Say goodbye to a million dollars

Discussion in 'Off-Topic' started by bertus, Nov 27, 2014.

  1. bertus

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  2. ScottWang

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    The word "goodby" in the title?
     
  3. spinnaker

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    If you can't afford to wreck it then you can't afford to drive it.
     
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  4. nsaspook

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  5. GopherT

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  6. BR-549

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    I'm workin on my second million.
    Gave up on the first.
     
  7. ErnieM

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    Gee, bad ending to a great automobile.

    I wonder if excessive speed was an issue?
     
  8. MrChips

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    I wonder, did these guys buy such a car to go slow driving?
     
  9. JoeJester

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    The problems with cars that have speedometers that register high numbers is people like to "see if it will go that fast."

    It would not surprise me that the car owner "exceeds the limit" driving. It wouldn't surprise me if that owner went out to west texas where they hold an annual 150 MPH drive on one of the roads out there. That road is closed and the vehicles are checked out prior to allowing them to go over 100 MPH.
     
  10. tcmtech

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    Nov 4, 2013
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    But then why do so many POS vehicles have speedometers that read to 120 + yet they could not hit that falling off a cliff in high gear?

    Then again why are there so many more that have speedometers that stop at 85 yet the vehicles can easily do 100 - 120+ MPH?
     
  11. Wendy

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    I hate marketing and advertisers.
     
  12. JoeJester

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    When the speed limit was 55 hete in the u.s. the standard spedometer was less than 100. As the speed increased ... They got higher.

    The economics of parts in the logistic pipeline plays a role.
     
  13. GopherT

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    To reduce parts count. A simple dip switch or jumper will allow the same analog speedometer to read mph or kilometers/hr.

    I don't know of any modern cars with speedos that stop at 85.
     
    Last edited: Dec 2, 2014
  14. tracecom

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    :(

    I dislike deceptive marketing and advertisers. But then, I dislike deception no matter who or what the source.

    Fortunately, not all marketing or advertisers are deceptive.
     
    Last edited: Dec 2, 2014
  15. R!f@@

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    That's gonna leave a scar..!
     
  16. MrChips

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    What the ...?!! My speedo goes up to 230. I think I will test it out today.
    What the heck?
     
  17. gerty

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  18. atferrari

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    Really?
     
  19. WBahn

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    I don't think it is that high. A study that came out a couple years ago looking at this came up with about a 5% to 6% rate for winners in the $10,000 to $150,000 range and noted that it didn't seem to matter how much they won -- the larger winners just filed later in the five year period. The study didn't look at the huge multi-million dollar winners, probably because there aren't enough of them to get good statistics on.

    About 1% of American household file bankruptcy each year, so roughly in five years it would be in that same 5% range. But you would sure think that winning any significant amount of money should significantly decrease your odds of filing bankruptcy within the next five year and this appears not to be the case. You definitely see behaviors in many winners that explains why they end up in trouble -- but of course you don't see the behavior of the overwhelming majority of winners who don't end up in trouble because, "Lottery winner manages winnings well," is not a compelling headline.

    I tend to believe that people that play the Lottery are disproportionately people that do not know how to handle money well to begin with, and so they are predisposed to handling their winnings poorly should they ever win anything substantial.
     
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  20. Papabravo

    Expert

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    Regardless of winning the lottery the more interesting questions is:

    How many 20 somethings will take advantage of their 40-50 year time horizon to become "well-to-do"?
     
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