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Starting his own business

Poori says he made the decision to become his own boss when his wife became pregnant.

Partnering with his brother-in-law, Poori bought a “junk tow truck” and started his own business. He went to car dealerships to find work moving cars, working grueling 14-to-15-hour days.

This entrepreneurial spirit paved the way for further opportunities. In 2005, Poori launched BBB Auto Sales.

Earnings from the car dealership enabled Poori to venture into real estate investments.

He says that he now allocates 60% of his time toward real estate and 40% managing the dealership.

Poori has also amassed an impressive multimillion-dollar roster of exotic sports cars featuring prestigious brands such as Porsche, Ferrari, Lamborghini, Pagani and Bugatti.

For example, the 2022 Bugatti Chiron Pur Sport in his collection starts at well over $3 million, according to Car and Driver. Many of these vehicles can be viewed on social media.

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Better ROI than real estate?

Reflecting on his passion for exotic cars, Poori remarked to USA Today, “I don't do drugs, I don't gamble, I don't do anything.

“My only hobby is cars.”

His investment in this hobby surpasses that of the typical car enthusiast.

“Eleven years ago, we had a house in Brentwood that we bought for $350,000, and at the time, my car collection was over $2 million,” he recounted.

While cars are generally seen as depreciation assets, Poori says the exotic models in his collection have proven to be financially advantageous.

“A lot of my cars have a better return on investment than my real estate or my business,” he said. “I don't think I have a car in my entire collection I have ever lost money on.”

However, it's important to recognize that for the average individual, vehicles are unlikely to appreciate in value. According to Kelley Blue Book, most vehicles lose about 20% of their value in the first year and are often worth only about 40% of their original purchase price after five years.

What stands out in Poori’s story, beyond his car collection, is his work ethic.

“The biggest thing for me was never give up. Never quit. Keep working. Be driven. Write down all your goals. I write down everything I want to do, and I work very hard,” he explained.

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Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

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