[Zeroday]

i make eleventy billion dollars after taxes.

[niftyhawk]

100K for a nurse?? Is that possible?

[Zeroday]

Originally Posted by trick50

I am 27 my wife is 26 joint income is over 200k. I am a stockbroker she is a nurse

Someone deserves a cookie.

And a lesson in class.

[MI6]

Originally Posted by dmboone25

There have been at least 20 other threads that are similar to this. Sigh--I agree, does it really matter? And how the hell do you know what's real and what's bullshit? You don't--which makes questions like these on the internet so worthless.

I make 5 million a year and play baseball for the Yankees and football for the Colts.

My E92 is my junker.

And you would be?????

[tjnptel1]

Originally Posted by dmboone25

There have been at least 20 other threads that are similar to this. Sigh--I agree, does it really matter? And how the hell do you know what's real and what's bullshit? You don't--which makes questions like these on the internet so worthless.

I make 5 million a year and play baseball for the Yankees and football for the Colts.
My E92 is my junker.

you are under paid.

[tjnptel1]

Originally Posted by niftyhawk

100K for a nurse?? Is that possible?

yeah, if you are donald trump's nurse?

[AndrewAZ]

Originally Posted by Cornhusker

I'm assuming these figures come from those who lease their cars or buy using bmw financing, otherwise they couldn't get such detailed info. My point it that it's leaving out the bmw owners who pay cash. Which could throw it off quite a bit. My SA said around 10% pay cash, even if it's 3%, it could change things dramatically.

Generally people who pay cash do so not because their stupid but because it's not worth their time to worry about making car payments. If you have 1 million cash for example, would you still lease? Just an observation FWIW.

I've found people with a considerable amount of money are all about saving time and convenience.

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.

[niftyhawk]

Originally Posted by tjnptel1

yeah, if you are donald trump's nurse?

lol.. that's what I thought.. haha

[AndrewAZ]

Originally Posted by niftyhawk

100K for a nurse?? Is that possible?

Well on average a nurse makes about $25 an hour.

Most work overtime and lets say 50 hours a week. $1,250 a week. Times 51 weeks a year? $63,750. I know a few of the people who work under my dad make $50 an hour which is $127k a year, but then again you have to pay taxes and they work all night when no one else wants to.

[dmboone25]

Originally Posted by tjnptel1

you are under paid.

I should have been more clear--that is from EACH team.

And since I ride the pine, you wouldn't know me.

[LEDZEP]

Originally Posted by Gort

2,100,000 Quargots per Secton

Robot Alien

Brown noser! I'm only pulling down about 1,800,000 Quargots, and I do twice the work you do.

Imperious Leader always did like you best. :mad:

[///McRae]

Originally Posted by Revlis

Hey Everybody, lets turn this into yet ANOTHER Lets measure our Imaginary Incomes Thread!!!

+1

[Gort]

Originally Posted by LEDZEP

Brown noser! I'm only pulling down about 1,800,000 Quargots, and I do twice the work you do.

Imperious Leader always did like you best. :mad:

He says to tell you....get back to work.

[LEDZEP]

Originally Posted by Gort

He says to tell you....get back to work.

Damn you Smithers!!

[murellus]

i toil endlessly on a submarine to get paid money that was collected by taxation, yet only to pay taxes myself. what is the purpose of this thread? you wouldve been better off by asking people to scan their 1040's and post those.

[LEDZEP]

Originally Posted by murellus

i toil endlessly on a submarine to get paid money that was collected by taxation, yet only to pay taxes myself. what is the purpose of this thread? you wouldve been better off by asking people to scan their 1040's and post those.

So in a sense, you are laundering money for the US Treasury.

[Cornhusker]

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.

The fact is that you are absolutely correct at a conceptual level. Financially it doesn't make sense to buy due mainly to tax advantages as a business owner.

But people don't always do things based on what makes the most sense financially. I know over 100 millionares because of a club I'm in, all I'm saying is that you would be very surprised how many of them pay cash for cars simply because when you make, say 500.00/hour, would you want to spend your time negotiating small time car deals, or fight the big fights? Let alone spending dime making payments. Cash is easier and simple, that's why they do it. It's not a number crunching game for the super rich, it's a question of what battles do they want to spend their time fighting.

This is only MY experienence. And I find it interesting, that's all. Not a big deal.

[murellus]

buy outright on amex. 1.5% cash back on purchases.

[LI E90]

Originally Posted by niftyhawk

100K for a nurse?? Is that possible?

Yes an RN in NY can make six figures easily

[urbanite]

I keep hoping that I can be one of those people here who say "my daddy bought me this car!" I'm 46 and he's 80 now ....

But the old bugger just keeps hanging on. Some day soon though, I'll have a 5 series!

[GS833]

One million dollars!!!

I wish!!

[ATG]

Originally Posted by AndrewAZ

I know several people with BMW and Mercedes and various other expensive cars and they all live pay check to pay check.

And I know people who earn $150k plus a year and drive 10-year old hondas and toyotas. Performance/luxury cars is an addiction, so the income level does not play a major role here.