WELCOME TO RIVER DAVES PLACE

Honest question for RDP...

BHC Vic

cobra performance boats
Joined
May 24, 2014
Messages
22,745
Reaction score
13,720
About the same on income. My kids are gone but in some ways still doing a little catch up from when we made sure THEY had what was needed to be successful. Wouldn’t change it at all. I want for nothing. But I desire a bunch. I’m also doing better than most but not near as good as many. I stopped trying to judge my accomplishments by what others had a long time ago.


Sent from my iPhone using Tapatalk
I’m learning to not compare myself to others. I’m in to different things. I own animals and that’s expensive, but it’s what we like
 

rivermobster

Club Banned
Joined
Dec 28, 2009
Messages
39,793
Reaction score
20,823
I've always worked for high end car dealerships. BMW, Bentley, Rolls Royce, Lexus and have met a whole lot of clients.

These people have come from every walk of life. And like other have said, mostly owners of their own business.

But a lot are W2 employees also. You can make Damm good money with the right business degree.

I told the finance manager at a dealership one day (I was very young at the time), I wonder how these people got so smart, to have all this money?

He looks at me and says...

Now what makes you think just because someone has money, that they are smart?

I had no answer for that.

I dated a girl whose family owned a HUGE so cal business. They had a nice house on the wedge. They were some of the most fucked up people I've ever encountered.

I've also met Bentley owners that were some of the nicest people ever.

I'd like to be able to say they all had one thing in common (so I could follow that path), but they don't.

Enjoy what you have. 👍
 

LargeOrangeFont

Steering RDP Towards Political Moderation 😁
Staff member
Joined
Sep 4, 2015
Messages
27,422
Reaction score
36,577
It’s ppp money all my contractor buddies applied and received funds not my co I work for everything we own and sleep great at night
Truth. There was no wealth before April 2020 when the government started handing out money to people. They just started making Lamborghinis DCBs and big houses last year!
 

Jay Dub

Well-Known Member
Joined
Jun 11, 2020
Messages
240
Reaction score
301
I am always blow away at the quality and build of these one off custom boats with more in the engine drive package than I paid for my house so the honest question for us dreamers... what kind of occupation does one have to be in to afford these 175-250k+ plus water toys that seem to be all over the place?? not like there is 2-3 running around but a shit load of them on any giving day.
I have asked this same question many times.
 

B1gord

Well-Known Member
Joined
Aug 16, 2017
Messages
70
Reaction score
200
Cheap/easy money. Inflated prices on historically depreciating assets. Domestic energy independence due to the Keystone pipeline. Stability in the Middle East, a fiscally conservative congress. What could go wrong?
 

4Waters

4Waters
Joined
Aug 28, 2016
Messages
15,684
Reaction score
33,671
I've always worked for high end car dealerships. BMW, Bentley, Rolls Royce, Lexus and have met a whole lot of clients.

These people have come from every walk of life. And like other have said, mostly owners of their own business.

But a lot are W2 employees also. You can make Damm good money with the right business degree.

I told the finance manager at a dealership one day (I was very young at the time), I wonder how these people got so smart, to have all this money?

He looks at me and says...

Now what makes you think just because someone has money, that they are smart?

I had no answer for that.

I dated a girl whose family owned a HUGE so cal business. They had a nice house on the wedge. They were some of the most fucked up people I've ever encountered.

I've also met Bentley owners that were some of the nicest people ever.

I'd like to be able to say they all had one thing in common (so I could follow that path), but they don't.

Enjoy what you have. 👍
Some of the dumbest people I have met have degrees
 

DWC

Well-Known Member
Joined
Nov 9, 2012
Messages
5,551
Reaction score
8,054
I've always worked for high end car dealerships. BMW, Bentley, Rolls Royce, Lexus and have met a whole lot of clients.

These people have come from every walk of life. And like other have said, mostly owners of their own business.

But a lot are W2 employees also. You can make Damm good money with the right business degree.

I told the finance manager at a dealership one day (I was very young at the time), I wonder how these people got so smart, to have all this money?

He looks at me and says...

Now what makes you think just because someone has money, that they are smart?

I had no answer for that.

I dated a girl whose family owned a HUGE so cal business. They had a nice house on the wedge. They were some of the most fucked up people I've ever encountered.

I've also met Bentley owners that were some of the nicest people ever.

I'd like to be able to say they all had one thing in common (so I could follow that path), but they don't.

Enjoy what you have. 👍
Sounds like your finance person was pretty bright.
 

Havasu blue label

Well-Known Member
Joined
Nov 30, 2018
Messages
2,282
Reaction score
1,134
Money has been around a long time son just look at the new money that’s here rumor is you are very wealthy and loaded keep up the good work
 

hallett21

Well-Known Member
Joined
Nov 9, 2010
Messages
9,516
Reaction score
6,488
I’ve met people with 500k+ boats that live in condos. And people with 10k boats that own 10+ commercial/residential leased properties.

I’d say 90% are self employed.

But You can spend your money anyway you see fit.


Sent from my iPhone using Tapatalk
 

rivermobster

Club Banned
Joined
Dec 28, 2009
Messages
39,793
Reaction score
20,823
What's REALLY weird is where the NEW money is coming from. It's hard for me understand the YouTube Influencer bull shit, but there is NO DOUBT that it's real.

Makes zero sense to me, but this dude has 108 MILLION followers...

As of 2021, PewDiePie's net worth is estimated to be $40 million. Felix Arvid Ulf Kjellberg, who is famously known by his online pseudonym PewDiePie, is a Swedish YouTuber

 

scottchbrite

Well-Known Member
Joined
Jul 16, 2012
Messages
626
Reaction score
790
Every good samaritan firefighters I've ever known, somehow had the time to manage one or several side businesses.
And your point is?
It’s not so much the occupation it’s more about passion, determination, focus, goals, priorities, risk taking, drive - that sort of stuff.
^^^^^^^ A majority of the guys that I work with, that have a business also, fit this mold right here. Btw, I’m one of those guys that has a business that I started, employee and all, and work my fair share of force hires (4-5 a month). I don’t have a lot of free time, just saying. I also dont have a boat right now either!
 

Taboma

Well-Known Member
Joined
Apr 4, 2008
Messages
8,644
Reaction score
10,981
And your point is?

^^^^^^^ A majority of the guys that I work with, that have a business also, fit this mold right here. Btw, I’m one of those guys that has a business that I started, employee and all, and work my fair share of force hires (4-5 a month). I don’t have a lot of free time, just saying. I also dont have a boat right now either!
My point is, the nature of their job schedule seems to allow for multiple occupations and as such, most I've know seem well positioned when they retire.
It's certainly not a job for everybody, but it comes with an implied "Good Guy" reputation that seems to open a lot of doors.
 

Nanu/Nanu

Well-Known Member
Joined
Jul 30, 2020
Messages
360
Reaction score
497
1 bite at a time. I think some people started out with something managble paid it off sold it then upgraded for a little more pay it of sell it upgrade so on and so forth and after x amount of years the arrive at the point of having something nice and new. I think the biggest thing we have in common is we all sell sweat.
 

DWC

Well-Known Member
Joined
Nov 9, 2012
Messages
5,551
Reaction score
8,054
Agree with the most that self employed peeps are the majority of the baller boats. Tax advantages are nice but their gross income doesn’t hurt :oops:.
 

RiverDave

In it to win it
Joined
Sep 13, 2007
Messages
105,278
Reaction score
88,414
Had a interim boss years ago and he's spouting off on his degree's and a coworker says totally deadpan ,well that was a gigantic waste of money... His expression was priceless and we were about to fall out of our chairs.
Plant manager told me one time the degree is relevant because it shows the employee set a difficult task and accomplished it. Education picked up along the way is a bonus.
 

DWC

Well-Known Member
Joined
Nov 9, 2012
Messages
5,551
Reaction score
8,054
Had a interim boss years ago and he's spouting off on his degree's and a coworker says totally deadpan ,well that was a gigantic waste of money... His expression was priceless and we were about to fall out of our chairs.
I don’t have a degree and at this point I’m not going back and getting one. Having one doesn’t mean you’ll be good at your job but it’s a way for employers to whittle down the applicant list. HR teams with degrees make the rules in most large companies..
 

caribbean20

Well-Known Member
Joined
Mar 4, 2011
Messages
606
Reaction score
699
It was true in the 70s and is still true today, a boatload of fun can be had on a cheap boat, with a cooler, boom box, good friends and family. It’s really not about the boat.
Here, here. Those are my best memories. All my life it’s been about a boat I own or one a friend owns, starting with a little 16’ Hondo flatty. I’m a boat guy and will always be one.
 

monkeyswrench

Well-Known Member
Joined
Sep 7, 2018
Messages
10,726
Reaction score
21,456
I'm glad people have the coin to buy the boats, cash or finance. I started with crappy old boats and pwc's. Guess what, I have different crappy old boats and pwc's. I have kids, a river pad and my house here. Life's pretty good. Never missed a kids awards or sport, and can be able to split for anything they need. It's all in what you want. Don't sweat what others have, there's a chance they some part of them wants something like you have.
Life's shorter than you plan. Try to do whatever you really want. You'll be a hero or a zero, but you won't know till you try.
We all just wait for warm weather!
 

RiverDave

In it to win it
Joined
Sep 13, 2007
Messages
105,278
Reaction score
88,414
This conversation leads into a second conversation that most are pretty uncomfortable about having. Which is about money and how much an individual knows about it, and what is their primary goal.. is it only to make money? Or is it something else.

I will freely admit I know how to make money.. More than most.. I know very little about generating wealth.
While I’m good at making money I’m horrible at keeping it.. and again terrible at seeing money that can be made that’s just sitting there.

I hung out with 2FF Steve when we went to get my motorhome.. I’ve already made over ten grand just from a quick life lesson from hanging out with that guy for one full day and absorbing.

Ive hung out with others recently and it truly opened my eyes as to what’s possible if you know what you are doing. I wish I knew more.

Seems that those that don’t know don’t want to talk about it, or at a minimum are uncomfortable.. and those that do know about it kinda want you to figure it out on your own.

When I say “it” I’m talking about wealth not money. Money’s easy.. wealth is hard.

My old man gave me all the skills to make money.. Gave me zero skills on how to keep it or make it work for me.
 

CarolynandBob

Well-Known Member
Joined
Nov 22, 2016
Messages
766
Reaction score
1,115
This conversation leads into a second conversation that most are pretty uncomfortable about having. Which is about money and how much an individual knows about it, and what is their primary goal.. is it only to make money? Or is it something else.

I will freely admit I know how to make money.. More than most.. I know very little about generating wealth.
While I’m good at making money I’m horrible at keeping it.. and again terrible at seeing money that can be made that’s just sitting there.

I hung out with 2FF Steve when we went to get my motorhome.. I’ve already made over ten grand just from a quick life lesson from hanging out with that guy for one full day and absorbing.

Ive hung out with others recently and it truly opened my eyes as to what’s possible if you know what you are doing. I wish I knew more.

Seems that those that don’t know don’t want to talk about it, or at a minimum are uncomfortable.. and those that do know about it kinda want you to figure it out on your own.

When I say “it” I’m talking about wealth not money. Money’s easy.. wealth is hard.

My old man gave me all the skills to make money.. Gave me zero skills on how to keep it or make it work for me.
This. Making money was easy. You are correct that wealth is hard. I don't know how either. The only thing I was good at with money is saving it. I am probably too conservative and afraid of too much risk to ever be wealthy.

I do have enough to last my lifetime and keep the same standard of living which is fine with me as I am happy. Although, if you figure out the wealth part let me know. LOL
 
Last edited:

Warlock1

Well-Known Member
Joined
Feb 15, 2011
Messages
2,522
Reaction score
1,539
This conversation leads into a second conversation that most are pretty uncomfortable about having. Which is about money and how much an individual knows about it, and what is their primary goal.. is it only to make money? Or is it something else.

I will freely admit I know how to make money.. More than most.. I know very little about generating wealth.
While I’m good at making money I’m horrible at keeping it.. and again terrible at seeing money that can be made that’s just sitting there.

I hung out with 2FF Steve when we went to get my motorhome.. I’ve already made over ten grand just from a quick life lesson from hanging out with that guy for one full day and absorbing.

Ive hung out with others recently and it truly opened my eyes as to what’s possible if you know what you are doing. I wish I knew more.

Seems that those that don’t know don’t want to talk about it, or at a minimum are uncomfortable.. and those that do know about it kinda want you to figure it out on your own.

When I say “it” I’m talking about wealth not money. Money’s easy.. wealth is hard.

My old man gave me all the skills to make money.. Gave me zero skills on how to keep it or make it work for me.
Sign me up for the RDP/2FF Wealth building series as I seriously need to get my shit right....
 

LargeOrangeFont

Steering RDP Towards Political Moderation 😁
Staff member
Joined
Sep 4, 2015
Messages
27,422
Reaction score
36,577
This conversation leads into a second conversation that most are pretty uncomfortable about having. Which is about money and how much an individual knows about it, and what is their primary goal.. is it only to make money? Or is it something else.

I will freely admit I know how to make money.. More than most.. I know very little about generating wealth.
While I’m good at making money I’m horrible at keeping it.. and again terrible at seeing money that can be made that’s just sitting there.

I hung out with 2FF Steve when we went to get my motorhome.. I’ve already made over ten grand just from a quick life lesson from hanging out with that guy for one full day and absorbing.

Ive hung out with others recently and it truly opened my eyes as to what’s possible if you know what you are doing. I wish I knew more.

Seems that those that don’t know don’t want to talk about it, or at a minimum are uncomfortable.. and those that do know about it kinda want you to figure it out on your own.

When I say “it” I’m talking about wealth not money. Money’s easy.. wealth is hard.

My old man gave me all the skills to make money.. Gave me zero skills on how to keep it or make it work for me.
Generating wealth is a daily discipline, not an event.
 

lakemadness

Grobe Bruste Bitte
Joined
Sep 25, 2009
Messages
3,415
Reaction score
2,150
This conversation leads into a second conversation that most are pretty uncomfortable about having. Which is about money and how much an individual knows about it, and what is their primary goal.. is it only to make money? Or is it something else.

I will freely admit I know how to make money.. More than most.. I know very little about generating wealth.
While I’m good at making money I’m horrible at keeping it.. and again terrible at seeing money that can be made that’s just sitting there.

I hung out with 2FF Steve when we went to get my motorhome.. I’ve already made over ten grand just from a quick life lesson from hanging out with that guy for one full day and absorbing.

Ive hung out with others recently and it truly opened my eyes as to what’s possible if you know what you are doing. I wish I knew more.

Seems that those that don’t know don’t want to talk about it, or at a minimum are uncomfortable.. and those that do know about it kinda want you to figure it out on your own.

When I say “it” I’m talking about wealth not money. Money’s easy.. wealth is hard.

My old man gave me all the skills to make money.. Gave me zero skills on how to keep it or make it work for me.
This is what I was getting at with my post. There’s a big difference between rich and wealthy. Working/making money or getting a big pay day is wildly different than wealth. It’s very intriguing to me.

The difference between a rich person and a wealthy person is that a wealthy person has sustainable wealth. Their investments are working for them and will for a long time with little to no “work”. Multiple investments
providing cash flow while appreciating. A wealthy person will always be wealthy, someone who is merely rich will only be so for a short period of time until the money is gone.

I’ve known a few rich people. Their flashily things will be worth little eventually. Their earning potential will fizzle out. They tend to have numerous depreciating assets. They like to flaunt, tell you things wealthy people usually keep to themselves. Stereotyping yes, but I believe it matches perfectly. Rich people file BK.

Wealthy people might have some hiccups, bad deals, lose some cash whatever. But it’s not changing whats on the dinner table or where they vacation.

Another thing I find very interesting is how social interactions are wildly different between the two types. Rich will discuss/ask what you do for a living, what do you make, what did that toy cost, what’s your payment, let’s measure dicks type of shit. None of that is part of an interaction with wealthy individuals. In ways it’s mysterious. You can get an educated idea of ones wealth when they make a deal if you have a clue. Cash is king, discreetness pays and time is money.

I cringe when someone asks me what I paid for something or what I profited on something. Really puts their level of class on the table.
 

beaverretriever

Catchy Custom User Title
Joined
Sep 24, 2007
Messages
3,213
Reaction score
7,199
Interesting conversation as my wife and I chat about it quite a bit. When I was sellig Nautiques and Sangers I learned a lot about where money was coimg from. Basically anyone buying a boat under 100k was financing and anything over a 100k they were paying cash. Not always the case, but at least in our area this is what I was seeing 90% of the time.

Others will argue and probably be pissed when I say this; but if you are only making 200k a year you sure as hell shouldn't be buying a boat that is 150k as that is insane.

My wife and I are always blown away at people we know that we are sure don't make what we make and rhey have multiple expensive cars, SXSs, boats and more.

Financing is a hell of a drug.
 
Last edited:

LowRiver2

Well-Known Member
Joined
Sep 20, 2007
Messages
7,871
Reaction score
13,731
Interesting conversation as my wife and I chat about it quite a bit. When I was selli g Nautiques and Sangers I learned a lot about where money was coimg from. Basically anyone buy a boat under 100k was financing and anything over a 100k they were paying cash. Not always, but at least where we were this was happening 90% of the time.

Others will argue probably be pissed when I say this; but if you are only making 200k a year you sure as hell shouldn't be buying a boat that is 150k a year. That is insane.

My wife and I are always blown away at people we know that we are sure don't make what we make and rhey have multiple expensive cars, SXSs, boats and more.
You are correct , especially for anyone in Ca.
 

lakemadness

Grobe Bruste Bitte
Joined
Sep 25, 2009
Messages
3,415
Reaction score
2,150
Education is funny too. I flunked out of college because I cared more about the business I was starting. I love the saying; A students work for C students.

The other good line; if you don’t have goals you’re part of someone else’s goals.
 

Gelcoater

Well-Known Member
Joined
Sep 26, 2009
Messages
17,976
Reaction score
22,350
I am always blow away at the quality and build of these one off custom boats with more in the engine drive package than I paid for my house so the honest question for us dreamers... what kind of occupation does one have to be in to afford these 175-250k+ plus water toys that seem to be all over the place?? not like there is 2-3 running around but a shit load of them on any giving day.
175-250 gets you a nicely equipped deck boat or twin engine outboard cat in the 25-28 foot range.

The customers income sources are as diverse as could be. Like many have pointed out, lots of retiring FD and LE, pot guys, lol, and everywhere in between. Regular ma and pa who have had used toys most of their lives finally saved enough to make a move on their last river toy and it’s going to be new!
Plumbers, painters, pro ball players, casino owners, etc and can think of a couple guys who would stop by on their lunch break wearing fluorescent vests. These are guys that get dirty and do physical work.

Is as diverse as the age range.
Done stuff for guys in their early 20s and did one for a guy who was 80. He was building a twin o/b cat capable of 110+, lol.
 

beaverretriever

Catchy Custom User Title
Joined
Sep 24, 2007
Messages
3,213
Reaction score
7,199
Short list of people I sold boats to that spent over a 150k.

1. Oral surgeon
2. Kid who sold his drink company to Coca Cola.
3. Rich kid whose dad started a cookie/nutrition bar company
4. Guy who builds cell towers and e car charging stations.
5. Guy who has chain of payday loan companies (this guy was crazy rich).
6. Guy who sells dirt. Literally dirt to construction companies and builders.
7. Another kid with wealthy parents who handed him them their company.
8. Drug dealer who became a real estate mogul.


So let me say; that I'm ok with someone who makes 200k a year wants to buy a 150k boat. If that's all they do and enjoy it, go for it. Meaning they dont travel, have a beautiful home or many other things. What's crazy, is so many people who do have 150k boats that make 200k a year also have a new Can Am, lifted trucks a new Lexuit for the wife and more.

My wife and I want to be able to live without jobs for the next 10 years if we needed too. Many people don't care if they are living paycheck to paycheck as long as they have that shiny new car in the driveway.
 
Last edited:

LargeOrangeFont

Steering RDP Towards Political Moderation 😁
Staff member
Joined
Sep 4, 2015
Messages
27,422
Reaction score
36,577
Short list of people I sold boats to that spent over a 150k.

1. Oral surgeon
2. Kid who sold his drink company to Coca Cola.
3. Rich kid whose dad started a cookie/nutrition bar company
4. Guy who builds cell towers and e car charging stations.
5. Guy who has chain of payday loan companies (this guy was crazy rich).
6. Guy who sells dirt. Literally dirt to construction companies and builders.
7. Another kid with wealthy parents who handed him them their company.
8. Drug dealer who became a real estate mogul.
Dirt brokers are legit. Guy told me when I was 18 to be a dirt broker. I should have listened lol.
 

C-Ya

Well-Known Member
Joined
Oct 31, 2008
Messages
314
Reaction score
738
This is an interesting thread.......

However...... it is one thing to see million dollar boats on Lake Havasu, BUT if you spent an afternoon boating around South Florida, you will see so many boats that are north of 1 million, you wouldn’t be able to count them all. It looks like it is raining Baller Money here! I have stopped wondering where all the wealth comes from?

Here’s an example of a BALLER!

The owner of Pier 66 bought the entire hotel and marina complex so that he could park his 3 Super Yachts there. The smallest is 240’ and the badass, and I mean BADASS, 320’ footer is so unbelievably beautiful, I almost get in a boat accident every time I boat by it...... just because I am staring at it so long. Geez..... even the multiple helicopters and tenders are all painted to match..... Blue Steel.

The guy above is just an example of many! Seriously...... it’s ridiculous!
 

Desert Whaler

Well-Known Member
Joined
Oct 28, 2020
Messages
532
Reaction score
1,440
At a young age I chose to work harder not smarter . . . now it's too late, I'm too old, and my body is too tork'd.
So I'm content with what little I do have, and often take the time to enjoy life, my surroundings, and smell the roses.
 

lakemadness

Grobe Bruste Bitte
Joined
Sep 25, 2009
Messages
3,415
Reaction score
2,150
This is an interesting thread.......

However...... it is one thing to see million dollar boats on Lake Havasu, BUT if you spent an afternoon boating around South Florida, you will see so many boats that are north of 1 million, you wouldn’t be able to count them all. It looks like it is raining Baller Money here! I have stopped wondering where all the wealth comes from?

Here’s an example of a BALLER!

The owner of Pier 66 bought the entire hotel and marina complex so that he could park his 3 Super Yachts there. The smallest is 240’ and the badass, and I mean BADASS, 320’ footer is so unbelievably beautiful, I almost get in a boat accident every time I boat by it...... just because I am staring at it so long. Geez..... even the multiple helicopters and tenders are all painted to match..... Blue Steel.

The guy above is just an example of many! Seriously...... it’s ridiculous!
Lot of old money livin life there for sure.
 
Top