Throwing money around like its water!
02-13-2006, 04:37 PM
#21
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Re: Throwing money around like its water!
People with money see the world differently than most, they work for it, have it, and if they can spend it, why not.
I might complian how someone drinks expensive scotch, high dollar beer, put blowers on motors to go a few miles an hour faster, wear high cost shoes instead onf ones from Wal Mart, get a $15 burger at a nice joint instead of a $4 one at Hardees. We all have our excesses.
I think the question to ask is not "why do they spend it like that", but instead "how did they get it to spend".
When I see people blowing money like that I do not think they are screwing up, I know I am screwing up because I can't!
I might complian how someone drinks expensive scotch, high dollar beer, put blowers on motors to go a few miles an hour faster, wear high cost shoes instead onf ones from Wal Mart, get a $15 burger at a nice joint instead of a $4 one at Hardees. We all have our excesses.
I think the question to ask is not "why do they spend it like that", but instead "how did they get it to spend".
When I see people blowing money like that I do not think they are screwing up, I know I am screwing up because I can't!
02-13-2006, 04:47 PM
#22
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Re: Throwing money around like its water!
In Florida you see this kind of stuff all the time where someone has a boat most of us would love to have (Top Gun, OL, etc.) and they don't take care of it because it's just a throwaway toy to them. On top of that they have a $10m house, a few Ferraris, and a 65' Hatteras that they never use. It's all relative, I have a bunch of crap in my garage that I don't use. I own two snowmobiles and I live in Florida, figure that one out, I haven't. Stormrider said it right, if you make $30-50m , who cares. I would.
02-13-2006, 04:48 PM
#23
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Re: Throwing money around like its water!
I noticed the same thing with large yachts.........big bucks new
and for sale as soon as completed, sometimes during build.
So I asked someone the same question and was told these things
take years to sell. Why wait till you're done with it then wait those
years. Put it for sale and use it in the mean time.
We all look at the guy with more and ask why, meanwhile someone
else is probably questioning our decisions. Lets face it its their money
and if it's ok with them, then so be it.
and for sale as soon as completed, sometimes during build.
So I asked someone the same question and was told these things
take years to sell. Why wait till you're done with it then wait those
years. Put it for sale and use it in the mean time.
We all look at the guy with more and ask why, meanwhile someone
else is probably questioning our decisions. Lets face it its their money
and if it's ok with them, then so be it.
02-13-2006, 04:59 PM
#24
Geronimo36
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Re: Throwing money around like its water!
Originally Posted by BigDadys93x
Look at the "Man of Steel" boat . That was the hottest boat going then it went up for sale. The boat didnt sell right away now the paint is stripped and the motors are out of it to try and dump it for less money. If i was the guy who put my long hours into painting it or building those monster motors I would be pissed to see something like that go to hell like that.
02-13-2006, 05:27 PM
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Re: Throwing money around like its water!
Originally Posted by ANDREW REALTOR
$15 burger in new york theres 1 for $28
A guy can always look back and say he was "owner" of "MegaSuperKiloVCatRecordBoat."
But the paperwork will say "Bob's Contracting."
Or "Bob's Chevrolet/Hummer."
Many people are in businesses that can justify the hot boat of the month as a business investment. Even outside of Marine.
Rare is the individual who will put this kind of bread out for personal jollies with no other promotional value. Just an expense. No value add.
I will never be this guy... because I will never make that kind of coin. But I have to study this guy for my work. I have to know what he will spend and what his capacity is. (will vs. can)
And I would walk past the guy who is displaying wealth any day to go speak with a person who is attaining wealth.
The guy who I want to talk to bought income producing assets all his life and wants to help sick kids.
Income producing assets.
Not liabilities.
You betcha that if a truly wealthy dude has one of these exotic boats.... it's because it is somehow an income producing asset or he is one die hard boat junkie.
Either way.... I'm playing the odds on the old boring dude in the 15 year old car who never owned a Rolex. But somehow accumulated 100 rental units and millions in cash. I'm talking about wealth. Not cash flow.
02-13-2006, 05:34 PM
#27
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Re: Throwing money around like its water!
Originally Posted by dreamer
these people dont do loans... they just wire transfer 
02-13-2006, 05:50 PM
#28
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Re: Throwing money around like its water!
It's all relative, when you are their level it's not a big deal. At my level i sold my 04 Kachina 30 that I paid 73K for for 62 and change a year later only to turn around and buy my 34 but I needed the 34 because after 1 time in the Pacific with my 30 I knew I didn't have enough boat. As far as the Speedracer boat goes I dont believe 1.2 mil changed hands but whatever it doesn't really matter either way now does it.
02-13-2006, 05:56 PM
#29
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Re: Throwing money around like its water!
Originally Posted by Edward R. Cozzi
They don't count their money, they WEIGH it!
so imagine if they made 100 million or 200 million a year.
some people just don't care it's just money
