N8verBegan
ConstructionMaxxing
- Joined
- Feb 10, 2023
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Once I get a job, my starting salary is gonna be $80k ~ $90k. Let's say I get a job in washington state. Here, my salary after tax will be like $70k. The median rent is $2000. I will get 2 flatmates, so I can pay ~$667. I like cooking, so I will prolly spend like $400 for groceries. Other necessary spendings like insurance, phone bills, gas will be like $900. so that leaves me with $5500. I will invest 60% of it to S&P 500 and keep 10% cash and save 30% for emergency. Assuming I can only use 50% of the fund in S&P (assumes average 8% return per year) to buy the porsche cash, It will take me ~4 to 5 years of wage-slaving. So I will be 26~27 by the time I can drive around Porsche 911.
Buying the Porsche will significantly delay my retirement, but I don't wanna cope with a sports car when I'm 60 years old.
Buying the Porsche will significantly delay my retirement, but I don't wanna cope with a sports car when I'm 60 years old.