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@Envision I knew it was the right time when the monthly payment wouldn't alter my investment ability at all. It is also the right time knowing that I could own it for 1-2 years and still likely break even when selling it (aside from any maintenance/interest pmt).
Damn! FN Congrats man!! Marked NOTABLE for accomplishing a big goal!
I owned my first Lambo for a couple of years and the NET loss on the buy to sell was only like $8,000. Of course there is maintenance and stuff, but damn, sometimes you have to look at these things from start to finish... not what it costs initially.
@MJ DeMarco - So true, MJ! Just like in real estate (or business acquisition)... with used cars - you "make your money" (or protect your downside) when you buy; not when you sell!
I was just having one of those less good days, came to the forum, opened this thread and I swear it gave me a kick of "motivation" and immediately put me to work on a few things. Only after finishing those tasks I came here to finish to read the post and leave this comment.
Wishing you all the best so you can keep killing it
Congrats G Alexander!
I love lambos too (the Aventador in my profile pic was one of the best cars I’ve ever driven one day i will own one for sure!)
I’m going to find and read your journey thread now
Awesome post!
Keith
Fellow 6 speed G owner (2007 G Spyder). Fantastic car if I must say so. You won't lose much on depreciation. They're pretty much bottomed out and the 6 speeds are very very hard to find. Exotics always go through a U shaped depreciation curve - they bottom out then trend up.
As far as exotics go, you've bought one that will depreciate less than a midrange BMW or Mercedes which is a pretty smart move.
9 and 1/2 years ago, when I was just 18 years old, I hit the "join" button on a forum that would forever change my life. I was already an entrepreneur at heart - and had tried a few things - but I had now found a like-minded group to share ideas and thoughts with. This catalyst was the equivalent of adding rocketfuel to my entrepreneurial gas tank. While I had to put in thousands (and thousands) of hours of work + critical thinking and trial and error - there is no doubt in my mind that this journey was sped up by a few years thanks to @MJ DeMarco(and others thanked in numerous other threads of mine).
What will 9 years get you on this forum? A gated 6-speed Lamborghini Gallardo (if that floats your boat). More importantly it will get you a new line of thinking (UNSCRIPTED), an appreciation of your most valuable asset (TIME), and the ability to appreciate FAILURE.
I'm nervous even posting about this, because it feels a bit unreal to me. Truly, I keep telling my friends who know about it that it "doesn't feel real" or "doesn't feel like it's mine yet". But this past Saturday I bought her and drove her 700 miles home (with my girlfriend of 11 years, who has been here this whole journey) back to Chicago. Had about 300 pictures taken by strangers along the way haha.
If you asked 18 year old me what my goals were, I would have said "7,000SF house, multiple Lamborghinis, Own a Sports Team, etc.)... but as I have conquered larger obstacles and "grown up" a bit... my goals shifted. I still plan on owning multiple Lambos (I love everything about them, the artwork of the design, the engineering and power, the sound, the drama, etc.)... but getting this car was an important reminder to me that success is not a destination. It is a way of life (for me, having my TIME to myself).
If success were a destination, then that destination would forever elude you (i.e. you get to $10M in networth, you want $50M next...etc. etc.)... In that scenario you are never truly happy. I think coming to know that the ride is what is important is such an overused but MEGA important reminder. Owning this car is a reminder that I need to enjoy the ride and not hoard every available line of credit/dollar for business deals only. And, at the end of the day I got this particular Lambo because I believe I can drive it for 1-2 years and not lose money on it (barring any acts of God) - which is exactly what I did with my 911 Turbo (sold for $1,000 more than I paid for it originally, after 8,000 miles of enjoyment).
My favorite things on this journey (aside from the new friends I have made along the way) has been tackling challenges I set for myself, helping my employees grow (who are now like my family), and becoming a better human being through personal development. Make it your mission to serve others (employees, customers, etc.) and your success will be a bi-product. That is my new goal in life. I'm sure it will lead to more Lambos
Cheers to the first (of hopefully many)!
Get started today guys. Have no fear. Just take calculated chances. Alex
Congrats on the accomplishment. That is a pretty sweet looking car. My 10 year old daughter keeps talking about Lambos. I'm going to show her this thread and story tomorrow.
I knew it was the right time when the monthly payment wouldn't alter my investment ability at all. It is also the right time knowing that I could own it for 1-2 years and still likely break even when selling it (aside from any maintenance/interest pmt).
Dude, but if you put that in an index fund that makes 8% a year, you''ll be throwing away $62,000 by the time you're 80! Bad move! Wait until you're 80!
9 and 1/2 years ago, when I was just 18 years old, I hit the "join" button on a forum that would forever change my life. I was already an entrepreneur at heart - and had tried a few things - but I had now found a like-minded group to share ideas and thoughts with. This catalyst was the equivalent of adding rocketfuel to my entrepreneurial gas tank. While I had to put in thousands (and thousands) of hours of work + critical thinking and trial and error - there is no doubt in my mind that this journey was sped up by a few years thanks to @MJ DeMarco(and others thanked in numerous other threads of mine).
What will 9 years get you on this forum? A gated 6-speed Lamborghini Gallardo (if that floats your boat). More importantly it will get you a new line of thinking (UNSCRIPTED), an appreciation of your most valuable asset (TIME), and the ability to appreciate FAILURE.
I'm nervous even posting about this, because it feels a bit unreal to me. Truly, I keep telling my friends who know about it that it "doesn't feel real" or "doesn't feel like it's mine yet". But this past Saturday I bought her and drove her 700 miles home (with my girlfriend of 11 years, who has been here this whole journey) back to Chicago. Had about 300 pictures taken by strangers along the way haha.
If you asked 18 year old me what my goals were, I would have said "7,000SF house, multiple Lamborghinis, Own a Sports Team, etc.)... but as I have conquered larger obstacles and "grown up" a bit... my goals shifted. I still plan on owning multiple Lambos (I love everything about them, the artwork of the design, the engineering and power, the sound, the drama, etc.)... but getting this car was an important reminder to me that success is not a destination. It is a way of life (for me, having my TIME to myself).
If success were a destination, then that destination would forever elude you (i.e. you get to $10M in networth, you want $50M next...etc. etc.)... In that scenario you are never truly happy. I think coming to know that the ride is what is important is such an overused but MEGA important reminder. Owning this car is a reminder that I need to enjoy the ride and not hoard every available line of credit/dollar for business deals only. And, at the end of the day I got this particular Lambo because I believe I can drive it for 1-2 years and not lose money on it (barring any acts of God) - which is exactly what I did with my 911 Turbo (sold for $1,000 more than I paid for it originally, after 8,000 miles of enjoyment).
My favorite things on this journey (aside from the new friends I have made along the way) has been tackling challenges I set for myself, helping my employees grow (who are now like my family), and becoming a better human being through personal development. Make it your mission to serve others (employees, customers, etc.) and your success will be a bi-product. That is my new goal in life. I'm sure it will lead to more Lambos
Cheers to the first (of hopefully many)!
Get started today guys. Have no fear. Just take calculated chances. Alex
Looks amazing! Congrats on achieving one of your goals. This post really puts the idea of the process into perspective. I will definitely be going through and reading your progress threads. Thanks again for taking the time to post this!
9 and 1/2 years ago, when I was just 18 years old, I hit the "join" button on a forum that would forever change my life. I was already an entrepreneur at heart - and had tried a few things - but I had now found a like-minded group to share ideas and thoughts with. This catalyst was the equivalent of adding rocketfuel to my entrepreneurial gas tank. While I had to put in thousands (and thousands) of hours of work + critical thinking and trial and error - there is no doubt in my mind that this journey was sped up by a few years thanks to @MJ DeMarco(and others thanked in numerous other threads of mine).
What will 9 years get you on this forum? A gated 6-speed Lamborghini Gallardo (if that floats your boat). More importantly it will get you a new line of thinking (UNSCRIPTED), an appreciation of your most valuable asset (TIME), and the ability to appreciate FAILURE.
I'm nervous even posting about this, because it feels a bit unreal to me. Truly, I keep telling my friends who know about it that it "doesn't feel real" or "doesn't feel like it's mine yet". But this past Saturday I bought her and drove her 700 miles home (with my girlfriend of 11 years, who has been here this whole journey) back to Chicago. Had about 300 pictures taken by strangers along the way haha.
If you asked 18 year old me what my goals were, I would have said "7,000SF house, multiple Lamborghinis, Own a Sports Team, etc.)... but as I have conquered larger obstacles and "grown up" a bit... my goals shifted. I still plan on owning multiple Lambos (I love everything about them, the artwork of the design, the engineering and power, the sound, the drama, etc.)... but getting this car was an important reminder to me that success is not a destination. It is a way of life (for me, having my TIME to myself).
If success were a destination, then that destination would forever elude you (i.e. you get to $10M in networth, you want $50M next...etc. etc.)... In that scenario you are never truly happy. I think coming to know that the ride is what is important is such an overused but MEGA important reminder. Owning this car is a reminder that I need to enjoy the ride and not hoard every available line of credit/dollar for business deals only. And, at the end of the day I got this particular Lambo because I believe I can drive it for 1-2 years and not lose money on it (barring any acts of God) - which is exactly what I did with my 911 Turbo (sold for $1,000 more than I paid for it originally, after 8,000 miles of enjoyment).
My favorite things on this journey (aside from the new friends I have made along the way) has been tackling challenges I set for myself, helping my employees grow (who are now like my family), and becoming a better human being through personal development. Make it your mission to serve others (employees, customers, etc.) and your success will be a bi-product. That is my new goal in life. I'm sure it will lead to more Lambos
Cheers to the first (of hopefully many)!
Get started today guys. Have no fear. Just take calculated chances. Alex
Looking forward to reading your old progress threads,it looks like we might have a lot in common. (Stayed in corporate finance long enough to get my CFA and CMA.)
Wow, that is pretty sweet. Congratulations on the accomplishment! As a brand new member here, it's extremely inspirational to see that you've achieved so much success. Good luck in your future endeavors and keep going strong!
Just came back to the forum from a stint away and this is one of the first ones I see. I remember reading your thread on living rent free, and your progress thread, which I am going to go catch up on. Thank you for posting this, seeing this is what I needed right now. You have worked hard and it shows, and thank you for giving back to this community. Look forward to more posts like this in the future from you and you're an inspiration to myself and I am sure countless others.
9 and 1/2 years ago, when I was just 18 years old, I hit the "join" button on a forum that would forever change my life. I was already an entrepreneur at heart - and had tried a few things - but I had now found a like-minded group to share ideas and thoughts with. This catalyst was the equivalent of adding rocketfuel to my entrepreneurial gas tank. While I had to put in thousands (and thousands) of hours of work + critical thinking and trial and error - there is no doubt in my mind that this journey was sped up by a few years thanks to @MJ DeMarco(and others thanked in numerous other threads of mine).
What will 9 years get you on this forum? A gated 6-speed Lamborghini Gallardo (if that floats your boat). More importantly it will get you a new line of thinking (UNSCRIPTED), an appreciation of your most valuable asset (TIME), and the ability to appreciate FAILURE.
I'm nervous even posting about this, because it feels a bit unreal to me. Truly, I keep telling my friends who know about it that it "doesn't feel real" or "doesn't feel like it's mine yet". But this past Saturday I bought her and drove her 700 miles home (with my girlfriend of 11 years, who has been here this whole journey) back to Chicago. Had about 300 pictures taken by strangers along the way haha.
If you asked 18 year old me what my goals were, I would have said "7,000SF house, multiple Lamborghinis, Own a Sports Team, etc.)... but as I have conquered larger obstacles and "grown up" a bit... my goals shifted. I still plan on owning multiple Lambos (I love everything about them, the artwork of the design, the engineering and power, the sound, the drama, etc.)... but getting this car was an important reminder to me that success is not a destination. It is a way of life (for me, having my TIME to myself).
If success were a destination, then that destination would forever elude you (i.e. you get to $10M in networth, you want $50M next...etc. etc.)... In that scenario you are never truly happy. I think coming to know that the ride is what is important is such an overused but MEGA important reminder. Owning this car is a reminder that I need to enjoy the ride and not hoard every available line of credit/dollar for business deals only. And, at the end of the day I got this particular Lambo because I believe I can drive it for 1-2 years and not lose money on it (barring any acts of God) - which is exactly what I did with my 911 Turbo (sold for $1,000 more than I paid for it originally, after 8,000 miles of enjoyment).
My favorite things on this journey (aside from the new friends I have made along the way) has been tackling challenges I set for myself, helping my employees grow (who are now like my family), and becoming a better human being through personal development. Make it your mission to serve others (employees, customers, etc.) and your success will be a bi-product. That is my new goal in life. I'm sure it will lead to more Lambos
Cheers to the first (of hopefully many)!
Get started today guys. Have no fear. Just take calculated chances. Alex
Congratulations Alexander.Thanks for this post.This is a big inspiration for me.I'm 19 years old now and seeing this thread is a reminder that I too can make it.May success continue to be with you.Once again,CONGRATULATIONS!!
And after meeting you at the summit just made me respect the process the hustle and the movement even more; such a humble and simple presence that has mastered the principles of TMF . Keep it up and please post pics of any other lambs you may acquire in the near future.
Especially inspiring is to me, that you did mention the process as well, instead of only showing the event. That kind of takes the <its impossible>, <I could never do that> away. Then one thinks <In 9 years of hard work, I also could achieve something great like this!>
I am 29 years old and I am with my wife since 19 years old. She kicks my a$$ every day and motivates me to do what I have to do. When you have someone who loves you really hard, you want them to be proud, I can realate.
she helped me when I was depressed and disoriented and helps me achieve my goals. Great you found a loved one who cares about you and your success in life. I guess she deserved that ride.
Congrats on your Lamborghini, even if I will never understand why such cars exist. lol
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