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Notable! What's your lambo? (What are you working for?)

Discussion in 'Off Topic: Sports, Funnies, Pop-Culture' started by mrarcher, Jan 29, 2016.

  1. mrarcher
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    mrarcher Silver Contributor Read Millionaire Fastlane Speedway Pass

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    For me the cons more than outweigh the pros. We are leaders in green renewable energy but pay so much for it that elderly people dying because of the cold is the norm. There are stunning views and rolling hills on the one day a year you are not getting battered by the weather. "Free" poor standard healthcare (even if you opt to take insurance you still have to go through the NHS to get a diagnosis which can take years). The weather is terrible. Cheap flights to Europe but massive unemployment, coupled with low wages and extortionate living costs make them hard to afford. Glaswegians (that's a joke they're not that bad). Massive taxes on things like food and fuel even though we are apparently the oil capital of Europe. And of course the weather. I know there are much worse places of course, and I know I am lucky compared to some but the one and only good thing about this place from where I'm sitting is that you can get a degree for £1800 a year as opposed to what the Americans pay. Even then that system is widely abused.

    I say this not to complain (really!) I'm just pointing it out from a different perspective(The poor boy raised on a council estate who grew up watching the 30k millionaire oil workers roam about with their "status" treating people like me as if we are shit on their shoe and who are swift to remind you how great it is even though, without their credit ratings they would hardly be better off). It's not nice being somewhere you can't stand. I know there are many others on this forum that are in the same position. That feeling of being trapped can cause you to make some stupid desperate mistakes that you wouldn't make otherwise because maybe, just maybe there's a chance of escape. I'm working on mine and I hope everyone else working on theirs gets what they are working for.

    Thanks for the well wishes and I hope one day I can post back here as a proud American. Until then it's back to the grindstone :)
     
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  2. racyred09
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    racyred09 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Yeah, I was in Aberdeen which I think is a bit of an economic bubble (or it was at the time, I've heard oil prices have crushed the city to a certain extent), but I definitely saw a bit of the downsides you mention. I can see your perspective! I guess when you're only living somewhere temporarily (and also have the option to leave), you tend to focus on the best parts of it. The education costs are definitely a bonus- I got my MSc from Heriot-Watt, for less than a third of the cost of exactly the same degree from the uni where I got my BSc.
     
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  3. JWelch
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    JWelch Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    EDITED!!
    My Lambo is actually to be able to sustain my lifestyle from my investment income and be able to help a select few family members and friends financially to help change their lives so money isn’t such a tough stressful thing for them.
    Two questions @MJ DeMarco when you made your money did you do any of this (like pay off parents house etc) and did things go then and since, like you were expecting after having done it? Also, how’s the buying process coming with your cabin?
     
    Last edited: Dec 8, 2017
  4. EvanOkanagan
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    EvanOkanagan Gold Contributor FASTLANE INSIDER Speedway Pass Summit Attendee

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    How does one decide when they’ve achieved “financial freedom”?

    I believe it’s ever-changing. I’ve hit my “financial freedom” goal twice so far, yet I wouldn’t at this point consider myself financially free.

    But that’s a good thing—as most of us are driven by progress. My lifestyle has improved every time I’ve hit this milestone, but then I am driven to reach even higher heights.

    My Lambo goal I guess is to enjoy the journey all the way through.

    Edit: I’d also like to achieve the realm of financial freedom where I can quite literally buy a Lambo without any feeling of guilt, stress, or financial burden
     
    Last edited: Dec 8, 2017
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  5. WJK
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    WJK Bronze Contributor Speedway Pass

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    I'm older and way past wanting more "things". At this point in my life, who am I gonna impress? I wanna have less because I don't want the stuff in my life to own me and my time. That being said, I have never decided what I wanna be when I grow up. I love to learn and there's so much to learn out there. There are so many interesting people to talk to, and business opportunities to explore. I don't mind working hard -- as long as I don't feel forced to do it. In my personal life, I want to do quiet activities with my spouse, and live as simply as possible, without worrying about paying the daily bills.
     
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  6. J.Sark
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    J.Sark New Contributor Read Millionaire Fastlane

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    For me my lambo is my time. I want to own 24 hours of my day, every day. I am a very spartan person, so 500K would cover everything I need for the rest of my life, and then some. I can imagine my days spent between working out, reading, writing and learning until the end of my days. Share a simple and relaxed life with the people I care about and my cat, traveling every once in a while. I want to become the best possible version of myself. I don't really need anything fancy. Simple, happy life.

    I believe owning too much stuff can become a dangerous game to play, the more I have, the softer I become. I am not saying this is necessarily true for everyone, but it is for me.
     
    Last edited: Dec 8, 2017
  7. Philip Marlowe
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    Philip Marlowe Every Day On, No Days Off Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Good call. Be careful that your hobbies don't begin to own you. People buy all sorts of stuff that maybe gets used once. And worse than buying something and have it sit there - it actually just haunts you (because you spent a lot of money, or because you realize you never have time, whatever). Maybe it's your golf clubs, or your road bike, or paddleboard.

    Always good to keep things to the essentials with respect to "stuff"
     
  8. Eric Ferner
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    Eric Ferner New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    My lambo is the ability to free myself from 9 to 5 and to own my time.
    I want to be able to pursue any opportunity I am interested in AND to have enough time to spend with my loved ones.
    So matching my salary with the incomes streams I am in control of, is THE goal for me so I can dump the alarm clock.
    Anything more than that is nice to have but not my primary goal.
    Time >>all the rest
     
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  9. Ninjakid
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    [​IMG]
     
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  10. eMIKaE
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    To pay-off my parents debt, to have ability to take them for vacation to any place on this planet, to buy them a car. Aventador for my Dad, and Range Rover Vogue for my Mom. For my, old BMW 750i E38 would be perfect. Required income to make it happen would be 20-30k$ monthly.[​IMG]
     
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  11. NewManRising
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    For me it is about gaining freedom. I also want the ability to help other people too in a big way.
     
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  12. Greg P.
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    I can already feel the intense slapping I'm going to get for posting this.

    Honestly, I found my 'Lambo' reading a Dave Ramsey book (sorry MJ)... The one thing he mentions in The Total Money Makeover is the 'pinnacle point' and that's the point in your life where your money starts making more than you do. At this very moment in my life, that's all I care about.

    Mind you, I don't plan to stop there - when I get my first sale. (And I will) I am probably going to challenge myself to double that every time. First it'll be real-estate, then a nicer car.. but I won't mentally jerk off til I've made that first sale. I am working on this a few ways - from the creation of a product, writing a book and building a system based on the book as MJ did.

    I also feel like I should put a disclaimer here: If it's all the same, I don't agree with the slowlane principles put forth by D.R. His book just presented me with an idea that sparked a sense of purpose in my miserable life... and it pollenated even more when I read FLM.
     
  13. andrewsyc
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    andrewsyc New Contributor I've Read UNSCRIPTED

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    I have a number to achieve that I'll keep to myself.

    I don't want to be forced to have to do anything that wildly throws my life into disarray. Some people get caught up in debt, a contentious wife, and sporadic job hops; the only thing that changes is time and the ebb and flow of desperation.

    Enough funds with discipline where I'm not fretting ever over the future.
     
  14. Gwenqou
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    1) To provide a good life for my family, pay off their debts and take my family to vacations. I know my parents have been wanting to travel for their entire life. Give my mom everything she wanted.

    2) To own myself and my time

    3) Be able to say f*ck you and walk away from undesirable situations
    (I had one of those instances before and it was one of the best feelings in the world)