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Yesterday, 06:47 PM | #24 | |
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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).
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Car History (oldest to newest): Accord, 318i, 330i, Prius, Prius, M2
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Yesterday, 06:52 PM | #25 |
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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. |
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Yesterday, 08:16 PM | #28 |
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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! |
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Today, 05:37 AM | #29 | |
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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) |
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Today, 08:38 AM | #31 |
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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. |
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Today, 09:28 AM | #32 |
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So delaying retirement was never the issue but rather the courage to make a discretionary purchase. Is this in the ballpark?
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Today, 12:10 PM | #34 |
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I'm halfway to retirement and am personally not the kind of person to sit around. I have also seen too many mentors postpone retirement out of fear of boredom or people retire only to realize that having a little more money put away or something to get out of the bed in the morning for would feel better.
If you're in the position to retire comfortably in good health and have your dream car (which is a hobby in itself), then a few more months of work seems like a no brainer, after 30 or 4 years what's another few months? Personally, my goal is to retire well, not young, and in between I'm trying to enjoy myself as much as possible while achieving goal 1. |
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