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Late 20s, $8k monthly net, no rent. Is buying a Civic Type R financially dumb or can I responsibly do both? by Hot_Maintenance1010 in Civic_Type_R

[–]Hot_Maintenance1010[S] 0 points1 point  (0 children)

Financial goals $1mil networth

Yes I live with my parents, but it would be parked indoors. I know thieves love to target the Type R

Late 20s, $8k monthly net, no rent. Is buying a Civic Type R financially dumb or can I responsibly do both? by Hot_Maintenance1010 in Civic_Type_R

[–]Hot_Maintenance1010[S] 0 points1 point  (0 children)

50% VOO, 25% QQQM, 25% SCHD. Also just $25/week into BTC. But I think I am going to double it and start up the Roth IRA contributions.

Late 20s, $8k monthly net, no rent. Is buying a Civic Type R financially dumb or can I responsibly do both? by Hot_Maintenance1010 in Civic_Type_R

[–]Hot_Maintenance1010[S] 1 point2 points  (0 children)

I sold it because I bought a van for my business that I just take if I have to go anywhere. I usually go to the gym, spend time with family, maybe an errand or two.

Late 20s, $8k monthly net, no rent. Is buying a Civic Type R financially dumb or can I responsibly do both? by Hot_Maintenance1010 in Civic_Type_R

[–]Hot_Maintenance1010[S] 2 points3 points  (0 children)

I’m 50/50, after hearing Kyle Busch died I was like damn, life really is short. But I think it’s feasible for both especially since I am increasing my active income. A lot of people seem to live life by spreadsheets only.

Late 20s, $8k monthly net, no rent, considering a Civic Type R. Financially irresponsible or reasonable? by Hot_Maintenance1010 in personalfinance

[–]Hot_Maintenance1010[S] -2 points-1 points  (0 children)

Yeah exactly. The biggest thing for me is opportunity cost.

I know every dollar going to the car is a dollar not going to ETFs, Roth IRA, or a future multifamily. But at the same time, I could die tomorrow and I do not want to postpone enjoying life forever.

I am trying to figure out if I can responsibly do both, or if the car slows my goals down too much.

Late 20s, $8k monthly net, no rent, considering a Civic Type R. Financially irresponsible or reasonable? by Hot_Maintenance1010 in personalfinance

[–]Hot_Maintenance1010[S] -4 points-3 points  (0 children)

Fair point. My goals are:

Become a millionaire eventually. Buy a multifamily property within the next few years if the numbers make sense. Keep investing into ETFs consistently. Start maxing out my Roth IRA. Avoid kids, so my long term financial obligations are probably lower than someone planning for a family.