Average Household Income of E90 owners

[John 070]

Originally Posted by sambonator

Yes. Here in California, there had been several newspaper articles about lack of prison guards leading to lots of overtime and enormous pay for them. Many of them make 200-300K/yr.

Maybe I should change careers

Somehow I'm a bit skeptical about that, my friend is now 32 years old, and he hopes to make that in another 2 years as a radiologist. He also has $1100/mo. for 30 yrs. in student loans to pay back. Now you're saying many prison guards earn the same? I'm gonna say BS. There's a big difference between someone who works for the State of CA in a prison and makes 200k as a doctor, and a guard. FYI the median salaray for a prison guard in CA is 67k, so use that number if you plan on a career change. Yes, there may have been two officers who made 200k, but in a state as large as Cali., I wouldn't say two is "many." And don't mistake an officer for a guard.

[trick50]

Originally Posted by Zeroday

Someone deserves a cookie.

And a lesson in class.

A lesson in class ?? For answering the question? Sorry I did not read the thread and realize that everyone was f'ing around...I am proud of my accomplishments and have nothing to hide. I am sure there are people here that make alot more than my wife and I do. In NYC, I am just another suit.

[trick50]

Originally Posted by niftyhawk

100K for a nurse?? Is that possible?

No I said our joint income is over 200k. That does not mean it is 50/50. She makes around 70k I think. But if she would get her masters and become a nurse administrator she would be around 120k. Nursing is actually a pretty decent profession, and there is a shortage of nurses and nurse administrators. And the hours are great. My wife works 3 days a week 7am-7pm.

[trick50]

Originally Posted by AndrewAZ

No that just stupid. If you have money then you know how to make it or it was given to you. If you know how to make it then you realize how stupid it is to put so much money into a depreciating asset. About 50% of people lease MB's and of the people who lease 80% of them are doctors/lawyers and other high income earners (according to my MB sales guy). Reason being is they are smart and realize that instead of wasting $50k out of pocket on a car they can put $1k out of pocket and invest the $49K and hopefully make enough money to offset some of the lease costs along with depreciating the car lease for business use.

My family used to buy all of our cars strait up but then when we sat down with the accountant and worked the numbers out being a small business owner we figured we would save a substantial amount of money by leasing our cars.

I could of traded in my last car worth $37k at trade in and paid in full that day for my new E90 along with getting cash back. But since it made more economic sense I put down $5k since you dont pay tax on the trade in value and got a check written to me for $32k and right now thats invested in a energy fund and my monthly payment on my car is $26X or $3,120 a year meaning that my investment has to make 10% a year to cover my yearly car payment. So essentially I am leasing a E90 for 27 months for only $5k well actually less since some of the cost is taken out because of business depreciation.

You dont get wealthy by writing out checks and being foolish with your money, make your money work for you dont work for your money.

Well put.

[John 070]

Originally Posted by trick50

Well put.

Actually, it isn't. Lot's of numbers that don't jive imho. And I'm not even a mathematician.

[trick50]

Originally Posted by dmboone25

Just curious--what kind of fees we talking here (approx $$$ amount)?

It depends on the bank you work with and the volume of business you do with them. When I was in college I used to run a the office of a small company and we were paying the following:
Mastercard: 2.3% transaction cost.
Visa: 2.1%
Amex: 3.1%? (I think I know it was over 3%)
Discover: around 2.5%

That is why alot of dealers do not want to accept a credit card when you purchase a car. On a 50k car you are looking at a transaction charge between $1050 and $1550.

[Zeroday]

ok so I need cliff notes here. who's e-penis turned out to be the largest?

[canucklion]

all are grossly exaggerated

Originally Posted by Zeroday

ok so I need cliff notes here. who's e-penis turned out to be the largest?

[Zeroday]

Originally Posted by canucklion

all are grossly exaggerated

Well this is the Internet so it's par for the course. Speaking of courses I own a little one you may have heard of; it's called Pebble Beach...heard of it? :rocks:

[John 070]

Originally Posted by canucklion

all are grossly exaggerated

Does anybody really think that people who earn x amount of dollars need to tell everyone on an anonymous forum how much they make? Then all the teenagers are in awe and say, you and your wife make that much? That much is barely enough to get by in NYC/NJ, but impressive nonetheless?

When you put together all the misinformation from this thread alone, how does it help the 18 year old who is planning to lease his 335i this summer? It really steers him wrong.

[canucklion]

hey that 18 year old might be eating instant noodle, homeless and stink of urine, but at least he's rocking in a 335i

Originally Posted by John 070

Does anybody really think that people who earn x amount of dollars need to tell everyone on an anonymous forum how much they make? Then all the teenagers are in awe and say, you and your wife make that much? That much is barely enough to get by in NYC/NJ, but impressive nonetheless?

When you put together all the misinformation from this thread alone, how does it help the 18 year old who is planning to lease his 335i this summer? It really steers him wrong.

[NaTuReB0Y]

FTW!

for the win? WTF!!!!!

[trick50]

As far as investments are concerned..If anyone is interested I own a decent position in an oil company, tanker and carrier that pays a pretty handsome yield. They are a good company with solid earnings but what I really love about it is the high dividend which hedges you somewhat against short term market depreciation. In the long run the market is going higher and will always trend higher. It's not the guys that rolls the dice on google for earnings with a naked call that have balls or are the smart investors, it is the guys who can stomache being down 50% in a good company and hold on. The only way to make real money in the market is to buy good companies, with a strong product line/service, that are always putting money back into the company to expand.

It worked for Warren Buffet and it still works. Look at 50 cent. He bought what a piece of Vitamin Water a few years ago bought in for like 7 million or something..When coca cola bought them recently he cashed out with like 700 million.

For those interested the energy company that I own is Frontline Ltd. (NYSE: FRO) it is trading around $42/share paying a 14% dividend.

Also for speaking of credit card companies they are a good place to invest also. Mastercard IPO'd at $39 less than 2 years ago today it is $140 something (NYSE: MA).

Keep your eyes out for VISA they are set to IPO sometime between 10/07 and 4/08 should price around $65 with long term targets north of $200

[Zeroday]

Originally Posted by canucklion

hey that 18 year old might be eating instant noodle, homeless and stink of urine, but at least he's rocking in a 335i

Instant noodles? Damn that's just wrong.

[Zeroday]

Originally Posted by trick50

As far as investments are concerned..If anyone is interested I own a decent position in an oil company, tanker and carrier that pays a pretty handsome yield. They are a good company with solid earnings but what I really love about it is the high dividend which hedges you somewhat against short term market depreciation. In the long run the market is going higher and will always trend higher. It's not the guys that rolls the dice on google for earnings with a naked call that have balls or are the smart investors, it is the guys who can stomache being down 50% in a good company and hold on. The only way to make real money in the market is to buy good companies, with a strong product line/service, that are always putting money back into the company to expand.

It worked for Warren Buffet and it still works. Look at 50 cent. He bought what a piece of Vitamin Water a few years ago bought in for like 7 million or something..When coca cola bought them recently he cashed out with like 700 million.

For those interested the energy company that I own is Frontline Ltd. (NYSE: FRO) it is trading around $42/share paying a 14% dividend.

Also for speaking of credit card companies they are a good place to invest also. Mastercard IPO'd at $39 less than 2 years ago today it is $140 something (NYSE: MA).

Keep your eyes out for VISA they are set to IPO sometime between 10/07 and 4/08 should price around $65 with long term targets north of $200

Surely this man's e-penis is the largest?

[Zeroday]

Wait...your name isn't gordon gecko is it?

[canucklion]

no plural, instant noodle. that hypothetical 18 year old would be too poor to eat a whole pack of instant noodles/day

Originally Posted by Zeroday

Instant noodles? Damn that's just wrong.

[Zeroday]

Anyone know where I can get a handsome yield like Gordon? Anyone?

[trick50]

Originally Posted by Zeroday

Wait...your name isn't gordon gecko is it?

Nah I am just at Bud Fox's level busting my ass to get to Gordo's position. lol

[Zeroday]

Originally Posted by canucklion

no plural, instant noodle. that hypothetical 18 year old would be too poor to eat a whole pack of instant noodles/day

One noodle? Let alone an INSTANT noodle? It's just not right man.

[Zeroday]

Originally Posted by trick50

Nah I am just at Bud Fox's level busting my ass to get to Gordo's position. lol

You do realize that I'm making fun of you right?

[canucklion]

Bud Fox, he said Bud Fox