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Hagerty
Hagerty Employee

Avoidable Contact #148: Trying to be about it, not just talk about it

My son was on the phone with his best friend from school. "Okay, you have right? And in Forza they have the Radical SR8, which is one of the fastest cars in the game? Well, Dad's new car is that car ...
https://www.hagerty.com/media/opinion/avoidable-contact/avoidable-contact-148-trying-to-be-about-it-...
76 REPLIES 76
fueledbymetal
Advanced Driver

“If you do that, you can have a free $100,000 car in your driveway year round. You can travel to the Miami F1 race on a car company’s dime and sit trackside while people fetch your drinks.”

Lieberman reference?

Either way, immeasurably commendable how you keep it real.

Cheers!
Jack_Hagerty
Moderator

I wasn’t thinking of him specifically… there are quite a few folks living that lifestyle. It’s hard to name them because they aren’t in any way memorable and they all take the same photos on social.
Gary_Bechtold
Specialist

The shared kool-aid pool they drink from is fairly obvious. As of now when my Car & Driver subscription runs out I do not intend to extend my subscription and I have had it since I was a teenager.
DUB6
Specialist

Ther were some good old days at C&D, for sure.  But I haven't even picked up a copy in a Doc's office for a long time, let alone subbed.  They just lost their way, and just kinda lost me...

Snailish
Instructor

I pick up C&D to read the letters and whatever Elana Scherr has contributed. Hot Rod, Roadkill, C&D her tenures have made them better.

Redline09
Pit Crew

He is a massive, embarrassing shill though.
RokemRonnie
Instructor

I'm not a tax attorney or an IRS agent, but it seems to me that being paid to write about your Radical makes it a deductible business expense, along with the $37,500 engine-out refresh, required every 40 running hours.

Back when Al Franken was still sort of funny (I always preferred Davis to Franken), he did a bit on SNL about making stuff tax deductible. Of course, taking tax advice from a comedian is funnier than SNL has been in years.

"since I’m a comedian, almost anything I spend can be justified as a business expense. For example, this sports jacket. [ holds out sleeve ] See, I’m wearing it on TV, so it’s a business expense. [ pulls leg over desk ] You see.. these pants here. Now deductible, because they’re on TV. [ extends wrist ] Okay, this watch. It’s an expensive watch, it’s now deductible. Okay.. [ picks up tape deck and puts in on desk ] This portable tape deck. It’s got everything.. now deductible. Now, this Christmas, I went to Hawaii.. [ holds up picture ] ..and here’s a picture of me in Hawaii, taken by some friends I met there. And, I don’t know if you can see this – can we pull in a little closer there? [ camera zooms in on picture ] Now, obviously, I couldn’t have taken this picture unless I’d actually gone to Hawaii, and stayed in a hotel there. And I think that you, the audience, you like this picture, am I right? [ audence applauds wildly ] Okay, now the Hawaii trip is deductible."
Bullitt315
New Driver

I'm a CPA who has primarily been doing taxes for the last 10 years. Jack would get absolutely crushed in an audit if he did this. There's ways to structure it so the odds of getting audited are less and there's some grey lines to be aggressive on but the safe answer is "You shouldn't and can't do that"
mhealy1
Advanced Driver

My friend/CPA has a favorite phrase:”pigs get fat. Hogs get slaughtered.”
CitationMan
Gearhead

Life and economics is just a series of trade offs. You’ve made a reasoned decision and made the trade. Plus you’ll get more driving hours out of the Radical in a year than the typical Ferrari owner does from his car.
Jack_Hagerty
Moderator

Let's hope!
oregonsrf
Pit Crew

Long ago, when my wife showed Quarter Horses, the absolute best horse name I ever ran into was
"It's Only Money Honey". I've applied the same logic to racing. If my wife and I end up sharing space on a warm steam grate in some PNW downtown in our old age, there will be no regrets about money spent on racing or horses.
SJacobT
Detailer

...but thinking makes it so.
AdrianClarke
Instructor

Wait, now you're telling me I could have a $100,000 press car and a trip to Miami? As Bill Hicks said "Did I miss a meeting?". I thought I was writing for the art!

Seriously though, I'm going to turn 50 next year (ha! in your FACE JacoOnlyNeeded4!) and I'm realizing I need to get back on a motorbike again, after nearly ten years off. Before I can't do it anymore. It won't be fast, or indeed expensive, but it needs to happen while I can still move without any pain and see without lenses.
Jack_Hagerty
Moderator

I recommend either a Honda Monkey or a used ZX-12R.
FloridaMarty
Instructor

If you can pay cash and not borrow against your home's false value, or your family's financial security, then great. But remember something, the sins of the father are visited upon the children. My parents, especially my dad, always bought (especially cars) whatever they wanted along the road of life. Now they are both old and somewhat destitute for lack of planning for their future... I learned so much (and avoided trouble) by watching their mistakes. I bet your son will learn from yours.

Tinkerah
Engineer

The story about your parents not withstanding, I have a mild fear of my resources outlasting me.
Jack_Hagerty
Moderator

There's nothing as boring as hearing other people's financial details, but my son doesn't need me to leave him a penny, he is in good shape. I'm more worried about showing him that anything he wants *could* be possible. As John Mayer once sang, I was raised a housecat; I'd like him to be a tiger.
Tsaxman
Advanced Driver

Oh my goodness, Jack. Real motorsport drivers drive other people's cars!

As a kid, I saw guys go to the local drag strip and run their daily transportation vehicles. Then, when they blew a rod or had some other mechanical catastrophe, they left it there and got a ride back home with friends or family, where they had to arrange for a tow or a trailer to retrieve their ersatz racer.

That said, your Radical SR8 is a real racer. it's just a shame that you have to think about not wrecking it when you break late in the chicane.

As a footnote, Jaco only need four strings because he was the best, ever. Before he crashed and burned in a much different way.
Tsaxman
Advanced Driver

*brake late, is what i meant to type, of course. "Breaking late" is another story.
Jack_Hagerty
Moderator

Two years ago, Victor Wooten sat down with my son and had a long talk with him about Jaco. It was one of the most emotionally affecting things I've ever seen; two bass players of different generations trying to understand the illness that had driven a mutual idol of theirs to a very lonely death.
Tinkerah
Engineer

Ross Bentley? Victor Wooten? You travel in some highly respected yet wildly disparate circles Jack.

Jack_Hagerty
Moderator

The benefit of being a nobody is that I can hang with anybody!
BMD4800
Gearhead

humility is the outward expression of profound wisdom.
DaveB
Detailer

well written.. I'm in the my dream car needs to wait category... unfortunately... =(
MeJ
Advanced Driver

"...If the time isn’t now, I have no idea when it could be. I won’t see any better next year, my reflexes won’t be faster, I won’t be in less pain..." Sounds like my own inner monologue!
I'm in your age group and I'm looking at a beautiful 1980 Corvette this weekend (it would/will be my fourth). Black on black, upgraded carb, intake, headers, HEI, 700R4...I don't worry to much about cost when it's something I know will put a smile on my face. Like you insulated, life only happens once.
CitationMan
Gearhead

I had to explain my Corvette to a non car guy, and when I could see that he did not understand my explanation of how it feels to drive it, simply said, “it puts a smile on my face, every time.”

Jack_Hagerty
Moderator

I can see that car in my head as you describe it. Straight out of my own childhood dreams. I hope you make it happen.
MeJ
Advanced Driver

Thanks man. If it's all as advertised it should be home with me Sunday!
Tinkerah
Engineer

We probably all think we're "old" but trust me: ten years from now we'll look back and wonder "What the hell was I complaining about back then??"

Gary_Bechtold
Specialist

Real life race car is superior to video game one every time. I like the Radical, it's a very cool race car. It's out of my budget but I'd drive the heck out of it.
BMD4800
Gearhead

The visceral rush of a lousy car on a great track is amazing. You feel like you are driving a monster.
MoparMarq
Advanced Driver

Another example of hypocritical: having a co-worker tell you he thinks it's good that gas prices are high because it will force more folks to go out and buy EVs. I had to remind him that each of us was personally responsible for burning over 60,000 gallons of jet fuel each month at work, for a company that had to buy 700 million gallons of the stuff last year. Talk about "cognitive dissonance".
Jack_Hagerty
Moderator

Wait until your friend hears about the price of electricity...
Tinkerah
Engineer

I, and likely others here envy you Jack: you are not "trying", you are indeed "being" about it, even while talking about being about it!
OptimusPrime
Detailer

I'm fortunate in that the desire to have children never overcame my wife or me, so there's more money to burn on silly cars. That said, there's still retirement to think about.

As I get older, I've seen my aged relatives lose quality of life and life itself, sometimes long before they thought they would. I watch the events in the world unfold around me and wonder how much longer until the next global catastrophe and what impacts will be felt. It all makes me wonder how much sense there is in saving for an uncertain future that no one is guaranteed. Especially when you have able mind, body and finances today -- right this very moment.

There seems to be sound reasoning in living more in the present and not in some imagined time decades from now.
Jack_Hagerty
Moderator

That's part of it for me as well. The best analogy I have is when I bought a Yamaha YZF600R in 2000. Investing that money in even the most conservative index fund would have me looking at $250k now, but can $250k make me twenty-eight years old and wound out in sixth gear again?
BMD4800
Gearhead

No, but a good down payment on a Prevost.

js100
Detailer

As my brother once said, when building a home, "I can always order more checks".
Good for you, Jack, follow your dreams. And, as a father, I admire your commitment to your family by sharing your passions, and making fun a priority in life. There are only so many trips around the sun, make them memorable.
Jack_Hagerty
Moderator

I'm also building a house... and they won't let me order any more checks!

🙂
Gary_Bechtold
Specialist

They said checks not overdrafts.  It's a silly mistake. 

DUB6
Specialist

Yeah, I built my own home here on the ranch about27 years ago, and the banker NEVER said anything to me about any endless supply of checks.  In fact, he kind of hinted that maybe I'd better call him for approval before I wrote any of the handful he gave me!

DUB6
Specialist

   For all the folks who are thinking about the "why plan for a future that is uncertain at best, and at worst, that I might not even live long enough to attain?" - just bear in mind that a LOT more of us get to that place than not.  If you spend it all now thinking you might not live to use it later, you'd better be right.  Yes, some folks die young.  But statistically, more folks don't.

   @Tinkerah said he has a mild fear of outliving his resources.  Better that than the other way 'round, man!  I've known way too many folks who've not planned for those days when reflexes are slower and pains start up as soon as they turn out of bed and have/are living miserably because they "did it then when they could".

   I get that we should enjoy what we can when we can.  I really do.  But there is a great deal of joy in living your latter years with some security, too!  All I'm saying is look for balance.

Tinkerah
Engineer

I'm sorry DUB6, what I tried to say was I'd rather not leave too much behind when my time is up. Since I have no heirs (and my wife makes more than I do) I think it'd be ideal to have a bank balance of zero and all my toys completely worn out on the day I pass. Of course there are too many variables in play so I'm not stressing about it but I think that's a worthy goal. Bonus points for anyone who takes out a 30 year loan in their last years though!

DUB6
Specialist

@Tinkerah, yeah, I read your original post right, and then typed my response wrong!  I knew what you said, and later after I read my post, I did a Homer Simpson forehead slap.

   But I think I have a solution for you.  Have your attorney contact my attorney and we can get things drawn up so that after you and Mrs. Tinkerah are gone (hopefully MANY years from now), all of the leftover resources and assets (especially the Camaro) go to me.  Then you don't have to concern yourself with during through everything during those last days.  I'm all about problem-solving! 😉

Tinkerah
Engineer

Thanks for taking the fall DUB6 - I try to imagine all the ways my musings might be misinterpreted before hitting the Blue Button and am still occasionally surprised. And though you are a thoughtful problem solver, I hope the day when your solution would come into play will be so far in the future none of us will remember what the problem was!

CitationMan
Gearhead

Maybe interest rates will come down by the time I’m 80, then I’ll refinance!

Tinkerah
Engineer

A good play!

CitationMan
Gearhead

My mortgage finishes when I’m 90, and couldn’t be happier! Fixed “rent” for the rest of my life, and I’m paying that rent with inflated dollars. All the financial planners always say to retire with a paid off house, but who wants all that money in bricks and mortar when it can be put to much better use in a stick shift convertible? There’s satisfaction in owning a house, but grin inducing happiness in owning a convertible!

Don’t follow the herd, follow your bliss.