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not as smart as I think
Join Date: Oct 2006
Location: Northern California
Posts: 769
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gift watch thread makes me think net worth...
Every year around Christmas my TV is full of ads showing people giving cars to their significant others. I always think, how silly is that? Who can afford to do that?
So, my question for the think tank is simple... At what net worth do you feel comfortable giving a $40,000 gift without consulting your significant other?
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1978 911SC stock-SOLD 1985 911 Carrera Stock |
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04-05-2022, 06:13 PM
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Snark and Soda
Join Date: Aug 2003
Location: SF east bay
Posts: 24,565
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I'll go with $10M or close.
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Good post? Leave a tip! O - $1 O - $2 O - $3 Last edited by Steve Carlton; 04-05-2022 at 06:22 PM.. |
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04-05-2022, 06:19 PM
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not as smart as I think
Join Date: Oct 2006
Location: Northern California
Posts: 769
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That skit was perfect.
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1978 911SC stock-SOLD 1985 911 Carrera Stock |
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04-05-2022, 06:25 PM
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Almost Banned Once
Join Date: Feb 2009
Location: Adelaide South Australia
Posts: 38,269
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I voted "$5,000,000-$10,000,000"... Lower than 5 million, money still matters.
But a $40,000 gift seems really excessive regardless of your net worth.
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- Peter |
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04-05-2022, 06:27 PM
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Checked out
Join Date: Jun 2009
Location: On a beach
Posts: 10,127
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I know many people in the 5-15 million net worth range.
I can’t think of a single one that ever has, or would, buy a $40k gift without consulting spouse. |
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04-05-2022, 08:08 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,497
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Suggested reading: The millionaire next door
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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04-05-2022, 08:19 PM
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Registered
Join Date: Jul 2006
Location: Honolulu, HI
Posts: 9,806
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Depends if the gift is for the gf, or the wife.
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'24 Tesla Model 3, '22 Tesla Model Y '19 Tacoma '06 Carrera, '79 930 '06 S4 Avant |
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04-05-2022, 11:39 PM
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Join Date: Apr 2002
Posts: 30,367
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Quote:
Mebbe even a flower shop  Does anyone else remember  ?
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04-06-2022, 02:18 AM
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Free minder
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If you can burn a $40k pile of Benjamins on your driveway and not flinch about it, then your net worth is high enough.
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1978 SC Targa, DC15 cams, 9.3:1 cr, backdated heat, sport exhaust https://1978sctarga.car.blog/ 2014 Cayenne platinum edition 2008 Benz C300 (wife’s) 2010 Honda Civic LX (daughter’s) |
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04-06-2022, 03:39 AM
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Join Date: Apr 2002
Posts: 30,367
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Quote:
BTDT.... and I ain't rich .LOTS of folks give their teenage kids a car worth that much too, but I can't relate to that either. How about a $75K wedding for their princess? Burn, baby, burn .... |
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04-06-2022, 03:58 AM
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Registered
Join Date: Jul 2004
Location: Maryland
Posts: 31,396
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The skit was perfect.
While I have "net worth" o'plenty (which is not a viable indicator of wealth IMHO) I can't imagine spending any significant money on a gift, say $1000, without talking to my wife first. I guess we are at the point where we really have everything we need in terms of "stuff". That and we drive cars for a long time: Almost 14 years on the 4Runner, 12 years on my daughters used FJ, 18 years on my son's Tacoma, etc.
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1996 FJ80. Last edited by Seahawk; 04-06-2022 at 04:21 AM.. |
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04-06-2022, 04:12 AM
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Registered
Join Date: Jun 2007
Location: Lake Oswego, OR
Posts: 6,041
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I know some wealthy folks. One wants to buy an NFL Franchise.
$40k is a LOT of discretionary spending. Although I think many here drop that on a car at times. |
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04-06-2022, 04:12 AM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 55,791
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I think there are folks that can do that because their other half just doesn't give a hoot about cars. They are an appliance, and as long as it's shiny and clean and smells good, that's all that matters.
I have a boss that told me that he did it once, but that the missus did not like the car much, so it didn't end up going as well as expected.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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04-06-2022, 04:16 AM
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Join Date: Apr 2002
Posts: 30,367
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Y'all remember the diamond ring commercials from a few years back? The "right" engagement ring amount was suggested to be 2 months salary .... now THAT is a $eriou$ rock for a corporate exec... several million
....I'm neither an exec nor engaged fwiw
Last edited by KFC911; 04-06-2022 at 04:37 AM.. |
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04-06-2022, 04:34 AM
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Join Date: Apr 2002
Posts: 30,367
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I've also never understood parents plunking down 75-100K for a wedding....
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04-06-2022, 04:36 AM
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Vaccinated and Boosted
Join Date: Mar 2007
Location: Ohio
Posts: 1,577
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If I am very close to the person and there is a genuine need and I have the means. No problem. My feeling has always been.... Its only money. And I am not rich. Maybe that's why???
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2013 911 Turbo S 2025 Lexus TX350, 2024 Honda CRV Hybrid 1930 Cadillac V8, 1991 Ford F250, 2023 Chevy Colorado And some garage space.... |
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04-06-2022, 05:37 AM
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Get off my lawn!
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No matter what my net worth, I would never buy a car for my wife without her direct input. She spent weeks on the Porsche AG web site building her dream car online. She researched all the packages, and performance, and features. She put together HER car and the site allows you to print out a single page with a suggested MSRP to take to the dealership. Then you negotiate a final price.
I could have guessed some of the features, but she surprised me on some. One of the members in our local PCA region buys two the three new, or almost new Porsches every year. He bought a GT3RS with 2,000 miles on it and decided it was just to rough riding so he swapped for a 911 Turbo S and, and he traded in his GT4 for the GT3. He never keeps a car more than 6 months. I tease him that the local tax commission sends him birthday and Christmas cards for the taxes he has to pay on cars. He has had a dozen different Porsches in the last 4 years.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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04-06-2022, 05:52 AM
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Join Date: Apr 2002
Posts: 30,367
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The last CEO I had made 15M (per year) the last year I worked there.... heard she drove a brand new Porch too...
Her name was $u$an ....Easy come ... easy go.... for some folks. It's all relative...... |
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04-06-2022, 06:06 AM
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Registered
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$10,000 tax free gifts each year is a simple wealth transfer plan.
You are guaranteed to see your grandkids a lot. 
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1980 911 - Metzger 3.6L 2016 Cayman S |
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04-06-2022, 06:21 AM
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i dont even have a reference datum point here. i am agonizing $250 sunglasses.
my wife wouldnt be happy if i made the car choice for her. she would hate gas guzzler i buy.
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poof! gone |
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04-06-2022, 06:26 AM
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Carrera
