What do you do for a living?

blackm6gc · 10-03-2014, 01:48 PM

Hey guys,

I'm new to the forum and I am loving it so far. I'm studying international business at the moment and get a job that will one day give me the ability to afford an M5. But my question is: what does everybody on the forum do for a living to afford these amazing M5's. I know there was a thread about this already but that was mostly about why the OP shouldn't buy an M5 yet. I don't want to be rude by asking a question like this, im just interested.

Thanks in advance,

Schnell_1 · 10-03-2014, 01:52 PM

pochesq · 10-03-2014, 01:58 PM

I think there was also another thread on this issue. I think you should run a search.

Fantasm · 10-03-2014, 02:09 PM

I suck a lot of D, its hard work.

Stash21 · 10-03-2014, 03:44 PM

I think there are lots if career choices that can get you the required cash to get into a m5.

But the decision on which to enter is bigger than whether you can buy a m5 or not.

RPiM5 · 10-03-2014, 04:57 PM

How many of these threads are we going to have this year?

David 12 · 10-03-2014, 05:03 PM

Can't we give him/her a break - It's a first post!!

ps The other post referenced above had to do with income level, high dollar vehicle purchases, etc.

pss OP - Have you posted the obligatory pictures of your car yet?

PhilT3 · 10-03-2014, 05:45 PM

Enterprise software sales.

WuTang · 10-03-2014, 05:47 PM

Full-time college student. I fund my hobbies from my stock trading profits though.

Mr_M5Guy · 10-03-2014, 06:48 PM

Own small Electrical Design Firm
www.laurycontrols.com

Ex_Stig · 10-03-2014, 07:05 PM

I'm an international arms dealer. Please keep that on the down low.

I dabble in import/export of other substances as well.

Loft23 · 10-03-2014, 07:19 PM

Gigolo for high end female C-level execs. I banged Meg Whitman and paid for my M5.

RPiM5 · 10-03-2014, 08:55 PM

Walmart Cashier.

ezmaass · 10-03-2014, 08:58 PM

As said above, there are many career choices that will lead to a lifestyle where you'll be able to afford high-end cars. The most important thing, though, is to choose a career that you LOVE. When you do something that you love, chances are there's a way to make lots of money while doing it. If you simply choose a career path because you think it'll make you money, you'll burn out quickly. I've met guys like this in my chosen career (which is software BTW) - they burned out and never got very far because they were only going through the motions trying to make money. I, on the other hand, always had a passion for the field - taught myself how to program when I was in middle school, started a software business in high school, paid for much of college with it. After school I joined a large defense contractor and learned a lot about high-end software engineering, started my own company after leaving there, sold it to one of the largest IT companies in the world, and now have an executive job where I no longer develop anything but develop business strategies instead.

But there are multiple paths to wealth, and consequently buying/owning "stuff" - M5 or otherwise. Income from employment is just one of those paths. A wise economics professor once told me, "your income won't make you wealthy - it's what you do with it that does." Which is to say there are plenty of blue collar millionaires out there. These are people who may make a modest income but who have applied their earnings appropriately to make them wealthy - whether investments, starting businesses of their own, or just piling cash away in retirement accounts. Obviously, some of those approaches take much longer than others.

In any case, even in a white collar job with a fat income, true wealth still isn't achieved without investment. There are plenty of upper middle class Americans driving around in luxury cars, but they're funding them through leases and finances, with the payments coming from monthly paychecks. When they lose their job? The faucet turns off, and all of a sudden they're in massive financial trouble.

So, the moral to the story here - pick a career that you love, first and foremost. If it's a "hot" career with high earning potential, even better. But don't just look for something that pays well - that may change tomorrow. Pick something that you love, and then find a way to make it pay! Passion, a willingness to work long and hard hours, and entrepreneurship are key ingredients to turning what you love into a financially successful career. Afterwards, learn how to invest. Don't look at your income as a source for funding toys - look at it as a source for funding investments, with the returns from those investments as sources for funding toys. But essentially compounding investments are going to be the best way to afford lots of nice stuff in life.

Heck, while we're on the topic - a few more thoughts. Don't overspend on stuff that straps your income. Houses are a big drain. Do buy something - I'm an advocate for owning real estate, although there are markets where owning isn't the best decision. But don't overspend. Houses increase, historically, at much lower rates than stocks - at least in most average markets and over lengthy periods of time. If you plan to live in a home (not flip it), it's also not liquid - meaning, it doesn't matter how much it increases on paper until you sell it. But it's tying up your cash that could be invested for higher returns in more liquid assets. Plus, it comes with taxes - and the higher the value of the property, the higher the taxes. Don't get me wrong - I'm not advocating you live in a hovel, but early on in life don't buy more than you need.

Best of luck in your studies - look carefully at what produces the results you seek, and work backwards from there to understand the behavior that yields those results. Don't be overly eager to obtain the "stuff" in life that you feel represents success. There are those who LOOK wealthy because they possess the "stuff" that represents wealth, and there are those who ARE wealthy because they possess... actual wealth. And last... but certainly not least by ANY means... seek happiness over financial wealth if you ever have to make the choice. Money can make your life very comfortable, and I certainly advocate seeking the best financial success you can... but don't compromise on life to do it... including relationships, morals, and general happiness. I've faced a few of those lines in my career, and you just need to always know when to take a step back - because true happiness can't be bought, and once you cross them, it's hard to go back.

gblansten · 10-03-2014, 09:14 PM

I'm in propane sales. But it's just a job to me. If I could spend all of my time with my wife Peggy and my son Bobby I would.

stealth.pilot · 10-03-2014, 09:24 PM

I do human trafficking.

DesertEagle50 · 10-03-2014, 09:35 PM

Professional gambler

RPiM5 · 10-03-2014, 09:36 PM

CEO of Vandelay Industries.

stealth.pilot · 10-03-2014, 09:50 PM

Quote:

Originally Posted by RPiM5

CEO of Vandelay Industries.

Do you supply latex to loft23? I see a synergy there.

RPiM5 · 10-03-2014, 09:53 PM

Quote:

Originally Posted by stealth.pilot

Quote:

Originally Posted by RPiM5

CEO of Vandelay Industries.

Do you supply latex to loft23? I see a synergy there.

Yes he was one of my main customers.

RPiM5 · 10-03-2014, 09:57 PM

Chief of Staff to the POTUS.

Spinny02 · 10-03-2014, 09:57 PM

I dig up rocks from a boat and love every minute of it. ( that's the truth)

10-03-2014, 01:48 PM	#1
blackm6gc Registered 1 Rep 2 Posts Drives: BMW M5 F10 Join Date: Sep 2014 Location: Netherlands iTrader: (0)	What do you do for a living? Hey guys, I'm new to the forum and I am loving it so far. I'm studying international business at the moment and get a job that will one day give me the ability to afford an M5. But my question is: what does everybody on the forum do for a living to afford these amazing M5's. I know there was a thread about this already but that was mostly about why the OP shouldn't buy an M5 yet. I don't want to be rude by asking a question like this, im just interested. Thanks in advance,
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10-03-2014, 01:52 PM	#2
Schnell_1 First Lieutenant 23 Rep 318 Posts Drives: 2013 F13 Join Date: Jan 2014 Location: SoCal iTrader: (0)
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10-03-2014, 01:58 PM	#3
pochesq Lieutenant 48 Rep 434 Posts Drives: 2013 M5 Join Date: Feb 2013 Location: Southern California iTrader: (0)	I think there was also another thread on this issue. I think you should run a search. __________________ Current ///M: '13 F10 M5, Sapphire Black, Eisenmann Race Exhaust, CF Delete, H&R Sport Springs, iND Cosmetics, Escort 9500ix hardwired, 21" Vorsteiner VFF-103 w/Michelin PSS, RKP Front Lip, Challenge Rear Diffuser, M Illuminated Door Projectors, and LCI M Performance Black Grills '15 i3 BEV
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10-03-2014, 02:09 PM	#4
Fantasm Lieutenant 39 Rep 475 Posts Drives: SL63 Join Date: Mar 2009 Location: Orange County, CA iTrader: (2)	I suck a lot of D, its hard work. __________________ NOW: 2011 Ferrari 458, 2014 BMW M5 w/ CompPack, 2014 BMW X1, 2005 BMW M3 with Gintani SC&Meth, 2008 Ducati 1098 BEFORE: 24+ Other Awesome Cars - BYE - My Straight Piped Ferrari 458 (plus other mods): http://goo.gl/2qf5fW Last edited by Fantasm; 10-03-2014 at 07:17 PM..
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10-03-2014, 03:44 PM	#5
Stash21 First Lieutenant 37 Rep 351 Posts Drives: 2019 M5C Join Date: Apr 2013 Location: North Wales. iTrader: (0)	I think there are lots if career choices that can get you the required cash to get into a m5. But the decision on which to enter is bigger than whether you can buy a m5 or not.
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10-03-2014, 04:57 PM	#6
RPiM5 Major General 2873 Rep 7,885 Posts Drives: Black M5 Join Date: Apr 2012 Location: Earth 616 iTrader: (0)	How many of these threads are we going to have this year? __________________
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10-03-2014, 05:03 PM	#7
David 12 Major 127 Rep 1,048 Posts Drives: 2019 BMW X5 50i BSM, M Sport Join Date: Jan 2007 Location: Omaha iTrader: (0)	Can't we give him/her a break - It's a first post!! ps The other post referenced above had to do with income level, high dollar vehicle purchases, etc. pss OP - Have you posted the obligatory pictures of your car yet?
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10-03-2014, 05:45 PM	#8
PhilT3 6'0 / 250lb 137 Rep 1,797 Posts Drives: 2014 M5 Join Date: Feb 2012 Location: NW Philly Suburb iTrader: (0)	Enterprise software sales. __________________ Build: '14 M5 - Space Gray / Full Sakhir Orange / Alum Trace / Black 343's / Exec / Driver Assist / LED Mods: SunTek CXP tint - Vinyl-wrapped door handle chrome - Macht Schnell 12mm spacers - Pedalhaus pedals - iND Cosmetic Package - Polished 90mm exh tips - Coded by v12 - 21" HRE S107's polished lip/black center
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10-03-2014, 05:47 PM	#9
WuTang Private First Class 61 Rep 164 Posts Drives: 2016 M4 DCT Join Date: Dec 2013 Location: Potomac, Maryland iTrader: (0)	Full-time college student. I fund my hobbies from my stock trading profits though. __________________ 2016 F82 M4 DCT Lighting Package, Carbon Fiber Roof, Black 437 M Wheels,
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10-03-2014, 06:48 PM	#10
Mr_M5Guy First Lieutenant 59 Rep 327 Posts Drives: e60 M5 Join Date: Apr 2014 Location: Globe Trecker iTrader: (0)	Own small Electrical Design Firm www.laurycontrols.com
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10-03-2014, 07:05 PM	#11
Ex_Stig Colonel 2594 Rep 2,683 Posts Drives: '24 X7 M60i Join Date: Jan 2014 Location: Scottsdale, AZ iTrader: (0) Garage List 2024 BMW X7 M60 [10.00]	I'm an international arms dealer. Please keep that on the down low. I dabble in import/export of other substances as well. __________________ Ex Stig '25 M5 Touring (on the list, first slot) '24 X7 M60i '22 M5 CS - (sold)
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10-03-2014, 07:19 PM	#12
Loft23 First Lieutenant 63 Rep 301 Posts Drives: 2014 F10 M5 CP Join Date: Dec 2013 Location: San Francisco, CA iTrader: (0)	Gigolo for high end female C-level execs. I banged Meg Whitman and paid for my M5. __________________ 2021 Model S Plaid - Deep Blue Metallic / White / Carbon 2018 Porsche 911 Carrera S (991.2) - Carrara white / Bordeaux black 2014 Comp Pack F10 M5 - Singapore Grey / Sakhir Orange. [SOLD]
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10-03-2014, 08:55 PM	#13
RPiM5 Major General 2873 Rep 7,885 Posts Drives: Black M5 Join Date: Apr 2012 Location: Earth 616 iTrader: (0)	Walmart Cashier. __________________
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10-03-2014, 08:58 PM	#14
ezmaass Lieutenant Colonel 370 Rep 1,698 Posts Drives: '17 650xi GC / '15 Audi R8 V10 Join Date: Oct 2008 Location: CT iTrader: (0)	As said above, there are many career choices that will lead to a lifestyle where you'll be able to afford high-end cars. The most important thing, though, is to choose a career that you LOVE. When you do something that you love, chances are there's a way to make lots of money while doing it. If you simply choose a career path because you think it'll make you money, you'll burn out quickly. I've met guys like this in my chosen career (which is software BTW) - they burned out and never got very far because they were only going through the motions trying to make money. I, on the other hand, always had a passion for the field - taught myself how to program when I was in middle school, started a software business in high school, paid for much of college with it. After school I joined a large defense contractor and learned a lot about high-end software engineering, started my own company after leaving there, sold it to one of the largest IT companies in the world, and now have an executive job where I no longer develop anything but develop business strategies instead. But there are multiple paths to wealth, and consequently buying/owning "stuff" - M5 or otherwise. Income from employment is just one of those paths. A wise economics professor once told me, "your income won't make you wealthy - it's what you do with it that does." Which is to say there are plenty of blue collar millionaires out there. These are people who may make a modest income but who have applied their earnings appropriately to make them wealthy - whether investments, starting businesses of their own, or just piling cash away in retirement accounts. Obviously, some of those approaches take much longer than others. In any case, even in a white collar job with a fat income, true wealth still isn't achieved without investment. There are plenty of upper middle class Americans driving around in luxury cars, but they're funding them through leases and finances, with the payments coming from monthly paychecks. When they lose their job? The faucet turns off, and all of a sudden they're in massive financial trouble. So, the moral to the story here - pick a career that you love, first and foremost. If it's a "hot" career with high earning potential, even better. But don't just look for something that pays well - that may change tomorrow. Pick something that you love, and then find a way to make it pay! Passion, a willingness to work long and hard hours, and entrepreneurship are key ingredients to turning what you love into a financially successful career. Afterwards, learn how to invest. Don't look at your income as a source for funding toys - look at it as a source for funding investments, with the returns from those investments as sources for funding toys. But essentially compounding investments are going to be the best way to afford lots of nice stuff in life. Heck, while we're on the topic - a few more thoughts. Don't overspend on stuff that straps your income. Houses are a big drain. Do buy something - I'm an advocate for owning real estate, although there are markets where owning isn't the best decision. But don't overspend. Houses increase, historically, at much lower rates than stocks - at least in most average markets and over lengthy periods of time. If you plan to live in a home (not flip it), it's also not liquid - meaning, it doesn't matter how much it increases on paper until you sell it. But it's tying up your cash that could be invested for higher returns in more liquid assets. Plus, it comes with taxes - and the higher the value of the property, the higher the taxes. Don't get me wrong - I'm not advocating you live in a hovel, but early on in life don't buy more than you need. Best of luck in your studies - look carefully at what produces the results you seek, and work backwards from there to understand the behavior that yields those results. Don't be overly eager to obtain the "stuff" in life that you feel represents success. There are those who LOOK wealthy because they possess the "stuff" that represents wealth, and there are those who ARE wealthy because they possess... actual wealth. And last... but certainly not least by ANY means... seek happiness over financial wealth if you ever have to make the choice. Money can make your life very comfortable, and I certainly advocate seeking the best financial success you can... but don't compromise on life to do it... including relationships, morals, and general happiness. I've faced a few of those lines in my career, and you just need to always know when to take a step back - because true happiness can't be bought, and once you cross them, it's hard to go back. __________________ 2017 BMW 650xi Gran Coupe \| MSport \| Exec Package \| Driver Assist Plus \| ACC Stop & Go \| Adaptive Drive \| B&O \| Night Vision \| Cold Weather \| Active Seats 2015 Audi R8 V10 \| Brilliant Red on Black \| S-Tronic \| Carbon Sideblades \| Carbon Trim \| Full Leather \| Sport Exhaust \| Illuminated Doorsills \| I-Pod \| Contrast Stitching Previous: '14 550xi, '07 335i, '01 325i
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10-03-2014, 09:14 PM	#15
gblansten Brigadier General 1977 Rep 4,221 Posts Drives: 23 Tesla S Plaid Join Date: Sep 2007 Location: Thick ascending limb iTrader: (0)	I'm in propane sales. But it's just a job to me. If I could spend all of my time with my wife Peggy and my son Bobby I would.
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10-03-2014, 09:24 PM	#16
stealth.pilot Knight Commander 559 Rep 5,948 Posts Drives: 2014 911 Turbo S Join Date: Aug 2010 Location: Buckhead iTrader: (0) Garage List 2014 Porsche 911 Tu ... [10.00] 2015 Mercedes-Benz ... [0.00] 2015 Jaguar F Type R [0.00] 2014 BMW M5 [0.00]	I do human trafficking. __________________ 2022 Mercedes-Benz EQS 580 2020 Mercedes-Benz GLE 450 Ordered: EQS580, BMW IX, Lucid Air Touring, Corvette Stingray
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10-03-2014, 09:35 PM	#17
DesertEagle50 Admiral General 13 Rep 243 Posts Drives: 2013 F10 M5 FB Join Date: Jul 2011 Location: near Los Angeles, CA iTrader: (2) Garage List 2013 BMW M5 F10 [10.00] 2010 BMW M3 E92 [10.00]	Professional gambler __________________ Those who sacrifice luxury for fuel economy deserve neither - Ben Franklin
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10-03-2014, 09:36 PM	#18
RPiM5 Major General 2873 Rep 7,885 Posts Drives: Black M5 Join Date: Apr 2012 Location: Earth 616 iTrader: (0)	CEO of Vandelay Industries. __________________
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10-03-2014, 09:57 PM	#21
RPiM5 Major General 2873 Rep 7,885 Posts Drives: Black M5 Join Date: Apr 2012 Location: Earth 616 iTrader: (0)	Chief of Staff to the POTUS. __________________
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10-03-2014, 09:57 PM	#22
Spinny02 Lieutenant Colonel 124 Rep 1,840 Posts Drives: '14 M5 CP Dinan Stage 2 Join Date: Jun 2013 Location: Houston, Tx iTrader: (2) Garage List 2018 Escalade ESV P ... [0.00] 2014 M5 Dinan S1 [0.00]	I dig up rocks from a boat and love every minute of it. ( that's the truth) Last edited by Spinny02; 10-03-2014 at 10:09 PM..
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