All my radiology buddies started in the low-to-mid $200's, and they were full employees of the hospitals. Ortho, IR, and any surgical subs (cardiothoracic, neuro, vascular, etc) can beat that easily. Admittedly, I know far less about the income of lawyers.

 

My point was just percentage-wise, the real ballers are mostly business owners. BTW, $200k/year in the O.C. isn't baller status, if you ask me. There are certainly doctors and lawyers that make a ton. There are other professions that can earn a ton as well. I only know a handful of people (know them well) with over $100,000,000 in cash assets (not real estate). They are all business owners.

 

Percentage-wise they're not. Look at the 17 year olds claim to own a "corperashun".

Anyone can be a business owner. All you have to do is file some paperwork to get incorporated. To have the skill, experience, and technical background to run a successful, profitable, and REPUTABLE business is less common.

 

You're not looking at the same piece of information for your percentage.

Percentage of business owners that make a lot of money = small.

Percentage of people that have baller income that are business owners = large.

 

totally disagree. smart people who know how to save and dont make a lot of money would not buy GT-R.

Car is the worst investment ever.

 

That's not always true. I can give you hundreds of examples of that not being the case. A family friend bought 3 cars for $250,000 at the Barret Jackson auction in 2006. In 2007, he sold the cars with higher mileage and no work done for a PROFIT of $150,000.

Certainly this is not true of buying any vehicle, but how many muscle cars have increased in value many times over since they were originally purchased? Nobody knew they would do that.

 

im talking majority.

there's hardly any jap car out there thats collectable

 

Besides Honda's with VTEC!

Seriously, though, the GTR has been a "cult" super car that has never come to America until now. It won't likely appreciate in value, but it's not impossible. For instance, let's say they end production tomorrow and never produce another one in the US again. Who knows. I do get the point of what you said, I was just clarifying that lots of smart people who are good with their money, DO in fact buy cars that ARE a good investment.

 

do you think nissan is stupid enough to end production?
look at the price of all older gtr models

 

Of course I don't think they will end production. I was just saying that you never know. Look at the muscle car example. And the cost of getting a USED R34 in the US was MORE than the new GTR.

 

I think my point was that I do know of some folks who make more than $200k who are employees, without mention or definition of "baller status" attempted on my part.

But why stop at $200k? $500k isn't "baller status" either in the OC or PV or Beverly Hills or anywhere, if one cares to make that assertion/discrimination.

I don't think the top-grossing physician can ever compete with, say, a CEO who can give himself multimillion dollar bonus even in an economic downturn (extreme example, I know), so business is where the money's at, that's for sure.

But then again, most of the physician friends I know didn't go into medicine for money, nor did they make the sacrifice to become "ballers" (unless they were urologists).

 

Corporations work in a funny way. My dad has his own corporation within another real estate company. Of course, he is not a gtr owner but he was looking at them and decided to go with this instead because it is more "adult." It's strange how many ways there are to make money in this world. You just have to have the work ethic and flexibility in your lifestyle to go for it.






the yellow escape next to it is my sister's old car

 

From one perspective, i make 50k a year, bought a brand new Z for 25k (half my income). If i made 150k, could i pay 75k for a car? I know it doesnt work like that....but wouldnt it be nice! I would only pay that for car if i had a house, no debt and made like 500k a year (which is the plan

 

 

You laugh at him, but what's ironic is that his investment's are laughing at your naivety. People do this; hardly any money out of pocket (few k) maybe 10 hours of their time, very little risk and anywhere from 10-30k return typically. The funny thing is an educated person like yourself has no clue! As I was driving today I thought up a saying that typifies the archetypical working class professional; "I'm a blank, I make money for other people!" If you are smart enough to get a PharmD, you should be smart enough to figure out how these people are making 30 k for 10 hours of their time, very minimal risk, and little monetary investment. The bottom line is that you are just paid slightly better than the average wage earner to make money for other people. Some people did become instant billionnaires from CDS and the whole financial system collapse by the way. Enjoy your cubicle.

 

You sound like you think I'm an employee that works as a pharmacist. If this is the case, which it sounds like it is, your entire post can be thrown out. I am not a pharmacist. I started a company 7 years ago and have not been an employee since then. I have more than "slightly better" pay than the average wage earner and I don't make money for other people. I make money for me and my family and I created a residual stream of 1000's of merchant clients in excess of $600,000/year already in addition to the revenue from sales and additional divisions of the company. I don't have a cubicle; I have dozens of cubicles, full of employees working for me. But I did enjoy your ignorant, uninformed and completely inaccurate attempts to scorn me!

My comments were not directed at anyone who sells houses. Obviously, a wise investor or RE agent can make a great living. His posts sounded uneducated, inexperienced, and blatantly misleading. If his goal was to convince us of his baller status, he failed miserably. I was only poking fun at the ridiculous comments he made, not at anyone that invests in real estate as an investment vehicle. My family and I have more real estate investment, building, and management experience than you could hope to acquire in your lifetime.

 

he has his own coperashion.

lulz

 

Obviously my post wasn't targeted at business owners/ investors, but rather the average working class person. What makes you so sure the prior poster isn't successful in real estate investing anyhow? Good for you living off of your family's success. I'd bet I have more formal education than you (MBA/CFA), a higher IQ than you, and will earn more money than you over my lifetime all without mommy and daddy's help. The great thing about RE investing is that it doesn't require a particularly high level of intellectual functioning to be successful. Internet bragging FTL BTW.

 

You quoted my post and talked went on to talk about me being an employee, etc, etc. That is why it seemed to be directed at me. You should be more thoughtful of your posts if you don't want to cause confusion like that.

FYI- I don't have any involvement with my family in MY business. I started it on my own at 19 yrs old and still run it alone. I get advice from my father once in a while and he handles some legal matters as my attorney, but that is it. What I said about our family involvement in real estate was to show you that I don't think real estate is a bad business to be in. I also have a lot of experience, but my money is not from my parents, its from hard work in my own business. I only think that he sounded like an idiot. I never said he wasn't successful. I simply said he hadn't convinced me that he is successful.

Your post is full of fail again.

 

The guy that we refer to in our arguments didn't come across to me as a braggart; he seemed to merely be offering some advice to those stuck in the 9-5 and wanting more out of life. Rather than recognize that, you seemed to just want to make fun of and attack him for whatever reason; hence the nature of my somewhat hostile reply. Anyhow, congratulations on your success based off of working smarter instead of harder. I suppose that, in essence, is what the original poster of this thread really wanted to know anyhow.