How do these guys afford sledding?!?

[polaris dude]

I just got back from the big horns, and I once again noticed all the young guys(between 21-25) who all were riding 2011 or 2012 pro rmks that weren't exactly stock. I also noticed a couple of these fine fellows had nice 5th wheel rigs with towed with fairly new trucks too!

This leads me to wonder how the heck can they afford these things?!? Do they live in the truck or what! Even when I am done with my schooling and after I get into my career field I still doubt I'd be able to afford such expensive things! The only semi-logical explanation I could come up with is that most of them were farmers which is why they had the big trucks and trailers.
Anyone else what to chime in on possibilities? Jeeze they make me question my career choice

 

[Boostfreak]

Oil field pays pretty damn good. Wyoming has alot of that goin on

Sent from my DROID RAZR using Tapatalk

 

[POLZIN]

Work hard ,play hard ! I started the same job I still have @ 13 years old. I own the company now. I had lots of cool toys and used to spend 10K without batting an eye in my 20s.

I still work between 3-4000 hrs a year. Do that long enough It adds up ( 27 years @ 40)


Its pretty simple IMO


FYI I dropped out of college for the same reason.I couldnt see getting in debt( student loans) for a degree and the $ it would have paid me.

 

[snowmobilesrme]

they probly got jobs where they didnt let anyone tell them they were gonna fail.

saving money does wonders too.

 

[hockeyb4]

with a decent job you would be amazed the amount of credit that can be extended in some case well beyond a rational amount. But there are also alot of guys that age hat are still relying on mom and dad etc to bank roll them.
Long story short there are most likely alot more chapters than what you see on the surface

 

[snowmobiler]

most richys i know had it handed to them from pa and ma.

 

[winter brew]

most richys i know had it handed to them from pa and ma.

and gramma.

 

[rmkMatt]

Not all of them but a good portion of them are so far overextended it's sad. Most of the oilfield related guys around here can easily make 5-6k a month without a high school diploma and there is always a banker to finance them. They don't blink an eye at taking on debt until they get a slow week or get hurt. Then their cool toys are for sale for payoff of the loan.

Then there's some that are just doing better than others.

 

[ruffryder]

or it is just farm boys that borrow mom and dads truck and trailer to go on trips..

 

[judger101]

if you get a decent job it isnt that difficult to get some loans to buy some toys. and it doesnt mean you are overextended either. being single helps quite a bit. and as long as you are putting some money away for retirement, heck why not have fun while you are young?

 

[Mtn-Track]

with a decent job you would be amazed the amount of credit that can be extended in some case well beyond a rational amount. Long story short there are most likely alot more chapters than what you see on the surface

BINGO!!!

I've got a buddy in his early 40's that been making payments on his stuff since he got his first credit line. He constantly "buys" new toys that mostly just sit, but he continues to make payments on all of it. In fact, he ran out of credit a few times and got into leasing his new trucks. Kept trading them in on the latest-&-greatest and rolling the "balance due" into the new deal. Now he's upside down on a Duramax by about $100K!
He's got a ton of nice stuff sitting around, but he owes FAR more on any of it than it was ever worth.

Some people will never get it.....

 

[kartorium]

Several different options in order of likeliness based on what I see around here;

Trustafarians

Mom and Pa support them way too much - Some of these guys live at home and have no actual bills, then make ok money.

Ma and Pa support them - pay for their bills, then they finance all their toys and rigs.

Hard work + financing - No support from parents, but they work hard and make decent money, then finance 60k dollar trucks and toys out the ***.

Smart kids + hard work - Good money, less toys financed and don't buy a new truck every 2 years.

Some young kids just have priorities that don't align with the usual expected route of americans. These priorities make them channel their money and energy into stuff like trucks and sleds. My priorities are pretty whack, I spend most of my time and money on skiing.

 

[judger101]

you got it. in my mind there are two kinds of people who buy nice things. the kind that upgrades WAY too often and gets upside down and will make payments forever. the other kind buys new stuff and actually pays it off and continues to use it for years to come. being on the lending side of things, there are quite a few people that buy too much, but they know they cant get loans anymore so they put everything on credit cards. a great deal of people out there that have everything new and fancy can "AFFORD THE PAYMENTS" but in reality they shouldnt be buying it as they cant "afford" it if you know what i mean?

im young and make a decent living, i have pretty dang nice toys, and a fair house, BUT i have a 94 truck and an old car for gas mileage

 

[Scott]

I was in Hawaii for 10 days...(on a REALLY sweet LOW budget deal)...

The day we were supposed to leave, we all got violently sick and had to stay an extra two nights.
We scrambled and searched for HOURS online and through an agent (srm, DON'T EVEN RESPOND TO THIS) to find a place to stay on short notice.
There was ONE room available on Maui those nights. ONE ROOM!!!!
That island was PACKED. Even the $500+ per night rooms were booked solid for weeks in advance. You'd NEVER guess there is a recession going on. LOL

 

[snowmobilesrme]

I was in Hawaii for 10 days...(on a REALLY sweet LOW budget deal)...

The day we were supposed to leave, we all got violently sick and had to stay an extra two nights.
We scrambled and searched for HOURS online and through an agent (srm, DON'T EVEN RESPOND TO THIS) to find a place to stay on short notice.
There was ONE room available on Maui those nights. ONE ROOM!!!!
That island was PACKED. Even the $500+ per night rooms were booked solid for weeks in advance. You'd NEVER guess there is a recession going on. LOL

travel is an 8 trillion dollar industry annually expected to double within 4-6 years. people are always gonna want to ge away.

 

[Scott]

I was in Hawaii for 10 days...(on a REALLY sweet LOW budget deal)...

The day we were supposed to leave, we all got violently sick and had to stay an extra two nights.
We scrambled and searched for HOURS online and through an agent (srm, DON'T EVEN RESPOND TO THIS) to find a place to stay on short notice.
There was ONE room available on Maui those nights. ONE ROOM!!!!
That island was PACKED. Even the $500+ per night rooms were booked solid for weeks in advance. You'd NEVER guess there is a recession going on. LOL

...

 

[snowmobilesrme]

just sayin...

 

[POLZIN]

...

HAHAHA

 

[milehighassassin]

BINGO!!!

upside down on a Duramax by about $100K!

That loan has to be rolled into a home equity loan because no one will finance 300% on an auto loan.

 

[Highmarker]

Some people actually get good jobs and pay for their things...that's how I did it. Not everybody with nice stuff is in huge debt. Sounds like a bit of jealousy if you ask me. Plenty of high paying jobs out there if you are either smart, or willing to work hard! Especially in Wyoming. Sure there are some trust fund babies out there, but maybe, just maybe there are some people out there that work for what they got!