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    Default How to Earn a shit-ton of cash as a pro racecar driver

    How To Earn A Shit-Ton Of Cash As A Pro Racecar Driver

    By Alex Llyod



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    As the owner of an Alfa Romeo Spider, I believe this imagine is actually indicating the pile of money I'll never see again from trying to keep it running.
    Andrew Nier
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    Ever wondered how you could become a ridiculously wealthy racecar driver? An individual who only bathes in SmartWater, possesses 17 white Persian kittens and maintains a staff of five to dispose of all the purple Skittles?
    Yes, the life of a professional racecar driver is filled with superfluous perks unimaginable to the regular man. After all, racecar drivers don't own toilet paper. They use wads of $100 bills.
    Read on and find out how this could be you.
    I believe it was my distinct hatred for the purple Skittle that led me to become a professional racecar driver. I remember being eight years old, scouring through the Skittles packet, cursing the quantity of inedible purple filth, and thinking there has to be an easier way to rid myself of this dreadful problem.
    After hours of deliberation, I decided I must earn enough money to employ people to undertake the woeful task of Skittle removal. And the only surefire way I knew to make that kind of money was to become a racecar driver.
    Some drivers do it for the helicopters, some for the chicks. For me, it was all about the Skittles.
    So how do you become a racecar driver? Simple. Get out Daddy's checkbook.
    Like any sport, you must begin at the bottom of the ladder. In racing, all the greats start out in karts - just a few years post-diaper. In fact, I once knew a kid who started at the age of three. He was probably still wearing his Huggies Pull-Ups.
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    Of course, you don't earn money at this point. You pay money. Karting is not cheap either, at least if you want to do it right. Expect Daddy to pony up over $40k per season.
    As you progress up the karting ranks and prove your innate speed and prowess, you'll likely be thinking about moving from karts into cars. I made this transition at just 15 years of age.
    You are now no more than three or four steps from your ultimate goal. But you're still not a big shot. And Daddy is going broke.
    Let's say you want to be an IndyCar driver. A likely step from karting may be into the US F2000 Championship -– the perfect training ground for any budding superstar. The problem is, this perfect training ground will set you back around $200k per season.
    At this point Daddy will likely be getting pissed, wondering why the hell he ever agreed to this. But he can't turn back, because you probably haven't paid much attention in school and have no qualifications to speak of.
    Never mind, you think, who needs a degree when you will soon have enough money to buy the entire Harvard campus?
    Expand
    If you have been lucky enough to get to this point (with your family still intact) then you will be aware that the costs to race are about to balloon. After US F2000 you will have to find another $300-400k to jump up to the Star Mazda Championship, the next step on the ladder. Then you'll need around $1 million to race in the Indy Lights series.
    Of course, if you went the NASCAR route you will be even poorer. A ride in the truck series will set you back a couple of mil, and the Nationwide Series between three and five mil. Either way, as you progress up the ranks to becoming a world famous racecar driver, you are hemorrhaging money faster than the US Postal Service.
    Most of you, it is fair to say, will now be working in McDonalds. Not because you are a talentless hack, but because daddy went bankrupt, mommy filled for divorce and you spent the vast majority of your time at school reading Playboy rather than "To Kill A Mockingbird."
    Those with daddies not named Donald Trump will need a sponsor or two. That is, a company willing to pay ludicrous amounts of money for you to race in a junior series with no fan base, little TV coverage and zero chance for any return on investment.
    With that said, no driver finds a legitimate sponsor. It is always daddy's cash, a friend of daddy's, or the cash of a company daddy is affiliated with. Because why else would a sponsor give you money to race in Star Mazda?
    Think of racing like basketball. You have high school, college and the NBA. Imagine if you had to pay hundreds of grand just to play in the high school league. Then if you wanted to move up to college basketball, you'll need to pay the team over a million dollars. How many of the current NBA players would have still made it?

    Now imagine that despite being the leading college scorer, you are still required to pay three, four or even five million dollars to play in the NBA. We wouldn't have guys like Kobe Bryant or LeBron James. It'd be folk like Lord Charles Picking III and Ernest Hummingbottom, instead.
    Some of you might get picked up by a manufacturer. Or you might get lucky finding a guy who has a shit-ton of cash, loves racing and thinks "what the hell." It happens. Rarely. But it does.
    So why does it cost so much money to become a racecar driver? And why are many "pros" still paying millions even though they have already made it to superstar status?
    Because teams can't find sponsors. So they take money from the rich drivers to keep their business alive. You can't blame them for it. It's the way it is. It has always been this way, to some extent, made worse by a languishing economy and a sport that (as a whole) does not garner the same attention as the likes of the NFL.
    To put this into perspective, Pastor Maldonado (Formula One race winner with Williams) bought his drive for an estimated $50 million dollars. Even the great Ayrton Senna needed daddy's cash to get him to Formula One.
    Do you ever earn enough money to acquire a G650, swim in a pool filled with Dom Perignon and own 152 show-winning llamas? Well, some do. Ninety-nine percent of pros, however, do not. In fact, most drivers never get the chance to show what they can truly achieve, because they run out of cash prior to landing that lucrative paying gig.
    It's not out of the question that you could defy all odds and become an uber rich professional driver. But you probably had better odds of winning the $500 million jackpot a few weeks back. Racing is political and littered with wealthy, yet talented drivers. If you can't pay, you can't play.
    And if you do get a paying drive, you'll likely have to save up for 672 years to afford your Bugatti Veyron, such is the typical racecar driver's paycheck. By which time, the Veyron might be a touch old fashioned, anyway.
    See, the illusion that every racecar driver lives in a house made of pearls and wears pants made from preserved dinosaur skin is a complete myth. There are a few that do. But most are simply trying to survive.
    So how can you make a shit-ton of cash as pro racecar driver? I refer you to a famous old saying: "To make a small fortune in racing, start with a large one." I feel bad for my broke parents. But even worse that I still have to disperse of the purple Skittles myself.

    About the author: @Alex_Lloyd began racing in the U.S. in 2006. He won the Indy Lights championship in 2007. He's competed in the Daytona 24-hour twice and the Indianapolis 500 four times — placing fourth in 2010. The native of MADchester, UK began racing karts at age 8, open-wheel race cars at 16 and finished second to Formula One World Champion - and close friend - Lewis Hamilton, in the 2003 British Formula Renault Championship, followed by a stint representing Great Britain in A1GP and winning races in Formula 3000. He lives in Indianapolis with his wife Samantha (also from England) and three young "Hoosier" children. He also enjoys racing in triathlons and is rather partial to a good old English cup of tea. But not crumpets.

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    Elite Member Wookie's Avatar
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    Ernest Hummingbottom

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    I brake for baguettes and taco blankets mightymousetech's Avatar
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    Want to make a small fortune racing? Start with a big one.

    Edit: LOL! Wrote that before even finishing the article.
    Christopher "Mighty Mouse" C.

    Quote Originally Posted by GIF-PWR View Post
    I was wrong about this one; enjoy this moment.
    Quote Originally Posted by GIF-PWR View Post
    turns out for the second time in my life, I was wrong.


    But there's a bigger point here. The 1-series is the last car that BMW engineered before the Germans, as a car-making culture, fell out of love with driving.
    R&T April 2013.

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    Member JettaRacer's Avatar
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    Car racing. The best way to turn money in to noise.

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    Quote Originally Posted by Wookie View Post
    F7ZJ9CHHJKC61PL.MEDIUM.jpg
    "Don't fear failure so much that you refuse to try new things. The saddest summary of a life contains three descriptions: could have, might have, and should have." -- Louis E. Boone

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    I spend 3/4 of my paycheck on racing....the rest I just waste!!!!

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    Member karmaboy's Avatar
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    I see this first hand all the time.
    My series gets a new wack of drivers every year coming up from karting.
    As much as I hate them punk ass kids...some are truly gifted drivers. They can go from "never having shifted gears before" to the podium in a matter of a couple weekends.
    Some come from money, but lack the raw talent...they are the ones moving up to the really expensive racing.
    F1600...the next step up is easily $10K for a weekend...plus if you wreck it you bought it. Competitive cars start at $50K and can go nuts from there.
    Others come from modest families...who support and share their kid's love for the sport. These are the great people who make up racing weekends.
    Sadly...they never move beyond regional racing. My teamate last year was a really gifted kid...but hung up his helmet. Too much money to race and not worth the commitment. Funny thing is...he won a trip to Silverstone because of his virtual racing talent (online racing).
    Mike Iamundi...the 5 time champion in my series (who came from karting) is probably one of the few truly gifted natural drivers out there...and could easily make the big leagues. Comes from a working class family and is a successful mechanic himself. He'll likely never move beyond our series.

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    CHAMP 1Morelap's Avatar
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    Can I interest anyone in buying a chevrolet?
    Calabogie GT1 Champion 2012 and 2013. Calabogie Cup Challenge Champion 2012 www.1morelap.ca

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    To make it as a Pro nowadays, you need cash. That can either come from family/wealth, or you can work your ass off getting sponsors, and selling yourself to them. The second route is alot harder, as it takes way more commitment and energy.

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    Contributing Member Mario's Avatar
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    There are plenty of stories about Pro drivers re-mortgaging their homes to drive again. Crazy sport. Insane sickness. Racing


    All I care about is my Porsche... and like maybe 3 people. —Unknown

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    Senior Member pyxen's Avatar
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    Quote Originally Posted by 1Morelap View Post
    Can I interest anyone in buying a chevrolet?
    attaboy. *stuffs another $1 bill*

    Spend it on something pretty.

    Tim // 2013 Elantra GT GLS 6MT; 1984 Kawasaki KZ550 (IN PARTS); 1997 NA miata track car (Build Thread!!)

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    Defecating Dan
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    Quote Originally Posted by petawawarace View Post
    To make it as a Pro nowadays, you need cash. That can either come from family/wealth, or you can work your ass off getting sponsors, and selling yourself to them. The second route is alot harder, as it takes way more commitment and energy.
    Option 3:

    ++


    =

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    CHAMP 1Morelap's Avatar
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    someone asked me why I was there so early. because I like hanging out here? Truth was, I saw an opportunity to give my sponsors the best exposure. My paddock spot was no accident, that's where every spectator walking from the quarry viewing hill entered the track. Didn't hurt that the porsche VIP crew had the turn 20 stand reserved to themselves either.

    Here's the view.

    IMG-20140620-00209.jpg

    IMG-20140621-00212.jpg




    I saw the marketing company that supports Bogies FB page took a photo of the paddock there Saturday, I made the cut.. but Sunday I got cut out.

    SATURDAY


    10338221_876141095733236_8888221911331296996_n.jpg

    SUNDAY

    10500404_876862265661119_9118892957535319838_n.jpg


    I don't understand that, but whatever.

    If I can't be the fastest, I'll try and be SMRT.
    Calabogie GT1 Champion 2012 and 2013. Calabogie Cup Challenge Champion 2012 www.1morelap.ca

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    Elite Member wing's Avatar
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    Was a good spot, mine sucked but I didn't have much choice anyways, all the libre guys spots sucked, although I should have asked to go where the stohrs ended up, it was nice and quiet in my area, exposure sucked.
    Driver for hire....

  15. #15
    LMGTFY awndray's Avatar
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    It reminds me of something a farmer once told me. If you want to make a million dollars farming, start with two.

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    CHAMP 1Morelap's Avatar
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    That's the line I use too
    Calabogie GT1 Champion 2012 and 2013. Calabogie Cup Challenge Champion 2012 www.1morelap.ca

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    Contributing Member Mario's Avatar
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    A wise man once told me after I was faster then him, “If you trow enough money at a brick, you can make it go fast too” –Pat

    187bwq364bqzajpg.jpg
    This reminds me of that


    All I care about is my Porsche... and like maybe 3 people. —Unknown

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    Senior Member figo's Avatar
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    Do it because you love doing it. I don't go to the track to be the next scuderia driver.

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