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      07-27-2017, 07:23 PM   #23
Dinan-M
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Originally Posted by Mexecutioner View Post
For TX you have to make more than $424K a year to be in the top 1%. The average annual income of the top one percent in TX is $1,301,618
That's why I said a lot more than "150k" Believe me I did my homework, and I'm in 1% in Texas. Thanks for the update.
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      07-27-2017, 07:52 PM   #24
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That's why I said a lot more than "150k" Believe me I did my homework, and I'm in 1% in Texas. Thanks for the update.
Feels good to be in the top 0.5% in Texas...
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      07-28-2017, 06:44 AM   #25
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Thanks for explanation. Quite good to know differences between countries.

If you are in top of 1% - what is your job / business?
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      08-15-2017, 12:44 AM   #26
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Top 1 % in the US is $390k annual income. Depending on lifestyle, priorities and family unit I would say you could be an M owner with far less income than that. Another variable would be if the M was your primary car or secondary car. I drive 40k miles per year just for business. I could never justify an M for my primary vehicle.
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      08-18-2017, 04:34 PM   #27
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Thanks for explanation. Quite good to know differences between countries.

If you are in top of 1% - what is your job / business?
I'm not in the top of 1% but I am a Private Equity CFO. My fiancee is a corporate attorney.

I am looking into getting my (then will be) wife an X5M next year. She will qualify for a lease as she likes to upgrade fairly frequently.
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      08-27-2017, 06:24 PM   #28
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Originally Posted by Nuckle View Post
Top 1 % in the US is $390k annual income. Depending on lifestyle, priorities and family unit I would say you could be an M owner with far less income than that. Another variable would be if the M was your primary car or secondary car. I drive 40k miles per year just for business. I could never justify an M for my primary vehicle.
I only make around 140k a year but still afford an F82 and an F85. granted, the F85 was used, but it was still only a few thousand less than my F82 which i bought new.

I live in a suburban town in georgia though where houses are between 150-200k brand new.
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      08-27-2017, 10:41 PM   #29
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Originally Posted by paliknight View Post
I only make around 140k a year but still afford an F82 and an F85. granted, the F85 was used, but it was still only a few thousand less than my F82 which i bought new.

I live in a suburban town in georgia though where houses are between 150-200k brand new.
Wow, I should retire there if one could live like a tycoon at 140k per year. No tornados and floods in that area? What's the downside?
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      08-27-2017, 10:47 PM   #30
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Wow, I should retire there if one could live like a tycoon at 140k per year. No tornados and floods in that area? What's the downside?
downside is, its not a big city lol. its a relatively small city with a population of roughly 300k. not much to do besides outdoors and eating.

definitely no tornados or floods. worst is heavy rainfall every now and then. cant complain.
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      08-28-2017, 06:51 AM   #31
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Originally Posted by Mexecutioner View Post
Quote:
Originally Posted by Dinan-M View Post
I make a lot more than $150k a year. I guess I am in 1%. My bad.
For TX you have to make more than $424K a year to be in the top 1%. The average annual income of the top one percent in TX is $1,301,618
The average is a bit of a wonky metric at that income level. Median might be more interesting.
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      08-30-2017, 07:56 PM   #32
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Hi,

probably it's an unsual individual question. I live in Germany and to afford a X*M you should have a well-payed job or running your own business. Car himself, insurance and all related parts are quite expensive. Of course not for everybody. I know in US the car costs fewer and gasoline is lower taxed and cheaper than here.

How are you able to afford this lovely car?
work hard
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      08-30-2017, 08:50 PM   #33
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Quote:
Originally Posted by paliknight View Post
I only make around 140k a year but still afford an F82 and an F85. granted, the F85 was used, but it was still only a few thousand less than my F82 which i bought new.

I live in a suburban town in georgia though where houses are between 150-200k brand new.
I live in SF Bay where houses are between $1M to $1.5M brand new. It all comes down to different life style people choose to live with. I saw people live in apartment and drive Tesla model X P100D...right, i have the same question as you do. How the F he / she charge the car? I guess super charging station.

My friend's wealthy uncle drives a Prius and looks like a guy work at Walmart. He owns more than 6 different real estate and each one is more than $1M. The house he lives is at the top of the hill which worth $3.5M today.

We are lucky live in U.S. where cars come pretty cheap compare with other countries like China, Singapore or UK. Price of a new Scion FR-S: $43,919 in China.
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      08-31-2017, 10:27 AM   #34
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Quote:
Originally Posted by paliknight View Post
I only make around 140k a year but still afford an F82 and an F85. granted, the F85 was used, but it was still only a few thousand less than my F82 which i bought new.

I live in a suburban town in georgia though where houses are between 150-200k brand new.
I live in SF Bay where houses are between $1M to $1.5M brand new. It all comes down to different life style people choose to live with. I saw people live in apartment and drive Tesla model X P100D...right, i have the same question as you do. How the F he / she charge the car? I guess super charging station.

My friend's wealthy uncle drives a Prius and looks like a guy work at Walmart. He owns more than 6 different real estate and each one is more than $1M. The house he lives is at the top of the hill which worth $3.5M today.

We are lucky live in U.S. where cars come pretty cheap compare with other countries like China, Singapore or UK. Price of a new Scion FR-S: $43,919 in China.
Yeah for sure. I mean I live super comfortably and my house is brand new in a really nice area. It's just the cost of living is so low and my salary is super high relative to.

It's also personal preference. Some people don't care about cars and prefer to spend most of their disposable income on vacations, for example.
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