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      10-25-2017, 05:44 AM   #67
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      10-25-2017, 06:09 AM   #68
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      10-25-2017, 08:04 AM   #69
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Quote:
Originally Posted by ORIGIN M. View Post
Yeah he is. Most 20 year olds are not make 75-100K right out of college.

It is right around $50K actually.

I was about to say... 75-100k seems pretty high for "most 20 years olds".
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      10-25-2017, 08:19 AM   #70
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Originally Posted by ARKONE View Post
Haha, I guess you're right about the "average" 20-year old.


Average income is $50k; but Engineering and Comp Sci is $60-$65k base. I know a couple of CAT adjusters at age 21 they are clearing $200k in income. That $50k number factors in the idiots that major in Philosophy and History, aka baristas.... pretty harsh to say.. you just called majority of people idiots just because you make more money than them. what a f'ing snob..

Once you factor in a decent school + decent degree, $75k is the minimum. Most of my buddies either went pro, big tech contracts in Cali, or took a exec role in their parents' company.

Those that went pro earned $100k-$800k. Tech guys not counting RSUs pocket around $120k-$180k factoring in relocation and bonuses. Those that took over the businesses:


One took over a metal stamping company, draws a $250k salary

One took over multiple dealerships, draws a $750k salary (also not 21, but like 30 almost)

Last one took over real estate portfolio, draws a $200k salary

So, yes... you're right about the average-20 year old pulling in $50k, but the average 20-year doesn't care abut an M5!
In summary, most of these baller 20 year olds pretty much inherited their bank accounts. that explains my question now. I'm 36, married, 2 kids(in day care $3,000/mo = I could lease a McLaren with this money), brand new house with 4 bedrooms, and 4 cars between me and my wife. I worked my ass off to get myself to where I am now. I thought you guys knew something I didn't know.

*I stated the daycare cost for you 20 year olds that don't have kids yet. Enjoy your life.
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      10-25-2017, 10:07 AM   #71
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Happy belated birthday!
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      10-25-2017, 10:12 AM   #72
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Quote:
Originally Posted by termigni View Post
Quote:
Originally Posted by ORIGIN M. View Post
Yeah he is. Most 20 year olds are not make 75-100K right out of college.

It is right around $50K actually.

I was about to say... 75-100k seems pretty high for "most 20 years olds".
Bingo !

You are absolutely correct.
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      10-25-2017, 10:49 AM   #73
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      10-25-2017, 11:04 AM   #74
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      10-25-2017, 11:13 AM   #75
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      10-25-2017, 05:37 PM   #76
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      10-25-2017, 05:49 PM   #77
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Quote:
Originally Posted by termigni View Post
In summary, most of these baller 20 year olds pretty much inherited their bank accounts. that explains my question now. I'm 36, married, 2 kids(in day care $3,000/mo = I could lease a McLaren with this money), brand new house with 4 bedrooms, and 4 cars between me and my wife. I worked my ass off to get myself to where I am now. I thought you guys knew something I didn't know.

*I stated the daycare cost for you 20 year olds that don't have kids yet. Enjoy your life.
Absolutely not a snob. I respect the hell out of vets, EMTs, firefighters, police, teachers, and tons of other professions where they won't make a lot. I also don't really care for overpaid athletes even though some of them are my friends. They get paid $250k+ to throw a damn baseball. Good for them but they are overpaid.

I went to an expensive private school and my ex was an idiot take on $200k of debt to major in Philosophy in undergrad. She planned on doing a PhD which is another $100k. With a Philosophy PhD she would be teaching and making $40-$50k. Year, that's a stupid move. She could have just as easily gone to a public university, gotten a teaching degree and taught 3rd graders and make the same money with little to no debt. And it wasn't just her, most of her entire group of friends were in the same boat...

Will I inherit my dad's estate? Yeah. I'm his only son. But to say "most of these baller 20 year olds" inherited their bank accounts is a "pretty harsh thing to say. And that makes you a f'ing snob"

If you didn't have kids, you can afford a McLaren and that's the difference. If I had to pick between raising a kid or a Ferrari; I'd take the Ferrari every damn time. If you want to make this a d***-measuring contest on who has more cars/toys or a bigger house... I'll have you beat every time.

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      10-25-2017, 05:59 PM   #78
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      10-25-2017, 11:08 PM   #79
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Quote:
Originally Posted by ARKONE View Post
If you want to make this a d***-measuring contest on who has more cars/toys or a bigger house... I'll have you beat every time.

Congrats, biggest d bag comment I've read in awhile. lol


I spend $3k a month on child care, enjoy these times... when you're old and alone with all them toys you'll regret your life, but you'll have a huge d!ck
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      10-26-2017, 12:47 AM   #80
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Quote:
Originally Posted by ARKONE View Post
Absolutely not a snob. I respect the hell out of vets, EMTs, firefighters, police, teachers, and tons of other professions where they won't make a lot. I also don't really care for overpaid athletes even though some of them are my friends. They get paid $250k+ to throw a damn baseball. Good for them but they are overpaid.

I went to an expensive private school and my ex was an idiot take on $200k of debt to major in Philosophy in undergrad. She planned on doing a PhD which is another $100k. With a Philosophy PhD she would be teaching and making $40-$50k. Year, that's a stupid move. She could have just as easily gone to a public university, gotten a teaching degree and taught 3rd graders and make the same money with little to no debt. And it wasn't just her, most of her entire group of friends were in the same boat...

Will I inherit my dad's estate? Yeah. I'm his only son. But to say "most of these baller 20 year olds" inherited their bank accounts is a "pretty harsh thing to say. And that makes you a f'ing snob"

If you didn't have kids, you can afford a McLaren and that's the difference. If I had to pick between raising a kid or a Ferrari; I'd take the Ferrari every damn time. If you want to make this a d***-measuring contest on who has more cars/toys or a bigger house... I'll have you beat every time.


I read this retort, then I re-read your previous post.

Quote:
Once you factor in a decent school + decent degree, $75k is the minimum. Most of my buddies either went pro, big tech contracts in Cali, or took a exec role in their parents' company.

So I thought actually you were saying most of the people you know came into money or a high salary job. And that doesn't discuss who paid for the education (which would otherwise be several M5's worth of debt).
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      10-26-2017, 08:13 AM   #81
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Quote:
Originally Posted by ARKONE View Post
Absolutely not a snob. I respect the hell out of vets, EMTs, firefighters, police, teachers, and tons of other professions where they won't make a lot. I also don't really care for overpaid athletes even though some of them are my friends. They get paid $250k+ to throw a damn baseball. Good for them but they are overpaid.

I went to an expensive private school and my ex was an idiot take on $200k of debt to major in Philosophy in undergrad. She planned on doing a PhD which is another $100k. With a Philosophy PhD she would be teaching and making $40-$50k. Year, that's a stupid move. She could have just as easily gone to a public university, gotten a teaching degree and taught 3rd graders and make the same money with little to no debt. And it wasn't just her, most of her entire group of friends were in the same boat...

Will I inherit my dad's estate? Yeah. I'm his only son. But to say "most of these baller 20 year olds" inherited their bank accounts is a "pretty harsh thing to say. And that makes you a f'ing snob"

If you didn't have kids, you can afford a McLaren and that's the difference. If I had to pick between raising a kid or a Ferrari; I'd take the Ferrari every damn time. If you want to make this a d***-measuring contest on who has more cars/toys or a bigger house... I'll have you beat every time.

what you just wrote just proved that you are indeed a 20 year old snob. good for you that your daddy will give you everything he got more than I can ever have.

Quote:
Originally Posted by ARKONE View Post
Will I inherit my dad's estate? Yeah. I'm his only son. But to say "most of these baller 20 year olds" inherited their bank accounts is a "pretty harsh thing to say. And that makes you a f'ing snob"
If anyone can summarize, that's what you basically said. not by me, by you.

Quote:
Originally Posted by ARKONE View Post
Haha, I guess you're right about the "average" 20-year old.


Average income is $50k; but Engineering and Comp Sci is $60-$65k base. I know a couple of CAT adjusters at age 21 they are clearing $200k in income. That $50k number factors in the idiots that major in Philosophy and History, aka baristas.... pretty harsh to say.. you just called majority of people idiots just because you make more money than them. what a f'ing snob..

Once you factor in a decent school + decent degree, $75k is the minimum. Most of my buddies either went pro, big tech contracts in Cali, or took a exec role in their parents' company.

Those that went pro earned $100k-$800k. Tech guys not counting RSUs pocket around $120k-$180k factoring in relocation and bonuses. Those that took over the businesses:


One took over a metal stamping company, draws a $250k salary

One took over multiple dealerships, draws a $750k salary (also not 21, but like 30 almost)

Last one took over real estate portfolio, draws a $200k salary

So, yes... you're right about the average-20 year old pulling in $50k, but the average 20-year doesn't care abut an M5!
Anyone who has kids knows how ridiculous daycare costs are. If you thought I was showing off by mentioning it, you are too darn young to understand.


Quote:
Originally Posted by ARKONE View Post
If you didn't have kids, you can afford a McLaren and that's the difference. If I had to pick between raising a kid or a Ferrari; I'd take the Ferrari every damn time. If you want to make this a d***-measuring contest on who has more cars/toys or a bigger house... I'll have you beat every time.
with who's money? your mommy's and daddy's? while trashing talking about all the hard working people and who are in pursuit of what they love instead of their salary count? you young man need to come down your daddy's high horse and have some respect.

by no means I'm making this a d*** measuring contest. I'm 36, I don't have an M5 and I can't afford one yet. Hence why I'm in here asking how do early 20s own M5s. Do you realize what I got is something an average Joe can achieve with years of hardwork and responsibilities? There are many other self made individuals who are easily way well off than I am. On the other hand, owning an M5 in your early 20s is not something an average Joe can do.
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Last edited by termigni; 10-26-2017 at 11:30 AM..
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      10-26-2017, 08:17 AM   #82
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Originally Posted by VoytekM5 View Post
Congrats, biggest d bag comment I've read in awhile. lol


I spend $3k a month on child care, enjoy these times... when you're old and alone with all them toys you'll regret your life, but you'll have a huge d!ck
I appreciate the understanding.
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      10-26-2017, 08:34 AM   #83
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Quote:
Originally Posted by kefler View Post
I read this retort, then I re-read your previous post.




So I thought actually you were saying most of the people you know came into money or a high salary job. And that doesn't discuss who paid for the education (which would otherwise be several M5's worth of debt).
Exactly. He pretty much said it himself that people he knows got their bank accounts handed to them.
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      10-26-2017, 09:22 AM   #84
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      10-26-2017, 09:37 AM   #85
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If you want to make this a d***-measuring contest on who has more cars/toys or a bigger house... I'll have you beat every time.

Including the 328I?
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      10-26-2017, 11:29 AM   #86
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Including the 328I?
it's fully optioned bro.

wait, I just looked at his sig and the M5 is now his "ex". How does one go from F10 M5 to a 328? did he fail a class so his daddy took his M5 back?
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      10-26-2017, 12:56 PM   #87
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Btw I'm 47.
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      10-26-2017, 01:30 PM   #88
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Quote:
Originally Posted by termigni View Post
what you just wrote just proved that you are indeed a 20 year old snob. good for you that your daddy will give you everything he got more than I can ever have.



If anyone can summarize, that's what you basically said. not by me, by you.



Anyone who has kids knows how ridiculous daycare costs are. If you thought I was showing off by mentioning it, you are too darn young to understand.


with who's money? your mommy's and daddy's? while trashing talking about all the hard working people and who are in pursuit of what they love instead of their salary count? you young man need to come down your daddy's high horse and have some respect.

by no means I'm making this a d*** measuring contest. I'm 36, I don't have an M5 and I can't afford one yet. Hence why I'm in here asking how do early 20s own M5s. Do you realize what I got is something an average Joe can achieve with years of hardwork and responsibilities? There are many other self made individuals who are easily way well off than I am. On the other hand, owning an M5 in your early 20s is not something an average Joe can do.
"Trash talking about all the hard working people"? You're the jacka** trash talking 20-something year olds that have jobs. There are multiple guys in their 20's on here that paid for the M5 with their own money. You do realize that the M5 is no longer expensive... You can buy a used one with low miles for $45-$50,000? That's cheaper than a brand new minivan or tahoe.

You asked how do early 20-year olds own M5s... It's because they make $100k+/year and have no family costs. Have you ever looked at the starting salaries offered by companies? If people are willing to get down and dirty, they can NET $140k by being a CAT adjuster, $100k+ as a petroleum engineer, and so on. Instead they want to sit and read ancient useless books about poetry and other useless crap which is why they are unemployable and the only writing they do is my name on a Starbucks cup.

Are you telling me that once you do die, you're not going to hand a single dollar to your kids but instead donate it to charity?


You were the one who decided to have kids and raise them; and they are a financial burden. Some people like myself, don't want kids... because we don't need to have a crotch spawn to validate our self worth.

Hopefully, YOU can grow up and get your head out of your ass and see that there are a ton of college grads that can afford a M5, McLaren, Ferrari, or whatever they want in their 20's.

I can't afford a 458, but I know guys in their mid-20's that have them because they own a tech-startup. Why don't you suck it up and realize that there are plenty of 20-something year olds that are more successful than you or made better financial choices that can afford an M5....


Quote:
Originally Posted by termigni View Post
it's fully optioned bro.

wait, I just looked at his sig and the M5 is now his "ex". How does one go from F10 M5 to a 328? did he fail a class so his daddy took his M5 back?
It's called selling off the car before the depreciation curve. Unlike you I don't need to drive a sedan year-odl because my back seats are empty so I swapped out the m5 for a Z4 and a 328Xi while I wait for the new M5 in April.

I don't even understand why you started this thread... You have never owned or currently own a REAL ///M car....
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