When you’re measuring your financial progress, most of you may think that you could just be richer if you could make more money per month. But have you ever though whether making more money is enough to make you richer?

One of the most controversial debates that are currently going on in the world of personal finances is what constitutes rich. Most people agree that the place they live at makes a big difference in whether or not you feel that you’re rich. Standard of living is the most important thing that determines your richness. Becoming debt free in a place where the standard of living is high is much more difficult than paying off debts in a low profile place.

Making more money does not translate into having the money to spend on whatever you want.

What are the expenses that drain off your wealth?

It is worth noting that there are some particular expenses that drain away wealth, no matter how much money you make each month. Staying educated on these spheres will help you avoid such expenses so that you can maintain a wealthy life.

1. Your house or car

Most people in America turn out to be house poor. They decide to get a big house and then terribly struggle to make both ends meet. If you have not been modest while purchasing your home and you had stupidly bought a home beyond your affordability, you must have been suffering lately. Since the financial crash, it has been surveyed that most homeowner’s monthly housing costs comprise of half of their monthly income. The same theory goes for a dear car for whose insurance you cannot arrange money.

2. Your unsecured debts

Your unsecured debts are a big expense for you. What can be more unfortunate than having unsecured debt obligations and paying interest rates to someone else instead of using that money to invest for your future? There are instances of people who make more than $150,000 per year but are saddled with unsecured credit card debt and feel themselves to be nothing but poor creatures who are failing to make both ends meet.

Monetary resolutions to set your foot on a wealthy life?

After some studies have been made among the affluent, it has been derives that planning, perseverance, dedication, hard work and self-discipline is what it takes to be a wealthy man. Here are some monetary resolutions that must be taken by every individual in order to build wealth and take a plunge into the life of a millionaire.

1. Live below your means

Don’t be fooled by the average lifestyle of a millionaire. The keyword to living a life of a true millionaire in the near future is ‘frugal’. Most financial experts believe that leading a frugal life is the secret of saving for your future. The typical Americans are known for working hard, making money and then spending it well. You must change this spending habit and make sure that you stop buying unnecessary things that you can do without.

2. Evaluate the importance of saving each dollar

When you put in your efforts in saving money, you can soon understand how spending $10 and $30 dollar makes a huge difference. You must always remember that money has the ability to work in your place and therefore, the more you employ it, the faster it will grow with time. Try to save money at every step of life and enjoy leading a frugal life so that you can soon get the results you desire.

3. Become proficient as an investor

In order to boost your savings and build wealth, you can try becoming a proficient investor. Investment is one of the best ways to make money and also boost your savings by controlling them. Get to know about the investment market so that you can understand the fluctuations and take good control over your investments. Also make sure that you manage a balanced portfolio that will help you gain maximum profits with minimum risks.

As you might think that there’s nothing wrong with spending money on things that seem to be important to you, you must reconsider your decision. The actual concept of being ‘rich’ is being able to spend money for what you need now, save money for your future and spend a little in purchasing things that you like. Lead a debt free life and boost your income so that you reach one step closer to becoming a millionaire.

The most expensive car in the world is the Bugatti 57SC Atlantic. It was built in 1936 and used to belong to car collector Dr. Peter D. Williamson.

The Bugatti 57SC Atlantic was sold for an undisclosed sum to the happy new owner – the Mullini Car Museum in California.

This makes it the most expensive car in the world ever sold. The second most expensive car in the world is a long way behind – the legendary Ferrari 250 Testa Rossa is available for only $12.2 million.

Most Expensive Used Car Ever

The Bugatti 57SC Atlantic was originally built in 1936. It was designed by Jean Bugatti – the son of Ettore Bugatti, the legendary car designer and manufacturer.

Most Expensive Car in the world - Price 30 - 40 million dollars

The Atlantic was originally made after a show car that was first revealed in 1935 for the Paris Auto Salon. The original show car was made out of magnesium which is incredibly difficult to weld. That meant that due to technological restraints the car had riveted welding points across the magnesium panels that were welded together.  These welding points became a large design success and later when the Bugatti Atlantic was built it was actually made out of aluminum but the outside welding was added because of the popularity and coolness factor.

Only 2 Bugatti 57SC Atlantic’s remain in the world today – the other 1 is owned by the famous fashion designer Ralph Lauren.

Most expensive car in the world – More Pictures

Here are a couple of pictures of the Bugatti 57SC Atlantic that is owned by Ralph Lauren. Instead of being blue as the world’s most expensive car, this one is black and actually looks a little better. If Ralph were to sell this car it would without a doubt be even more expensive as the most expensive car that was just sold.

Looks better than the Bat Mobile...

Notice the distinctive fin and the weldings

The Bugatti 57SC Atlantic has 6 exhaust pipes - how many does your car have?

]]> http://www.financialjesus.com/income/most-expensive-car-in-the-world-2010/feed/ 6 http://www.financialjesus.com/how-to-get-rich/10-ways-to-go-bankrupt/ http://www.financialjesus.com/how-to-get-rich/10-ways-to-go-bankrupt/#comments Fri, 09 Oct 2009 00:54:45 +0000 Roman http://www.financialjesus.com/?p=1613

1. Take Out as Much Loans as You Can

Never lose an opportunity to borrow money. If a relative just got a hefty inheritance – be sure to borrow some money! If the bank is having a special deal with interests next to nothing – borrow some money! You will never know when you’ll need more money. Borrow as much as possible – that way you will always have it when you need it!
Better safe than sorry!

2. Buy Your Kids Everything They Want

The neighbor’s 5-year old kid Johnny just got a new Iphone with a 2 year contract so that he could better keep in touch with his family! Your son Michael is already 6 and wants to change his Iphone 3G for the newest 3GS.
Of course it will cost $2000 to end the old contract prematurely but anything to make the kids happy, right?
Children are the future!

3. Lend Your Friends Some money

Your friend Frank just came to talk to you with another great business idea? Super! Loan him all the money you can! You don’t want to miss the opportunity of lifetime, do you?
In fact – Frank seems like such a great bloke – why not borrow some money from your parents to help him get started? You can always pay them back next year! Oh boy, oh boy – just imagine how happy they will be when they find out that you got 10 times more back than you invested!
Your wife says that you are a “down on your feet kind of guy”, so you also consider what the worst that can happen is.
Well, when things don’t play out as planned Frank will just give you your money back! At least the two of you will be better friends than ever, right?

4. Get as Many Credit Cards as You Can

Remember your friend Cindy? She has 13 different credit cards and all your girlfriends just adore her! She used to be a nobody but after getting as many credit cards as possible she is able to buy anything!
Neither she, nor her husband has a job but Cindy has a different Gucci bag every week – surely she must know what she is doing!

5. Go to a Casino

Casino is the best place to quickly make more money. Enter with 1000 dollars and leave an hour later with $5000. You are not stupid, so you know that there are some dangers associated with casinos – it is best to consult your horoscope or a fortune teller before visiting!

6. Borrow Money To Buy Stocks

Did you hear about this new company and their product MakeMoneyFast2000? This is going to be a clear winner! There is no way it will flop like their previous product UltraMoneyMaker1000 did!
Just take all your retirement money and invest it into their stock. This will be the best decision you have ever made! Time to start planning for retirement!

7. Buy A New Car

Noticed the Mercedes-Benz your neighbor John bought last week? What a beauty!
In a few months time your BMW X5 will already be 2 years old! This means you should better start shopping for a new car! Always remember what your wife told you – when your car is older than a few years your friends will stop liking you and tell bad things about you behind your back!
Don’t want that to happen, do you?

8. Never Skip a Sale

Wow, this lawn mower is 50% off! We’d better get it since it is just too good to be true!
What about the 2 lawn mowers you already have? Don’t worry! Just sell them on eBay! They were too expensive anyway…

9. Never Save Any Money

You have a job, right? And you get your pay check every week, right?
Then what’s the point of saving money? However much you will spend you will get more money next week, so there really is no point of saving! You will have more money whether you save or not!
Live life to the fullest!

10. Pay Your Debt with New Debt

Having too much debt to deal with? No problem! Just take out a new loan to pay for your old ones.
This is a fool proof system – since you will always get a new and a better loan you will be able to pay back your previous loans.
Teach your friends how to do this as well! After all – this is how millionaires get to be billionaires.