Unexpected expense! Eight Ferraris were among a 14 car pileup in Japan recently.
On an overseas trip through Tokyo, I was placed next to a Japanese guy in business class.
He was very friendly. After our introductions we got on to our love of good cars. I'm a car nut, so it wasn't too long before we were comparing notes. He mentioned he owned a late model Ferrari Testarossa.
I was immediately envious, but the feeling didn't last long.
A Ferrari Testarossa costs a fortune to run.
Because he started talking about what was going wrong with his beautiful automobile after only 7,000kms of driving.
The costs were staggering... $20,000 to change the clutch - which usually only lasted 10,000km!
He went on about other repairs that simply were too expensive for the ordinary guy to imagine, and I was put off Ferraris forever.
You see, when you buy those exotic items, they come with an additional price.
Gardening and topiary will be a major maintenance cost for your mansion.
A massive McMansion needs hundreds of thousands of dollars worth of new furniture to fill it, and maybe staff to run it.
An exotic car or yacht needs ongoing and expensive maintenance.
So while these toys are great to dream about, the ongoing costs afterward will eat up your fortune quicker than a hungry gopher on a golf course.
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Maher M. email@example.com