I don't understand how you make $270k+, spend $4k a month, but save $50k per year (including matches). Shouldn't you save $150k per year?
In general, if you can't pay cash, you can't afford it. Houses or businesses or income producing investments (like rental RE) are probably different, but those aren't what is being discussed.
I think if you'd have $3M? leftover, sure go buy a 250k car or whatever.
If you want to look cool, buy it. Or buy a $100k corvette. Or buy a used Lexus or Corvette for $50k.
If you want to be wealthy, buy things that make you money.
In general, if you can't pay cash, you can't afford it. Houses or businesses or income producing investments (like rental RE) are probably different, but those aren't what is being discussed.
I think if you'd have $3M? leftover, sure go buy a 250k car or whatever.
If you want to look cool, buy it. Or buy a $100k corvette. Or buy a used Lexus or Corvette for $50k.
If you want to be wealthy, buy things that make you money.
Statistics: Posted by 406mtnfire — Wed Oct 02, 2024 10:00 pm — Replies 70 — Views 4021