Supercars and faking it till you make it 🤬

Before I go on a rant, I don't mean to pick out this particular young and aspiring individual specifically, as my point is meant to cover people of the sort and not specifically "Archie Hamilton" who at least deserves some credit for his hustle.

Now, onto the meat of the issue. Faking it until you make it.

How often do we see people showing off their fancy super cars and frivolous fun flappy lifestyles while they seek to up their social status on social media, drawing the attention of all those people jealous or envious of the decadent lifestyle on display?

Nowadays, just about every influencer likes to pretend like they're rich and successful and it often begins with owning a super car. Now don't get me wrong, I love me a super car and I think if you're in the position to afford one, then there's no reason at all why anyone should tell you what you can and cannot do with your money.

My problem is with those people who go into debt, to purchase a car they can't afford, to impress people who absolutely don't fuckin' care. If someone shows up in a super car, the superficial girls are probably wondering "how much did it cost?!" whilst the cynical wise guys are probably wondering how broke the dude is. The sad fact is, mass consumerism driven by taking on excessive debt has driven the society bonkers.

There's a huge fuckin' difference between someone who runs a multi-million/billion dollar business and someone who's leveraged to the bees knees with debt when it comes to super car ownership.

For the most part, cars are depreciating assets, they don't generate cash flow, and if you're not buying them upfront, you're gonna be paying even more for the privilege of "owning" one.

You'll know when someone can actually afford the cars they own, because they aren't rushing for the exit every few months and switching up their cars. In-fact, they probably keep adding to the collection. It doesn't concern a person who can afford the car if it goes down in value because believe it or not, they don't actually care! Do you care if your phone goes down in value after using it for 2 years? Probably not.. that's because unlike a supercar, it's something you CAN afford and probably didn't break the bank to procure. Well, that's how people who really can afford supercars think about their cars.

They typically spend a good few decades building up high cash flow businesses or assets and have grown their disposable wealth to the point that spending a few million on cars amounts to a very small percentage of their net wealth.

Compare that with the youtuber with a lease or finance on a car and barely even affording the petrol. That's not even mentioning the cost of insurance, servicing and maintenance.

At the end of the day, does faking it before making it work? Sometimes. But going down the route of owning a super car is one of the dumbest ways to fake it before you make it.