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Need 15 likes for DM. please help.
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Nah if anything is just be like dang, that person may not be great with money. But it sounds like you’re in a good spot so don’t stress it.
Chief
Weird flex but ok
I'm so confused. Is this a bad attempt at a humble brag? Why would it be a bad look to have a nice car?
None of your other points are really relevant. Just sounds like you're trying to prove to yourself that you're well off. If you want validation then yeah sure, good job.
I would definitely aim to max out the megabackdoor before contributing to brokerage. It will set you up even better than you already are and makes a lot of sense if you don't need the money soon.
Unfortunately, my new employer doesn't offer megabackdoor so I'm stuck with a brokerage account once I max my retirement accounts. I'd take advantage of it while you can.
170k a year for a 3 bedroom.? Yeah bro buy the vette, we know it’s going to be your only entertainment in bumabama or wherever you’re at
Nashville real estate is insane and getting worse; average home closes within twelve days
Rising Star
Nah I have a $70K truck, no one bats an eye. Don’t be a show off tho
Enjoy yourself man. What's the point of waiting till 60+ to get your dream car and live life.
I'm on the wait list for zo6 2025
I think i know where the author is coming from. I've always been a car guy. When i was a senior associate, i bought a new corvette. The next time raises and bonuses came around, i got significantly less than in the past. It later got back to me that the partners' attitude was that if i could afford a corvette, they were already paying me enough.
I now have a $100k+ Porsche in the garage and i don't tell anyone at work. And before we talk about investment, opportunity cost, depreciation, etc., the smile that thing puts on my face is worth every penny. If you're a car guy, you know exactly what i'm talking about. If you're not, you'll never understand. It's also like a 4th car for me, so not a daily driver and easy to keep on the down low.
Civic as long as it isn't lowered with subs and a loud exhaust. I would get generically counselled about being professional but they never specifically stated my car was a problem. PA is a job where if you don't know the unwritten rules, you're going to have a bad time.
They also asked me if I wanted to be on a client that required drug testing. I said I could but would rather not (due to the hassle of going to the appointment). As soon as I said rather not, they awkwardly backed off and said they understood.
I unintentionally earned the reputation as a stoner boy racer even though I didn't smoke or race. I'm just a car guy that doesn't like to be hassled.
Pro
O worked with a senior who had 100k corvette. He was really into cars and other than that lived like a monk. Noone really judged him for it other than thinking its a waste of money
Chief
You said your mortgage is $170k and this would put you at $240k? So you’re financing a $70k car? That tells me you can’t afford it but what I do I know? You have all your other stuff maxed out, why not finance a $70k mid-life-crisis car
Chief
Ok, well….you are obviously a car guy and have done your research and have the money for it. If you’re looking for validation I’ll give it to you OP, enjoy that Corvette! Maybe I’m secretly jealous because I have kids and we drive a Swagger Wagon 😄
This is america. Drive what you want/can afford.
If you don’t make it a big deal then they won’t. You don’t have to talk about it to them and they’ll never know because you work remote.
Rising Star
you seem to be going through an awful lot of mental gymnastics to justify this to yourself I think only you can answer that question.. you’re probably fine but if you’re going to visit a client in some rural location I wouldn’t take that car
I’m going to do it regardless, I guess I just wanted to read about other people’s experiences.
2 months into public accounting as a 24 year old associate I bought a new Cobra. Buy what you want, who cares. Probably wasn’t the most Dave Ramsey thing I could’ve done, but keep yourself on a good career path and a decade later it won’t matter
Fair point, although aggravating haha
I know an associate and not even a month in, she bought a tesla. Go for it.
I have a luxury car and got some stank eye from my team when I bought it. I don't have kids nor do I spend a lot on material things or vacations so I didn't think it'd be a big deal. They still talk about it regularly and are clearly jealous and as the youngest/lowest ranking person on the team, it does bug me sometimes. If it makes you happy and is financially a smart decision, go for it...just be prepared for comments because people are weird.
This isn’t a brag, more so curious what other people think. If I provided zero context, would it have been “you should be saving for retirement” or something else? I provided context because I just wanted to know. If anything I don’t want to be the guy people think is a faker, I want to have financial balance. So I wanted to see if people would think I’m somehow a faker (meaning I’m living beyond my means) because I’m so young with nice things.
My friend drives a Porsche. Not an expensive one but a cheap one. I prefer American muscle. But that new C8 Z06 with the flat plane crank that sounds like a Ferrari 458 is insane.
Time value of money. You can save that money and let it grow so you can spend it when you are older in life. Or you can spend the money now to reap the joy while you are young. The choice is yours.
K2 ironic coming from someone in public accounting lol
Rising Star
I prefer to be low-key, but you do you. I wouldn’t drive it to the client though.
Who cars what people think. Spend ur money how u wish. Those people aren’t paying your bills
Pun intended?
You seem to have it together. Nothing wrong with spending your money how you want