follow ft86club on our blog, twitter or facebook.
FT86CLUB
Ft86Club
Speed By Design
Register Garage Members List Calendar Search Today's Posts Mark Forums Read

Go Back   Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community - FT86CLUB > 2nd Gens: GR86 and BRZ > GR86 General Topics (2nd Gen 2022+ Toyota 86)

GR86 General Topics (2nd Gen 2022+ Toyota 86) General topics for the GR86 second-gen 86


User Tag List

Reply
 
Thread Tools Search this Thread
Old 11-03-2021, 02:18 AM   #295
Kona61
Senior Member
 
Kona61's Avatar
 
Join Date: Feb 2021
Drives: ‘22 CWP
Location: SoCal
Posts: 261
Thanks: 156
Thanked 242 Times in 108 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quote:
Originally Posted by 86-75309 View Post
My 2014 Cayman suffered from what a lot of modern performance cars suffer from, tall gearing. Second gear in my 86 matches first gear in the Cayman.
That was the worst thing about the GT4 my mother had. Any backroad was 1st or 2nd. I believe it topped out around 80-some MPH in second?
Kona61 is offline   Reply With Quote
The Following 2 Users Say Thank You to Kona61 For This Useful Post:
Pete (11-05-2021), timurrrr (11-03-2021)
Old 11-04-2021, 11:09 PM   #296
wheelspeed
Large Member
 
Join Date: Jan 2020
Drives: Ford Flex, ZX9R, FLHTCUi, DRZ400S
Location: Pittsburgh
Posts: 52
Thanks: 91
Thanked 33 Times in 14 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quote:
Originally Posted by Blighty View Post
Well... There are plenty of us out there who haven't had any support from our parents the second we hit 18 and moved out.

You win in ANY economy by being highly skilled in a job people require.

And honestly, being highly skilled just requires you to dedicate yourself to something, it doesn't even need that you be some very smart person or hold a lot of degrees or anything really.
Yeah, "Generational wealth" is a media thing or (in USA) a democratic thing to get people pissed off and feel like they're situation isn't their blame, but that they just don't have 'generational wealth'. Bullshit. It's not a thing. Sure, movie-star kids and some Rockefeller kids have generational wealth, but that's a super small %, everyone I know didn't have anything to start with. But their parents were hard working and down to earth, and their kids ended up hard-working and down to earth. I'm speaking of some college friends but also my highschool friends. Heck, the guy who did Heating-Ventilation-Air Conditioning "HVAC" in highschool may be the richest of us all... He never had college bills, started working at 18, and then got his plumbers license and now has his own company. There's a huge shortage for these people now, so he just rakes it in.

Sorry for the political rant on a car forum but the generational wealth thing is a serious trigger for me.
__________________
- Have fun!
wheelspeed is offline   Reply With Quote
The Following 4 Users Say Thank You to wheelspeed For This Useful Post:
Boomerang (11-05-2021), Dadhawk (11-05-2021), OkieSnuffBox (11-05-2021), soundman98 (11-04-2021)
Old 11-04-2021, 11:18 PM   #297
wheelspeed
Large Member
 
Join Date: Jan 2020
Drives: Ford Flex, ZX9R, FLHTCUi, DRZ400S
Location: Pittsburgh
Posts: 52
Thanks: 91
Thanked 33 Times in 14 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quote:
Originally Posted by Ernest72 View Post
... Remember, even people who got generational money in many cases that money came from hard work.
There is really NOT generational money floating around.

Learn a useful trade or skill, show up every day you're supposed to, and be customer focused. There you go.
__________________
- Have fun!
wheelspeed is offline   Reply With Quote
Old 11-05-2021, 09:05 AM   #298
Sapphireho
Combo Steak
 
Sapphireho's Avatar
 
Join Date: Mar 2016
Drives: '15 ultramarine
Location: Idaho
Posts: 13,117
Thanks: 5,426
Thanked 18,106 Times in 8,555 Posts
Mentioned: 154 Post(s)
Tagged: 0 Thread(s)
Quote:
Originally Posted by wheelspeed View Post
Yeah, "Generational wealth" is a media thing or (in USA) a democratic thing to get people pissed off and feel like they're situation isn't their blame, but that they just don't have 'generational wealth'. Bullshit. It's not a thing. Sure, movie-star kids and some Rockefeller kids have generational wealth, but that's a super small %, everyone I know didn't have anything to start with. But their parents were hard working and down to earth, and their kids ended up hard-working and down to earth. I'm speaking of some college friends but also my highschool friends. Heck, the guy who did Heating-Ventilation-Air Conditioning "HVAC" in highschool may be the richest of us all... He never had college bills, started working at 18, and then got his plumbers license and now has his own company. There's a huge shortage for these people now, so he just rakes it in.

Sorry for the political rant on a car forum but the generational wealth thing is a serious trigger for me.
Yep. 88% of all millionaires are self made.
Sapphireho is offline   Reply With Quote
Old 11-05-2021, 09:34 AM   #299
Quentin
Senior Member
 
Join Date: Dec 2011
Drives: ‘16 4Runner, ‘19 Corolla HB
Location: Hurricane, WV
Posts: 1,233
Thanks: 685
Thanked 813 Times in 435 Posts
Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quote:
Originally Posted by Sapphireho View Post
Yep. 88% of all millionaires are self made.

Self-made only means they didn’t directly inherit from their parents. Jeff Bezos would be considered self made… but his parents invested $250k of their life savings for the initial start up capital. $250k isn’t generational wealth… but it is a big chunk of change that most people don’t have access to.

From your 88% number, I’d wager a vast majority of those millionaires got that way from getting access to assets that exploded in value. Right idea, right place, right time. Once you have money, it’s easier to make more money.

For example: didn’t have to work during HS > focused on school > got good grades > got scholarships > little college debt > invested extra in 401K at 23 thru present (versus saddled with debt) > 401K, that I put zero physical work into, earned more than my salary last year.

Some of that was hard work and good decisions… but a lot of that was based on a great starting point. Not generational wealth, but not having negative outside boundary conditions.


Sent from my iPhone using Tapatalk
Quentin is offline   Reply With Quote
The Following User Says Thank You to Quentin For This Useful Post:
Adam_L (03-01-2022)
Old 11-05-2021, 11:39 AM   #300
mazeroni
Senior Member
 
Join Date: Aug 2015
Drives: 2013 Scion FR-S Series 10
Location: Nashville, TN
Posts: 1,116
Thanks: 600
Thanked 1,017 Times in 512 Posts
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quote:
Originally Posted by Quentin View Post
From your 88% number, I’d wager a vast majority of those millionaires got that way from getting access to assets that exploded in value. Right idea, right place, right time. Once you have money, it’s easier to make more money.k
https://www.businessnewsdaily.com/28...-got-rich.html

"Further, a second study by Fidelity Investments found that 88% of all millionaires are self-made, meaning they did not inherit their wealth.

The Fidelity study also revealed that self-made millionaires' top sources of assets were investments/capital appreciation, compensation and employee stock options/profit sharing. [...]

For self-made millionaires, though, coming into wealth isn't always a simple process – many of them worked hard to achieve the financial success they did, and then had the smarts and savvy and put their new wealth in the right places."


It is primarily some combination of a working, investments, and the acquisition of appreciable assets. If you work a middle of the road job for 40 years and max out your investments and 401K, you can easily become a millionaire.

My parents would technically be "self-made millionaires," but they are in their 60s and have a house, 401k, and other assets. None of it is really that liquidable and it must last them 40 more years. My dad's most luxurious purchase recently was a base modal Toyota Venza.
mazeroni is offline   Reply With Quote
Old 11-05-2021, 12:02 PM   #301
Dadhawk
1st86 Driver!
 
Dadhawk's Avatar
 
Join Date: Feb 2012
Drives: '13 FR-S (#3 of 1st 86)
Location: Powder Springs, GA
Posts: 19,760
Thanks: 38,722
Thanked 24,829 Times in 11,333 Posts
Mentioned: 181 Post(s)
Tagged: 4 Thread(s)
Quote:
Originally Posted by mazeroni View Post
My parents would technically be "self-made millionaires," but they are in their 60s and have a house, 401k, and other assets. None of it is really that liquidable and it must last them 40 more years. My dad's most luxurious purchase recently was a base modal Toyota Venza.
Your parents aren't alone. Estimates are about 8% of the US population are these types of millionaires. Heck, in the majority of the US, if you bought a house in your 20's and paid it off over 30 years, by the time you are in your 50's you are 50% or more the way to being a millionaire just from owning your home.
__________________

Visit my Owner's Journal where I wax philosophic on all things FR-S
Post your 86 or see others in front of a(n) (in)famous landmark.
What fits in your 86? Show us the "Junk In Your Trunk".

Last edited by Dadhawk; 03-01-2022 at 08:32 AM.
Dadhawk is offline   Reply With Quote
The Following User Says Thank You to Dadhawk For This Useful Post:
Adam_L (03-01-2022)
Old 11-05-2021, 12:36 PM   #302
Quentin
Senior Member
 
Join Date: Dec 2011
Drives: ‘16 4Runner, ‘19 Corolla HB
Location: Hurricane, WV
Posts: 1,233
Thanks: 685
Thanked 813 Times in 435 Posts
Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Any good reason to stick with 1st Gen?

Quote:
Originally Posted by mazeroni View Post
https://www.businessnewsdaily.com/28...-got-rich.html

"Further, a second study by Fidelity Investments found that 88% of all millionaires are self-made, meaning they did not inherit their wealth.

The Fidelity study also revealed that self-made millionaires' top sources of assets were investments/capital appreciation, compensation and employee stock options/profit sharing. [...]

For self-made millionaires, though, coming into wealth isn't always a simple process – many of them worked hard to achieve the financial success they did, and then had the smarts and savvy and put their new wealth in the right places."


It is primarily some combination of a working, investments, and the acquisition of appreciable assets. If you work a middle of the road job for 40 years and max out your investments and 401K, you can easily become a millionaire.

My parents would technically be "self-made millionaires," but they are in their 60s and have a house, 401k, and other assets. None of it is really that liquidable and it must last them 40 more years. My dad's most luxurious purchase recently was a base modal Toyota Venza.

If you are literally looking at a net worth of more than $1M, as you said, a ton of (especially older) people that are middle/upper middle class home owners will break that threshold. I’m not sure what the Fidelity study set as requirements. Earlier in the article they mention a net worth of $30M and 68% of those being “self made”. Pretty big difference between being your 60 year old parents worth over $1M and a $30M net worth. I wouldn’t argue that generational wealth is a requirement to be a millionaire at 60. Heck, if you purchased a single family home in 1990 in San Fran, you are surely a millionaire just by home value (not that it is liquid… but per the technical definition).

TLDR: Ultra wealth comes with a lot of luck and starting point advantages. It isn’t out of the realm of possibility to grind your way to “millionaire” in the technical sense. Just making that threshold means you are comfortable but still working.

LOL, what a tangent we’re all on.

Sent from my iPhone using Tapatalk
Quentin is offline   Reply With Quote
Old 11-05-2021, 12:49 PM   #303
bcj
Geo Tyrebighter Esq
 
bcj's Avatar
 
Join Date: Mar 2013
Drives: '13 scion fr-s
Location: pnw
Posts: 4,148
Thanks: 6,217
Thanked 4,901 Times in 2,171 Posts
Mentioned: 38 Post(s)
Tagged: 1 Thread(s)
Garage
Uh, how many zillionaries own a zenki compared to people living in mom's basement who are making payments on a kouki.

Can't find the stats ...
__________________
--
"I gotta rock." -- Charley Brown
bcj is offline   Reply With Quote
The Following User Says Thank You to bcj For This Useful Post:
WolfpackS2k (11-11-2021)
Old 11-05-2021, 12:52 PM   #304
Ernest72
Senior Member
 
Join Date: Jul 2016
Drives: 16 Silver BRZ, 04 Silver WRX wagon
Location: Rockland county, NY
Posts: 1,409
Thanks: 180
Thanked 767 Times in 438 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
We need to change the way we think about these things. Too focused on money. For example I watch a lot of YouTube channels related to my hobbies. Barely watch TV anymore. The channels I love the most are where people are working on their cars that they just love. Trying to improve them and make then their own. This passion and feeling of accomplishment is so much better then the myriad of channels that get a new supercar every week. I am really not impressed because they could really care less about the cars, they just need vids. And it’s not just the built not bought thinking. I don’t care if you don’t have the skill and need to buy services. It’s the passion and vision that I relate to. Basically what I get from the channels are that all these supercars are the basically the same. Seems boring to me, just another shiny object to impress someone.
Ernest72 is offline   Reply With Quote
The Following 2 Users Say Thank You to Ernest72 For This Useful Post:
Dadhawk (11-05-2021), Yoshoobaroo (11-05-2021)
Old 11-05-2021, 01:32 PM   #305
Th3rdSun
Senior Member
 
Join Date: Jun 2015
Drives: 2013 FR-S MT Hot Lava
Location: Chicagoland Area
Posts: 558
Thanks: 142
Thanked 280 Times in 180 Posts
Mentioned: 5 Post(s)
Tagged: 1 Thread(s)
Quote:
Originally Posted by Ernest72 View Post
We need to change the way we think about these things. Too focused on money.



Who's "we"? I like watching Doug DeMuro just as much as I like watching Scotty Kilmer,just as much as I like watching ThrottleHouse,or Everyday Driver,or Donut Media. It's all just content,and there's something for everyone.



If you like just tinkering and watching channels like Cleatus MacFarlane,that doesn't invalidate the channels like ThatDudeInBlue or Shmee 150 just because you don't like their channels.I don't care for their content,but obviously there are a ton of people that do,as they have pretty big Youtube channels.



Different strokes for different folks.
Th3rdSun is offline   Reply With Quote
Old 11-05-2021, 02:03 PM   #306
Ernest72
Senior Member
 
Join Date: Jul 2016
Drives: 16 Silver BRZ, 04 Silver WRX wagon
Location: Rockland county, NY
Posts: 1,409
Thanks: 180
Thanked 767 Times in 438 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quote:
Originally Posted by Th3rdSun View Post
Who's "we"? I like watching Doug DeMuro just as much as I like watching Scotty Kilmer,just as much as I like watching ThrottleHouse,or Everyday Driver,or Donut Media. It's all just content,and there's something for everyone.



If you like just tinkering and watching channels like Cleatus MacFarlane,that doesn't invalidate the channels like ThatDudeInBlue or Shmee 150 just because you don't like their channels.I don't care for their content,but obviously there are a ton of people that do,as they have pretty big


Different strokes for different folks.
Not trying to censor anything, glad the content is out there. I think we (me and you) can agree that we (society) over emphasize wealth as a measure of success or happiness. When pretty much every study shows it is not.

Many people just want to be rich, thinking it will solve all their problems. This is known to be untrue just look at lotto winners, usually makes life worse or no better.

Those that are happiest are those that chose to do something, accomplish something and that something just happened to make them rich. And in many instances they did not a get rich but lead a good life.

When a teacher asks a kid what they want to be when they grow up, the answer should be “happy”. And that could be doing anything under the sun, different for different people.

Is getting a new supercar every week really original content. They literally pass around the same cars in some cases. It’s not much different than Instagram chicks renting a yacht for 2 hours to create their fake lives. Yes it’s content and is perfectly legal so I have no issue with it being out there by any means. The number of subscribers is just a reflection of how we (society) are a bit out of whack.

But we are way off topic for this thread.
Ernest72 is offline   Reply With Quote
The Following 2 Users Say Thank You to Ernest72 For This Useful Post:
alex87f (11-05-2021), Th3rdSun (11-08-2021)
Old 11-05-2021, 02:05 PM   #307
alex87f
Meow
 
alex87f's Avatar
 
Join Date: Aug 2017
Drives: GT86, Volvo 996
Location: France
Posts: 528
Thanks: 310
Thanked 442 Times in 234 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
... which is a nice transition into answering this thread:

Any good reason to stick with 1st Gen? -> Because you're happy with it
alex87f is offline   Reply With Quote
The Following 9 Users Say Thank You to alex87f For This Useful Post:
Adam_L (03-01-2022), AFBDA (11-05-2021), BrahmaBull1990 (11-05-2021), Dadhawk (11-05-2021), Ernest72 (11-05-2021), new2subaru (11-06-2021), Ohio Enthusiast (11-05-2021), Quentin (11-05-2021), Sasquachulator (11-05-2021)
Old 11-05-2021, 02:47 PM   #308
BrahmaBull1990
Howdy
 
BrahmaBull1990's Avatar
 
Join Date: Feb 2021
Drives: 2020 BRZ PP
Location: Snohomish, WA
Posts: 589
Thanks: 1,271
Thanked 446 Times in 248 Posts
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quote:
Originally Posted by alex87f View Post
... which is a nice transition into answering this thread:

Any good reason to stick with 1st Gen? -> Because you're happy with it
Hahahaha just thinking this and scrolling till the topic came back
__________________
There's a point at 7,000 RPM... where everything fades. The machine becomes weightless. Just disappears. And all that's left is a body moving through space and time. 7,000 RPM. That's where you meet it. You feel it coming. It creeps up on you, close in your ear. Asks you a question. The only question that matters. Who are you?
BrahmaBull1990 is offline   Reply With Quote
 
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Another good reason to drive an AT Hotrodheart Scion FR-S / Toyota 86 GT86 General Forum 31 07-13-2016 02:00 AM
A Good Reason to Stay With Narrow 17s FlamingRectumSyndrome Wheels | Tires | Spacers | Hub -- Sponsored by The Tire Rack 32 04-30-2014 05:18 PM
FA20CLUB: GOOD REASON TO REMOVE YOUR TURBO KIT RIGHT AWAY.... FA20Club.com Forced Induction 27 06-22-2013 12:19 AM
Car Name; Reason why FT-86 won't stick xantonin Scion FR-S / Toyota 86 GT86 General Forum 54 07-17-2011 01:52 PM


All times are GMT -4. The time now is 02:54 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
User Alert System provided by Advanced User Tagging v3.3.0 (Lite) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.

Garage vBulletin Plugins by Drive Thru Online, Inc.