Another Financial Genious

RarlyL8 · RarlyL8's Garage

I know I'm not the only one who read the article in February 2003 Excellence #117 about the '73 911T.
This self proclaimed "financial manager" managed to blow $130,000 building a 993 widebody with a 3.6 power plant.
How in the world do these guys manage to mismanage their projects so badly? Jacks new car will kick this guys butt all over the track for a fraction of that cost. Hell, I'd put mine up against it any day.

Nice yes, but $130,000?

johncj8989 · 12-17-2002, 05:52 PM

"This self proclaimed "financial manager" managed to blow $130,000 building a 993"

I think what he did was..... "do" $130,000 worth of blow while managing his project.

dean · 12-17-2002, 06:01 PM

I don't understand why you guys care how he spends his money. It's his money.

bell · bell's Garage

speaking of money.....if anyone has any extra laying around you can send it my way

merry christmas

johncj8989 · 07:29 PM

pwd72s · 12-17-2002, 07:20 PM

Quote:

Originally posted by johncj8989
I dont care how he spends his money, do you Rarly?

All I think Rarly was saying is that he'd do it differently? Many of us would...BTW how is your moorage anchor project coming along?

Superman · 12-17-2002, 10:24 PM

With a $130k budget, I think I'd run out of things to spend it on. By the time I got half way there, I'd have a pretty cool car.

expat · 12-18-2002, 12:40 AM

Quote:

Originally posted by Blown
I don't understand why you guys care how he spends his money. It's his money.

Rarly cares because he's a crotchety old bastard

diverdan · diverdan's Garage

The drift I get is the demonstrated financial mangement (the car) may be indicitive of the current state of certain financial portfolios. Story reminds me of a Vette I once bought for 50% of the market price. During negotiation, I asked the owner how he had come up with his price. He replied that he was a buyer for a certain large department store chain and "knew about such things." Well, I agreed that he should know about such things and asked if he wouldn't take a hundred less for his pristine machine. He agreed that it was worth not having to answer the phone (which was ring off the hook) to accept a $100 less. Those were the days!

Diverdan

cegerer · cegerer's Garage

I saw it, but only skimmed the article and saw the $130,000 price tag (and something about the car not being finished yet!)!

Give me a break! Is there an itemized account of what exactly this guy spent the money on???????????

-- Curt

Kemo · 12-18-2002, 04:49 AM

i have the article here in front of me...he started with a $4400 shell and then purchased a carbon fiber 993 wide body kit for $8221.50. From there...it gets hazy. I guess the guy can spend his money on whatever he wants...im just curious how it ended up costing 130K.

dean · 12-18-2002, 04:56 AM

Well, he had to have that body kit fit by someone. That takes time and money. One thing that I remember about the article was he spent $1000 on custom hats? Mine cost $300. I think the difference between you guys and him is, he doesn't do any of the work on his car. And if I were doing the work on his car, I'd want to get paid for it.

old_skul · 12-18-2002, 06:23 AM

Quote:

Originally posted by bell
speaking of money.....if anyone has any extra laying around you can send it my way
merry christmas

No problem. Give me your bank account number (in a private email of course) and I'll put some in there for you.

agabriel · 12-18-2002, 06:53 AM

I wonder if he replaced the same part multiple times????

I haven't read the article yet...

Anthony

RarlyL8 · RarlyL8's Garage

When you put your car on the cover of an international magazine AND you admit to being a financial manager AND you managed yourself out of $130,000 on a car that is not yet finished, has a 915 tranny, and a power to weight ratio less than a slightly modified 930 YOU WILL BE SCRUTINIZED.

I couldn't care less what this guy spends his money on, I'd just like to know HOW you could POSSIBLY spend that much on so little.

FOR EXAMPLE -

I was working soooo much during the construction of my car that ALL of the expensive stuff was farmed out to "experts". These guys charged me anywhere from $45 - $75 an hour. The bodywork and paint were done at a Porsche dealership for Christsakes. So I know a little about the cost of not doing things yourself. The end product cost a slight FRACTION of this fellas outlay. No carbo fiber 993 ulta-wide body, but hey it doesn't look all that different (and is probably faster).

.

cegerer · cegerer's Garage

Hey Rarly, maybe you should submit an article to Excellence entitled "How to Build a Better, Faster Version of Last Month's Feature Car and Have Enough Money Left Over to Buy a Nice Used Ferrari!". Might have to shorten that title a little bit.

-- Curt

expat · 12-18-2002, 03:06 PM

Geez Rarly, every time I see you car I have to stop and take a breath. It really is an impressive looking car.

pwd72s · 12-18-2002, 04:28 PM

Quote:

Originally posted by expathk
Geez Rarly, every time I see you car I have to stop and take a breath. It really is an impressive looking car.

Every time I look at the pic of Rarly's car, I get a feeling of how an EX heavyweight champion named Spinks must have felt before the opening bell, looking across the ring at the then young opponent named Mike Tyson. It was over before it started...
Rarly? Your car is scary in the same way...just looking at the pic, you realize what's underneath. Your car isn't Carol Doda...

Rouxzy · 12-18-2002, 04:36 PM

Hey Rarely,
For what it's worth if I had to choose between the two I would have to say that yours is the better of the two. Hey maybe you should contact this guys financial clients and show them not only what he spent THEIR money on but that you can do it better with less money. Maybe you would be their new financial advisor.

pwd72s · 05:23 PM

Quote:

Originally posted by Rouxzy
Hey Rarely,
For what it's worth if I had to choose between the two I would have to say that yours is the better of the two. Hey maybe you should contact this guys financial clients and show them not only what he spent THEIR money on but that you can do it better with less money. Maybe you would be their new financial advisor.

My thought on "financial advisors" as well as "brokers"...They care more about my investment money than I should? Not likely, since both work on either commission or percentage. P-cars? I tip my hat to Jack. He does get lots of bang for the bucks he spends...Me? I'd rather have a P car in my garage than help put one in the garage of a "financial advisor".