I appreciate the comments. I definitely know the value of picking up real estate in this market. That's why I plan to do just that. But I need to limit my exposure to it. While it is a great investment, it also requires a lot of maintenance and time to manage correctly. I don't mind having a few properties, but I don't think I can foresee myself getting myself in over my head in responsibility.
I'm not gonna jump blindly into the car. I will certainly make sure I have ample cash reserves incase something were to happen. I do spend a lot of money, but I also save a good chunk. That won't change. I guess if I continue going on now without the car and without additional income, I can live a pretty comfortable life, but I continuously try to push myself for more. In my mind, I have made a deal with myself. If I want the car, I have to be willing to earn it. That would entail increasing my earnings at work, in excess of what it will reasonably cost to sustain the costs/maintenance of the 360.
I apologize if my original post came off as cocky, that wasn't my intention. Who knows what the future has in store. We will see. I hope the Ferrari is in that future. And hopefully sooner than later.
Well, my take always is an investment or any asset must stand on its own. It should not rely on any other asset to exist. Rentals, say, may need a bankroll for tough times, but it is a business on its own and should not contribute to, say, a 360 or another property etc.
just my take.
having said that, the maintenance on a well sorted 360 is among the least to worry about. I would budget $1,500/year, but honestly that will most likely accumulate as on a good one will just build, but not a bad budget anyway. I'm just warding against tough times. IT is, truly a toy. Sorry but unless using as a daily driver, it is for entertainment not necessity.
Having said that, I would not be against financing one, IF the monthly payments made cash flow sense.
forget maintenance in the sense you are struggling to watch the gas meter or mileage or amount you spend.
SOooo, this 'toy' will need to stand on it's own....think boat and that is a close analogy, but unlike a boat one can't truly use it daily to gather food stuffs.
I don't know your entire situation and the net is too difficult to appraise it all, but those are my takes.
BTW: As far as easier modern Ferraris to maintain for less money the 360 would be near the top of my list.