Oh I believe it. Or people that sign all the papers, make you do all the paperwork on your side... then it does not go through the bank because turns out they don't pay their bills and have horrible credit. Or people that change their mind at the VERY last minute once all the papers are done.
You would hate me even worse because I actually read ALL of the paperwork before I sign a damn thing and with cars these days that is a fuckload of paperwork. "Oh just sign here, here, here, here, here and here" yeah fuck you.
you like that huh?
A good looking young man who is one of the best salesman in the entire country in his industry can't find a GF
madoka
Diamond Member
- Jun 22, 2004
- 4,344
- 712
- 121
On the car I just bought, they sent an entire folder filled with docs and a McLaren pen to sign everything with. I think I had to sign my name over 30 times! It was crazy.
sandorski
No Lifer
- Oct 10, 1999
- 70,808
- 6,362
- 126
You could have half a million in 5 years easily. You just need discipline.
not sure if srs
180K in 5 years = 900K
after taxes, it's basically about 580
you think I'm gonna live on 80K in 5 years?
Mai72
Lifer
- Sep 12, 2012
- 11,562
- 1,742
- 126
I don't know why no one ever brings up real estate. If it's done right, you could make some serious passive income.
1) People are always going to need a place to live. And, with more and more baby boomers leaving their large homes for smaller apartments its a great opportunity.
2) Real estate is tangible and you have control. You can see it, feel it. Hell, you could piss on the property if you wanted. With stocks, it's just numbers that you have little control over. For example, much of it is influenced by the presidents actions. Not that stocks are necessarily bad. They aren't.
3) The tenants end up paying down your mortgage. Like anything new it's going to be difficult, but done right the tenants are paying down the mortgage. I once lived in these back apartments. I payed $700 a month. The guy under me was paying $900 a month. That's $1600 a month that went straight to my landlords mortgage. That was a simple duplex. Imagine investing in a 14 door multi family apartment That's 14 doors that are paying you rent every month. And, since you have a multi family, you don't need to fill every door. You can go with an 80% occupancy and still pay down your mortgage and other bills.
4) The ROI is great! Imagine having a 14 door multi family for a few years. What happens to the rent? Does it decrease or increase? It increases. So, the $700 tenants were paying you in 2018 is now $900-1k in 2025. And, if you did it right the property has increased in value as well, and is now worth well over $1m.
I think most people dislike real estate because it's not sexy. Talking about stocks and crypto is much more appealing. Plus, the thought of cleaning toilets and phone calls at 3am is something most people would rather not think about. And, evicting tenants can be difficult especially in states like California. But, there is a reason why many of the rich invest in real estate.
Check out Grant Cardone. He has over $500 million in real estate. He started in sales at 25. He has put out books like...
*Sell or be sold
*The 10X Rule
*If You're Not First, You're Last
*Be Obsessed or Be Average
Just a thought.
1) People are always going to need a place to live. And, with more and more baby boomers leaving their large homes for smaller apartments its a great opportunity.
2) Real estate is tangible and you have control. You can see it, feel it. Hell, you could piss on the property if you wanted. With stocks, it's just numbers that you have little control over. For example, much of it is influenced by the presidents actions. Not that stocks are necessarily bad. They aren't.
3) The tenants end up paying down your mortgage. Like anything new it's going to be difficult, but done right the tenants are paying down the mortgage. I once lived in these back apartments. I payed $700 a month. The guy under me was paying $900 a month. That's $1600 a month that went straight to my landlords mortgage. That was a simple duplex. Imagine investing in a 14 door multi family apartment That's 14 doors that are paying you rent every month. And, since you have a multi family, you don't need to fill every door. You can go with an 80% occupancy and still pay down your mortgage and other bills.
4) The ROI is great! Imagine having a 14 door multi family for a few years. What happens to the rent? Does it decrease or increase? It increases. So, the $700 tenants were paying you in 2018 is now $900-1k in 2025. And, if you did it right the property has increased in value as well, and is now worth well over $1m.
I think most people dislike real estate because it's not sexy. Talking about stocks and crypto is much more appealing. Plus, the thought of cleaning toilets and phone calls at 3am is something most people would rather not think about. And, evicting tenants can be difficult especially in states like California. But, there is a reason why many of the rich invest in real estate.
Check out Grant Cardone. He has over $500 million in real estate. He started in sales at 25. He has put out books like...
*Sell or be sold
*The 10X Rule
*If You're Not First, You're Last
*Be Obsessed or Be Average
Just a thought.
bradly1101
Diamond Member
Hmmm. In modern society you can make millions from a desktop with a pen or a computer. Why would what one doesn't want to do enter the mind that wants to do?
OutHouse
Lifer
- Jun 5, 2000
- 36,410
- 616
- 126
There is a legit possibility that your next GM will hate your guts and boots you to the curb. Everybody will leave their job at some point.
every GM in the world will leave me - I make the company a ton of money and I do it with excellent customer service surveys - I never get any complaints...
I'm quite good at all parts of the the car biz game
- I close at a high percentage
- I generate a lot of profit per deal
- customers love me and always give great scores on my voice of customer surveys
- I get a lot of previous customer business
Which is why the OP should lower his expenses and learn to live on less. As well as socking as much money away as he can. No job or career path is forever. It is very easy to lose your job due to factors beyond your control.
sandorski
No Lifer
- Oct 10, 1999
- 70,808
- 6,362
- 126
Mai72
Lifer
- Sep 12, 2012
- 11,562
- 1,742
- 126
I believe the average wage is more like $53k a year, and the average per hour is about $26.
Red Squirrel
No Lifer
Actually I hate the fact that most of those type of situations you are pretty much pressured into signing right away. I remember having to sign so many documents when I bought my house. Would have been nice to be able to bring them home to sign at my own leisure so I can actually read them and then bring them back to the realtor. Mind you the realtor did explain everything, as we went along so at least I had a general idea what I was signing for.
Zeze
Lifer
- Mar 4, 2011
- 11,395
- 1,189
- 126
You look shorter than 5 10.nah I'm all about outpost jeans and Jared Lange shirts
look at that handsome devil
Did you come out of Charlies chocolate factory
DigDog
Lifer
- Jun 3, 2011
- 14,706
- 3,033
- 136
average.
"average"
here the most common wage is between 16 to 18k Gbp. the vast majority of people in employment will have this wage, of circa 8Gbp/hour. It can go lower, it can go slightly higher, but already 10/h is high.
Professionals earn more, but most professionals will earn around 30 to 40k per year. The idea that a lawyer could pull in a million a year is dismissed as a fantasy. A "Head Of Development" (i.e. you are a project manager for a company where you develop their software and they retain the entire IP of what you make) starts from 40k.
A registered nurse starts from 13/h, 30% over my salary as completely unskilled generic worker. IBM software developers were at 25k/y. A Google team leader is at 19k/y.
Sure, you can land a job that pays over 50k/y, you can find yourself in a situation that favours you position and lets you earn a large cashflow due to the circumstances, there will always be that plumber guy who is always on call, owns his own company and earns a two grand a week, but this is nowhere near as common here as it is in the US.
If you had 100k saved, that's more than someone from south mexico can save in their entire life. You could take you year's wage and go live in Puerto Escondido for the rest of your life without needing to lift a finger anymore.
"average"
here the most common wage is between 16 to 18k Gbp. the vast majority of people in employment will have this wage, of circa 8Gbp/hour. It can go lower, it can go slightly higher, but already 10/h is high.
Professionals earn more, but most professionals will earn around 30 to 40k per year. The idea that a lawyer could pull in a million a year is dismissed as a fantasy. A "Head Of Development" (i.e. you are a project manager for a company where you develop their software and they retain the entire IP of what you make) starts from 40k.
A registered nurse starts from 13/h, 30% over my salary as completely unskilled generic worker. IBM software developers were at 25k/y. A Google team leader is at 19k/y.
Sure, you can land a job that pays over 50k/y, you can find yourself in a situation that favours you position and lets you earn a large cashflow due to the circumstances, there will always be that plumber guy who is always on call, owns his own company and earns a two grand a week, but this is nowhere near as common here as it is in the US.
If you had 100k saved, that's more than someone from south mexico can save in their entire life. You could take you year's wage and go live in Puerto Escondido for the rest of your life without needing to lift a finger anymore.
PottedMeat
Lifer
- Apr 17, 2002
- 12,363
- 475
- 126
so whos alt account is this
saltynuts?
that consultant guy that posts in off topic about how great he looks and how he can pick up any chick he wants and drop them but doesnt (sorry cant remember name)
conner?
who else?
saltynuts?
that consultant guy that posts in off topic about how great he looks and how he can pick up any chick he wants and drop them but doesnt (sorry cant remember name)
conner?
who else?
brianmanahan
Lifer
- Sep 2, 2006
- 24,638
- 6,016
- 136
The Tesla car sales model is going to destroy the corrupt dealership model. Better start looking for a new career.
When I bought my house I hired a lawyer to review the documents because I knew that it would take me a month of Sundays to not only read but comprehend them. I absolutely positively refuse to sign anything that I, or an agent that is working solely on my behalf, haven't read first. If they don't like it then they can keep whatever they are trying to sell me.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 23K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
-
-
Facebook
Twitter