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Discussion Starter #1
Hi folks!

First of all, I did not know where to post this thread, so I am sorry if this is absolutely wrong. What I wondered is if there are anyone from Norway here and what kind of job you guys/women have? I know it is a silly question, but my dream is to have a wonderful ferrari girlfriend in my garage when I get older. :tongue2: How is it to drive around in a Ferrari. I must say that the Ferrari F-430 is my dreamcar... I am hoping for some good answers even that I maybe asked a silly question..

Rullest0l:tongue2:

PS: Im sorry if my english is not that great, I am from Norway..
 

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If you would like to own a Ferrari without having to dream about it, follow the most difficult course to higher education and secure a professional degree.

Nothing can build a future as can an education.

Get that first, and the rest will follow.
 

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If you would like to own a Ferrari without having to dream about it, follow the most difficult course to higher education and secure a professional degree.

Nothing can build a future as can an education.

Get that first, and the rest will follow.
Ah, so true. I am on that wonderful journey at the moment, but it will all pay off in the end.

Chris
 

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Discussion Starter #4
It's typical, you only answered my "silly" question. Haha!! One day, I hope to have enough money to buy myself a Ferrari F-430. The biggest problem is that I want to be a police officer, and they don't earn a lot. Or it will be Osteopathy, a alternative medicine education. We'll see!!! Anyway, thanks for answers!
 

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yeah, study hard, I mean HARD, and you'll get the rewards sooner than you think

and also, BE NICE to people, that will get you very far as well
 

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Discussion Starter #6
hehe... Yup! I will try:D I will post some photos when the time has come. In about 15years?? hehe! Well, thanks folks..
 

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NOT a silly question! when i was a kid i had two posters on my wall, guess what they are? Ferrari Testarossa and Lambo Countach, i got my F-car when i turn 32 no Countach yet. when you finish college will talk again, remember a Ferrari is only a car, when you get older there're lots of things will temp you, boats planes women wine and other finer things in life you get the idea, there are lots of members here will tell you the same. once you get there is not that big of a deal! Work hard at school stay focus and with plenty of luck, you are half way there!! For your reference check out some of the members here and see what we do for a living and you'll have an idea, but we can't tell you how we got here, but we're here that's all it matters, enjoy the journey.

The journey is the destination!!!
 

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The question shouldn't be 'how do I get to own a Ferrari', it should be 'how do I get to be successful'.

That you have to be passionate about what you do and be dedicated and smart goes without saying. But the biggest lessons in life I've learnt are:

1. Make your money work for you.

This is the biggest single revelation I've had. It does not matter how much money you have, but if you have some that you don't need immediately, you become empowered. It gives you options. You can save it for a rainy day, invest it, take the right person out for dinner or whatever. If you live from paycheck to paycheck, you are always struggling to improve your lifestyle. It also makes your job more enjoyable if you are an employee. Knowing that you can walk away from your job and survive for a couple of months makes the job so much easier to deal with.

2. Start accumulating money as early as possible. You should start in your teens!

I neglected to do this. It took until I was 32 before I paid off my student loan, paid off my first car, and paid off the credit cards. The freedom that came with it changed my life. Life becomes so much easier and more pleasurable when you don't have to worry whether you should or should not buy that DVD or whether you can afford to go out tonight.

3. Don't spend money you don't have.

Don't take loans unless it is absolutely necessary (such as a house). And if you do, make it as small as possible. Use large downpayments. For instance: buy your first car cash. It'll be a piece of junk but you'll survive using it for a year or two which enables you to save up some money. Also, don't buy new cars until you're really well set-up. Depreciation kills most people's earnings. In Holland, most people earn 30,000 euro a year or so but they are prepared to suffer 10,000 euros depreciation on a car in a year! Similarly, buy a small house first and move up later. It'll cost you transfer fees but those will be less than renting whilst you're saving up for the bigger house.

4. Save at least 10% of your earnings every month.

You can do this whether you earn $500 a month or $500,000. Anyone can afford to be 10% more frugal, just by making the right choices. If you keep it up, by your mid-20ies you should have a very nice nest-egg that will start to work for you. And as the years go by, of course, that 10% will become larger and larger. It'll also be an automatic thing. You won't even think about it.

5. Do something other people don't or won't.

By definition, a successful person is not one of the crowd. So whatever the crowd is doing is not the right thing to do. Just keep that in mind. All successful people I know are either entrepeneurs (which means that they've made their money work for them by building a business out of it) or they are specialists who can do something others can't. Examples of the latter category are: ex-pats in construction or mining (that's me), dentists or doctors, consultants (if you're special enough - plenty of low earning consultants out there, you need to find a specialty field) etc.

All these options require sacrifices. I am only home 60 days a year, the rest I sit in the jungle. Do I like that lifestyle? Of course not. But it enables me to save up so that I can organise a nice life for me in a couple of years.

6. Taxfree earnings make a hell of a difference.

This option is only open to you (legally I mean) if you work as an ex-pat. The company you work for can offer to pay your taxes in the country where you work. Since you are out of your own country most of the time, you are quite often not required to pay tax there (although this varies from country to country).

7. Don't think that there are no thunderstorms coming

The latest financial crisis shows it clearly: if you are in debt, you are in trouble! If you have money (I'm talking real money - not stocks etc), there is nothing to worry about - in fact, this market gives you opportunity. You can buy stock cheap and sell it on when the market sorts itself out. But even if you don't do that - if you have money, you can whether the storm. It's the old saying: make hay while the sun shines! If times are good, save up for the bad times.

8. DO YOUR OWN CALCS!!! ALWAYS CALCULATE THE TOTAL AMOUNT YOU MUST PAY!

It's amazing how people just look at a monthly payment and make a decision on it. Here's a lesson for you: NOTHING IS FREE! If someone gives you a loan, he's charging you money for it. Money you could have used to enrich yourself. So - make sure you know how much you're going to pay him and that it fits in your plans.

9. Plan ahead.

Every couple of months I do a plan. What will I be earning, what do I want to buy, what are my monthly costs, what will my financial position be in 18 months time? It's amazing how revealing that is. When you really start adding all your costs, you find you've got a lot less money than you thought you had. And perhaps you can't afford what you wanted to buy, just yet. But at least now you know before you bought it.

Hope this helps! Personally, I tell these things to all the people I know but there are VERY FEW that listen to me. Needless to say, they don't get where they could have been.

If you manage to do keep this up, I guarantee you you will be able to afford a splurge and buy that Ferrari (after you've bought your house!). It just requires smart thinking and discipline when it comes to money. After a while, it actually becomes fun! A lot of people are scared of the truth because they are not in control of it. Take control, and enjoy your life!


Onno



Never pay again for live sex! | Hot girls doing naughty stuff for free! | Chat for free!
 

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Discussion Starter #9
Thanks Onno.. I have already started to lay of x% cash every month. I have got one for the future house, and one for other things. i have got about 600.000 NOK=100.000 dollars+/-. And I will work hard, so all of us can take a long ferraritrip together. ha-ha.! But thanks to all of you that have commented on my post. I really appreciate it
 

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Thanks Onno.. I have already started to lay of x% cash every month. I have got one for the future house, and one for other things. i have got about 600.000 NOK=100.000 dollars+/-. And I will work hard, so all of us can take a long ferraritrip together. ha-ha.! But thanks to all of you that have commented on my post. I really appreciate it
That is a good amount of money starting out at 21. By the time I work the first day in my actual career I will be well over $200,000+ in debt. :crazy:

Chris
 

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It's typical, you only answered my "silly" question. Haha!! One day, I hope to have enough money to buy myself a Ferrari F-430. The biggest problem is that I want to be a police officer, and they don't earn a lot. Or it will be Osteopathy, a alternative medicine education. We'll see!!! Anyway, thanks for answers!
Sorry I'm late to this thread. Anybody can own a Ferrari. We do have a police officer, a detective, on this site who is also a Ferrari owner. Follow Onno's advice. Don't seek out a Ferrari, seek out success in whatever field you choose and the Ferrari will come.

BTW - I have been to Norway. I worked for 6 months in the Bergen area. I've also been to Kongberg and Oslo.
 

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Onno, perhaps that was one of the best posts ever on this forum.

The bad thing about it is that you sound just like my father! LOL

The good thing is that you are absolutely RIGHT, I only disagree with the "save 10% of your earnings". My father always said (and I agree 100%) that you have to save at least 20% if you want to change your situation quickly.

Since I am in a very good position, I save from 50 to 60% of what I make every month. In a few weeks that will change to 80 to 90%.

So next March I'll complete my first year as an engineer, and I'll have some serious money already.

That's why I said before that "you'll get the rewards sooner than you think".

In February (of this year!) I had no idea that I'd be in such a good situation in such short time.
 

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The bad thing about it is that you sound just like my father! LOL
Your father sounds like a wise man! :D

I only disagree with the "save 10% of your earnings".
Thing is, I said "at least 10%". 20% is absolutely better, but 10% is a good number if you are new to it. I believe that once you've started, you just can't stop. It becomes a perfectly natural thing to protect your assets and build them up.

It's great to hear you're so enthousiastic about your situation, Stile. That can only be the start of a very special journey, you know. Great stuff!! And I'm envious - when I was your and rullest0l's age, I had no idea. So you see - even if you're clueless you can still end up with a Ferrari or two. :)


Onno



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Onno, my father alternates from brilliant to nothing depending on what is the subject, but overall he is a very good person. But one thing is certain: everything he told me was right, I didn't follow everything he said, but most of the good things in my life right now are a consequence of the times when I did listen to what he said.

About the Ferrari, not sure it will happen for me unless I move to another country - and that's something I don't plan to do.

Still, success and a good life are way beyond having a Ferrari or two in the garage. Of course, it helps, but it isn't everything! hehehehe
 

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Some great advise in this thread. I find myself at 28, on the verge of being able to afford my Ferrari. Education, hard work, SMART work, and financial responsibility have put me where I am now. There are things I have done that pushed me back financially, which at the time were a lot of fun, but I would have my 355 NOW if I would have been more financially responsible. About a year ago I totally changed to frugality. Agressively paying off debt and making my money work for me as stated prior.

To the OP, if you follow the advise in this tread to a tee, you will have a Ferrari and a lot more before you know it. The most difficult part is not straying. Your early 20's offer a lot of temptations, especially if you can afford most of them.

Good luck.
 

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Discussion Starter #18
Thanks for a lot of good advices. I WILL have my own Ferrari one day. Thats for sure:grin:

I just hope to make the correct choice of choosing car. It's not like the Ferrari is going to be my next car, but is is allowed to dream, right?? hehe
 
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