Quote:
Originally Posted by Mike00
That’s you. My point was not everybody thinks that way. I wouldn’t buy a car at that price point until I was over 1.5 million in income annually, if then to be honest. I’d much rather build the passive income now. Even the last $80k car - which I paid cash for - I only did because of the fact manuals are passing more and more quickly. Otherwise I’d put it off for a few more years.
And to make it more blunt around justification I could walk out and buy that car in cash right now but frankly $300k invested at this stage of my young life brings me $900k in 15 years, and a fair amount of passive cash flow income between now and then and even more after the 15 years.
And the whole point is at end of day if I wanted to retire at 50 I could and not change my lifestyle.
Ultimately while you may be willing to spend the money not everybody is as willing to. It doesn’t exactly take a huge annual income to afford a 300k car if you are willing to mortgage some of your retirement.
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Sounds like you are just here to brag.
Humility, it's a good thing...