Quote:
Originally Posted by Limegrntaln
Yes, that definitely makes more sense. I was simply attempting to fracture the nut. It didn't need a full crack, just a slight fracture into the understanding behind it.
That easily makes more sense, now. Medical is huge, and he's, it's about $120 a month deductible for a $1,200 a month plan. That's huge factor, as is some of the other little tidbits. It's been a great thread, so far.
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I get it, I was also trying to crack the nut on the gent that posted he bought a 2023 M850i and only made $40K per year. There's always more to the story!
To give you an idea on healthcare costs, I pay approxiamtely $2K a month with a $7500 deductible right now. Each year it goes up 15-20%. If I retire at 60, I'm likely looking at a $30K bill each year til age 65 just for mediocare helthcare!
I remember being in my early working years thinking $1M would be unattainable and plenty to retire. Now the number is a minimum of $2M.
Word to the wise, lifestyle creep is a challenge. Do your level best to off avoid the urge to automatically increase spending when your income increases. Easier said than done when that shiny red car with the prancing horse on it drives off with that beautiful exhaust note!
I've always wanted a Ferrari so what I did was rent one. It was cool, very cool! Check mark off the bucket list and saved me a boatload of money.