Not everyone can afford a new Porsche, Ferrari or Lamborghini. Most believe that you need a massive bank account to even consider buying one. How many people though have considered a quality pre-owned Porsche? Aha you say, I really never thought about that. Well now you should because there are some excellent pre-owned luxury and exotic cars available in the marketplace. You just need to know where to look.
Take a tour on the Internet. You will be pleasantly surprised at what you will find. There are all kinds of bargains among older upscale motor cars that still have lots of quality life in them along with the wow factor as well.
A good friend of mine was ready to plunk down about $24,000.00 for a pre-owned Honda. He did not necessarily want or need a Honda, it was just in his budget and a Honda is a very good car. Sure it is newer than the examples I give below, but it is not a Porsche. So I asked him this question. Why did you choose this Honda? He said, because I saw it advertised at a dealership and that was what I wanted to spend. All well and good I responded. Then I asked him the all important question. Would you ever consider buying a Porsche for that same $24,000.00? He immediately said of course but where the heck am I going to find a Porsche for $24,000.00? Well, the rest is history as we drive to our local pub for a pint of ale in his 1986 Porsche 911 he purchased for $22, 950.00.
Let us explore some examples of luxury/exotic cars for under $25,000.00.
On a very popular luxury/exotic car website there is a 1983 Porsche 911 SC advertised for $15,750.00. There are several pictures and the car looks like it is in pristine condition. The written description of the car sounds very appealing as well. It does have 95,000 miles on it, but hey, this is a classic 25 year old Porsche for under $20,000. You are bound to get head turners on this one.
How about another classic? A 1996 BMW M6 with only 43,000 miles. The owner of this classic is asking $22,750.00. Here is another Porsche. 1986 911 Carrera with 95,000 miles offered at $19,911.00. As you can see, these are but a few luxury/exotic cars that can be purchased for under $25,000.00. By spending a few hours online and researching your options, you will discover a whole new world of fine luxury and exotic motor cars available to purchase for under $25,000.00.
Now comes the interesting and fun part. If you are thinking about buying a car, especially a luxury or exotic car, will you now start to think about a quality pre-owned Porsche or BMW or even a Ferrari? Many of these fine motor cars are readily available for under $25,000.00. Think of the amount of money you can save as compared to buying a new luxury or exotic car. You will undoubtedly fulfill your ego and you will have a heftier bank account to show for it as well.
One thing is for sure; if you did not think you can afford a Porsche, think again.
A few years ago I attended a workshop at the International Coach Federation conference in Atlanta. Jack Canfield, co-author of the Chicken Soup for the Soul book series, was speaking. He had us fill out a worksheet that detailed what we did each hour in our business day, for each day of the week. Then he had us place a dollar value on each activity. For example, what would filing paperwork cost if we had to pay someone. The third step was to add up the hours that we spent on actual revenue generating tasks and how much they were worth.
It was an enormous surprise when I applied the formula to calculate how much I lost each year by doing the work someone else could do for me. According to that figure, by trying to save money and do everything myself, I was LOSING $25,000 per year!
This is an example of NOT using leveraged action. I thought I was saving money by doing the work myself, but in reality I was using time more profitably spent creating more income-generating ideas. Doing those tasks also gave me an excuse to not take action on my new ideas. That was a wake-up call for me.
To gain momentum, you have to take action, and the more you tap into other resources as you do that, the faster your results will appear. Once you start, you begin to attract the people and resources that will propel you forward.
Waiting until everything is perfect keeps you from finding out your next step. You'll spend all of your time fixing things without knowing if they will ever work.
So start. How do you do that?
1. Run, don't walk when you have a new idea. 2. Take massive action. What appears to be pure coincidence but is really things happening at the same time in parallel begin to occur. You have to be okay with chaos. 3. Make your action simultaneous, not sequential. There are four "Step 1's". Don't work linearly. Begin all things, work each of them, and run them through to completion. 4. Do it before you are "ready". As one of my mentors says, "Ready, Fire, Aim." Start without knowing. It's easier to clean up a mess than to start. 5. Leverage every asset you have:
- Other people's experience: If you aren't a bookkeeper and have to learn how to run an accounting program, the learning curve plus the time you spend entering data will add up. Tasks like this may not be cheaper in the present, but they will be cheaper in the long run.
- Expertise: Do what you love and let others do what they love. Doing more of what you do well will soon make you a master at it. By focusing on your area of expertise, your knowledge becomes more valued and you become an expert.
- Connections: By joining associations, creating alliances, and participating in mastermind groups you meet people who might know or do what you need. Use their mastery to allow you to develop yours.
- Time: Make a decision that your productivity is more important than anything. Protect it. Invest in high priority activities.
Taking leveraged action also extends to my non-work activities. I decided some time ago that I wanted a lifestyle-driven business, so I soon saw the value of leveraging other people's time and energy to do household tasks as well. After a busy day at work, I have a need to relax, instead of doing things that are necessary but not pleasant for me.
Doing things I take pleasure in restores me. Although those tasks are not related to my work directly, I have more focus and energy when I don't have to do those things and it improves my bottom line indirectly.
So, take action, do what you love, and let others do what they are good at.
Both Victor Martel & Marilyn Schwader are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Victor Martel has sinced written about articles on various topics from Jewelry, Cars and Porsche. Victor Martel is an expert in buying and selling luxury and exotic cars quickly and at the best price.You can learn more by visiting his website