Six Figures and Broke » Luxury Spending http://www.6figuresnbroke.com Getting Out of Six Figures of Debt with a Six Figure Income Wed, 15 Oct 2008 18:45:32 +0000 http://wordpress.org/?v=2.5 en Sold My Infiniti G35 http://www.6figuresnbroke.com/2008/06/sold-my-infiniti-g35/ http://www.6figuresnbroke.com/2008/06/sold-my-infiniti-g35/#comments Tue, 03 Jun 2008 21:58:43 +0000 BigSpender http://www.6figuresnbroke.com/?p=26 SHARETHIS.addEntry({ title: "Sold My Infiniti G35", url: "http://www.6figuresnbroke.com/2008/06/sold-my-infiniti-g35/" });]]>
When I started my 6FiguresNBroke blog, I mentioned that I loved my 2006 Infiniti G35 which was financed at a “fantastic interest rate.”  Well even with the great rate, the payment was still $820.00 per month.  Not only was the payment high, but upkeep was also expensive.  See, it wasn’t just your typical 2006 Infiniti G35 coupe, we put several thousand dollars of after-market parts in to the car (to the tune of $13k-$15k).  As a result, the rear tires needed to be replaced twice a year.  These were 20″ tires and wholesale price on each tire was close to $300.00.  So there is $1200/year in tires. 

Oh wait, this is a luxury sports coupe.  Gotta have the luxury synthetic oil changes.  Those run about $75-$95 an oil change.  You have to get that done at least four times a year.  It doesn’t stop there, the car runs on premium gas.  Sure you can put 87 into it but with a $45,000 car, why would you put 87 in it?  Yup, that’s right - each fill up was with 91 (the best you can get here).  I quickly realized that my car was causing much bleeding.

About a month ago, close to the two year anniversary date of purchasing the car (I loved the car, I remember the date I purchased it) we traded both that car in plus our 2001 Chevrolet Malibu with 98,000 miles on it and purchased a 2005 Nissan Murano with 46,000 miles on it.  Now I know those that follow Dave Ramsey’s Total Money Makeover plan will squawk at taking out a new car loan.  I am dedicated to getting out of debt but honestly not comfortable driving a $2,000 car.  I am a freak about safety and even felt uncomfortable driving around in the 2001 Malibu.

So now I have a $300-ish a month car payment, I’m saving $100/mo on insurance and believe it or not I am getting better gas mileage in my Murano than I was in my G35.  Something about the roar of the engine when you get on the gas makes even the most docile driver a lead foot behind a sports coupe like the G35.  Overall I am looking at a net savings of about $700/month.  This means we are going to be getting out of non-mortgage debt much, much sooner.

I still miss the car and I fear the time I see it on the road and am honestly hoping that I don’t.  I had a major emotional attachment to the vehicle and evidently it is still there.  I did, however, leave my virtual tiara in the driver’s seat.  I am no longer a Princess and I believe I have made a responsible adult-like decision in letting it go.

 2006 Infiniti G35 Coupe

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]]> http://www.6figuresnbroke.com/2008/06/sold-my-infiniti-g35/feed/ A Billion Dollar Home http://www.6figuresnbroke.com/2008/05/a-billion-dollar-home/ http://www.6figuresnbroke.com/2008/05/a-billion-dollar-home/#comments Tue, 13 May 2008 22:51:51 +0000 BigSpender http://www.6figuresnbroke.com/?p=23 SHARETHIS.addEntry({ title: "A Billion Dollar Home", url: "http://www.6figuresnbroke.com/2008/05/a-billion-dollar-home/" });]]> Billion dollar hotels aren’t super common but there are more than a handful so no one would scoff at the idea of a new billion dollar hotel.  What are your thoughts on a billion dollar home?  Forbes.com is reporting that a home is being built in Mumbai, India that will cost close to two billion dollars.  Yes, two…billion…dollars.  The owner, Mukesh Ambani, is estimated to be worth approximately $45 billion.  So this is a drop in the bucket.

The property will be 27 stories high, have a six level parking lot, nine elevators and a health level complete with a man-made snow flurry room.  This brings the term excess to a whole new level.

Source:  Forbes.com Inside The World’s First Billion-Dollar Home

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