View Single Post
  #111  
Old 04-18-2006, 08:37 PM
chuck92103's Avatar
chuck92103 chuck92103 is offline
Banned
Location: Socal
 
Join Date: Oct 2005
Posts: 8,650
Mein Auto: 2005 BMW 645Ci
Quote:
Originally Posted by DMD
It might be, but I am young only once...what am I going to do when I am 60 and have a M3....Who cares if I have $100K less in my retirement since I blew my salary on a car when I was 25....what am I going to do when I am 70 with that extra 100K, I guess I could buy my 60 year old wife some new ****....No offense to older people...
At your age, every $50k spent on a new car, is $500-$700k lost in retirement dollars. The fact that you think $43k only yields $100k in 40 years troubles me.

I would fully fund my retirement at 15% or more pretax 401k, IRA, etc. before buying expensive cars. IMHO
Reply With Quote