You wanna participate, great. You wanna keep it close to the vest...not a problem. It's just a thought that we all wonder about and I thought I would take a shot at getting hammered and throw it out there. If I go down in flames...I will take it down...no biggee.

**** Please not that I DID check the box that says "do NOT display names and who voted"..so this is totally confidential.

Okay, all that crap outta the way.....what cha pulling in bling a year???

 

somewhere between a goodly amount and a shi@load!

 

Makin small taters comparative to the choices

 

Should have added another option to include.

"As much as this guy"

 

Fu$k'n sick!

 

and what are some of your careers? i didn't think people who made over 500k woudl have time to sit on chit chat on a message board like this, wouldnt ya be too wrapped into your bussiness? and ppl makin over 500k i think wouldn't be driving a 80k mercedes....

 

Dude,

house, wife, wife's car, kids, food, clothes for all, all the forms of insurance, property taxes, private school tuition, save for college, nice vacations, 35% to the IRS, save for own retirement, plus more!

I would think that even at over 500k/yr that an E55 is a luxury item.

My experience is that to drive cars over 130k you have either inherited wealth, or make high six figs with no dependants, or make well north of 1 million.

 

Agree 100%. My daughter is starting K in the fall and it will cost me over $1K a month. She is in pre-k currently and it costs me $800 month. If I had no wife and no kids I could be driving a Carrera GT

 

chill out, did not want to start an argument. so tell me, do you actually finace your mercedes?

 

Sorry, I didn't mean to give the impression that I'm arguing, but your statement implying that an 80+k car is below the means of those making 500+ is outta whack.

 

You liar...you know you'd be driving a Kleemann SLR, Bently GT (moddified), and somewhere in the lineup a Stage K4000000 G55 for your daily driver.

All jokes aside, I feel you man. With my wife not ever working (don't know how we survived those years we were spending more than I made) and 2 kids and 1 going to school now...man it ain't easy. But I guess we've all been blessed with the ability to afford the cars we drive and still be able to do the things we do.

Pimpitcharlie, I think there are quite a few of us that pull over $500K and live on this forum. I undertand your "intent" as I don't suspect Bill Gates or Buffet to be hanging out on these forums.

Eagleeye, 35% to the IRS? Man fire your accountant....just kidding

 

Apparently not enough because many people on the forums here have stage 2's and 3's already. I am STILL working on gettin stage 1... :p

 

Eagleeye...we live in Florida...could you imagine living in California? $500K isn't what it used to be, especially if you live in certain parts of the US.

 

are you fellas kidding? saying 500k isnt what it used to be?

my family makes something like 90-95k, a fraction of what you guys make, and we still afford a mercedes, a bmw, and a 800k house and all those other nessecities.

what are you guys, General Mangers or something? i thought the GM was as liek the highest position of bussinesses, or are there doctors here?

i would be happy with 200k

 

No way possible to pay for those things on 95k.

 

f an a right!!! 2 kids, pre k and k private school, 31k A YEAR TOTAL!!!!!!!!!!! wife dont work either. plus all the blood sucking taxes. ive been blessed to own 2 r.e. biz in a rockin market, broker and appraiser, but if the market tanks who knows, maybe ill have to downsize to an m5

ps DONT BUY ANYTHING IN CASH...borrow someones else's money at 4-6% and invest in real estate where returns are 10-25%. purchase with 90%interest only loans, buy investments props at 4 month intervels so youll only have 3 at a time and pay short term cap gains but you wont be too exposed if market drastically turns or buy 3, keep for a year then flip for 3 more and pay long term cap gains. also, cash out your house to the max, again interest only and buy away!!! damn, i could go on and on, also, find the cheapest condo development in your area and watch it every day. soon youll know exactly what the models are just by br count and what they are bringing. in a local project of 1,183 units there are only 1-2 for sale at any 1 time. i bought 2, gutted em and when i put them back on the market mine were the only ones avail. so i set the market +10%. then all new listings price off mine. i repeated a few times and 40-70% annualized rate of returns and theyre flipped in 3 months.

pps. ill stop know. this is my experience only.

 

sure you can, the bnz is 01, dont know the bmw and an 800k house with a negative amortization loan and youd have plenty left over.

 

And then there are those who are federal employees with a military retirement pension, a Veterans Administration disability pension, a wife with a job, no kids, a house with a clear title, and otherwise debt free except for the transportation toys (and at a rather low interest rate). None of the sources is a great amount, but the aggregate mounts up, especially when I consider that I do not have to save for retirement because it is already funded. So, there you have it; 22 years of government service (12 years in Special Forces conducting anti**** warfare and miscellaneous in sundry special operations), 93 parachute jumps, and a little wear and tear, and anyone can drive a 55. Happy motoring everyone.

 

How old are you?

 

ugh. yes, i do. and the benz is 05, not 01
financed, not leased

do you really think majority of people in the US make over 100k?

 

my bad, i was looking at dfw01e55's sig

 

Sorry, your numbers do not add up.

95k year = roughly 6k take home per month.

800k house, assuming you could save enough on 95k to put 20% down (160k)
(btw, pretty hard to save 160k and pay for everything else on 6-7k/month) leaves you with a mortgage of 640, which at 6% over 30 yrs is almost 3900/month payment.

Add in property tax, insurance, utilities, 05 MB, BMW, insurance for both, food, clean underwear, deodorant, dental floss, 1 or 2 condoms a year, and there may be enough left over to hand to your kid for a sweet tart as you leave Wal-Mart.

No way you could do that on that income alone.

 

you'd be surprised, im don't want to say the exact figures i make for its know of your bussiness, but the house was purchased at 500k, payments are about 3000 a month,

 

I'm less interested in what people make - rather, what their chosen profession is. If anyone would share, that would provide some stimulating conversation (I'd think).

I'm not even making the big bucks yet - I'm going to law school.

 

I run the IT Solutions Division of a national IT consulting firm. I land in category 3 and feel that I am one for the more fortunate people on the planet.

Interesting thread btw, thanks.


PS I do 3 cars and a house right near what the guy with 95K has and while I'm not saying liar, there has to be more to the story there.