Author Topic: The Scottsdale, AZ rich boys "work forever" club  (Read 3728 times)

OutBy40

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The Scottsdale, AZ rich boys "work forever" club
« on: December 04, 2014, 02:48:50 PM »
My in-laws live in Scottsdale, AZ, and every time I go up there, I see more Porsches, Lamborghinis and Ferraris than I had seen over the first 20 years of my life, combined.  It's funny because at one point in my life I envied having those nice, expensive cars.  But now, at the ripe old age of 33, I know that the lifestyle that they've created for themselves will probably send them into work for a good long time to pay off all that crap that they buy, year after year after year.

Now, I look at those cars and think to myself, "Delayed retirement, how sad".

stevedoug

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Re: The Scottsdale, AZ rich boys "work forever" club
« Reply #1 on: December 04, 2014, 03:09:23 PM »
Buying, operating, owning, and selling even an inexpensive (by comparison) Ferrari is exhausting.

A writer on Jalopnik has some great stories: http://dougdemuro.kinja.com/

I am a car nut, and owning a car (even a reliable one) is a pain. It is an added job. When it is a Ferrari (unless you pay a large group of people to do everything for you) its a much bigger pain. Dealing with dealership appointments, lengthy repairs, attention all the time, avoiding potholes, driving in areas without speedbumps.... I would never do even if I was a billionaire. The vehicle runs your life.

Now if I was a billionaire a mint 1969 Buick Sport Wagon is a different story...

OutBy40

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Re: The Scottsdale, AZ rich boys "work forever" club
« Reply #2 on: December 04, 2014, 03:15:56 PM »
Buying, operating, owning, and selling even an inexpensive (by comparison) Ferrari is exhausting.

A writer on Jalopnik has some great stories: http://dougdemuro.kinja.com/

I am a car nut, and owning a car (even a reliable one) is a pain. It is an added job. When it is a Ferrari (unless you pay a large group of people to do everything for you) its a much bigger pain. Dealing with dealership appointments, lengthy repairs, attention all the time, avoiding potholes, driving in areas without speedbumps.... I would never do even if I was a billionaire. The vehicle runs your life.

Now if I was a billionaire a mint 1969 Buick Sport Wagon is a different story...

Hah, nice source.  Video on this page had me lol'ing.

http://dougdemuro.kinja.com/here-are-the-biggest-drawbacks-of-owning-an-exotic-car-1580272024

Numbers Man

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Re: The Scottsdale, AZ rich boys "work forever" club
« Reply #3 on: December 04, 2014, 03:38:36 PM »
I'm pretty sure that the people with those exotic cars in Scottsdale, AZ can definitely afford it while still be comfortably retired. There are many celebrities that live there. But those of us that live in Scottsdale are used to the Scottsdale envy from other folks.

gimp

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Re: The Scottsdale, AZ rich boys "work forever" club
« Reply #4 on: December 04, 2014, 03:51:08 PM »
I'm actually looking at an '85 ferrari. I would only get it once I was confident that I could do 95% of the mechanical work myself. If you rely on other people to do any work for you on one of those cars, it's a huge hassle and expense. If you do it yourself, the 308 is mechanically shockingly simple. It won't be my first project car; that'll be older and muscle-r. I want to treat it like a hobby and am willing to pay for it... I think.

But I do hear what you're saying about possessions owning you. I'd need to figure out the right balance of enjoying the hobby and not letting it consume me.

If a hundred-millionaire wants to drive a $300k supercar, who gives a shit. They're basically funding R&D for things that will eventually go into normal-people-cars for you and me. And then 30 years later I'll buy their car for a pittance. Everyone wins!

OutBy40

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Re: The Scottsdale, AZ rich boys "work forever" club
« Reply #5 on: December 04, 2014, 03:58:29 PM »
I'm pretty sure that the people with those exotic cars in Scottsdale, AZ can definitely afford it while still be comfortably retired. There are many celebrities that live there. But those of us that live in Scottsdale are used to the Scottsdale envy from other folks.

It's the "while still being comfortably retired" part that I'm not so sure about.  Their income can support the car, but can their lifestyle support retirement?  In some cases, sure.  If you're driving around in a Ferrari, then your lifestyle is probably fairly lavish. Lifestyle is what lets people retire, not income.

fartface

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Re: The Scottsdale, AZ rich boys "work forever" club
« Reply #6 on: December 04, 2014, 05:52:39 PM »
I'm pretty sure that the people with those exotic cars in Scottsdale, AZ can definitely afford it while still be comfortably retired. There are many celebrities that live there. But those of us that live in Scottsdale are used to the Scottsdale envy from other folks.

Yeah - we need more info.

My husband's friend thinks he's the SH!T. Guy lives in a 1.2 million dollar home with his wife and 2 kids. They own a Porsche, BMW (SUV), and he's got a Mazeratti. Works like a dog 60+ hours/week and travels 300+ days/year. BRAVO.

Guy never talks about retirement because I think it's still 30 years away for him.

Meanwhile, my husband drives a 10 year old mini-van with a duct-taped bumper. Answers to nobody but himself b/c he FIRE'd at age 43 about 18 months ago.

Today he replaced a toilet seat in my bathroom and made us sloppy joes for supper. Right now he is sitting on the couch like a boss - playing a game on his Moto G.

 I think his buddy is in some smelly airport as we speak waiting for the next TSA security checkpoint probably playing on an iPhone six with a miserable look upon his face and starbucks in his grip --  thousands of miles from his million dollar McMansion and children.

WildJager

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Re: The Scottsdale, AZ rich boys "work forever" club
« Reply #7 on: December 04, 2014, 06:57:39 PM »
I'm pretty sure that the people with those exotic cars in Scottsdale, AZ can definitely afford it while still be comfortably retired. There are many celebrities that live there. But those of us that live in Scottsdale are used to the Scottsdale envy from other folks.

Yeah - we need more info.

My husband's friend thinks he's the SH!T. Guy lives in a 1.2 million dollar home with his wife and 2 kids. They own a Porsche, BMW (SUV), and he's got a Mazeratti. Works like a dog 60+ hours/week and travels 300+ days/year. BRAVO.

Guy never talks about retirement because I think it's still 30 years away for him.

Meanwhile, my husband drives a 10 year old mini-van with a duct-taped bumper. Answers to nobody but himself b/c he FIRE'd at age 43 about 18 months ago.

Today he replaced a toilet seat in my bathroom and made us sloppy joes for supper. Right now he is sitting on the couch like a boss - playing a game on his Moto G.

 I think his buddy is in some smelly airport as we speak waiting for the next TSA security checkpoint probably playing on an iPhone six with a miserable look upon his face and starbucks in his grip --  thousands of miles from his million dollar McMansion and children.

Eh, that seems a bit passive aggressive.  Live and let live and all that.

I understand escaping the rat race if that brings tranquility to your life.  More power to you.  Putting others down because they have different aspirations isn't really something to aspire to.  Enjoy your life.  Let the Mazeratti driver enjoy his.  To each his own.  Life is not about winning.

If you really want to put it into perspective, I personally think spending money and driving nice cars is a waste of time.  I also think sitting on a couch and playing on a Moto G is a waste of time.  Wasting time is necessary to conserve energy and build resilience in people, and everyone does it in their own way.