Here are my finances. I need your help please.

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designrs
Posts: 1686
Joined: Wed Sep 23, 2009 9:57 pm

Re: Here are my finances. I need your help please.

Post by designrs »

... here’s a partial list:

8 BMWs
2 Porsches
1 Mini
2 Hummers
2 Corvettes
(Many vehicles traded in early, because I was ready for yet another unnecessary new toy... sigh.)

Harley Night Rod
19’ Airstream Trailer
$250k Motorhome (that actually worked well for tax purposes, as I legitimately used it for business and there were awesome tax incentives.)

Many expensive dinners with many high-maintence girlfriends / models / playmates.

10+ trips to Bangkok, often for one month at a time... I almost moved there!

A horse, training Dressage with trainers from Denmark.

... and of course the biggest thrill, my 2012 SportCruiser, which I miss more than life itself.

(Read my book, which is actually quite difficult for me to put out there, and find out why my life must be extraordinary.)
- Richard
Sport Pilot / Ground Instructor
Previous Owner: 2011 SportCruiser
RBearden56
Posts: 34
Joined: Thu Dec 07, 2017 1:46 pm

Re: Here are my finances. I need your help please.

Post by RBearden56 »

One Word, Downsize. There is only one of you, so get rid of all of the cars, hummer, toys, and animals and replace with Tesla P100D. 8) :mrgreen: Keep the Sport Cruiser but date less maintenance intensive women. :twisted: Yoga "Hum" :?: Better yet, replace the sport cruise with a Carbon Cub and go back country flying, Become one with nature! :mrgreen:

Use the KISS principle..

Randy B
Sport Pilot
LSRM
Ground Instructor in Training

Happy New Year! :D
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drseti
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Re: Here are my finances. I need your help please.

Post by drseti »

designrs wrote: (that actually worked well for tax purposes, as I legitimately used it for business and there were awesome tax incentives.)
Richard, that's exactly the rationalization I used when I bought my first airplane! Of course, in the late 70s, it was true. Between investment tax credit and double-declining balance accelerated depreciation, our rich Uncle ended up paying half the cost of my old Beechcraft. (Thank you, fellow taxpayers.)

Those days are, sadly, gone now.
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designrs
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Re: Here are my finances. I need your help please.

Post by designrs »

drseti wrote:Richard, that's exactly the rationalization I used when I bought my first airplane! Of course, in the late 70s, it was true. Between investment tax credit and double-declining balance accelerated depreciation, our rich Uncle ended up paying half the cost of my old Beechcraft. (Thank you, fellow taxpayers.)

Those days are, sadly, gone now.
My tax credit was 50% immediate accelerated depreciation (with carryover years) in 2008.
- Richard
Sport Pilot / Ground Instructor
Previous Owner: 2011 SportCruiser
HAPPYDAN
Posts: 390
Joined: Mon Mar 16, 2015 11:49 am

Re: Here are my finances. I need your help please.

Post by HAPPYDAN »

designrs wrote:
HAPPYDAN wrote:An old Army CSM once advised a 2LT (me!), "If you want something in the worst way, that's usually how you'll get it." Think it through to it's logical conclusion, if it passes the "make sense" test, then go for it.
Hmmm.... NONE of my “toys” passed the “make sense” test. Maybe that’s why I’ve gotten bit in the ass a few times! Then again, I’ve lived an amazing life. :D
Yeah, me too. Sez the guy who owns 2 motorcycles in a place that rains a lot and only has 3 or 4 months a year of decent riding weather!
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Warmi
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Re: Here are my finances. I need your help please.

Post by Warmi »

Ha I am pretty much the opposite ... I didn’t even own a car until recently - my wife did so we had one but I was commuting to Chicago downtown via Metra for something like 15 years ... now I own a plane and a car ( new job ) but I see no motorcycles or boats in my future ...
Flying Sting S4 ( N184WA ) out of Illinois
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designrs
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Joined: Wed Sep 23, 2009 9:57 pm

Re: Here are my finances. I need your help please.

Post by designrs »

... oh, I had 2 powerboats too. Forgot about them... they were my “therapy.”
I guess I just push hard. :D
- Richard
Sport Pilot / Ground Instructor
Previous Owner: 2011 SportCruiser
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