Fair enough. Didn't want to start anything. I know I've been able to view polls and what not from my site and see who voted on what.

:cool:

You know that old saying... I made 1 million on cars and racing. BUT I started with 3 million

I drive a firetruck. I am a Gubment employee so my salary is no secret. Anyone has access to that info. Do I have a lot of money? Obviously, no.

Am I wealthy? Hells yeah! I have a great wife that supports my hobby, a large heated shop, a growing list of basic tools, and a few friends who actually know what they are doing to help me out (some of them even think I know what I'm doing...)

Who here has laid on a cold wet driveway in the middle of the night replacing a header cooked starter so you could be at work in a few hours? Who has run tires so bad you could see the air in them for a month until you could afford somebody elses take-offs?
I won't ever be a millionaire, but I am VERY fortunate, and VERY wealthy in the currency that matters to me.

Jeff-

Very well said! :thumbsup:

Agreed!

Nearly 30% of the survey respondents say they make between $100K - $250K plus whatever spousal income they have. I would have assumed this given the level and quality of builds on this site. What's really interesting is that everyone is claiming not be be a millionaire. I mean come on, if you're making $250K a year and you don't have 1M+ in net worth, how in the heck are you going to retire? Are you going to live in your $100K Camaro? : )

I think a more interesting question would be what percentage of your net worth are you comfortable investing in a car?

In order to be considered to be a "real millionaire".... you need to have TWENTY MILLION in investable cash NOT including your house....

One million dollars invested in a laddered bond portfolio will net you a whopping $40K per year (tax free net).

The point of having a 30 year mortgage on a house - is that if you bought a house when you are between 30 & 35 years old - you'd have it paid off by the time your retired. Today however... everyone has forgotten that they have a 30 year mortgage and they're already 45 years old... GOOD LUCK WITH THAT!:lol:

A common thing with people is that they rarely feel rich. Here's an article based on a study of pure millionaires, aka people who have over a million dollars in investments.

http://blogs.wsj.com/wealth/2011/03/...-feel-wealthy/

42% didn't feel wealthy even with an average net worth of 3.5 million dollars.

It's very easy to see the next guy who makes more than you do, has a nicer house, or more applicable a nicer car and feel like you aren't rich.

Anyways, to answer your question. Based on my current income level, the fact my car took 4 years by the time it's done sometime next year to be done, I will have spent probably around 6-8% per year on average doing all of the work myself, and having changed directions which cost me some money. I am in the lower middle part of the 30% you point out.

It's about equivilent to financing a 35k car over 4 years, and only getting the car when it's completely paid off.

By that logic I don't think I qualify even as a thousandaire. Thanks a lot. :lol:

me either. :lol: