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11-14-2011, 08:07 PM | #90 | |
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I have heard just about everything and will not take another look at this thread! |
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11-14-2011, 09:06 PM | #91 | |
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How's this: Poor=bottom 20% Lower Middle=20-40th percentile Middle=40-60th percentile Upper Middle=60-80th percentile Upper=80th percentile and up I agree it is all a matter of definition, but how can you call the 99th percentile "upper middle class"?
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11-14-2011, 09:37 PM | #92 |
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If I was making that, I would never drive a m3 again except for on the track...weeiirddd I know
The 997 turbo would be the daily. e46 m3 with s85 swap would be the track In the words of Wayne, " I walk up the club, f*ck everybody". Get that dream like I bought my e46 m3 dream at age of 22
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11-14-2011, 09:55 PM | #93 | |
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11-14-2011, 10:44 PM | #94 |
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I'm actually in the upper middle class, and I date super models O_o
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11-15-2011, 06:53 AM | #95 | |
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Last edited by erio; 11-15-2011 at 07:09 AM.. |
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11-15-2011, 07:01 AM | #96 | |
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11-15-2011, 08:34 AM | #97 |
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With rising tuition and therefore higher and higher student loans, coupled with a poor housing market with a poor economy, the average net worth for many professionals especially those on the younger side, say less than 45 or so, may likely have a low or negative net worth since your net worth is largely from your equity in a home plus investments minus debt. It's all relative, of course making 250k will allow you to catch up much faster than making 50k, but still takes time, discipline and maybe a little luck.
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11-15-2011, 11:32 AM | #98 |
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I think to truly be "rich" you shouldn't need to rely on "income" form a 'job' at all
To be, to be "rich' means to be financially secure and established to a point where even if you didn't work another day in your life, you could still maintain a similar lifestyle. This can really only be achieved through residual income, be it from real estate, dividends, businesses, etc. Or you just won the lottery This is just my personal opinion, doesn't have to fit your opinion/idea
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11-15-2011, 06:16 PM | #99 | |
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The problem is that you can't really lump the "top 1%" together. Here's why: Example: 20th percentile=$20,000 99th percentile=$350,000 This is a factor of 17.5 over 79 percent of the population. The top 1%, however spans over a factor of 1000, if you take $350,000 as the bottom and $350,000,000 as the top (which is still a very conservative top number) The top of the top 1% is in a far, far, far different place than the bottom of the top 1%.
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--Former BMW M3 owner Last edited by LarThaL; 11-16-2011 at 02:41 PM.. |
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11-15-2011, 06:51 PM | #100 |
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Use this calculator to figure out what percent you are in in terms of income.
http://blogs.wsj.com/economics/2011/...rcent-are-you/ $250,000 annual income is higher than 96% of US households. To be in the top 1%, income has to be greater than $500,000. |
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11-16-2011, 02:23 AM | #101 |
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As in the case with most of the world
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11-16-2011, 11:00 AM | #102 | |
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11-16-2011, 02:08 PM | #104 |
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i call BS to the OP.
no SA will turn you down in this economy as long as your bank doesn't turn you down. Also if i was 34, and KNEW i was a potential buyer of a new car, i would've never let the SA look down on me like that.
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11-16-2011, 02:59 PM | #105 |
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Heres is my take on this...
1. Credit.... 2. Money.... 3........ if both are good or if even just 2 is good TRUST ME... THEY WONT CARE AND WILL SELL YOU THAT IN A HEART BEAT.... ... lol...
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11-16-2011, 04:38 PM | #106 |
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Just be grateful you got away before you made a mistake. Nothing worse than waking up during the night after you've bought too much car, and thinking to yourself "**** what did I just do!!!". Been there, done that (many years ago).
And others have pointed out, income level is actually meaningless. Net income is what matters, and if you are burdened by excessive debt, children, wives, ex-wives, etc, $250k/year can disappear in a hurry. Also... For the same price as that P-car you can have an M3 AND a GT-R... Think about it. It's a great combo. |
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11-16-2011, 04:55 PM | #107 |
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That is a great point.
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11-16-2011, 07:28 PM | #108 | |
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Get off the guy's nuts, guys. I used to be a car salesman and had this talk with people numerous times. I didn't want to embarrass them by giving them a hit on their credit, or just showing them a potential car payment that's potentially too much for them. Most people respected it. It was when I went through the process, i.e., running credit, checking finances, etc., that they'd get pissed off when they just took the car for a drive, got all excited about it, only to tell them that it wouldn't happen... I say, whether your finances are in order, this was a nicer client adviser. He has balls, but that's because he's probably been in the game long enough to not be afraid of them. So consider yourself lucky he gave you credible and honest information up front.
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11-19-2011, 11:46 AM | #109 | |
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11-19-2011, 12:31 PM | #110 |
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All I can say is its my money and my life. I am not going to let some stranger tell me what is right or wrong. I go to the car store to buy a car and then leave with said car, end of story......Steve
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