
886: How to Buy a Car, Part 3: Decide How Much to Spend
Radical Personal Finance
00:00
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%.
Play episode from 14:37
Transcript


