From the Suze Orman show that aired on CNBC on August 3, 2008.
Пікірлер: 143
@bryanchin73910 жыл бұрын
He probably bought it anyway, LOL
@SeattleGuy196810 жыл бұрын
Suze has always been great entertainment lol
@the-chillian8 жыл бұрын
He said he makes $6,000/month. That's $72k/year. How the HELL did he end up owning his house outright with $150k in regular savings but only $90k for retirement? I'm guessing he was looking for permission to blow an inheritance. No one who needs to ask this question is smart enough about money to get that far on his own with that income.
@hellario25 жыл бұрын
You know, in many parts of the country you can buy a home sub 200k and if you prioritize paying off mortgage like getting 15 year fixed, you can pay it off reasonably quick if you don't put much in retirement. Could be inherited too, of course
@nanathegoat51062 жыл бұрын
Ouch
@sharpshooter0123455 жыл бұрын
I used to watch this show with my sister, god rest her soul.
@Crazykye3219 жыл бұрын
Just save money when you fucking can
@mercedeswilkins55668 ай бұрын
4 years later I’ll still deny him
@WhiteKitta6 жыл бұрын
lol..... I love this show......I knew right away this guy was going to be denied with only $90.000.-in retirement savings at age 45!!! .....WTH was he thinking!?
@Champcelticsnumber912 жыл бұрын
Just because you can doesn't mean you should!
@blacktruck50005 жыл бұрын
You can buy a used Vette for under 50,000 and still look like a baller
@xxmortimerxx9 жыл бұрын
That dude does not have enough money to responsibly buy a Corvette ZR1. But whatever, America is a country where most people are in debt and they don't think there's anything wrong with that. The smart thing for that dude to do is to wait a year or two and buy that damn thing used for 30K less than what its worth new. And for goodness sakes he's 45 and only has 90K in retirement?? Put more money in there...bro. LOL this guy is crazy or just stupid. BTW, I just went on Cars.com a 2010 Corvette ZR1 goes for 75k at 4500 mi on the odometer right now. Wooo that dude got HOSED probably left the lot closer to $150,000. I'd rather drop $110,000 on a fully restored 1963 Split Window Stingray.
@Capncomeback20233 жыл бұрын
Asking someone who thinks in $DOLLAR$ about buying your dream anything, but especially a car, is a huge waste of time. Almost every car I have owned, I loved. If I didn’t, I worked on it until I did. I’m saving up for my Vette now but it ain’t even 1/3 of that car’s price. But I hope he bought it. Money is paper. If you feed and house your family, have life insurance and love them, then you DESERVE that car, Bro!
@Cdogbillionaire13 жыл бұрын
Suze Orman is very wise.
@mercedeswilkins90855 жыл бұрын
Yes, she is. She's not a millionaire for no reason.
@momof2momof26 жыл бұрын
What ever made this man think it was a smart thing to do ?????
@GTStuning-11 жыл бұрын
or he can wait a year and pay $80k lol
@timmy23apsb14 жыл бұрын
you should always make more than the price of your car in a year
@balajiraja14 жыл бұрын
@JeremiahMarksMD Ya,but even those people would think twice before buying a 120K car
@MusicLuvah2311 жыл бұрын
I'd like a college student to ask if they can afford textbooks and see what she's says. Ain't no college student have 8 months of an emergency fund in their savings. I sure don't.
@hellario25 жыл бұрын
I did, but that's because I bothered to serve in the military, get GI Bill,a scholarship, financial aid, and went to night school and community college for the first two years. Bought myself a BMW and a condo as a graduation/new career present. Know the resources available to you and have a plan.
@AkronPorBarack16 жыл бұрын
She's my choice for Secretary of the Treasury.
@casimoran15 жыл бұрын
Suze's Freakin' amazing!
@Bacheegs4U15 жыл бұрын
she actually has a part at the end where she follows up on some people she talked to
@RETIREMESOON13 жыл бұрын
I'm a financial person that has to ask ...is he on drugs ??? WTF is he thinking ? Try a Hyundia Accent and that's about it. We are heading into THE GREATEST DEPRESSIOn that will make the 1930's look easy and he wants a car woth 120 K ?
@cnauta7016 жыл бұрын
Yes she is correct that this vehicle will continue to go down in value for the first 20 years. 20 years from now this car will be worth about $25,000. Then it will go up in value again, but by the time its worth over $ 120k again it will be another 15 years. This guy will be 80 by then! And 120k when he is 80 years old will be like 50k now. He should worry about his retirment more. 15 years to retirement and only 90k in retirement money!! I am 38 and have over 300k in retirement money already !
@sliv81216 жыл бұрын
LMAO! I love Suze, and love it when she denies people! More people need to think like Suze when it comes to money. People that try to live beyond their means are stupid. If you can't afford it, don't buy it. You want to afford it? Find a way to make enough money first.
@aas815 жыл бұрын
Unless your some executive or stock market millionaire, driving a $120k car is pointless. You can get cheaper used ones for maybe $60-$75k. And this is the reason alot of Americans are in debt- they buy things they cant afford. He only makes $6k a year and has $150k in savings...maybe try the BMW for $35k first, use the savings to invest and then at 60 maybe try the $120k car again when the man might have doubled his money and is older...shesh!
@JesseS42013 жыл бұрын
@aas8 only 6000 a year huh? you mean month? I hope so. He makes 72,000 a year.
@MPG35011 жыл бұрын
I love sports cars but he really has no biz buying a zr1, he could get a nice used z06 for 30-40k thats my advice.
@Dakid01515 жыл бұрын
I'll bet my house this guy went ahead and bought it...I wonder how many "denied" people on her show go against her advice.
@woah45515 жыл бұрын
I don't understand what the big deal is. He clearly can't afford it.
@v.m.44533 жыл бұрын
Can you say mid-life crisis
@Fuchi45014 жыл бұрын
@aas8 Correction, $6K/ month, that comes out to $72K a year. I'd say if he's gonna own it until he can't drive anymore (which is usually for around 68 or 69 for alot of people) then do it. He will sell it for a lot more if he can keep it in good condition.
@burritomaker6916 жыл бұрын
well actually they plan to make 2000 a year so over its total production time it will far surpass the number of cars for the car to really appreciate in value but only to slooooowly depreciate over many many years.
@istvanpraha12 жыл бұрын
I would be scared if I was in this guys position. First of all, who keeps so much in cash? Second, its obvious he doesn't have enough for retirement. Doesn't this guy worry about his own future?
@BryBurger16 жыл бұрын
ALL new cars except rare Exotic editions are a bad investment. I am sure the guy is not retired and will place a big down. No way he is gonna blow his retirement savings on it. Awesome car!!!!
@lilblackfish200914 жыл бұрын
he should just get a preused one thats been well took care off,
@MondoBeno14 жыл бұрын
In all the houses where my family lived, we never ONCE had a burglary, break-in, car-theft, carjacking, etc. Why? We always had cheap cars. Burglars target people who have expensive cars. It tells the thief that there's money in the home.
@lvega56063 жыл бұрын
Interesting. That would explain why my friend had his cheap condo broken into. He always owns a new BMW or Mercedes.
@alex3698 жыл бұрын
I got a friend thats my age 29. Lucky fucker made this 40 yr old female lawyer fall in love with him and she got him a brand new Zr-1 lol and they are not even married. He came by my house and let me drive it ahahahha. I don't blame him.
@stevenkaing500510 жыл бұрын
If there is a will there is a way to save money no matter how much you make.
@dcx128715 жыл бұрын
The average person cannot afford to retire...ever. If you had even $1 million in retirement, that is enough to fund a middle middle class lifestyle. You can expect to have a reasonably steady stream of $50,000 per year with $1 million in retirement. $2 million in retirement is enough to fund an upper middle class lifestyle (once retired). To fund an upper class lifestyle you need more like $5 million by retirement age.
@FLYMotoX15 жыл бұрын
yea ok buddy....who knows what is going to happen to chevy in 10 years they are in bankruptcy as of right now.....it would be sweet to own the last one of a kind corvette....and after all it is a zr1
@scottlacy018 жыл бұрын
Think of it as a "semi-liquid asset".
@brandonmachado403510 жыл бұрын
He could always get the Corvette Stingray :D Those start at $54K
@jakemiller44411 жыл бұрын
It's called FUN
@RidX4Ricers13 жыл бұрын
I would have called her back the next day saying I bought it, I mean seriously he doesn't have a mortgage to worry about or any car payments to worry about and he has cash to buy it outright, he can get rid of one car, so him and his wife each have a daily driver and if he's single he can get rid of two cars, which should offset the insurance substantially, it'll be a weekend toy so gas is not a huge issue, I'd go for it, or he could always buy lightly used or get a Z06 instead.
@nanathegoat51062 жыл бұрын
Lol you want a weekend toy for 120k earning just 72k with 90k of retirement and 150k savings....no wonder a lot of people are broke. He doesn't have a mortgage now, but God forbid he gets in an accident, loses his job, isn't able to work for sometime or gets sick....he is gonna wish he saved that 120k. He does not have enough money. And ya you only live once, but you don't live for yourself....what about your family, wife, kids, parents....if anything happens to you what do you want to leave them? A fucking Corvette.
@anonymous..-16 жыл бұрын
Funny, but her depreciation figure probably isn't accurate though. It's not a regular car...Possibly an instant collector.
@THESocialJusticeWarrior15 жыл бұрын
he could get a used zo6 though... that's what i would do...
@thincow1214 жыл бұрын
@aas8 why bother to buy such a car at age 60 when your old .
@Samimiamiv112 жыл бұрын
@Miister00 i looked up on ebay and theres an r45 with 53,000 miles for reserve price $40,000 so idk where u get 20
@jrs8912 жыл бұрын
Insert "Dude just buy teh [x] and add [y] and [z] to it and it'll smoke duh ZR1!" comment
@dcx128716 жыл бұрын
no actually she's correct. by unwritten standards of the wealthy, it's well known that in order to afford a $100,000 car, you need to be at least a dollar millionaire (not including your primary residence) and make roughly $200,000 per year or more. Alternatively, you can make roughly $500,000 per year or more and have a lower net worth in order to afford this car. But of course, making $500,000 / year will inevitably net you a net worth of $1 million really soon if you're just a bit frugal
@1bojanbojan13 жыл бұрын
he should just get the C6Z
@biruss6 жыл бұрын
he should buy a good quality 20 k car
@natureloverdude13 жыл бұрын
@ajarofgelly its understood, there is no need to get excited.
@jonitalia674810 жыл бұрын
He earns approximately $120,000 per year gross - LOL - he wants a car that costs the same.
@timmy23apsb14 жыл бұрын
@balajiraja r u kidding? oprah wouldn't even bat an eyelid
@jrs8915 жыл бұрын
Dealer mark up and 3zr package will cost you 120k easy.
@worldmagnifier6254 Жыл бұрын
She makes me laugh
@calinator5114 жыл бұрын
Just get a C5 and put a blower in it... No warranty though >_>
@jjguy2314 жыл бұрын
lol. I love this woman.
@wkavre11 жыл бұрын
lol @ all these broke sports car fans in the comments getting mad she denied him.
@timeisthekiller13 жыл бұрын
This is a man who just wants a drink from Mcdonalds every month
@Miister0012 жыл бұрын
why not a used nissan skyline for around 20k. TUNE IT. you're far more happy with that than a fcking corvette.
@k9feces16 жыл бұрын
makes sense, he would save on repairs.
@4everyoung8693 жыл бұрын
He should do monthly notes invest the rest in reale estate ãn bonds but not cash it out n be damn near broke
@Wsbankruptcyattorneys11 жыл бұрын
Love you...mean it
@MillennialMcGuyver15 жыл бұрын
At least he tried. LOL.
@Pauly1442 жыл бұрын
The Suze Orman show is so much better compared to Dave Ramsey.
@mike54814 жыл бұрын
She doesn't drive a 120k car cause she has a driver for her 500k maybach take her to work.
@natureloverdude13 жыл бұрын
@KhidFresh she would probably say denied
@nokia359115 жыл бұрын
Fuck fuel efficient cars he should buy the Zr-1 or get an even better Ford GT for about the same price.
@boostedvette16 жыл бұрын
just buy the car you only live once man. with what you have in savings you couldn't retire anyways.
@rhodybimmers80948 жыл бұрын
fairly used 2016 covette zrl cost 55k+ he can definitely afford a 2009. i'm 19 & getting a 2016 zr1 with the z07 package this year!!
@MrMustangrick2 ай бұрын
Delusional. No way.
@jerrydoubleu16 жыл бұрын
Damn! I wanted a zr-1!!!!
@jdbs200915 жыл бұрын
"You're old at 45?!?!" You only live once baby. You're reaction time isn't as keen if you waited till you're 60. Right right? =P (Just some internet joking)
@coopsnz18 жыл бұрын
Your burden on the government ,if you bought a zr1 when you retire because you will be swimming in debt
@jeeess99793 жыл бұрын
My m2 could never beat a Vette !Close tho!
@josephconnor226111 жыл бұрын
The guy has the money.... What is the point saving that type of money and not doing anything with it...You can't take it with you when your dead...So get the car be happy and when your old and sick you can think back on those days. He can own it for a year sell it and get some of the money back....
@guywhoflys113 жыл бұрын
i say go for a grand sport or z06 maybe
@nokia359115 жыл бұрын
The Ford GT is better,you know you wanna admit it.
@SwissMarksman12 жыл бұрын
@aas8 Mr.economic-man .. EVEN 60-70k is TO MUCH for an American.
@jmahrky15 жыл бұрын
damn she's good! :)
@footballmania13215 жыл бұрын
I know right? How does her advice really help? All she does is make a fool of people on tv. Not that this guy was the brightest crayon in the box.. but still.. I'd like to make her bank account mine though :D
@goldenmanuever11764 жыл бұрын
The only car this due should be buying is a Camry, used.
@pamelaharper44559 жыл бұрын
He're a way anyone can afford something like that... Don't pay income tax! No one has to. You have to file, but you don't have to pay. The IRS makes people think they do, but you really don't. Find a good tax lawyer and you can delay paying indefinately and they can't take away your house or anything else. People who pay income taxes are smucks!
@DouglasBeCorvetteManic1469 жыл бұрын
Pamela Harper Careful... whenever you type IRS in on the internet it comes up on their search engine, I sure hope that is not your real name.
@JayMarksMD14 жыл бұрын
The only way I'd fill comfortable driving a $120, 000 car, is if my last name was Gates, Trump or Winfrey.
@Tony007corp15 жыл бұрын
Do you mean mid-life crisis?
@Wallrnr72212 жыл бұрын
@aas8 6k a month*
@Swaggaccino14 жыл бұрын
Plus its American so it's gonna break down within 2 years of him buying it lol, go for a GTR instead.
@5388checho13 жыл бұрын
I'll be ok with my Kia forte koup. Nearly 100k less.. :P
@allancastle70849 жыл бұрын
I thought that vehicle was $80,000 not $120,000 shit
@SwissMarksman2 жыл бұрын
America in a nutshell
@Samimiamiv112 жыл бұрын
@Miister00 there not legal and 20? bs there way more
@mercedeswilkins90855 жыл бұрын
Deny
@balajiraja14 жыл бұрын
@3jra : LOL thats funny!
@Miister0012 жыл бұрын
@Samimiamiv1 meh if you buy a new one than it's way more yeah
@jackconant44469 жыл бұрын
Well she wasn't very nice
@ZachTheRantingGuy9 жыл бұрын
+Jack Conant The guy was an idiot. It seems like the producers of the Suze Orman Show picked the dumbest people for some reason or another. It's common sense. How could you afford that car $120,000 when you only got $150,000 in savings and only $90,000 in retirement. You can't afford it. Suze Orman was right. The guy was an idiot, thinking he could afford that kind of a car. LOL. Wow. The moral to the story is, save money if you can!
@jackconant44469 жыл бұрын
+Zachary Gafanhao why didn't he just get a new c5 for 14k instead of a newer one I'd never pay over 20k for a car
@ZachTheRantingGuy9 жыл бұрын
Jack Conant Right. No need of wasting $120,000 on a car. It's like give me a break. Like I said earlier, the guy is an idiot.
@SwissMarksman5 жыл бұрын
@@ZachTheRantingGuy What most people forgett is maintenance. Well, I know it isn't a premium German car but I wouldn't underestimate the prices. Especially the ZR1 needs "other" parts than your regular Corvette.
@mickvk16 жыл бұрын
"I don't THINK SO!" Aw c'mon, half of his take home for 36 months and it's water under the bridge. I think he should do it!