It would be super cool to watch a video of Steve looking for & purchasing a supercar in real time; walking us through what he looks for in real time, I believe it would be very educational and fun! Love the time all of you put in to educating the viewers/public.
The best advice that i learned from Manny Koshbin is don’t buy a Super or Hyper car until you have 10 times the price of it in your Bank account, when you purchase a Super car you add a car to your garage but u add also maintenance and unexpected damages that can happen in futur.
I understand Manny advice but that's overkill. If most people did that - they would never own one. The 10-15% rule is enough - especially if you make even more with multiple streams of income. My investment properties pay for my exotics cars. It's many different things you can do to afford easily and responsibly. You don't need a million cash to afford a cheap 100k car. My first exotic was 100k put down 20k- financed 80k. Then traded up to more expensive cars. Now I have an Aventador, so it's not hard at all. Especially if you are making 20-25k plus a month with little to no debt with multiple streams and assets that produce income.
@@william_SMMA If you have that much money sitting in your bank account, that means that you are not investing your money properly. Money sitting in the bank doesn’t really do anything for you because interest rates are so slow. It’s better to have $1 million in a place where it can make you 5% on returns rather than having that $1 million sitting in your bank account making you 0.5% returns.
@@austinmueller2889 if someone buying a 300k car while having 3 million cash in the bank. I don’t think they need any financial advise from anyone… they are smart enough to know what and when to invest.
Yea it’s like… A lot of people COULD buy these cars, but would have so much of their net wrapped up in a car that’s deteriorating the anxiety would be crippling.
Need to is a stretch , that would infer that people need to have 470,000 in the bank to drive the average new car. Which we all know that isn’t the case.
So freaking informative. I really appreciate the way he teaches us, it’s down to earth education. Also, I can afford no more than a Mustang GT350 on what I make 😂
It’s a great car , probably the funnest cars I’ve owned and driven. I wanted something with more power so I sold it and bought a C7 Z06. That being said the GT350 sounds far sexier, don’t get attached to your cars though mate, enjoy it for awhile then try something else, these car companies ain’t paying you to stay loyal customers lol
im sorry but what other then experience/sharing do u buy cars for? if u wanna invest, you'd obviously buy a stock, or real estate right? unless ure worth 100s and u buy bugattis for fun investment options?
I'm onboard with your tips and advice! Although I have to say you left car enthusiasts out of the equation! I'm one of those people that loves cars, a petrolhead that has been loving them since I was a child, supercars are not only about bragging and ego, but man I'd love to have a porsche cayman GT4 and track it all day long! Won't stop till I get there :P No huge houses, no expensive clothes, only reason I want money is to have freedom of choice in my life and to be able to drive sportcars around 😝 Nice video and car collection mate!!
This guy is great. So humble. I’m a second generation business owner that just paid off our business loan and recently became a millionaire and I strive to be just like him and most importantly give back.
@@landonmartin6350 it really is simple. Work hard, and treat other people with the respect that you yourself would want to be treated with. If you do that you will go far. Love the Naruto cover too!
When I started making $120k I bought my first sports car $60k S5 sportback. Bought new because used was the same price for a more worn vehicle. I wanna get the R8 when I’m making $200k and have the S5 paid off. Edit: seems like he agrees with me
The greatest thing about success is being able to positively affect peoples lives. You are doing an amazing job at sharing the wealth. Not just the money and the cars; but, also the wealth of knowledge you’ve accumulated. Thank you! Keep doing what your doing Inspirational, great motivation!
Cheers Steve 💪🏾 I felt like that was a one on one ‘insider’s tips’. Although I’m far from owning my own supercar, these have been great tips on life too. Just have to hear it that way 💯 Thanks to the entire team too, your guys videos lift my spirits every day, keep me going on tough days. Wish you well and great fortune (to continue on 😏) Have a great week this week 🫵🏾💯💪🏾😷
I love the mindset of you guys breaking down financial purchases like houses or cars and showing not just what you did but how anyone could own one too
Great point about the lifestyle creep that comes with owning these cars! Its amazing how if you're suddenly driving a new sportscar people expect you to spend more (especially women on dates). Plus, if its a lot of money (to you) it can be hard to enjoy the car as you're always worried about it getting damaged, stolen, or costing you lots in maintenance. After owning an expensive car, I learned I'm actually happier with something more affordable (but still fast/fun) that I don't stress over.
Thank you, i am 20 1 semester left in college. Not looking for a super car but i do love cars and you definitely gave a lot of great affordability principles.
I just bought a 2018 Ftype and for me, its as close to a super car as I will get but it *almost* fits in with them from a looks and sound standpoint. Best sounding V6 on the road except a 911 GT3 imo. Dream car for me since 2013. Maybe you should have touched on the high end sports cars as well before the super car? :) Awesome video
Wasn't going to buy a supercar right now, but now I can feel like I am making a good financial decision since the market is too hot, instead of just not being able to afford it 😂
This is good to know. Means I can afford a 80,000 car which means I m at the “used super car” level lol I already kind of knew this. I can actually afford more than that cause I have zero credit card debt or school loan debt and me and my wife live below our means My next car will be either a used R8, a used LC500 or a used C8 Corvette. Gonna wait a year or so though. Car prices are absurd right now just like home prices Gonna prob buy both around the same time as both drop drastically
Great video! I just turned 32 and spent the last 5 years building my real estate portfolio, which is around $3,000,000. Looking to get my first starter super car in a few years and i have always loved lambos, so i will most likely get a gallardo
One yesr later the market is still crazy but its related to the OpF and car dealers building shit new cars with shit engines so i dont think its a bubble?
Great video. Would you say it is smart to take advantage of this market if we can flip our car, get into a newer (non exotic) vehicle with new warranty? Or is it best to hold on to what we have. I feel like there is a way to take advantage of these insane used car values but I’m just not sure if it would be better to just keep the vehicle or flip it.
Super/hypercars are my dream, passion and drive throughout the day. Because my broke ass barely makes $30K a year, in a bathware manufacturing plant. In other words, we make fiberglass walk-in showers, bathtubs, and shower/bathtub combos. Unless I win the lottery, or something of that nature, I'll never be able to so much as even drive one. But I'm okay with that, because some people just weren't meant to live that life lol. Maybe someday I'll get a chance to look at one up close in person. 🤞😍🙏
This is a great video. Not only you encourage retirement and investments, but also solid considerations of insurance, earnings and suggested finance details as apr, payments etc… great that you also mention modifications… different markets… you provide so many important details. The whole video is great! Keep it up! You guys are great
This man is right on. I bought a car last year and paid a little more but I got the one I wanted and spec I wanted so it's not all bad but if I was patient and waited I could have saved maybe around 10k but on the other hand I do real estate and rented a couple properties and got more then I was suppose to and rented out a house I just had as a second home that I barely used so on the other hand I actually made alot of money because of my purchase. Life is short tomorrow is not promised so if it doesn't effect you go get something that makes you happy if it effects you take your time and buy smart.
How would you recommend financing a car that costs around 50k? Obviously much less then most of your cars, but nonetheless a lot of money. Thinking of maybe a GT350. What would you say the best approach angle would be for that?
Great video! As a student that’s been working for a bit, I saved up enough money to buy a Miata. That being said, I think they are incredibly overpriced right now. Should I pull the trigger? Or should I wait for this car bubble to pop?
I'm not a millionaire nor I am close to being one but I'm still a student just like you and I've worked for about a year now for my first car which I wanted it to be a 300ZX, I have the money to buy a good example right now, but the prices are just stupid which is why I am going to wait. Been looking at FB marketplace and other sites and I'm noticing the prices for a lot of cars are slowly dropping, so my suggestion would be to wait which is what I'm going to do but keep in mind it's a huge risk.
Whole life insurance is one of the best conservative investments on the planet. Only investment that is guaranteed to make you money, profit is not taxable, not tied to the stock market and is liquid. You won't find that in any other investment.
I'll be honest, I never really thought about how much I liked cars until i stumbled across this channel You have such a fun personality and you very much just enjoy the cars for the being of them, I hope I can be lucky enough to own a 1000hp+ car one day, and this collection has really gotten me motivated, thank you for the content man
This is definitely a different way to help the "average Joe" look at their future. Great insight video especially since everyone thinks it's oh nice car, but what's behind the scenes of owning or getting it.
Thank you so much! Actually super informative! I was also wondering about the insurance, maintenance costs, and building a relationship with a dealer (What I should be looking for, how I should be nurturing that relationship to one day get allocation)
The humble mindset is something to take with you throughout life. Definitely need to be reminded when you JUST START getting heavier cash flow in your business
i bought my f430 in 2011 for 65k, i put 25k down and financed it , i paid it off within 18 months to avoid interest. i put 20k miles on it, sold it needing a clutch job for 87k two years later. i bought my 996 turbo, and a house with the money, porsche is worth twice what i paid for it now and my house is still expensive. Im wanting to sell the porsche to get a 458 italia. the last of the real ferraris. the price of 458 are so damn high, i could have picked one up for 130k in 2019 and i passed because i was wanting to put the money into my business. I own a cannabis processing facility thats going live in LA this month so hopefully by 2025 ill be commenting that i got my 458.
How did you start off in investing and starting your own business? I have a few automotive business ideas but I have no clue where to begin or who to go to.
Great video idea. I'm hanging out for a 2016 porsche cayman gt4 as my first super car / investment. I figure a stick shift porsche isn't going to lose much if any value at all over ownership time
You should not even think about buying any kind of nice car until you are INVESTING 20% of your income toward your retirement or future. Just because you can spend 10% of your income on a car doesn't mean you should. You can be wealthy or pretend to be by buying depreciating liabilities with 10% of your income.
Cap rates in CA are so crazy you can't cash flow without 60 to 70% down. And we have rent control, where we have paid 6 figures to tenants to vacate for a single apartment. Don't just buy an income producing property until you know what the basics are!! Great channel!!!
Listen guys, if you want a super car but don't care about business, as an you never dreamed or have a high enthusiasm for ice cream and making an ice cream business, don't start a business. DONT. You will burn out and waste tremendous time and money. Just a get a decent job, buy your first more special car, like a B8.5 S4, and build credit for 6 months. Sell it, get most your money back, and then get something more expensive, but do make sure it is special type car, not average and common. Repeat the process. Just work for the super car. If its gonna take 10 years to fully automate a business successfully, might as well skip that and work a job you like for 10 years and while you're at it, keep working on that credit history and move up the price latter. Once you get good at this, your 10 years become 5 or even 3 and youll get to that super car sooner. So don't start a business simply because you want a super car. Business does not equal or translate to super car. You start a business because you already have a passion for whatever thing it is and can make it a business. If you are young, like in your 16, start as soon as possible. Do what you can to build credit. Early start. You don't want to be like youtuber who got his super car at a later age.
Porsche GT3 RS is selling for double MSRP and also the same as your McLaren in terms of like needing to have a bunch of Porsche’s to be able to get an GT3 RS. So many people are buying them and selling them right away. I do hope the market pops because I would love to get probably an Huracan or an R8 within a year or 2
@steve Hamilton thanks for the video…. Wife and I have made investment and currently live debt free, no mortgage, no car payments, money in the bank… I’m about a year from being able to pay cash for a McLaren 720s (the supercar that catches my eye most) but when making such an investment when should I start my shopping and how do I determine that I found the one? Should I start with a starter like a R8?
My family isn’t rich at all we’re a typical middle class family my dad is a realtor so money is decent and to treat himself for his 55th birthday he bought a 2009 Lamborghini gallardo for $50k!!! I’m 21 when he lets me take it out ppl swear I’m we’re rich lol he put 22k down his payment around $500/m 😂
Our household income is well over $300k but I drive a 9 year old Infiniti that is probably worth like $15k now. Granted I also have kids which cost me more than what an entry level supercar would cost each year. I dream of owning a Lamborghini or Ferrari but realistically when the kids move out I'll probaby end up getting a vette or something... I'm too cheap to spend over $100k on a car.
I was always taught to buy the smallest home surrounded by huge homes and in a good, safe, desirable area. Exactly what I did! I own it and the value has gone up. The downside…. I can easily afford a $150,000 car but I only have a dbl garage. Lmao
Flex😂😂😂 folks with real money don't buy used supercars to 'flex'!!! They already have a $35MM Citation jet and have no need to impress strangers with their cars!!!
Man I love how you kept this video so real so many people either just say buy a super car if you’re able to or completely stay away but you gave a great realistic outlook
I’m looking at getting a Guilia QV and if you budget and don’t buy expensive you can easily afford a 500-600 a month car payment(will do 50% down) and be comfy still with 100-150k salary.
I’d never be able to justify spending that money on a depreciating liability. I’d have to be worth 10 million before considering spending 200-400k on a super car and at that point I’d only lease it cause you get bored of them and you can get rid of it I’d never want to own it unless I speculate that it would increase in value over the years cause it’s rare . But yea I’d only lease and get rid of it for something new every year
Good lord! I make a good amount of money but student loans, house and a Jeep payment crush that 800 a month payment I'm planning for my C8. Good finance in general, pay off as much outstanding debt before getting a super car....
Theyre expensive. useless. inefficient. wasteful dirty and noisy. Theyre ostentatious and gaudy and not particularly easy to live with. Some of them are frightening. Many are hard to drive. Most are hard to even see out of. But boy do we love them - we love them with our very souls. Supercars. The purest and most extreme expression of automotive performance there is. trundling around the roads and revving their engines and raising a single finger to automotive political correctness everywhere. Long may it continue
Being you put your company’s wheels on the cars could you technically use it as a business expense as advertising to show your product there for a tax deduction?
The average Millionaire has over 7 streams of income. With that being said if you have multiple streams of income. Owning a Supercar really isn't an obstacle, it's and achievement.
It would be super cool to watch a video of Steve looking for & purchasing a supercar in real time; walking us through what he looks for in real time, I believe it would be very educational and fun! Love the time all of you put in to educating the viewers/public.
Agreed!
The best advice that i learned from Manny Koshbin is don’t buy a Super or Hyper car until you have 10 times the price of it in your Bank account, when you purchase a Super car you add a car to your garage but u add also maintenance and unexpected damages that can happen in futur.
I understand Manny advice but that's overkill. If most people did that - they would never own one. The 10-15% rule is enough - especially if you make even more with multiple streams of income. My investment properties pay for my exotics cars. It's many different things you can do to afford easily and responsibly. You don't need a million cash to afford a cheap 100k car. My first exotic was 100k put down 20k- financed 80k. Then traded up to more expensive cars. Now I have an Aventador, so it's not hard at all. Especially if you are making 20-25k plus a month with little to no debt with multiple streams and assets that produce income.
If you got 10x the price sitting in your bank account… you already making bad financial decision lmao.
@@william_SMMA If you have that much money sitting in your bank account, that means that you are not investing your money properly. Money sitting in the bank doesn’t really do anything for you because interest rates are so slow. It’s better to have $1 million in a place where it can make you 5% on returns rather than having that $1 million sitting in your bank account making you 0.5% returns.
@@william_SMMA Ahh, that makes more sense. There’s a big difference between have a net worth of X and having X amount of money in the bank.
@@austinmueller2889 if someone buying a 300k car while having 3 million cash in the bank. I don’t think they need any financial advise from anyone… they are smart enough to know what and when to invest.
You're literally the only successful person on UA-cam that I take seriously when you speak on topics like this. Thanks man.
If a car cost 100k you need about a million in the bank to see it as a toy rather then you’re dream car
Yea it’s like…
A lot of people COULD buy these cars, but would have so much of their net wrapped up in a car that’s deteriorating the anxiety would be crippling.
This rule only applies to super cars not regular cars costing 100-150k typically they have low finance cost at 700-2k max
Need to is a stretch , that would infer that people need to have 470,000 in the bank to drive the average new car. Which we all know that isn’t the case.
So freaking informative. I really appreciate the way he teaches us, it’s down to earth education.
Also, I can afford no more than a Mustang GT350 on what I make 😂
Aye that's my dream mustang so I'd be happy af
It’s a great car , probably the funnest cars I’ve owned and driven. I wanted something with more power so I sold it and bought a C7 Z06. That being said the GT350 sounds far sexier, don’t get attached to your cars though mate, enjoy it for awhile then try something else, these car companies ain’t paying you to stay loyal customers lol
Better than me atm
Bro Dats My Dream Whip😭
looks for new employees because our are rich
Papa Steve with the knowledge. 🤝 -Edgar
S
I love the mindset about buying cars for the experience/sharing instead of the investment.
Keep it up guys, you deserve atleast 2M+ subs !
im sorry but what other then experience/sharing do u buy cars for? if u wanna invest, you'd obviously buy a stock, or real estate right? unless ure worth 100s and u buy bugattis for fun investment options?
1 sub per dollar down on their hypercar garage.
it's refreshing to hear someone who gives honest, no BS advice, living within his means and telling us not to jump ahead of ourselves.
Na spend your bread
😂😂😂😂😂😂😂😂 you need someone on a video to tell you what to do with your money?? Supercar shopping are you??? 😂😂😂😂😂
@@jdev232 I dun, but plenty of people like you may
@DonLee1980 🤣 mine are paid for. And going by his formula, can afford a 220,000.00 supercar. You?
@@jdev232 wow, here's a star for you. Now go tell your friends about it.
Thanks for the insight. By your calculations I'm at about at the level of a used Toyota Corolla. Now if I can figure out how to make $500k a year...
haha! Love it!
when you say how much you gotta earn… do you mean before taxes or after
Safe bet says after.
@@thepericlesof8449 nah it’s before taxes. You’ll usually be alright if you make say $100k and buy a $50k car.
I'm onboard with your tips and advice! Although I have to say you left car enthusiasts out of the equation! I'm one of those people that loves cars, a petrolhead that has been loving them since I was a child, supercars are not only about bragging and ego, but man I'd love to have a porsche cayman GT4 and track it all day long! Won't stop till I get there :P
No huge houses, no expensive clothes, only reason I want money is to have freedom of choice in my life and to be able to drive sportcars around 😝
Nice video and car collection mate!!
that's my dream as well man, exact same car, exact same goals
I’m already struggling buying a hellcat when my annual is 7 digits (I’m a cheap person)
Ok i got the 392 instead but i want a z06 now
Hi Hamilton collection
This guy is great. So humble. I’m a second generation business owner that just paid off our business loan and recently became a millionaire and I strive to be just like him and most importantly give back.
Teach me
@@landonmartin6350 it really is simple. Work hard, and treat other people with the respect that you yourself would want to be treated with. If you do that you will go far. Love the Naruto cover too!
@@FutureShawn0058and be lucky
I love super cars so much....i really need one....ill see the one i can afford😅
When I started making $120k I bought my first sports car $60k S5 sportback. Bought new because used was the same price for a more worn vehicle. I wanna get the R8 when I’m making $200k and have the S5 paid off.
Edit: seems like he agrees with me
The greatest thing about success is being able to positively affect peoples lives. You are doing an amazing job at sharing the wealth. Not just the money and the cars; but, also the wealth of knowledge you’ve accumulated.
Thank you!
Keep doing what your doing
Inspirational, great motivation!
Cheers Steve 💪🏾 I felt like that was a one on one ‘insider’s tips’. Although I’m far from owning my own supercar, these have been great tips on life too. Just have to hear it that way 💯 Thanks to the entire team too, your guys videos lift my spirits every day, keep me going on tough days. Wish you well and great fortune (to continue on 😏) Have a great week this week 🫵🏾💯💪🏾😷
Thank you for the informative information, Chief 🙂 Good to know about all of this in our current situation. The world has spun totally out of shape.
I love the mindset of you guys breaking down financial purchases like houses or cars and showing not just what you did but how anyone could own one too
Thank you Steve for creating this video.. sharing information that folks actually need. Not just about cars but about finance. And for being REAL!
still watched this with literally no income
Great point about the lifestyle creep that comes with owning these cars! Its amazing how if you're suddenly driving a new sportscar people expect you to spend more (especially women on dates).
Plus, if its a lot of money (to you) it can be hard to enjoy the car as you're always worried about it getting damaged, stolen, or costing you lots in maintenance. After owning an expensive car, I learned I'm actually happier with something more affordable (but still fast/fun) that I don't stress over.
Why the fuck has this channel not blown-up??? I love your videos!!
We'll get there ;)
Thank you, i am 20 1 semester left in college. Not looking for a super car but i do love cars and you definitely gave a lot of great affordability principles.
I just bought a 2018 Ftype and for me, its as close to a super car as I will get but it *almost* fits in with them from a looks and sound standpoint. Best sounding V6 on the road except a 911 GT3 imo. Dream car for me since 2013. Maybe you should have touched on the high end sports cars as well before the super car? :) Awesome video
Been considering a f type r. Those things are a great bang for buck. They sound ridiculous and are so fun
911 GT3 has a flat 6, not a v6
@@jaloopy4177 it’s still 6 cylinders no?
Congrats! I’m considering an F-Type or C8 for my first sports car, you can’t go wrong with the Jaguar Exhaust and Looks!
@@jabariphillips8855 C8 would have been my number one but you can't get one for less than 90k right now
"I didn't buy my first supercar until I was 35"
Guy's looking 25.
Wasn't going to buy a supercar right now, but now I can feel like I am making a good financial decision since the market is too hot, instead of just not being able to afford it 😂
This is good to know. Means I can afford a 80,000 car which means I m at the “used super car” level lol I already kind of knew this. I can actually afford more than that cause I have zero credit card debt or school loan debt and me and my wife live below our means
My next car will be either a used R8, a used LC500 or a used C8 Corvette. Gonna wait a year or so though. Car prices are absurd right now just like home prices
Gonna prob buy both around the same time as both drop drastically
How did you buy a car from copart with a loan? I didnt think you could do that - had to be cash?
Great video! I just turned 32 and spent the last 5 years building my real estate portfolio, which is around $3,000,000. Looking to get my first starter super car in a few years and i have always loved lambos, so i will most likely get a gallardo
3.000.000 in 5 years. Good job man, having rich parents is a huge flex
@@kostaspapas3202 keep coping bro.
Get a lfa
One yesr later the market is still crazy but its related to the OpF and car dealers building shit new cars with shit engines so i dont think its a bubble?
Great video. Would you say it is smart to take advantage of this market if we can flip our car, get into a newer (non exotic) vehicle with new warranty? Or is it best to hold on to what we have. I feel like there is a way to take advantage of these insane used car values but I’m just not sure if it would be better to just keep the vehicle or flip it.
the mclaren 650s is only 120000$ quite cheap for a supercar
Super/hypercars are my dream, passion and drive throughout the day. Because my broke ass barely makes $30K a year, in a bathware manufacturing plant. In other words, we make fiberglass walk-in showers, bathtubs, and shower/bathtub combos. Unless I win the lottery, or something of that nature, I'll never be able to so much as even drive one. But I'm okay with that, because some people just weren't meant to live that life lol. Maybe someday I'll get a chance to look at one up close in person. 🤞😍🙏
Wow this a great mindset! I wish you the best of luck man
@@ihateeveryjuan9943 Thank you very much. Always on the grind lol.
If I got 150k in the bank
My car cost 100k
Im getting the danm car 😂
This is a great video. Not only you encourage retirement and investments, but also solid considerations of insurance, earnings and suggested finance details as apr, payments etc… great that you also mention modifications… different markets… you provide so many important details. The whole video is great! Keep it up! You guys are great
Lol why am I watching this when I can’t even afford a new camry
Lol… I hear ya brother! 😂
This man is right on. I bought a car last year and paid a little more but I got the one I wanted and spec I wanted so it's not all bad but if I was patient and waited I could have saved maybe around 10k but on the other hand I do real estate and rented a couple properties and got more then I was suppose to and rented out a house I just had as a second home that I barely used so on the other hand I actually made alot of money because of my purchase. Life is short tomorrow is not promised so if it doesn't effect you go get something that makes you happy if it effects you take your time and buy smart.
Can I take my drivers test in December in the 765? Love you Steve andTommy😘
Starter super car him: audi r8 💅
Me: non running auto 1st gen mr2. 😐
How would you recommend financing a car that costs around 50k? Obviously much less then most of your cars, but nonetheless a lot of money. Thinking of maybe a GT350. What would you say the best approach angle would be for that?
You won’t lose your shirt over a 50k car. Do it how ever you want.
@@mnoell35 😸😹👌🏻
Can you do a video of how you split your money across living expenses, savings, investments, cars etc.
Yeah, maybe in the future. Great idea!
Some more info on the finance part would be great. I’m considering the R8 to start or a gallardo with the gated 5 speed.
You were SO right about the bubble popping
how tf of y’all not have a mil y’all are the most entertaining car channel
Great video! As a student that’s been working for a bit, I saved up enough money to buy a Miata. That being said, I think they are incredibly overpriced right now. Should I pull the trigger? Or should I wait for this car bubble to pop?
I'm not a millionaire nor I am close to being one but I'm still a student just like you and I've worked for about a year now for my first car which I wanted it to be a 300ZX, I have the money to buy a good example right now, but the prices are just stupid which is why I am going to wait. Been looking at FB marketplace and other sites and I'm noticing the prices for a lot of cars are slowly dropping, so my suggestion would be to wait which is what I'm going to do but keep in mind it's a huge risk.
@@william_SMMA depending on the year. But a clean one is at least $10k
@@enz0368 agreed. I think some cars like the Honda S2000 will stay close to where they are in price now.
I’d wait. Don’t want to set yourself up for failure in terms of overpaying a lot
I would also wait. Whatever they were at pre-Covid is where they should land again in 12 months or so.
Whole life insurance is one of the best conservative investments on the planet. Only investment that is guaranteed to make you money, profit is not taxable, not tied to the stock market and is liquid. You won't find that in any other investment.
i will own a supercar someday
I'll be honest, I never really thought about how much I liked cars until i stumbled across this channel
You have such a fun personality and you very much just enjoy the cars for the being of them, I hope I can be lucky enough to own a 1000hp+ car one day, and this collection has really gotten me motivated, thank you for the content man
The new Supra is about as close to a supercar imma get 😂
Some really amazing insight you can't find anywhere els! One of the reasons this has quickly become my favorite channel!!!
This is definitely a different way to help the "average Joe" look at their future. Great insight video especially since everyone thinks it's oh nice car, but what's behind the scenes of owning or getting it.
Would love more “business” talk
I needed this information for when I get rich this year 😅
steve is like an older brother i never had giving me cheat codes to life
Thank you so much! Actually super informative! I was also wondering about the insurance, maintenance costs, and building a relationship with a dealer (What I should be looking for, how I should be nurturing that relationship to one day get allocation)
The humble mindset is something to take with you throughout life. Definitely need to be reminded when you JUST START getting heavier cash flow in your business
i bought my f430 in 2011 for 65k, i put 25k down and financed it , i paid it off within 18 months to avoid interest. i put 20k miles on it, sold it needing a clutch job for 87k two years later. i bought my 996 turbo, and a house with the money, porsche is worth twice what i paid for it now and my house is still expensive. Im wanting to sell the porsche to get a 458 italia. the last of the real ferraris. the price of 458 are so damn high, i could have picked one up for 130k in 2019 and i passed because i was wanting to put the money into my business. I own a cannabis processing facility thats going live in LA this month so hopefully by 2025 ill be commenting that i got my 458.
Thanks for the info Steve great channel and content
Don't buy a supercar if you can't buy it in cash, twice..
I could do that and I still can’t stomach it! 😅
Steve Hamilton you are a wonderful individual , very humble and very knowledgeable , Thank you for allowing us to see your car collection!
How did you start off in investing and starting your own business? I have a few automotive business ideas but I have no clue where to begin or who to go to.
Really great advice! Thank you
The question is how to successfully make the $$$?
dang half your salary for a car seems like a lot still... i went with 1/3 and feel nervous about it lol
Good video for people like me who love cars, GET THIS MAN A BAJILLION SUBS
I live two towns over from you and have never seen a Pagani in person. Can I slide? im not kidding lmao
Great video idea. I'm hanging out for a 2016 porsche cayman gt4 as my first super car / investment. I figure a stick shift porsche isn't going to lose much if any value at all over ownership time
When the market was normal you could pick up a low mileage one for about $80k....now they are $140k
You should not even think about buying any kind of nice car until you are INVESTING 20% of your income toward your retirement or future. Just because you can spend 10% of your income on a car doesn't mean you should. You can be wealthy or pretend to be by buying depreciating liabilities with 10% of your income.
Cap rates in CA are so crazy you can't cash flow without 60 to 70% down. And we have rent control, where we have paid 6 figures to tenants to vacate for a single apartment. Don't just buy an income producing property until you know what the basics are!! Great channel!!!
That's why I will NEVER EVER live in California!
@@TheHamiltonCollection haha point taken!! Can't help where your born tho!! Cheers!!! Always great content. 👍
Inflation at 18% too. Hard to find a rental yield north of 20%.
Ithink you should not use defender for daily driving you should use it for hadcore off roading vs your 6x6 maybe your opinion change on defender
Listen guys, if you want a super car but don't care about business, as an you never dreamed or have a high enthusiasm for ice cream and making an ice cream business, don't start a business. DONT. You will burn out and waste tremendous time and money.
Just a get a decent job, buy your first more special car, like a B8.5 S4, and build credit for 6 months. Sell it, get most your money back, and then get something more expensive, but do make sure it is special type car, not average and common. Repeat the process.
Just work for the super car. If its gonna take 10 years to fully automate a business successfully, might as well skip that and work a job you like for 10 years and while you're at it, keep working on that credit history and move up the price latter. Once you get good at this, your 10 years become 5 or even 3 and youll get to that super car sooner.
So don't start a business simply because you want a super car. Business does not equal or translate to super car. You start a business because you already have a passion for whatever thing it is and can make it a business.
If you are young, like in your 16, start as soon as possible. Do what you can to build credit. Early start. You don't want to be like youtuber who got his super car at a later age.
I rather buy multiple houses than multiple supercars.
Wow, really appreciate this actually. I’ve asked myself these questions for years and years.
Porsche GT3 RS is selling for double MSRP and also the same as your McLaren in terms of like needing to have a bunch of Porsche’s to be able to get an GT3 RS. So many people are buying them and selling them right away. I do hope the market pops because I would love to get probably an Huracan or an R8 within a year or 2
@steve Hamilton thanks for the video…. Wife and I have made investment and currently live debt free, no mortgage, no car payments, money in the bank… I’m about a year from being able to pay cash for a McLaren 720s (the supercar that catches my eye most) but when making such an investment when should I start my shopping and how do I determine that I found the one? Should I start with a starter like a R8?
My family isn’t rich at all we’re a typical middle class family my dad is a realtor so money is decent and to treat himself for his 55th birthday he bought a 2009 Lamborghini gallardo for $50k!!! I’m 21 when he lets me take it out ppl swear I’m we’re rich lol he put 22k down his payment around $500/m 😂
Our household income is well over $300k but I drive a 9 year old Infiniti that is probably worth like $15k now. Granted I also have kids which cost me more than what an entry level supercar would cost each year. I dream of owning a Lamborghini or Ferrari but realistically when the kids move out I'll probaby end up getting a vette or something... I'm too cheap to spend over $100k on a car.
I was always taught to buy the smallest home surrounded by huge homes and in a good, safe, desirable area. Exactly what I did! I own it and the value has gone up. The downside…. I can easily afford a $150,000 car but I only have a dbl garage. Lmao
Flex😂😂😂 folks with real money don't buy used supercars to 'flex'!!! They already have a $35MM Citation jet and have no need to impress strangers with their cars!!!
Man I love how you kept this video so real so many people either just say buy a super car if you’re able to or completely stay away but you gave a great realistic outlook
My dream garage is a 3 car garage consisting of these cars:
1: Corvette
2: McLaren
3. Lamborghini
4.5% ?😮 Wow! Here in South Africa we pay about 14%, and I've even seen stories of people paying 19%
I’m looking at getting a Guilia QV and if you budget and don’t buy expensive you can easily afford a 500-600 a month car payment(will do 50% down) and be comfy still with 100-150k salary.
I’d never be able to justify spending that money on a depreciating liability. I’d have to be worth 10 million before considering spending 200-400k on a super car and at that point I’d only lease it cause you get bored of them and you can get rid of it I’d never want to own it unless I speculate that it would increase in value over the years cause it’s rare . But yea I’d only lease and get rid of it for something new every year
I just called premier and woodside. I was going to end up paying 50-60K in interest on a 109K Gallardo. I got a C8 instead.
All your Videos are great, always a joy to watch. :D The Info ones one Steves Business and this are especially inspirational.
Good lord! I make a good amount of money but student loans, house and a Jeep payment crush that 800 a month payment I'm planning for my C8. Good finance in general, pay off as much outstanding debt before getting a super car....
Theyre expensive. useless. inefficient. wasteful
dirty and noisy. Theyre ostentatious and gaudy
and not particularly easy to live with. Some of them
are frightening. Many are hard to drive. Most are
hard to even see out of. But boy do we love them
- we love them with our very souls. Supercars.
The purest and most extreme expression of
automotive performance there is. trundling around
the roads and revving their engines and raising a
single finger to automotive political correctness
everywhere. Long may it continue
Being you put your company’s wheels on the cars could you technically use it as a business expense as advertising to show your product there for a tax deduction?
Probably could, but I do not. Maybe in the future.
At a certain level it costs so much you only run into people that are slimeballs.
Thinking about Ben Mallah types with RR’s is gross.
Can you make a video on what you look for in real estate investments and/or advice based on your past experiences? Thank you!
We touched in it in a few prior videos, but I am sure I'll make a detailed one in the future. Good suggestion!
Why are you even talking about buying supercars when the economy is trash right now smmfdh 🤦🏽♂️💯
35 year old business owner looking to buy my first one. I have cool plans toooo! Please help me find out how to reach out to you!!! Thanks!!
I'm more at the "almost super car" car lol. Jag F-Type V8S does me just fine.
The average Millionaire has over 7 streams of income. With that being said if you have multiple streams of income. Owning a Supercar really isn't an obstacle, it's and achievement.
Preach!
realization of reality in a good way 🙏🏻
Well I was going to be patient to buy my dream car but the EU regulations are murdering the industry so now my priorities changed quite a bit.
How much do we need to make to afford all 20? 👀