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886: How to Buy a Car, Part 3: Decide How Much to Spend

Radical Personal Finance

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Getting Rich Fast Is Not Your Number One Goal

Someone making 300 thousand dollars a year, well, now, ten % means that you can go out and you can purchase a 30 thousand dollar car. Want to have a hundred thousand dollar car? Make sure you're arning a million dollars a year. That feels right in many circumstances. But the problem is that you start to get into a life style disparity. Someone's making half a million dollarsa year buying a 50 thousand dollar car because the numbers are so much larger. I think there you could tilt it up and still make and still be fine.

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