Shannon Sharpe proving again why he got hustled for $20 million dollars
- Thread starter UpAndComing
- Start date
Can you give an example of this? Because I have been watching these dealer videos lately. I get that the dealer wants to make money. But every high end car the seller loses money. He said his truck is 20K not 120K
A Ferrari Enzo is the perfect example. Look at the original MSRP and look at the price to purchase one today.
He didn't say the pickup truck was an appreciating asset.
He said the money he pockets from not buying the 500k car could then be put into assets with better returns.
Conscious Pilot
Do Better.
They really called this nikka Bud Top Rank Toby cause he wasnt on that side of the street.
Bud really the realest since Kumbaya
Bud really the realest since Kumbaya
I didnt he said it was. I said many of those $500k cars actually ARE appreciating.
Yet the point he was trying to make fails because the exact same could be said about buying that $25k car instead of the $125k truck he actually bought instead. Taking advice from someone who doesnt take their own is one of several signs to seek advice elsewhere.
So again, I say take financial advice from financial advisors. Not from people who hire financial advisors.
25 and 125 is not 125 and 500 and there are way better investment vehicles than a luxury whip, but if you made that argument, you would actually be agreeing with his logic. you're trying too hard here, G.
The SF90 is a perfect example for the point he was TRYING to make.
The problem is the SF90 is actually an anomaly in the segment. Quite literally one of the exceptions to the general rule.
A perfect example would be the LaFerrari that the SF90 is based loosely on. Those cars go for anywhere from $2-5million dollars despite it being $1.4million new.
Another example would be what someone who retained me for his personal finance did. He got an allocation to buy a Ford GT for $500k. This is AFTER I convinced him to lease his AMG G Wagon instead of buying it. We invested half of what would’ve been the cash for the truck in crypto and shorts and the 300% gains from that became the $500k he used to spec his Ford GT. Which he bought and as soon as the sale embargo expired, he sold it for basically $1 million, bought a Brabus, an Aventador SV and his daughter a studio.
That’s $125k investment (half of the $250k he would’ve spent on the G Wagon) that turned into $500k in a little over a year, then that $500k into $1million in 2yrs.
Which brings me right back to Bud’s comment. It sounds good. And part of it may even be correct in certain instances but his point falls flat when he spent $125k on a pickup truck instead of the $25k truck he was being preachy about. Because I’ve personally turned $125k into a $1million for a client. And because that client WAS a car guy along with myself, we understood the market in what can actually be done with certain cars in that $500k and up range. Like some other people in this thread have said, Bud isn’t a car guy (which is fine) so he doesn’t know there are cars (some aren’t even limited editions) that most certainly WILL appreciate and are bought SOLELY as an investment. That’s why Ferrari, Lamborghini, Porsche, McLaren fought to get into the hypercar space like Bugatti, Koenisegg, Pagani were in so their halo cars can appreciate.
As a wealth advisor , you have to make your clients interests your own as well because it is a resource for not only information but potential investments. Bud has other interest in cars so he don’t understand that. He can probably speak to someone about the farming industry in a way that I just spoke about cars and there may be a potential to have some investment that can make him money. The difference is it’s wiser to just shut the fukk up when you talk about shyt that you don’t have any idea about so you don’t look like an idiot like he did himself.
Some people make money because they are good at what they do, not because they are good at making money. Bud is an athlete and is successful because of that, so advice about boxing, I’m all ears. Advice about anything else, I’m cool. Doesn’t mean what he says will be wrong because he may be giving the advice he was given by someone whose expertise is worthy. But that’s why I said just take advice from a financial advisor, not someone else second hand because they may not really understand what they are saying. It just so happens that the advice he was giving actually was wrong, advice he didn’t even take himself.
But he handled Canelo though.
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Did you guys even listenHe didn’t say the Denali cost 20/25k
He was just comparing prices
Then he brought up that he has a Denali Truck where in Shannon mind “ your bud, u need to be in a rolls or lambo “
We are very aware he didn’t say his truck cost $25k.
He didn’t say the Denali cost 20/25k
He was just comparing prices
Then he brought up that he has a Denali Truck where in Shannon mind “ your bud, u need to be in a rolls or lambo “
I feel like everyone that keeps saying that doesn’t understand the conversation being had.
We are saying a nikka that spent $125k on a GMC truck saying it’s dumb for someone to spend $500k on a Ferrari super car don’t make sense, especially when he’s saying you supposed to get a $25k car and invest the rest when he himself didnt buy a $25k truck and invest the other $100k. He just decided to buy a $125k truck instead. And was excited to let nikkas know what his truck can do. Just like people who buy super cars do that he was calling dumb just a few moments prior.
We are simply pointing out the immediate contradiction and hypocrisy in his statement. And as someone who personally has a $125k truck (Hummer Edition 1) AND a $25k truck (Ford F150, I can say that it’s even DUMBER to spend an additional $100k on a truck that can’t do anything different or better than the $25k truck (my hummer is a daily driver, not a hauler). Whereas a $500k Aventador does significantly more than a $25k Accord.
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