How do people get so rich in Vancouver, honestly don't get it...
 

Okay first this question is coming from a high school student so be easy on me.

I'm graduating from HS pretty soon and will be probably going to do some college upgrading then going to university for business/marketing or maybe some computer drafting/designing. I've been searching average income for these careers in Vancouver (school related) and after you get rolling with these type of jobs you can be making around 45-60k + a year...

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:

Post up what you think, thanks.

majority of those cars are bought with parents' money.

not ALL but most.

It's called parents.

Well, I don't know about AMG's but I do know that some kids out there can afford to buy high-end cars early by mortgaging their life for the next 8 years though leasing or financing and living with or off of their parents.

It's doable. Is it advisable? well... :)

they deal on the side...hell if youre a doctor and had access to weed you wouldnt deal lol

some of them lease it and return it cause they can't afford the buyout. then they would lease another expensive car and do the same thing.

so by switching cars at the end of a lease, they would give the impression of that they are baller.

thats my opinion.

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

if you wanna roll in an AMG when you're in your mid 20s:

- change your planned major to something with higher $$$ potential (finance i-bankers start at 60k+.. usually 80k first year + bonus if its a good year)

- part time jobs during university, save that $$ and live at home, invest it when you can. by grad you can probably sit on some nice investments, then let it grow.

alternatively, instead of investing the money you earned in university, invest it into some hydroponic equipment, you'll be rolling in an AMG and more, but obviously thats you're choice.

drugs

Savings, Investments. Running a company, you can write certain expenses off during income tax season...

to most is parents

and then there's people like myself
working my ass off with two jobs to pay for school, home, and a car ... and lots others lol

This situation is unique to Vancouver (and maybe Toronto) but yeah, its parents.

They'll tell you they "earned it" tho. Because at 18/19 you've "earned" something.

Corruption. Haha. I guess your really referring to asian ppl living in richmond. That's where I see most young ppl rolling in their nice cars.

were talking about young ppl here, unless you cash out on some insane small caps, you need a decent amount of time to build real net worth through investing. i doubt any young people under 25 buy their toys with investment money (anyone smart enough to make money that way wouldnt). either their parents paid for it or they went straight to the dealer after landing a 100k out of school

lots of rich families... or drug dealers!

I think this question has already been beaten to death.

u can't get rich in vancouver... usually oversea parents come here to start a family and have their kids go to school here.... usually ppl from oversea that comes here have some money .. or else they can't leave their home country ...

do you really think its limited to van and toronto?

im pretty sure hes talking about everyone not just young people, seriously tho the best thing is to do something with buisness mainly stocks if u have good connects to get into somewhere or family buisnesses.

Yeah, they graduated from high school!

im part of the 10% :(

i think there's a guy on this forum that has a gtr and he's pretty darn young...

we should ask him..

Daddy powered!

parents.
drug dealing.
investment.
running/shared business.

Very rarely can you see a legit 22-27yr old driving a $100k+ car, and has their own appartment, dog, girlfriend, highend clothes + accessories.

The only way of having those kinda assets at that age is from my above listed ways of making money. To have all of those, you would probably need to be clearing $100k/year after taxes.

Im not saying its not possible. but you either have to get out there now and hustle the streets full time, or be smart with every hard earned money and have a good education.

trust me, be wise with your money. dont act like a baller, if youre not. put that cash in the bank and dont wear it.

is it grey?