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/biz/ - Business & Finance

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19752411 No.19752411 [Reply] [Original]

What % of your net worth should you allocate into...

(1) car
(2) house

?

Me
(1) car - 5%
(2) house - 20%

>> No.19752739

>>19752411
cars are useless, property matters the most

>> No.19753254

tfw my car is 300% of my current networth...

>> No.19753940

>>19753254
Based.
What's your car?

>> No.19753985
File: 115 KB, 1024x680, MERCEDESBENZSLK-R170--1420_1[1].jpg [View same] [iqdb] [saucenao] [google]
19753985

>>19753940
basically a fancy 3k miata

>> No.19753989

>>19752411
>net worth
>car

What kind of Gen Z horseshit is this? Why would you plan to allocate net worth (rather than income) into liabilities?

>> No.19754008

>>19753989

Boomers created the consoomer car payment meme anon.

>> No.19754186
File: 21 KB, 300x254, thumb_i-am-fine-wojak-feels-guy-know-54374842.png [View same] [iqdb] [saucenao] [google]
19754186

>>19752411
>10% food and rent
>90% into crypto

>> No.19754244

I unironically want an electric jag. I'd also like to be an owner builder, but sleeping in a hammock while I build doesn't sound comfortable.
So I think car could be as much as 30% of net worth and property could be 60% gives an extra 10% or ~$30k to short fracking companies.

>> No.19754527

>>19752411
in your case those are liabilities

>> No.19754729

>>19753989
ok...
then what percentage of your income would you allocate towards (1) car, (2) house?

>> No.19754776

>>19752411
However much you need to. If I followed your advice, I'd be looking at a bus pass and a tent

>> No.19754847

>>19752411
69%

>> No.19755053

>>19754729
My (Gross) Income: $79,000 annual
My (Net) Income: $57,600 annual
My used vehicle: $9,500 total
>10 year expectation - $900 annualized
>Auto insurance: $1,250 annual
>Auto maintenance/tools/misc: $600 annual
>Fuel: $1,250 annual

Vehicle cost as percent of Gross Income: 1.14%
Vehicle + Other cost as percent of Gross Income: 5.06%
Vehicle cost as percent of Net Income: 1.56%
Vehicle + Other cost as percent of Net Income: 6.94%

>> No.19755105
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19755105

>>19754729
>House

Pic related, exclusively property Price not maintenance.

>> No.19755406

>>19752411
>>19752411
depends on your net worth.

<20k
20% car
0% house

<50k
15% car
0% house

<200k
5% car
0% house

<500k
3% car
35% house

<2 Million
2% car
25% house

over 2 million
1.5% car
15% house

This way neither a car nor a house purchase will ever impede your ability to make money from capital in a crippling fashion.

>> No.19755479

>>19755406
based ty

>> No.19755584

clever datamining strat

>> No.19756895

>>19755406
>>19755479
>50k
>200k

This is not based. This is fantastical daydreaming - not to mention the fact that these net worth figures completely ignore the majority of North Americans actual lifestyles. In the 200K example you would be sitting on 95% of your net worth purely in investments with no tangible assets (excl. gold bugs) - this is retarded. This assumes you will succeed in investments to 500K more swiftly than gaining net worth through real-estate - this is nonsensical in the Western world.

>> No.19757415

10% into wine and scotch of a lucky chinese year

Sell it 10 years from now for a stupidly high price

t. guy that used to work at the highest end of retail wine+spirits retail