A Car Enthusiast In His Late 20s Earning More Than $500K Per Year Shares When He Felt Ready To Buy A Ferrari: 'I Didn't Miss The Money At All'

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A car enthusiast who is in his late 20s and earns more than $500,000 per year decided that he was ready for a Ferrari F360 Spider. He has built a $1.5 million nest egg and had been "mulling over it ...

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He has built a $1.5 million nest egg and had been \"mulling over it ...</p>\n\n<a href=\"https://www.benzinga.com/personal-finance/management/25/11/49127392/a-car-enthusiast-in-his-late-20s-earning-more-than-500k-per-year-shares-when-he-felt-ready-to-buy-a-ferrari-i-didnt-miss-the-money-at-all\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://www.benzinga.com/personal-finance/management/25/11/49127392/a-car-enthusiast-in-his-late-20s-earning-more-than-500k-per-year-shares-when-he-felt-ready-to-buy-a-ferrari-i-didnt-miss-the-money-at-all","article_id":"2588713420","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/11/30/Ferrari.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/personal-finance/management/25/11/49127392/a-car-enthusiast-in-his-late-20s-earning-more-than-500k-per-year-shares-when-he-felt-ready-to-buy-a-ferrari-i-didnt-miss-the-money-at-all","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2588713420","pubTimestamp":1764535860,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"A car enthusiast who is in his late 20s and earns more than $500,000 per year decided that he was ready for a Ferrari F360 Spider. He has built a $1.5 million nest egg and had been \"mulling over it for over a year\" before finally feeling ready to buy his dream car.He then explained on Reddit the finances behind it and why he felt ready to make the big purchase despite regularly contributing to his portfolio.\"I didn't miss the money at all,\" he said.\"By all accounts, I stole a Ferrari,\" the car enthusiast told Reddit. He then said that very similar cars typically go for $140,000 before repairs and preferential changes.\"I'm already at the top of my net worth and income bracket, and we're going to die,\" he said.\"I know the badge brings preconceived notions that aren’t necessarily positive,\" he said.Sometimes, it's worth making the big purchase. You can't really just","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4585":"ETF&股票定投概念","RACE":"法拉利","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4555":"新能源车","BK4547":"WSB热门概念","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4077":"互动媒体与服务","BK4099":"汽车制造商","BK4588":"碎股"},"translate_title":"一位20多岁的汽车爱好者，当他准备购买一辆法拉利时，每年的股票收入超过50万美元：“我根本没有错过这笔钱”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RACE":1.5},"content_text":"A car enthusiast who is in his late 20s and earns more than $500,000 per year decided that he was ready for a Ferrari F360 Spider. He has built a $1.5 million nest egg and had been \"mulling over it for over a year\" before finally feeling ready to buy his dream car. \nHe then explained on Reddit the finances behind it and why he felt ready to make the big purchase despite regularly contributing to his portfolio.\n\"I didn't miss the money at all,\" he said. \nDon't Miss:\nThe car enthusiast did not buy a new Ferrari F360 Spider. He found a dealer that offered a used vehicle and ran it through inspection to determine the vehicle's condition. After assessing what maintenance was necessary, the car enthusiast negotiated and ended up buying the Ferrari for $90,000. He estimated that he will have to invest $100,000 in repairs and an additional $10,000 in preferential changes.\n\"By all accounts, I stole a Ferrari,\" the car enthusiast told Reddit. He then said that very similar cars typically go for $140,000 before repairs and preferential changes. \nOpting for a used Ferrari allowed him to avoid most of the depreciation curve. Buying a new car with zero miles would have cost a lot more. However, you may not need a car with zero miles if you don't intend to use it often.\n\"I don't know how much I'll actually drive this compared to my other cars,\" the car enthusiast said.\nTrending: Bill Gates Invests Billions in Green Tech — This Tree-Free Material Could Be the Next Big Breakthrough\nThe car enthusiast acknowledged the opportunity cost of buying the Ferrari while pointing out that he owns \"about $218,000 in cars\" with a cost basis of $183,000. However, he reasoned that his high income gave him enough flexibility to buy his dream car while saving for his future.\n\"I'm already at the top of my net worth and income bracket, and we're going to die,\" he said.\nTrue to the idea of only living once, he financed the car with an Interactive Brokers margin loan at 5% APR. It's a risky move, but the car enthusiast says that he has been aggressively investing for seven years.\n\"I'll be paying back this loan aggressively over the next six months,\" he said.\nSee Also: GM-Backed EnergyX Is Solving the Lithium Supply Crisis — Invest Before They Scale Global Production\nAlthough the car enthusiast just bought his dream vehicle, he's not in a rush to show it off to family, friends, and coworkers. He prioritized this purchase for the driving experience instead of trying to be flashy.\n\"I know the badge brings preconceived notions that aren’t necessarily positive,\" he said.\nDriving in a Ferrari can signal a high net worth, and he prefers to keep a subtle profile in his social circles. It's hard to justify buying a Ferrari from an ROI perspective, especially when the same money could have gone to stocks. However, the high earner's story is a valuable lesson for other people who have meticulously saved money for many years. \nSometimes, it's worth making the big purchase. You can't really justify these types of expenses if you look at the opportunity cost alone, but it is just as important to consider if the purchase will make you feel happy or act as a significant milestone.\nRead Next: Have $100k+ to invest? Charlie Munger says that's the toughest milestone — don't stall now. 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