theories that this left out on purpose. I guess maybe it's not part of common core or stem... or maybe we separate money from education. I dunno.
I plan on teaching my kids first hand.
I always wondered if people like this actually beat the system in their own way. I mean this guy got hundreds of thousands of dollars more in goods and services then he ever bothered to pay for, and in the end he can just declare bankruptcy and move on to do it again. His retirement will be a series of social programs and SS, and probably some under the table money from his children. In other words, this guy will have lived well beyond his means, and despite some ups and downs, vary well may have lived a better life (personally and materialistically) than those of us who sacrificed and paid our own way. He may actually have 'beat' us!
Yes, I am amazed......... But..........
Apparently you desire to keep your source of this info confidential. You say it's publicly available but won't mention where......
Not that I have any doubt, I don't in the least, but could you at least pass along a few hints where the publicly available info came from? One of those Internet services that advertises on late night TV? Something you have access to because of your former gov't employment? Something like the old Dunn and Bradstreet reports?
Just curious as to the source of my amazement. Thanks.
That's precisely what makes it so juicy. All that dough, the house in the Hamptons, all those liens and judgements, the new book, the fame and fortune...
It could be on the front cover on the tabloids at the grocery store checkout sometime soon. If Kim Kardashian hasn't done something more outrageous. Who knows?
No doubt that's true in some cases. But perhaps a few such elderly Porsche owners don't care about other people's opinions and simply want to enjoy driving a fun car.I never buy a Porsche, in my neighborhood, it usually a geezer with white hair driving a Porsche. I think they are hoping to impress somebody.
+1Once you've already achieved FI, I see nothing wrong using surplus $ - of course, always pay cash for 'toys' - on personal indulgences (chattels or experiences). You can't take it with you.
Exactly. I have better ways to spend my (hard-won) free time than trying to educate people who typically don't want to learn. In most cases I agree with Larry Winget's perspective: "you're broke because you want to be".Maybe we ER's should give some classes based on real-world experience, although this may be too much w*rk and hassle. "What do you mean I must save and invest 20% or more of my income? Not possible! Can't you just give me some hot tips to beat the market and retire in 15 months..."