I Turned $20,000 Into $4.5 Million With This Car
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- Опубликовано: 24 июл 2023
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In this video, I toured @MannyKhoshbinyt and @ferraricollectordavidlee's private car collections worth a combined $100M. My goal is to find out how they make money from investing in supercars that they also get to enjoy.
I also talk with PJ Ghadimi, who breaks down how anyone can get started with investing in supercars.
Featured car collectors + Resources:
Manny Khoshbin: / mannykhoshbin
David Lee: / ferraricollector_davidlee
David Lee's RUclips: / @ferraricollectordavidlee
PJ (Pejman) Ghadimi: / icreatemillionaires
PJ's Car Hacking Course: www.exoticcarhacks.com/
🔔 Subscribe: / @noahkagan
✉️ My Newsletter (I reply to emails): okdork.com/
📸 Connect on IG. I reply to DMs. / noahkagan
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Thanks for stopping by Noah! Great questions and glad to share my experience
What are your thoughts on salvage cars? Or rebuilding them?
your Ferrari collection is mesmerizing specially the yellow ones thanks for showing it
😂@@coreyfunk
That PJ guy turned this ok Video into one of the worst you’ve ever posted here. Nothing he says adds up, and his advice is truly terrible.
PJ have served prison time for fraud charges
Bcz, u don't know finance 😅
@@12556 but i know your mom
@@Elonmusk898 i have never been to prison on fraud, that's absolute nonsense.
It can work if the market is with you. For the recent years the market of exotic cars was really profitable but that's very very risky and you won't use the car to do your daily commute. You will have to do as the collection guys, use it once in a while
This PJ dude is giving horrible advice talking someone making 100K into using a Lambo as a daily driver.
This guy turns my bs meter to 100. Sounds like hes selling people the dream, masking the risks, and taking his own cut
Apparently everybody in the comments said he was a scammer so after the first two people just skip the other dude
If you think PJ is a scammer than that's your loss.
I actually watched the other interview with him and had a completely diff impression on him as a hard working guy who made money in real estate and saw him as reputable and cool in that
@@seabass_1 Forget PJ for a second, you’re gonna kill it in life with that attitude bro. Dropped the ego and went and did some research and willing to admit you changed your perspective. Bravo bro 👏. Much respect and wish you the absolute best in your endeavours.
Forget's to mention what happens if/when you get into a car accident lmao, now what Mr. Stupid?.
No he did not turn 20k into 4.5 off a flip he was talking about the retail price of the car when it first came out in the 50s or 60s
The kid that bought the lambo would go broke if the car needed repairs. He doesn't mention anything about the maintenance costs on supercars is insane.
They dont drive them, it just sits in garage pretty much. :D
Yes I think he drives it once a week for the most.
Love your growth...I was a support from the beginning and admire the grind.
Amazing episode Noah.
This video is beyond amazing. You’ll achieve a lot doing this.
when it comes to lnvestment, it’s wrong to engage in an option cause its performance level can’t make high dividends. I ad vise to diversify into various options.
Do not lay your eggs in one basket; coupled with ideas and guides from a financiaI consuItant will generate high dividends and balance volatility.
IsabeIIe ChIoe Scott is my consuItant, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
Very interesting episode, Noah!
Great video as always!
I have never commented on your vids, but always watch and love them. Appreciate that you get us to learn and second-hand pick the brains of people we wouldn't otherwise get to hear from. Nonetheless, what the last dude said seems like complete BS, would have been good to hear from just the 2 first gents.
The 3rd guy may be right, I made around 5k USD in 3 years by basically flipping 3 cars that I used as a daily driver. I included all of the costs like insurance, repairs and oil changes and still made 5k on that.... also I drive cars like golf gti performance, so they are not the cheapest to drive.
And also the biggest advantage of owning a supercar is networking, I want to step up into this league just for this aspect
@@LukasBartos_you’re not the sharpest pencil lol 😂
@@Elonmusk898 i feel offended by the comment done by anonymous person who sits all day long commenting under this vid talking about how pj is a scam lol
Get a life lol
@@LukasBartos_ i have a life, you need a brain 🧠
Nobody in the comments likes PJ and neither do I, really brought down the value in the video. He sounds like total BS, still love your content Noah! Just want to give you honest feedback🙏🏽
Amen Diego!
Forget's to mention what happens if/when you get into a car accident lmao, now what Mr. Stupid?.
So this Pj character wants you togo thru this crazy long process of buying a old lambo in hopes of somehow networking with more people and building a business off that??
Single dumbest idea of 2023
Agree
Forget's to mention what happens if/when you get into a car accident lmao, now what Mr. Stupid?.
He def paid to be in the video. He scamming classes for a minute with yt ads lol
Honestly Noah has to be one of the chillest bald Jews we’ve seen yet on this iPhone app lol
The problem with cars and to some extent watches is that their prices are extremely volatile. I see Manny's perspective of collecting only the top of the icecream, but he has the connections and means to flip the car whenever he feels the price is not going to get higher or finds something with faster value appreciation. Most Porsches are terrible investments and there's plenty of car fans trying to grind their way through some rusty JDM's, cheap Porsches and Lambos. There are very few cars that you can hope to appreciate and even Manny is taking a gamble with them. The difference is that he can afford the hit from one or two depreciting cars and from his whole collection he'd likely average in profit.
Manny pointed out Porsche 911's and he is true about them, they hold value and increase in value really well.
Need some more videos Noah 🙌💯
13:10 I don't know your Region. But that's a stupid idea a Standard Gallardo won't go up in Value.
Unless it’s a Super Trofeo Stradale or some special iteration in 6MT form.
Have you looked at gallardo prices over the past 10 years?
how much did PJ pay you for this advertisement
Noah has changed so much. Not for the good
What is he advertising? He's giving you free info, and you're here critiquing both content creators.
Lol. They guy who just said pay $700 because you can afford $450
He’s a glorified car salesman in the exotic world. And uses poor people who want a lambo to fund his own lambos. It doesn’t get worse then this
@@567xd the type of people he is interviewing. Gurus. There is something to be said when u make more money on courses then the production itself
@@567xdlol you’re not the sharpest pencil 😂
Keep up the great work everybody.
Wow, this is one of the best car videos that I’ve seen
No bank will give you a loan for double your yearly salary
Loooove the content bro always a big fan...the last part got me commenting here, gotta say that's a boat load not mean to be a d-head but gotta say highly disagree with my dude and the student lambo story. love peace
You need a lot of capital to be able to make money with cars. Manny made lots of money with real estate first before buying a car collection that makes him more money. Same with David. Cheapest car that might appreciate in value is probably a Porsche GT3 or something like that. But you won't make a fortune on it. The 996 Carreras are increasing in value though and 997s too. But you have to have money to afford these things.
And you have to know which model will gain value and which one won't because not all Porsche and all Ferrari gained value during these last 20 years
@@youtibe2320 True but honestly that’s probably the easier part
6:22 best advice ever.
thank you!
How much does it cost to maintain the cars ?
They Never talk about the MAINTENANCE costs!!!!
its hella costly to service these hyper cars and that cuts into your profits if you wanna resell
Not to mention insurance costs.
Por fabor sube más entrevistas a tu canal en español Tu contenido es de lo mejor gracias
Why does PJ have Carl Jung poster in the Background
Because I like much of what he had to say
Thank you
Nice cars .. i hope they sell for those numbers like they say in RE comps go on what they last sold for not what they want to sell it for .. hard lesson to learn from me
WOW - a LOT of assumptions being made by the gentlemen offering advice in this video. Cars require maintenance & repairs, which isn't cheap on exotics. Also, the market fluctuates drastically. You could easily find yourself upside down whilst flipping in today's environment. Especially if a pricey repair occurs.
So true. It’s so frustrating people saying cars are a liability. You’re just buying the wrong cars!
please redit this video without scammer pj in it.
All cars depreciate, maybe very rarely you can find few ferraris and thats it, and those cars go between very few customers for that reason very shallow market so the prices are too volatile, I am not going to even start with maintenance etc.
Yeah, go by a lambo. I can't wait to see the look on your face when you see the maintance bill
Great video up until PJ
Noah loved the video with Manny and David, valuable to watch. Unfortunate to have the conation of PJ associated with you. Hope he at least paid you for the ad.
As an aside I've been in this car world (exotic + super sports) for 10 years now and I know for a fact what he talked about directly in this video does not work (I almost bought a 458 Italia this year but banks don't wanna give loans like that today).
I was also disappointed seeing the last guy included. Manny and David can treat them as alternative investments because they already have the capital. Telling people making 50k to take out car loans to build wealth is straight up evil.
Forget's to mention what happens if/when you get into a car accident lmao, now what Mr. Stupid?.
Wow, this video is impressive! I love the attention to detail and the expertise you share about cars. As a fellow car enthusiast, I couldn't help but get inspired by your content.
Porsche- entry level 💀
😂
My Toyota Lexus is now worth $7 million.
You can get a nice Boxster for 10k, Cayman and early 996s for around 20k. Heck, even a 924 is fun and can be bought for 5k
Yeah right
This flashy stuff may appeal to younger folks but at just rich folks hoarding and acquiring trophies.
This video was so freaking awesome
Thanks man!!
@@noahkaganMy Toyota Prius is now worth $176 Million.
No it wasn't
2 comments only 😮
yea we don’t like the exaggeration with the title. Don’t cap
This is TERRIBLE financial advice. I expect better from this channel
What's good advice then? Do you think safe good ways actually exist?
None of what these guys say works once the bubble bursts...
Be careful of these kind of videos with this type of titles , David said car brand new worth 20 grand which is in 60s and considering inflation through the years it might be more than a few hundred grand today and certainly didn't pay nowhere close to that type of money and he bought the car over million dollar territory & Dave himself was a bit optimistic about the value of the cars as well ,
And always consider that there is more risk in investing in cars compare to other fields like realstate &...
And the possibility of losing money on average is much higher & if not be very careful when buying, chance of losing lots money is quite high
Mr khoshbin himself very recently lost a lot of money when selling his McLaren 675 lt Spyder and that wasn't his first or last experience on losing money on cars!!
So just be careful ( both about the cars and contents on RUclips and social media)
Most rich people stay rich by spending like the poor and investing without stopping then most poor stay poor by spending like the rich yet Not investing like the rich but impressing them
People prefer to spend money on liabilities,rather than investing in assets and be very profitable.
Except they are 100% insulated from crashes and catastrophic failures. His father was a diamond mogul. Give me a break.
hi
the guy selling lambos for poor people is the biggest lier, if you buy a lambo in my country bet you cant park anywere, people will scratch it all the time, people will try to crash in to it, steal it and you will also possible be investigated by police.... how can you afford the car... my neigboors and even family make me life a living hell for owning a nice top tier bmw..... if i had a lambo i would get gold diggers and friends that wanted to get closer to me would be all poor, rich people at least in my country will envy you.... i bougth my bmw and the rich women that parks next to me bought a jaguar convertible ferrari looking .... thats all i bet you if i buy a porsche or a nice jaguar she will buy a new can next month.... people at least in my country are super envious of cars.
You got me curious about which country you live in. I'd be happy if you could tell me :)
Not everything works in every environment. Where I live, rich people are very discreet. Think Hermes discretion versus flashy logo fashion.
Let me try to guess which country you live in. France? That is only country I know where people are super-jealous of even of mundane cars that wouldn't attract a stare in any other country.
@@stephaneaderca7948india is my bet
Please stop with the (sub)titles, we’re not on Tiktok…
Maaan, slowly I'm getting sick of ideas as presented in these kind of videos.... All those million worth cars are worth exactly nothing if you can not find a buyer who pays that amount of money. So unless you really sell it and for that money, you just spend on these cars huge amounts of money. That guy pointed on a car that cost $20000 when came out and now it is worth like $4.5 millions. And it came out probably somewhere in 1960's. So who has time and can afford to even store come car for over 70 years to gain over 22500% profit on it? And 70 years... He couldn't bought it at that price. If someone expect to buy that kind of cars and wait and hope for them to gain that price, go for it. But you're doing this for your children or even grandchildren not for yourself. What is the risk percentage storing that vehicle for so long? Huge. And the last guy... All this what he says is best case scenario. But what if you just have one minor accident with that car? Repairment cost is enormous, sometimes not even possible or economical and also immediately loses its value drastically. So you end with deep lost or even go bankrupt just because you want to drive car that is way over your financial possibilities.
I mean, the car is "valued" at $4.5 million and when he goes to sell it he can sell it at a "discount" since it's old and hard to find a buyer but he still makes a major gain since he's held onto them for so long. It's easier to find a buyer when you make them feel like they're getting a good deal. Lots of rich guys out there that will take you up on an offer to buy a classic Ferrari for 50% off not realizing thay you're walking away with a $2+ million gain off of them.
@@safye4 ???
@@a.s.2426 What?
@@safye4 "Lots of rich guys out there that will take you up on an offer to buy a classic Ferrari for 50% off not realizing thay you're walking away with a $2+ million gain off of them." That didn't make any sense. I'm a rich guy and I can tell you that that is not how anyone rich person I know thinks. It's the opposite, really.
@@a.s.2426 "I'm a richy guy." Okay, buddy. So you don't buy things from people just because they're making money off of you? Lmao
Lol lifestyle shift that occurs. If you can’t afford that car and you are able to get the loan for a Lamborghini, you will definitely get a lifestyle shift when you see how much your insurance and maintenance will be driving something like that as a daily. You will also get a lifestyle shift when you get into an accident and the other party doesn’t have insurance lol. Not to mention this bologna about automatically being upgraded to more networking with wealthy people lmao. PJ you can fool simpletons but not people that like to sniff out bs
Great video, except the fraud guy and some very wrong information, and saying thing in a wrong way. Like about saying David Lee is the largest ferrari collector in the world. He is maybe in the top 15, thats still great but the information comes out wrong.
The Title of This Video is BS
horrifyingly bad advice here
shame on you for going the fake guru way instead of educating people
cars are not liabilities? please ...insurance, tires, gas, fixing them
So pathetic! Those cars are meant to be on the road not in the garage. Unfortunately, too many guys out there buying cars and put them in a garage to flex.
Love you Noah, but PJ is a scammer
You know when a channel is willing to sell to their viewers bs courses from a guy like PJ, you know the advices given isn’t in your best interest. Unsubscribed.
Can tell no one here has watched PJ or are offended by PJ. Far from a scam and his course works. Went through 3 car hacks with him already
Hi PJ you con artist
M3 isnt $700 more like $1300
The guy at the end is gassing it a little, I do agree you should buy cars that hold their value but you shouldn’t expect them to GAIN value, only hold a perfect of that value. The Covid market is not the norm and it will eventually correct itself
BMW m4 will not go up .
In the grand theatre of life, I've got the best seat in the house 🎭💺🍾. #BillionaireBoysClub