Why Buying a Lamborghini Could Be Smarter Than Saving Money w/ Pejman Ghadimi π E122
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Why are luxury items seen as liabilities?
the world has been conditioned to think they can basically buy things and they have to make a ton of money to keep wasting their money buying luxuries but i teach people in and out how to actually park their money in luxuries and live much better lifestyles than they ever thought possible without actually wasting or spending their money but rather parking it
ladies and gentlemen welcome to a very special edition of the money mondays podcast as you guys know 99 of the time i record inside of an rv motorhome traveling around the country but we actually have someone in the car industry so i should have my motorhome here but i just found out that he happened to be in town he was here from florida so we decided let's knock out a podcast so we're here in this amazing studio in santa monica brentwood area now as you guys know we cover three core topics how to make money and invest money how to give away to charity On this podcast, typically our episodes are 32 to 40 minutes because the average workout is 45 minutes. The average commute to work is 45 minutes. So you'll be able to listen to this episode in under 40 minutes for your listening pleasure. Now, without further ado, I'm going to have our guests give us a quick two-minute bio so we can get straight to the money.
Well, I appreciate you having me on. And real short, I am the ultimate guy when it comes to alternative assets, cars, watches, art, handbags, and everything else that comes with investing or putting money or parking money, I should say, in those things. So the world has been conditioned to think they can basically... buy things and they have to make a ton of money to keep wasting their money buying luxuries. But I teach people in and out how to actually park their money in luxuries and live much better lifestyles than they ever thought possible without actually wasting or spending their money, but rather parking it. And so I have a huge background in finance. I am the founder of Exotic Car Hacks, Watch Trading Academy, and also have authored a ton of books on human awareness and how basically humans make decisions around their day-to-day lives.
Okay, so let's break that down. There's a lot of fun.
There's a lot of stuff in there.
Exotic Car Hacks. What is that?
What is Exotic Car Hacks?
Exotic Car Hacks is a platform that since 2009 or so has been teaching people how to buy, trade and sell exotic cars as a means of actually parking their money into alternative assets instead of actually looking at cars as liability. It's helping them look at them as an asset.
So a lot of times when people, we are preconditioned to think, oh, you buy a Lamborghini or you buy a Bentley, you buy a Mercedes. The second you drive off the lot, it's down 10%, 20% or some number that people just make up.
Which usually leads people to not buying those things because they're usually looked at as a bad investment or as a bad purchase because it's like a kind of a piss your money away purchase, right? But the way we've reframed this, and we've been really good at helping people understand that Not every car is created equal and the right Lamborghinis, the right Ferraris will depreciate during their first year, but then ultimately hold flat at what we call a bottom cash value. And so we invented the bottom cash value formula, which is a formula that enables us to understand every single car in the market and which cars will actually have a stop in that depreciation based on time and will only depreciate based on miles and conditions, such as if you crash your car or not.
And by identifying these cars, you're able to hop car to car, meaning one year, two years, three years, however you want. But you're able to ultimately buy a car or finance it however way you want. But once you put that money in the car, it doesn't actually depreciate. So even if you're making your payment, even if you're, let's say you can't afford to buy a quarter million dollar car cash, you're still paying your monthly payment like a normal payment. But at the end, when you go sell your car, you actually recoup that payment because it's not equity in the car.
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Chapters
8 chapters
1
Why are luxury items seen as liabilities?
0:00β2:02
2
What is Exotic Car Hacks?
2:02β4:15
3
How can luxury cars be good investments?
4:15β7:33
4
What makes certain cars appreciate in value?
7:33β10:18
5
How to profit from luxury watches?
10:18β16:03
6
What is the difference between renting and owning exotic cars?
16:03β18:56
7
How to start investing in luxury items?
18:56β22:25
8
What are the misconceptions about luxury spending?
22:25β41:46
Speakers
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