and old millionaire "joke" - how a millionaire's brain works | FerrariChat
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and old millionaire "joke" - how a millionaire's brain works

Discussion in 'Other Off Topic Forum' started by Cicada, Sep 6, 2007.

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  1. Cicada

    Cicada Formula 3

    May 22, 2005
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    #1 Cicada, Sep 6, 2007
    A man walked into a bank in New York City one day and asked for the loan officer. He told the loan officer that he was going to Philippines on business for two weeks and needed to borrow $5,000. The bank officer told him that the bank would need some form of security for the loan.

    Then the man handed over the keys to a new Ferrari parked on the street in front of the bank. He produced the title and everything checked out The loan officer agreed to accept the car as collateral for the loan.The bank’s president and its officers all enjoyed a good laugh at the guy for using a $250,000 Ferrari as collateral against a $5,000 loan.

    An employee of the bank then drove the Ferrari into the bank’s underground garage and parked it there.Two weeks later, the guy returned, repaid the $5,000 and the interest, which came to $15.41.

    The loan officer said, “Sir, we are very happy to have had and this transaction has worked out very nicely, but we are a little puzzled. While you were away, we checked you out and found that you are a multi millionaire. What puzzles us is, why would you bother to borrow “$5,000″.

    The millionaire replied: “Where else in New York City can I park my car for $15.41 and expect it to be there when I return”
    Well thats how the rich stay rich, they know a lot more about Money Management. All the millionaires I have met in my life were penny wise. Look after your cents and the Dollars will look after themselves.
     
  2. RussianM3_dude

    RussianM3_dude F1 Rookie
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    #2 RussianM3_dude, Sep 6, 2007
    I say spend money to make money.
     
  3. OC Speed Junkie

    OC Speed Junkie Formula 3

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    #3 OC Speed Junkie, Sep 6, 2007
    That is a good one.
     
  4. MikeZ_NJ

    MikeZ_NJ Formula 3

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    #4 MikeZ_NJ, Sep 6, 2007
    Hahaha... just forwarded that to a loan officer I know in NYC.
     
  5. VK430gt

    VK430gt Formula 3
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    VK430GT DUH!!
    #5 VK430gt, Sep 6, 2007
    it took me a second to figure that one out, but damn it sounds like a great idea if i live in new york. very good, very good.
     
  6. 328

    328 Karting

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    #6 328, Sep 6, 2007
    This is like the probably apocraphyl story of the guy who worked in NYC and found it was cheaper to leave his car for an oil change at the garage near his office every day than to pay to park the car in his office parking lot.
     
  7. wingfeather

    wingfeather F1 Rookie

    Feb 1, 2007
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    #7 wingfeather, Sep 6, 2007
    Great joke!!! Thanks :)

    Look after your pennies & rip people off whenever possible (not that I do it, but it's a behavior I observe in all wealthy people I know).
     
  8. robert biscan

    robert biscan F1 Veteran
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    #8 robert biscan, Sep 6, 2007
    I know a very wealthy guy and he has a motto that is "watch you pennies and the dollars take care of themselves.''
     
  9. Dino Martini

    Dino Martini F1 Rookie

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    #9 Dino Martini, Sep 6, 2007
    The way I read this joke when I originally saw it, it was a blonde joke. Funny either way.
     
  10. rollsorferrari?

    rollsorferrari? F1 Veteran

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    #10 rollsorferrari?, Sep 6, 2007
    oldie but a goody....
     
  11. SonomaRik

    SonomaRik F1 Veteran

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    #11 SonomaRik, Sep 6, 2007
    one part of that story goes: 'millionair takes the $5,000 and deposits it into another back, getting interest while he is away, and the net, after taxes, was $10 lost"
     
  12. RoWis

    RoWis F1 Rookie

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    #12 RoWis, Sep 6, 2007
    haha thats a good one
     
  13. staylor

    staylor Formula Junior

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    #13 staylor, Sep 6, 2007
    haha :) any more?
     
  14. jorge.rios

    jorge.rios F1 World Champ
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    #14 jorge.rios, Sep 6, 2007
    Hahaha very good joke...i already heard it but in another way
     
  15. Z0RR0

    Z0RR0 F1 Rookie

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    #15 Z0RR0, Sep 6, 2007
    I would have just spent the 5 grand on hookers and crack ...
     
  16. Kieran

    Kieran F1 Rookie

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    #16 Kieran, Sep 6, 2007
    That's probably the reason why he's a millionaire and you aren't.
     
  17. Cicada

    Cicada Formula 3

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    #17 Cicada, Sep 6, 2007
    LOL
     
  18. JustAl

    JustAl Karting

    Dec 23, 2005
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    #18 JustAl, Sep 7, 2007
    I like the joke, but it raises a question for me (and please pardon my ignorance). Wouldn't a millionaire have a house with a garage where he can park his car?
     
  19. LetsJet

    LetsJet F1 Veteran
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    #19 LetsJet, Sep 7, 2007
    Since when does a bank take possession of a vehicle they use as collateral?

    Only in default......

    Funny "joke" non-the-less
     
  20. darth550

    darth550 Six Time F1 World Champ
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    #20 darth550, Sep 7, 2007
    Last edited by a moderator: Sep 7, 2017
  21. MurcieMurcie

    MurcieMurcie F1 Rookie

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    #21 MurcieMurcie, Sep 7, 2007
    I was always told"watch your nickels and dimes and you quarters and dollars will always be there"
     
  22. ZINGARA 250GTL

    ZINGARA 250GTL F1 World Champ
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    #22 ZINGARA 250GTL, Sep 7, 2007
    Thankfully, Sir. Canada has a great socialist welfare program.


     
  23. ZINGARA 250GTL

    ZINGARA 250GTL F1 World Champ
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    #23 ZINGARA 250GTL, Sep 7, 2007
    Of course. Having gotten to be a millionaire, he may have to actually leave his garage and go out to work somewhere. WADR. You are pardoned.


     
  24. ZINGARA 250GTL

    ZINGARA 250GTL F1 World Champ
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    #24 ZINGARA 250GTL, Sep 7, 2007
    OooooH! Poignance in the 1st degree!


     
  25. JustAl

    JustAl Karting

    Dec 23, 2005
    160
    #25 JustAl, Sep 7, 2007
    True, but he's not going to work he's going on a vacation. Whether he leaves the car at home in the garage or at the bank he still needs to get to the airport.

    I should probably just forget about it and enjoy the joke.
     
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