Thinking of Selling my baby
Thread Starter
Member
Joined: Mar 2012
Posts: 103
Likes: 0
From: Miami
CLS 63 AMG
Thinking of Selling my baby
Palladium Silver Metallic CLS 63
Black AMG Premium Leather
Piano Black Lacquer Wood Trim
Premium 1 Package
Parktronic Assist
AMG Illuminated Door
Lane Tracking Package
Driver Assistance Package
Rear Side impact Air Bags
-------------------------------------
But wait there's more
Renntech Tune
Renntech Intercooler Upgrade
Renntech Downpipes w 100 cell cats
Renntech Tranmission Upgrade for the 722.9
Renntech Limited slip differential
I put almost 25k in upgrades. I love this car!
Dyno Report is included
Asking 115k, obo.
Thank you...
Michael
Black AMG Premium Leather
Piano Black Lacquer Wood Trim
Premium 1 Package
Parktronic Assist
AMG Illuminated Door
Lane Tracking Package
Driver Assistance Package
Rear Side impact Air Bags
-------------------------------------
But wait there's more
Renntech Tune
Renntech Intercooler Upgrade
Renntech Downpipes w 100 cell cats
Renntech Tranmission Upgrade for the 722.9
Renntech Limited slip differential
I put almost 25k in upgrades. I love this car!
Dyno Report is included
Asking 115k, obo.
Thank you...
Michael
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MBWorld Fanatic!
Joined: Nov 2010
Posts: 3,462
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FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
Another one!!!...See what I meant with all these people ditching their CLS. So what do you have in mind to replace that?
Wait a minute--the CLS can seat another 4 passengers, so what's up with 3 kids?! Hmm, I guess they probably still need carseats or booster seats.
Okay, let's see the pix.
Wait a minute--the CLS can seat another 4 passengers, so what's up with 3 kids?! Hmm, I guess they probably still need carseats or booster seats.
Okay, let's see the pix.
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From: NJ
MGT, 12 CLS63 Launch
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From: UK
Designo Brilliant Black Paint W219
Americans never cease to amaze me. We Europeans keep cars for 10 years and over before justifying the purchase of another car. Won't you lose a horrendous amount of money changing your new CLS after 5/6 months of ownership? I bet you must be loaded mate.
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From: UK
Designo Brilliant Black Paint W219
"Millionaire next door" by J. stanley & D. Danko
"Rich Dad, Poor Dad" by Robert Kiyosaki.
These guys really inspired me on what true wealth is.
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Posts: 125
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From: UK
Designo Brilliant Black Paint W219
The book "The Millionaire Next Door" revealed the conspicuous & ostentatious lifestyles of Americans in terms of high status artifacts consumption. This book was an eye opener regarding who the rich really are. It was amazing to know that about 80% of millionaires as of 1996 when the book was written were first generation millionaires. The book explained how these individuals amassed their fortunes. Infact, they interviewed millionaires who had on average $1 Million net worth. The authors used this method to determine if you are really wealthy. "Multiply your age times (×) your realised pretax annual income from all sources except inheritances divide (÷) by ten". This, less any inherited wealth, is what your net worth should be.
The secret behind their financial independence was:
1. Frugality
2. Thriftiness
3. Lived in average neighbourhoods
4. Bought second hand cars (mostly american made vehicles) $12,000
5. Owned their vehicles for over 10 to 20 years before changing.
6. Invested 20 to 40% of their earned income on the stock market.
7. Had dull-normal jobs such as welding contractors, auctioneers etc.
8. Their most expensive watches were $150.00
9. They bought suits off the rack at very low discount prices $100.00
The authors made it clear that at the initial time of their research, they believed wealthy people lived in rich neighbourhoods but they suddenly realised that external appearances could be deceiving. The people living in such rich neighbourhoods are high income earners with a low net worth. Such people were Lawyers, Physicians, Corporate managers etc. These people earned on average $140,000 PA, atimes upto $600,000 PA for Physicians & top Corporate managers and they tend to live high. The more income they realised, the more they splurged their earned incomes in acquring status artifacts denoting superiority such as yachts, brand new Mercedes costing over $100,000, designer clothes etc.
These people rarely invested on the stock market on financial assets that tend to appreciate with time. They instead chose to indulge in profligate lifestyles and bought goods that depreciate in value. The authors precised that income and wealth are two separate things. But people who earn a 6 figure income, have this propensity to feel wealthy. But their high consumption habits speak volumes. Such people when they retire can barely afford such a sedentary lifestyle.
This book was an eye opener for me and honestly, the guy driving in a Nissan Micra could be a discreet millionaire but his outward appearance will never tell you his real net worth. The book concluded that "It is easier to purchase products that denote superiority than to be actually superior in economic achievements".
The secret behind their financial independence was:
1. Frugality
2. Thriftiness
3. Lived in average neighbourhoods
4. Bought second hand cars (mostly american made vehicles) $12,000
5. Owned their vehicles for over 10 to 20 years before changing.
6. Invested 20 to 40% of their earned income on the stock market.
7. Had dull-normal jobs such as welding contractors, auctioneers etc.
8. Their most expensive watches were $150.00
9. They bought suits off the rack at very low discount prices $100.00
The authors made it clear that at the initial time of their research, they believed wealthy people lived in rich neighbourhoods but they suddenly realised that external appearances could be deceiving. The people living in such rich neighbourhoods are high income earners with a low net worth. Such people were Lawyers, Physicians, Corporate managers etc. These people earned on average $140,000 PA, atimes upto $600,000 PA for Physicians & top Corporate managers and they tend to live high. The more income they realised, the more they splurged their earned incomes in acquring status artifacts denoting superiority such as yachts, brand new Mercedes costing over $100,000, designer clothes etc.
These people rarely invested on the stock market on financial assets that tend to appreciate with time. They instead chose to indulge in profligate lifestyles and bought goods that depreciate in value. The authors precised that income and wealth are two separate things. But people who earn a 6 figure income, have this propensity to feel wealthy. But their high consumption habits speak volumes. Such people when they retire can barely afford such a sedentary lifestyle.
This book was an eye opener for me and honestly, the guy driving in a Nissan Micra could be a discreet millionaire but his outward appearance will never tell you his real net worth. The book concluded that "It is easier to purchase products that denote superiority than to be actually superior in economic achievements".
Last edited by mcobinad; Jul 11, 2012 at 05:48 AM.
MBWorld God!
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Posts: 31,273
Likes: 3,916
From: on my way
2012 CLS63
wow mcobinad........you're really hung up on the wealthy aren't you?
you know that the Americans you're speaking of represent about 1% of us Americans?
I could cherry pick plenty of English fallacy too you know.....but why would I?
We are the home of the free!!!!!!
you know that the Americans you're speaking of represent about 1% of us Americans?
I could cherry pick plenty of English fallacy too you know.....but why would I?
We are the home of the free!!!!!!
MBWorld Fanatic!
Joined: Mar 2002
Posts: 2,934
Likes: 387
From: Kenilworth, il usa
GT63S ePerformance 4dr, '25 Bentayga Black Ed.(wife), Wrangler and 250 MLB(kids)
You have only ONE LIFE!!
The secret behind their financial independence was:
1. Frugality
2. Thriftiness
3. Lived in average neighbourhoods
4. Bought second hand cars (mostly american made vehicles) $12,000
5. Owned their vehicles for over 10 to 20 years before changing.
6. Invested 20 to 40% of their earned income on the stock market.
7. Had dull-normal jobs such as welding contractors, auctioneers etc.
8. Their most expensive watches were $150.00
9. They bought suits off the rack at very low discount prices $100.00
If I'm supposed to live like that ,I would be better off dead,just shoot me and end my miserable life......
The secret behind their financial independence was:
1. Frugality
2. Thriftiness
3. Lived in average neighbourhoods
4. Bought second hand cars (mostly american made vehicles) $12,000
5. Owned their vehicles for over 10 to 20 years before changing.
6. Invested 20 to 40% of their earned income on the stock market.
7. Had dull-normal jobs such as welding contractors, auctioneers etc.
8. Their most expensive watches were $150.00
9. They bought suits off the rack at very low discount prices $100.00
If I'm supposed to live like that ,I would be better off dead,just shoot me and end my miserable life......
MBWorld Fanatic!
Joined: Nov 2010
Posts: 3,462
Likes: 54
FF. W212 E63 M156 non-pano 18" P2 ParkT NightV (gone but will be missed).
Interesting. I just ran my net worth using that equation. However, I'm not sure what net worth means. Can someone shed some light on the meaning of "net worth" based on that definition? I think all those items make sense except #6 and #7. IMO, #6 is not what it used to be based on current economy; I'm glad I have nearly nothing in stock.
By the way, my other car is a reliable workhorse of 20 years in excellent condition that I keep mostly in the garage and drive once a month to keep it "lubed." However, I do worry about the safety of cars from that era so I'm now mostly in the MB. I would love to keep this current MB more than 10 years, but I'm worried about the cost when an AMG engine breaks down.
By the way, my other car is a reliable workhorse of 20 years in excellent condition that I keep mostly in the garage and drive once a month to keep it "lubed." However, I do worry about the safety of cars from that era so I'm now mostly in the MB. I would love to keep this current MB more than 10 years, but I'm worried about the cost when an AMG engine breaks down.
Last edited by otakki; Jul 11, 2012 at 09:49 PM.
Member
Joined: Jul 2011
Posts: 125
Likes: 0
From: UK
Designo Brilliant Black Paint W219
Basically, you are leaving off your savings and there is no external assistance either from the government, pension scheme etc. Hope this information helps!
If you want to know the real success behind wealth, read the books of Donald Trump & Robert Kiyosaki - Two Men, One Message. Really powerful message in that book about Conspiracy Of The Rich.
Administrator
Joined: Nov 2001
Posts: 12,263
Likes: 901
From: THE Orange County, California
2024 C8 Z06- 2025 BMW CS- 2022 Porsche 992 GTS
Love how this thread got muddied up---- LOL
You guys want to talk net worth take it to the OT forum- we have one.
Thanks.
You guys want to talk net worth take it to the OT forum- we have one.
Thanks.
Joined: Jul 2006
Posts: 6,760
Likes: 594
From: Seattle
'19 E63S, ‘16 CLS63 RIP, '09 E63 Gone, '06 M5 Gone, '97 Supra TT Gone
I just wanted to point out that Absent just yelled "YOLO!!!"
I agree with him. I can't enjoy my money by looking at zeros in a bank account and I don't/ will not be having kids. Every penny I have will be spent making me and the wifey happy until I put us into a median at 180mph (hopefully later than sooner).
I agree with him. I can't enjoy my money by looking at zeros in a bank account and I don't/ will not be having kids. Every penny I have will be spent making me and the wifey happy until I put us into a median at 180mph (hopefully later than sooner).
You have only ONE LIFE!!
The secret behind their financial independence was:
1. Frugality
2. Thriftiness
3. Lived in average neighbourhoods
4. Bought second hand cars (mostly american made vehicles) $12,000
5. Owned their vehicles for over 10 to 20 years before changing.
6. Invested 20 to 40% of their earned income on the stock market.
7. Had dull-normal jobs such as welding contractors, auctioneers etc.
8. Their most expensive watches were $150.00
9. They bought suits off the rack at very low discount prices $100.00
If I'm supposed to live like that ,I would be better off dead,just shoot me and end my miserable life......
The secret behind their financial independence was:
1. Frugality
2. Thriftiness
3. Lived in average neighbourhoods
4. Bought second hand cars (mostly american made vehicles) $12,000
5. Owned their vehicles for over 10 to 20 years before changing.
6. Invested 20 to 40% of their earned income on the stock market.
7. Had dull-normal jobs such as welding contractors, auctioneers etc.
8. Their most expensive watches were $150.00
9. They bought suits off the rack at very low discount prices $100.00
If I'm supposed to live like that ,I would be better off dead,just shoot me and end my miserable life......
Administrator
Joined: Mar 2005
Posts: 4,080
Likes: 558
Drives Slowly
I just wanted to point out that Absent just yelled "YOLO!!!"
I agree with him. I can't enjoy my money by looking at zeros in a bank account and I don't/ will not be having kids. Every penny I have will be spent making me and the wifey happy until I put us into a median at 180mph (hopefully later than sooner).
I agree with him. I can't enjoy my money by looking at zeros in a bank account and I don't/ will not be having kids. Every penny I have will be spent making me and the wifey happy until I put us into a median at 180mph (hopefully later than sooner).
OP, good luck with the sale. It would be great to see some pictures of the merchandise.
