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

Radical Personal Finance

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The Absolute Maximum Ceiling

If you're serious about wealth building, focus on ten % of your annual income. Financial samaris math is five per cent of your net worth. If you have a hundred thousand dollar net worth, you can buy a five thousand dollar car. But if you are someone who has five million dollars in the bank, and you don't spend a lot of money? You live debt free, you own all your assets. And my number is, the absolute maximum ceiling should be 50%.

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