Quote:
Originally Posted by Joekerr
To the original poster:
The above is coming from a guy who has a Ferrari on an accountant's salary. Clearly he just doesn't want you to enjoy life like he does, and that's why he's trying to steer you away and keep you miserable.
Don't listen - just do it.
- Nike.
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LOL!!
For what it is worth, the amount paid for the Ferrari equated to a bit over 3 months household income and we have no debts, the home is paid for, and we hold a sizable retirement savings. The purchase price of the Ferrari was 6% of our net worth and was paid for with cash out of our checking account.
Slight difference, there.....
So, if he followed the same path as me, adjusted for his current income:
- He would have his home paid for
- He would have $32,000 in his checking account (6mos salary)
- He would have $270,000 in retirement (4x his salary)
Then he could spend $16,200 on a car, cash.
