|
|
Post Reply |
|
Thread Tools | Search this Thread |
Yesterday, 06:47 PM | #24 | |
Private First Class
245
Rep 199
Posts |
Quote:
The key to me is: have hobbies IN ADDITION to doing work that you love. Win-Win situation there if you can figure that out (and then report back to me how you figured that out).
__________________
Car History (oldest to newest): Accord, 318i, 330i, Prius, Prius, M2
|
|
Appreciate
0
|
Yesterday, 06:52 PM | #25 |
Lieutenant Colonel
5855
Rep 1,987
Posts |
My gut says if you make enough to buy the car in 4 months then you should probably have enough in retirement where having $150k or whatever it goes for less would not make much of a difference and if it did I would be concerned you don’t have enough cushion in your savings.
However for a simple answer… sure I would. I’m self employed and I don’t hate what I do so doing it for 4 more months would not be an issue. |
Appreciate
0
|
Yesterday, 08:16 PM | #28 |
Brigadier General
6083
Rep 3,260
Posts Drives: 2024 M340i xdrive Join Date: Apr 2013
Location: Newcastle, Australia
|
As someone who is very close (a few years) to retiring I personally wouldn't do it and I have a great job which I absolutely love!
We all have different dream cars and things we want to do when we retire. My Wife and I for example are going to go and live in Europe for a few years and when we get back I am going to by my "dream" cars. Something like an 2002, Fiat 124S or a TR4/6 rather than the latest and greatest. Do what works for you! |
Appreciate
0
|
Today, 05:37 AM | #29 | |
Colonel
7685
Rep 2,459
Posts Drives: 9Y0 Cayenne S Join Date: Mar 2019
Location: Einbahnstraße
|
Quote:
What percentage of your net worth does the price+taxes of the car represent? Net worth = all assets (including residential and commercial RE) minus all liabilities (including mortgage on RE, if any) |
|
Appreciate
0
|
Today, 08:38 AM | #31 |
First Lieutenant
616
Rep 326
Posts |
As the OP, i worded my original post poorly. I turned this into a financial/affordibility question more than the true underlying intent.
Which was; is it foolish/selfish to spend significant money on a 4th vehicle as I am winding down my career? I have a fully funded retirement, own multiple properties and have zero debt. I love my job and my CEO wants me to stay on and retire with him at the same time. I just purchased a 25 M4 Comp a few months ago. Love it and plan to keep it for the foreseeable future. I just always wanted a Porsche Spyder but they never had enough power to justify a narrow use vehicle…until the RS version came along with the GT3 engine. Reports are that the boxster is going to be all electric by 26 so I have the scarcity and time is running out influence. I was just interested if others had ever contemplated this question and rationally walked through the thought process. To be honest, what I really wanted was “validation” from others to say go ahead and purchase your dream car. Based on the feedback, that is what I plan to do. Thanks to all for the feedback. |
Appreciate
0
|
Today, 09:28 AM | #32 |
Colonel
7685
Rep 2,459
Posts Drives: 9Y0 Cayenne S Join Date: Mar 2019
Location: Einbahnstraße
|
So delaying retirement was never the issue but rather the courage to make a discretionary purchase. Is this in the ballpark?
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|