Quote:
Originally Posted by DJKapeesh
So I enjoy putting food out for the TROLLS while getting some pretty good advice from a few wise members about finance.
This time I want to make sort of a game of scenarios where you give your (good or bad) advice about the financial situation in each scenario.
So here we go:
Assumption: These people need a car.
What car should the person in each scenario drive?
Assumption: These people have no investments and just cash savings
What should this person do with their savings?
Assumption: Retirements is being maxed at 5k per year.
What should this person save per paycheck?
Others?
BIG QUESTION FOR THE ELITE
What we are looking for now is someone who can afford ( EXOTICS) and making over 200k yearly to explain how you got there and what it took to get to this level? 
Seems some of us consider 75k a sweet spot that doesn't change until this level of income but are unsure how to reach it???? |
Yikes, this post and thread are a disaster! If you are a car enthusiast, spend a little more and have fun but never at the sake of your retirement and savings. Those scenarios and the savings/retirement are atrocious. You asked for financial advice. Well, don't waste those early years for savings and miss out on the miracle of compound interest. 135 is a great car, stop trying to be a 50k millionaire.
200k isn't even close to exotic money. Think 7 figure income.
Bonus question answer: Too little info but to "afford" a 50k ride you had better already be maxing out 401k and IRA, HSA if applicable, have an emergency fund at minimum and consider additional cash savings for future home down payment or other expense.