Is $200k enough to be considered BLING BLING?

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  • High Quality
    Confirmed User
    • Feb 2002
    • 5741
    #1

    Is $200k enough to be considered BLING BLING?

    My buddy (not in this biz) is on track to make about 200k in 2004, maybe more and today he tells me he wants to buy a benz.

    He made about 60k in 2003 and I told him it was a bit risky to spend $60k on a car makin only 200k

    Any opinions?

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    • tootie
      Confirmed User
      • Jun 2003
      • 6041
      #2
      Too risky, IMO. Last year I made.. well, I don't want to say exactly, but it was approaching what your friend is on track to make this year. Now things are not so good. Just tell him it's not advisable. You never know what can happen. Sponsors fold, payouts change, new laws, etc. Very unpredictable.

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        Comment

        • buddyjuf
          #3
          too risky
          let him invest it, and buy the car with the money his assets bring him

          then his car will REALLY be worth something

            Comment

            • quiet
              we'll miss you our friend. RIP
              • Sep 2001
              • 25115
              #4
              i'd say it was a very bad move. 200K is jack shit, especially if there is a downturn. and i'm assuming that's before taxes.

              basically, a stupid idea.
              we'll miss you our friend. RIP

                Comment

                • i am a lurker
                  Confirmed User
                  • Mar 2004
                  • 521
                  #5
                  tell him it's ****** rich if he buys a benz now. Especially if he only made 60k last year

                  Invest it, work it so you minimize the tax hit, and buy the benz later when his money is working for him.

                    Comment

                    • herbal logic
                      Confirmed User
                      • Feb 2004
                      • 1172
                      #6
                      hold off for the boat

                        Comment

                        • DrewKole
                          Confirmed User
                          • Jul 2001
                          • 5193
                          #7
                          In cash or what?

                          Put 10-20% down, finance the rest... If his job becomes shit, then sell the car, assuming you got an ok deal on it, he won't lose that much money on it.

                          MB holds value well enough, now a $60k ford... thats another story

                            Comment

                            • Mike-BP
                              Confirmed User
                              • Mar 2003
                              • 1270
                              #8
                              200k is nothing

                              I wouldn't take the risk.
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                                Comment

                                • strobi
                                  Confirmed User
                                  • Nov 2002
                                  • 7383
                                  #9
                                  If he's sure he can hit the 200K for a few years.. sure go for it.

                                    Comment

                                    • Raf1
                                      Too lazy to set a custom title
                                      • Oct 2003
                                      • 12117
                                      #10
                                      that would be pretty stupid. A car like that is not a good investment, and who knows what will happen in 2005. He should take it slow and buy what he is sure he can afford
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                                        Comment

                                        • i am a lurker
                                          Confirmed User
                                          • Mar 2004
                                          • 521
                                          #11
                                          Originally posted by DrewKole
                                          In cash or what?

                                          Put 10-20% down, finance the rest... If his job becomes shit, then sell the car, assuming you got an ok deal on it, he won't lose that much money on it.

                                          that is worse than being ****** rich.

                                          you are not to bright eh?

                                            Comment

                                            • Jdoughs
                                              Confirmed User
                                              • Mar 2004
                                              • 5794
                                              #12
                                              Id tell him yeah man..buy a car..its great for motivation to have a mint toy from your efforts..but not a fuckin benz

                                              Spend 20-30...snag a sweet mini or something..something he can be a hero with when he gives it to his wife next year.

                                              when he buys his benz
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                                                Comment

                                                • Rico
                                                  Confirmed User
                                                  • Feb 2002
                                                  • 1271
                                                  #13
                                                  Try to 200k a month man, then buy the benz.

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                                                    Comment

                                                    • SoundMan
                                                      So Fucking Banned
                                                      • Nov 2003
                                                      • 3471
                                                      #14
                                                      tell him to buy a used benz for 30k ..

                                                        Comment

                                                        • polish_aristocrat
                                                          Too lazy to set a custom title
                                                          • Jul 2002
                                                          • 40377
                                                          #15
                                                          The thread title says "is 200k enough to be considered BLING BLING?" and to answer this question, I would say "yes".
                                                          Sure, people like quiet will disagree, but on the other hand $200k per year is $16k+ per month and the average American earns...what...$3k per month?
                                                          I don't use ICQ anymore.

                                                            Comment

                                                            • DrewKole
                                                              Confirmed User
                                                              • Jul 2001
                                                              • 5193
                                                              #16
                                                              Originally posted by i am a lurker
                                                              that is worse than being ****** rich.

                                                              you are not to bright eh?
                                                              Woot @ anon postings.

                                                              Gotta love the underage surfers who haven't even finished their GED, but love to attempt to flame. =)

                                                                Comment

                                                                • buddyjuf
                                                                  #17
                                                                  Originally posted by polish_aristocrat
                                                                  The thread title says "is 200k enough to be considered BLING BLING?" and to answer this question, I would say "yes".
                                                                  Sure, people like quiet will disagree, but on the other hand $200k per year is $16k+ per month and the average American earns...what...$3k per month?
                                                                  no doubt
                                                                  200k$ is pretty nice bling!

                                                                  but I mean who knows what will happen in the years to come?

                                                                  spending 1/3rd of your money on a car is pretty stupid, it would be MUCH better to invest it somehow and make the money make you even more money, instead of just "throwing it away" like that

                                                                    Comment

                                                                    • cayne
                                                                      My time is coming...
                                                                      • Jan 2004
                                                                      • 7475
                                                                      #18
                                                                      for sure a benz ownz:



                                                                      but it's indeed a very risky thing.
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                                                                        Comment

                                                                        • i am a lurker
                                                                          Confirmed User
                                                                          • Mar 2004
                                                                          • 521
                                                                          #19
                                                                          Originally posted by DrewKole


                                                                          Woot @ anon postings.

                                                                          Gotta love the underage surfers who haven't even finished their GED, but love to attempt to flame. =)
                                                                          get out some paper and a pencil.

                                                                          Calculate the interest payments on a 3 year and a 5 year plan on a 60k vehicle.

                                                                          Now take the amount of interest you calculated, and look at what the car ended up costing you.

                                                                          That interest is an opportunity cost. It could have been making you money elsewhere.

                                                                          But idiots like you can not see the big picture.

                                                                            Comment

                                                                            • High Quality
                                                                              Confirmed User
                                                                              • Feb 2002
                                                                              • 5741
                                                                              #20
                                                                              Yeah, I don't make 200k a year so I can't really help him on this.

                                                                              I know quiet and others here make plenty more than that.

                                                                              I told him I didn't think it was a good idea to buy it but he wants that benz SUV

                                                                              I told him to get a mazda RX8 if he wants something fast, looking good and revolutionary.


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                                                                                Comment

                                                                                • DR_PHIL
                                                                                  Confirmed User
                                                                                  • Oct 2002
                                                                                  • 4099
                                                                                  #21
                                                                                  a waste imo

                                                                                    Comment

                                                                                    • Ar3s
                                                                                      So Fucking Banned
                                                                                      • Feb 2004
                                                                                      • 4307
                                                                                      #22
                                                                                      Originally posted by bdjuf
                                                                                      too risky
                                                                                      let him invest it, and buy the car with the money his assets bring him

                                                                                      then his car will REALLY be worth something
                                                                                      allways hear bdjuf =) his de best!

                                                                                        Comment

                                                                                        • herbal logic
                                                                                          Confirmed User
                                                                                          • Feb 2004
                                                                                          • 1172
                                                                                          #23
                                                                                          true blingers got twin diesel catepillars under the "hood"

                                                                                            Comment

                                                                                            • detoxed
                                                                                              vip member
                                                                                              • Jan 2003
                                                                                              • 17798
                                                                                              #24
                                                                                              I gaurantee the average $60k Benz owner makes less than $200k a year.

                                                                                                Comment

                                                                                                • myjah
                                                                                                  Back in the harbor
                                                                                                  • Sep 2003
                                                                                                  • 11482
                                                                                                  #25
                                                                                                  you only live once...but i recommend he put a chunk into savings or investments first
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                                                                                                    Comment

                                                                                                    • beemk
                                                                                                      CLICK HERE
                                                                                                      • Jan 2002
                                                                                                      • 20829
                                                                                                      #26
                                                                                                      bad idea, he should invest it
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                                                                                                        Comment

                                                                                                        • kimzar
                                                                                                          Confirmed User
                                                                                                          • Mar 2004
                                                                                                          • 1874
                                                                                                          #27
                                                                                                          depends on what kind of biz and if he has any responsabilitys

                                                                                                            Comment

                                                                                                            • Mike-BP
                                                                                                              Confirmed User
                                                                                                              • Mar 2003
                                                                                                              • 1270
                                                                                                              #28
                                                                                                              Originally posted by detoxed
                                                                                                              I gaurantee the average $60k Benz owner makes less than $200k a year.
                                                                                                              yes, but the average benz owner isn't working in the online adult industry - a risky bizz.
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                                                                                                                • AmeliaG
                                                                                                                  Too lazy to set a custom title
                                                                                                                  • Jan 2003
                                                                                                                  • 10668
                                                                                                                  #29
                                                                                                                  How risky getting a car like that would be depends partly on what industry your friend is in. In my opinion, it is good for motivation to sometimes reward yourself. Worst case scenario, your friend enjoys the car now, has to sell it later, and could have had better equity with a less nice ride. Big deal if he gets enough enjoyment out of it.
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                                                                                                                    • 4Pics
                                                                                                                      Confirmed User
                                                                                                                      • Dec 2001
                                                                                                                      • 7952
                                                                                                                      #30
                                                                                                                      get the car! nohahahaha is going to pay cash for it so just put a nice downpayment on it go from there.

                                                                                                                        Comment

                                                                                                                        • fuzebox
                                                                                                                          making it rain
                                                                                                                          • Oct 2003
                                                                                                                          • 22363
                                                                                                                          #31
                                                                                                                          I'd do it

                                                                                                                          What's the risk? There's always ways to make more money, and if the shit gets tough, sell the car.

                                                                                                                            Comment

                                                                                                                            • High Quality
                                                                                                                              Confirmed User
                                                                                                                              • Feb 2002
                                                                                                                              • 5741
                                                                                                                              #32
                                                                                                                              Alright I talked him out of it

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                                                                                                                              Convert your TEEN traffic today @ better than 1:500 guaranteed. ICQ me: 18287590!

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                                                                                                                                • ztik
                                                                                                                                  Confirmed User
                                                                                                                                  • Aug 2001
                                                                                                                                  • 5196
                                                                                                                                  #33
                                                                                                                                  200k a year isn't shit. specialy in our fucked up economy / industry. I would tell him to invest / save it all.
                                                                                                                                  .

                                                                                                                                    Comment

                                                                                                                                    • acctman
                                                                                                                                      Confirmed User
                                                                                                                                      • Oct 2003
                                                                                                                                      • 2840
                                                                                                                                      #34
                                                                                                                                      i like BMWs =)

                                                                                                                                        Comment

                                                                                                                                        • rounders
                                                                                                                                          Confirmed User
                                                                                                                                          • Sep 2003
                                                                                                                                          • 2931
                                                                                                                                          #35
                                                                                                                                          BMWs are the shit!
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                                                                                                                                            Comment

                                                                                                                                            • BigVlad
                                                                                                                                              Confirmed User
                                                                                                                                              • Mar 2004
                                                                                                                                              • 703
                                                                                                                                              #36
                                                                                                                                              $200m year , it's the real bling bling

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                                                                                                                                                • m00d
                                                                                                                                                  So Fucking Banned
                                                                                                                                                  • May 2002
                                                                                                                                                  • 3129
                                                                                                                                                  #37
                                                                                                                                                  will he be making $200k in a field that is solid for the next 10 years?

                                                                                                                                                    Comment

                                                                                                                                                    • Za Ha
                                                                                                                                                      Confirmed User
                                                                                                                                                      • Oct 2001
                                                                                                                                                      • 5112
                                                                                                                                                      #38
                                                                                                                                                      Put down like $20k and lease the rest.
                                                                                                                                                      You can hahahahaha off a bit of the lease as well.

                                                                                                                                                        Comment

                                                                                                                                                        • bigdog
                                                                                                                                                          Confirmed User
                                                                                                                                                          • Jul 2001
                                                                                                                                                          • 6964
                                                                                                                                                          #39
                                                                                                                                                          This thread is funny, there a lot of people who make less and are driving a benz,if he finaces it and his biz is solid why not

                                                                                                                                                            Comment

                                                                                                                                                            • freeones
                                                                                                                                                              Confirmed User
                                                                                                                                                              • Jul 2001
                                                                                                                                                              • 3406
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by bigdog
                                                                                                                                                              This thread is funny, there a lot of people who make less and are driving a benz,if he finaces it and his biz is solid why not
                                                                                                                                                              the point is that this guy even didn't make his 200k yet. First earn then you can spend some of it. Assuming he has to pay 1/3 taxes the car costs 1/2 of his net profit. Depending on his current financial situation he can buy it. However if he doesn't have any other buffers I would recommend not to buy it yet (maybe the yeard after this one). Driving a car cost money too (even if you don't drive it!). my

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                                                                                                                                                                • quiet
                                                                                                                                                                  we'll miss you our friend. RIP
                                                                                                                                                                  • Sep 2001
                                                                                                                                                                  • 25115
                                                                                                                                                                  #41
                                                                                                                                                                  Originally posted by bigdog
                                                                                                                                                                  This thread is funny, there a lot of people who make less and are driving a benz,if he finaces it and his biz is solid why not
                                                                                                                                                                  are you doing the same thing?
                                                                                                                                                                  we'll miss you our friend. RIP

                                                                                                                                                                    Comment

                                                                                                                                                                    • The Alibi
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • May 2003
                                                                                                                                                                      • 332
                                                                                                                                                                      #42
                                                                                                                                                                      Why buy a flashy car to impress people you don't know? Money is finite, and while you don't necessarily need money to make money, it makes it a hell of a lot easier to make more. He's only limiting himself by not investing that money.

                                                                                                                                                                      Yeah, and the words "****** rich" come to mind too.

                                                                                                                                                                        Comment

                                                                                                                                                                        • boneprone
                                                                                                                                                                          Hall Of Fame
                                                                                                                                                                          • Jan 2001
                                                                                                                                                                          • 34415
                                                                                                                                                                          #43
                                                                                                                                                                          kids

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                                                                                                                                                                            • Liberty
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Mar 2004
                                                                                                                                                                              • 123
                                                                                                                                                                              #44
                                                                                                                                                                              Originally posted by herbal logic
                                                                                                                                                                              true blingers got twin diesel catepillars under the "hood"
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                                                                                                                                                                              .

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                                                                                                                                                                                • scoreman
                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                  • Nov 2001
                                                                                                                                                                                  • 1491
                                                                                                                                                                                  #45
                                                                                                                                                                                  You really havent told us enough to make a good evaluation. Assuming he lives in the USA, some questions like these come to mind:
                                                                                                                                                                                  --What is his debt level?
                                                                                                                                                                                  --Does he currently own a home or rent?
                                                                                                                                                                                  --Does he have any investments?
                                                                                                                                                                                  --Does his job have a retirement acct like a 401k? If so is he fully funding it?
                                                                                                                                                                                  --How stable is his job?
                                                                                                                                                                                  --Did he fund his IRA this year?
                                                                                                                                                                                  --Does he have dependents?
                                                                                                                                                                                  --Is he married?
                                                                                                                                                                                  --What is his current cash reserve level?
                                                                                                                                                                                  --Is he buying the car new or used?
                                                                                                                                                                                  --Is he paying all cash or financing?
                                                                                                                                                                                  --What are the terms of the financing?
                                                                                                                                                                                  etc etc

                                                                                                                                                                                  In general, cars are not investments. They depreciate, they have a relatively short life expectancy and they are really expensive. If, however, your friend has many assets, stable employment and has funded high return opportunites like 401ks, IRAs etc, then why not spend some on a vehicle? Personal wealth is not just about net worth, it has alot to do with happiness.

                                                                                                                                                                                  If, however, your friend rents, carries credit card debt and has not put dollar one into retirement accounts, then blowing all that dough on a Benz would be an exceptionally poor decision.
                                                                                                                                                                                  Last edited by scoreman; 04-07-2004, 06:10 AM.

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • Trax
                                                                                                                                                                                      [----------------------]
                                                                                                                                                                                      • Aug 2001
                                                                                                                                                                                      • 14486
                                                                                                                                                                                      #46
                                                                                                                                                                                      i dont think its a good idea either
                                                                                                                                                                                      capitalism doesnt work with reinvesting the money made

                                                                                                                                                                                        Comment

                                                                                                                                                                                        • Brujah
                                                                                                                                                                                          Beer Money Baron
                                                                                                                                                                                          • Jan 2001
                                                                                                                                                                                          • 22157
                                                                                                                                                                                          #47
                                                                                                                                                                                          Originally posted by Mike-BP

                                                                                                                                                                                          yes, but the average benz owner isn't working in the online adult industry - a risky bizz.
                                                                                                                                                                                          Neither was his friend.

                                                                                                                                                                                          Tell him get the car man.. I know lots of people with $50k and $60k cars that make 1/2 what he does.

                                                                                                                                                                                            Comment

                                                                                                                                                                                            • Axeman
                                                                                                                                                                                              Confirmed User
                                                                                                                                                                                              • Feb 2004
                                                                                                                                                                                              • 5201
                                                                                                                                                                                              #48
                                                                                                                                                                                              I would say risky for sure. Bank some of that pay increase and build up a good retiremrent portfolio before you go showing off your cash. Could bite you in the ass.

                                                                                                                                                                                              - Brent
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                                                                                                                                                                                                • Minte
                                                                                                                                                                                                  Babemeister
                                                                                                                                                                                                  • Jun 2001
                                                                                                                                                                                                  • 7081
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  Make your first million,then get the car you want.
                                                                                                                                                                                                  200k isn't bling..it's barely upper middle class
                                                                                                                                                                                                  You might not be as anonymous as you think you are.

                                                                                                                                                                                                    Comment

                                                                                                                                                                                                    • blazin
                                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                                      • Aug 2002
                                                                                                                                                                                                      • 2781
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      Better off buying property
                                                                                                                                                                                                      I don't endorse a god damn thing......

                                                                                                                                                                                                        Comment

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