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Anyone from EY GDS KOLKATA?EY
Has recession started??
Does LTI provide reimbursement for WFH setup ?
Please help me with below
My DOJ is 30th Oct22

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I did it back when I was only making $120K. That was for a new 981 GT4 and I got lucky where I drove it for a year, sold it to someone for more than what I paid, so I basically got to own that for free. The funny thing is I could've still kept that car and it'd still be worth the same or more than what I paid even today, just maybe not inflation adjusted.
They told me $25k Over for a GTS 4.0
There’s a lot of variables and rules of thumb. Assuming you own a home within your means, have no other debt, put 20% down, I’d say $300k is the minimum.
I was about to contradict you about putting 20% down before I realized that's how much I put down lol
$450K
I did it last year with a HHI of ~$400k
Appreciate the input. I’m currently at about $200k TC (expecting a promotion that should put me around $250k). Sounds like I need a few more years before this wouldn’t be ridiculous
Did it on $280k total income/ $120k personal income without an issue
Also have a kid and student loans.
If cars are a passion you can def make it work.
We have a HHI of $400k now and we could easily do $125k car without making too much sacrifice.
It depends what’s a priority to you.
Also - it depends on the car!!
A 911 worn depreciate much so $100k 911 will keep most value!!
An AMG or M - that’s a different story!
We can make it work on $275k with the following
- 3k rent
- 3k nanny
- 2k student loans
- another car payment of $500
- 6% into retirement funds
- max HSA
+ we save about 3-5k per month
Need the cash for a down-payment on a home, and almost fully done with student loans so have been paying a bit extra into those.
I also get a full match on 6% and I’m almost at the $19k limit now with a new job.
(Plus I could die tomorrow so I’d rather not be strung up in a lot of excess cash - I still have like $100k in my 401k/IRA at 29)
Rising Star
Depends on depreciation expectations. If it’s a new S class, I’d want to make $1M/year. For a lucid air pure at old price with tax credit, $300k, since I expect the lucid to go up in value.
Rising Star
Well the 911 holds value pretty well and that’s just a rebadged vw beetle.
Probably 750k. Currently at 600k HHI but cant justify it.
Just do it. It’ll pay off in the long run.