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-   -   How do people get so rich in Vancouver, honestly don't get it... (https://www.revscene.net/forums/566835-how-do-people-get-so-rich-vancouver-honestly-dont-get.html)

misteranswer 03-04-2009 07:01 PM

Quote:

Originally Posted by bimmer91 (Post 6312976)
Well I'm interested in Accounting, have been for over a year, just don't know how much math skill is required as I'm not great at mathematical skills

If you can add, subtract, multiple, and divide you can count beans.

Kaiten 03-04-2009 07:09 PM

Sell drugs. BC has a near limitless supply of pot-smokers and nobody cares. At one point I worked with a lady who dishwashed part-time but owned multiple houses in vancouver and okanagan and rolled into work with new hummer and vette, it was quite ridiculous. I wouldn't suggest doing this unless you never plan to have a family though.

But like some people have mentioned, being smart with your money and being aware of opportunities. Having those skills will help you live a comfortable life regardless of your occupation.

cococly 03-04-2009 07:13 PM

Quote:

Originally Posted by bimmer91 (Post 6312595)

So i mean i see guys rolling around in their 100k AMG's and lots of other crazy expensive cars around town, many of them are young as well. Do they take some crazy 8 year classes in university and become doc's or what?

Just simply asking, because damn i just can't figure it out how these guys are making 6 digit + numbers at such a young age.... :rolleyes:

Doing Business? Do not lock yourself up with the concept of every dollar in your bank account is from working for someone else for $15/hr.

Saving, logistics, international relations, trading. They all earn much more than average workers earn.

Children of some big company CEOs even have one million Canadian every year to spend on. Not a biggy.

Plus, you can always ditch the tax barrier. :)

asian_XL 03-04-2009 07:19 PM

OT: kinda related...

Trust me, life is tough for these kids. Parents do not pay for their bills once they get a
stable job. They might still live with their parents, but they can never sustain the basic
living with just an average salary. Superficially, they are cool and rich, but mentally,
they are fucking stress out to keep up with the coolness. Think about it, if dad is a CEO,
and you are an average U-grad with a customer service job. What would your parents or
other people think? Sure you do get girls or friends like Hyde. In real life, you have no
achievement.

well, kinda speaking from experience.

jigga250 03-04-2009 07:41 PM

Quote:

Originally Posted by bimmer91 (Post 6312868)
woah you guys are crazy, it's a battle zone in here...

a teacher told me if you want to make good money do accounting, but what the hell do you do in accounting? sit on the computer play around with numbers doing what? + math isn't my thing, it stresses me out when i can't figure something out.

I though it would be the parents like most people are saying, or possibly they might have just started their own business up.

first of all, don't do something just because you think it will make you money. Do something you find interesting, and that you are GOOD at, and the money should come.

"If you enjoy what you do you'll never work a day in your life"
or something like that?

JHuJHu 03-04-2009 07:43 PM

Quote:

Originally Posted by E-40six (Post 6312638)
i'm gonna say 60% get their money from their parents
30% sell drugs, and lots of it
and 10% work their asses off

thats just my opinion

i agree with this

kc1337 03-04-2009 08:35 PM

Quote:

Originally Posted by asian_XL (Post 6313027)
OT: kinda related...

Trust me, life is tough for these kids. Parents do not pay for their bills once they get a
stable job. They might still live with their parents, but they can never sustain the basic
living with just an average salary. Superficially, they are cool and rich, but mentally,
they are fucking stress out to keep up with the coolness. Think about it, if dad is a CEO,
and you are an average U-grad with a customer service job. What would your parents or
other people think? Sure you do get girls or friends like Hyde. In real life, you have no
achievement.

well, kinda speaking from experience.


exactly how i feel

lonelydriver 03-04-2009 08:38 PM

Quote:

Originally Posted by Jah Al Zawahiri (Post 6312992)
Because someone drives a luxury car doesn't mean they're rich. Most people are living on the banks payroll and are way over their head in debt.

Yep and there are tons of ppl like that living in Vancouver. I wonder how they sleep every night knowing that the bank owns them till they die..

Hondaracer 03-04-2009 08:44 PM

in the very soon future you wont be seeing this situation as much, i guarantee it

Leases for cars under 100k are going to become obsolete, banks and private leasing companies are going to be getting out of it completely, and people who cannot afford to have these cars, will no longer be able to lease them

many dealerships now have gone almost exclusively to financing, and there's no way your going to be getting a 0% rate for cars like M3's etc. the rate you will be getting will hurt alot more then the old lease rates, and in turn people will shy away from signing on long term

unit 03-04-2009 09:28 PM

Quote:

Originally Posted by asian_XL (Post 6313027)
OT: kinda related...

Trust me, life is tough for these kids. Parents do not pay for their bills once they get a
stable job. They might still live with their parents, but they can never sustain the basic
living with just an average salary. Superficially, they are cool and rich, but mentally,
they are fucking stress out to keep up with the coolness. Think about it, if dad is a CEO,
and you are an average U-grad with a customer service job. What would your parents or
other people think? Sure you do get girls or friends like Hyde. In real life, you have no
achievement.

well, kinda speaking from experience.

reality strikes! boo fucking hoo.

BoneThug 03-04-2009 09:31 PM

Quote:

Originally Posted by Hondaracer (Post 6313171)
in the very soon future you wont be seeing this situation as much, i guarantee it

Leases for cars under 100k are going to become obsolete, banks and private leasing companies are going to be getting out of it completely, and people who cannot afford to have these cars, will no longer be able to lease them

many dealerships now have gone almost exclusively to financing, and there's no way your going to be getting a 0% rate for cars like M3's etc. the rate you will be getting will hurt alot more then the old lease rates, and in turn people will shy away from signing on long term

you dont think it'll bounce back once the economy starts going up again?

nipples 03-04-2009 09:40 PM

^ nope. what he says is true. in fact, i believe bmw will now be changing their lease rates to something obscene like 12% or higher. The current marketing voice tells people to keep getting new this new that, and so leases fits it perfectly. but the problem ends up being dealers who're stuck with people returning the cars back to em.

However, i do believe i heard that there are a few car companies out there that will be taking up the slack left from companies phasing out leases.

superdennis 03-04-2009 09:40 PM

The City of Vancouver equal...

Chinese Immigrants who come from Asia with a great deal of wealth
or
Drugs

If any of you shop @ LV/Gucci downtown... its 90% asians

and we all know the blue collar workers in vancouver cannot afford the luxuries unless they throw all their money into materialistic goods.

So your answer, wealthy immigrants w/ children and drugs dealers

rb 03-04-2009 09:44 PM

Quote:

Originally Posted by asian_XL (Post 6313027)
OT: kinda related...

Trust me, life is tough for these kids. Parents do not pay for their bills once they get a
stable job. They might still live with their parents, but they can never sustain the basic
living with just an average salary. Superficially, they are cool and rich, but mentally,
they are fucking stress out to keep up with the coolness. Think about it, if dad is a CEO,
and you are an average U-grad with a customer service job. What would your parents or
other people think? Sure you do get girls or friends like Hyde. In real life, you have no
achievement.

well, kinda speaking from experience.

still beats digging through a dumpster for a bite to eat.

These individuals you speak of probably have every means to pursue that "cool" career with the best education to one-up their CEO father. Whether they have the drive to do so is another thing b/c everything is usually just handed to them. But I'm getting offtopic...

hal0g0dv2 03-04-2009 09:44 PM

i am sure a millions of these exotic cars are leased, not many people can go buy a new car and pay full, anyone can lease a exotic

Harvey Specter 03-04-2009 09:53 PM

Quote:

Originally Posted by Hondaracer (Post 6313171)
in the very soon future you wont be seeing this situation as much, i guarantee it

Leases for cars under 100k are going to become obsolete, banks and private leasing companies are going to be getting out of it completely, and people who cannot afford to have these cars, will no longer be able to lease them

many dealerships now have gone almost exclusively to financing, and there's no way your going to be getting a 0% rate for cars like M3's etc. the rate you will be getting will hurt alot more then the old lease rates, and in turn people will shy away from signing on long term

+1.

Off topic a bit but....

I remember reading this one story about a couple who moved to Calgary from China. The husband worked 2 jobs, the wife worked 1 job just so they could go out and lease a BMW for the wife and he could lease a Mercedes for himself. The reason was for status within the Asian community.

I know people at my work who were leasing high end cars, living in homes they couldn't afford and now they're coming back to reality because the banks have stop lending money and they've had to give up their leases and sell their homes they couldn't afford and move into cheaper homes or condos. The same situation is happening all across the US especially in wealthy cities like Miami which is becoming the foreclosure capital of the US.

Sure a small % have deep pockets but like I said before, don't assume someone is "balling" or "rich" because they drive a $100,000 car. Bank flow has ended and some people say the more expensive your car is and the more expensive your home is, the more debt you're in.

Hondaracer 03-04-2009 09:57 PM

of course only the super elite would go out and drop full purchase price on lambo's etc. but the thing is, the companies leasing these exotics to people have little to no worry, nor do the people leasing them think twice about the rates at which they are leasing them at because the banks have trust in their income/credit, and the leaser has enough assets to recover the price/outstanding funds owed on said cars

id asume the majority of people in Vancouver do infact lease their exotics for no reason other then to not be stuck with a single super car long term, to return an exotic and trade up to somthing new is not uncommon for any well off person and besides who wants a 20 year old LP640 with 100,000kms on it? it isnt much else but a model sitting in your garage at that point

High end leases will always be around because they make sense for the companies involved, leasing 318i's and low end benzes doesnt.

Harvey Specter 03-04-2009 10:05 PM

Actually ws6ta explained the process of leasing out a Lambo in another thread but I can't find it. I think you have to buy it out or something at the end.

hal0g0dv2 03-04-2009 10:09 PM

Quote:

Originally Posted by Jah Al Zawahiri (Post 6313269)
Actually ws6ta explained the process of leasing out a Lambo in another thread but I can't find it. I think you have to buy it out or something at the end.

reason why you cant lease ?

cococly 03-04-2009 10:12 PM

Quote:

Originally Posted by nipples (Post 6313225)
^ nope. what he says is true. in fact, i believe bmw will now be changing their lease rates to something obscene like 12% or higher. The current marketing voice tells people to keep getting new this new that, and so leases fits it perfectly. but the problem ends up being dealers who're stuck with people returning the cars back to em.

However, i do believe i heard that there are a few car companies out there that will be taking up the slack left from companies phasing out leases.


MB is charging 3.9% ont the lease for their common models... What 12% are u taking about??

Subaru is charging 0.9% on their new 2009 WRX265 for 24months [ DOWN from 4.9% in NOV 2008 ]... Can you do some research before saying that?

I am also having 0.9% rate right now and I am enjoying it.

Talking about paying the monthly lease payment, I actually saved up enough money for the entire lease cycle [ all the montly payment and Downpayment ] before I get the car.

"if you do not have a big head, do not wear a big hat" ...

hongy 03-04-2009 10:58 PM

I've got a cousin who is one of those kids with rich ass parents. The guy comes to Canada, gets a driver's liscenes and then gets some mercedes. His education sucks, doesn't even plan on trying out for colleges/universitys, and his mother still smothers him with cash. He's 22 now and he's going to be living off of his father's business for the rest of his life. In a way it is kind of sad to see someone live their life this way.

DC5-S 03-04-2009 11:02 PM

if you want to make some serious dough.. go work at the oil fields in alberta.

GordonTse 03-04-2009 11:37 PM

yes, everyone here says either rich parents or drug dealers. it's true

but honestly, i admit my parents are paying for my car, but they are neither rich nor drug dealers. and my car is not $50g+ or even $40g. nothing like hongers in AMG's and M's.

it's about saving money. i'm 18 and i got 4g in tfsa this year. guaranteed 90% of my friends don't have a penny of savings. one buddy bought a second car for $4500 when he could of saved it. but none of them are "powered by mommy and daddy", well a few are.

What_the? 03-04-2009 11:50 PM

My advice is don't worry about the people rolling around in the 100K+ cars, and buying LV bags every week, and balling out of control... No need to think about how or why they got to where they are, because the simple answer is that life has dealt them some good cards. Whether it be through rich parents, or stock market success, or real estate... in the end, when you keep pushing and pushing and pushing, and stressing over why they have all this and you dont, it just ends up with you missing all the good things in your own life...

Once you can let go of that material goods desire that vancouverites so often become obsessed with, i'm sure you'll feel much more relaxed and happy about things in general

I was like that before, now I try to see the bigger picture. Got some good friends, a roof over my head, clothes on my back, and food in my stomach... good enough for me

I have just as good of a time hanging out with my buddies playing poker and drinking beer as any person who drives a ferrari...

A husband and a wife's combined incomes will be enough to raise a family, and have a happy life... The amount of income will vary, but you just gotta play your own hand and work with what you got

Carl Johnson 03-04-2009 11:51 PM

Quote:

Originally Posted by DC5-S (Post 6313382)
if you want to make some serious dough.. go work at the oil fields in alberta.

last i heard was that things over there really slow downed due to the drop of oil price


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