/biz/ - Business & Finance

>Uses 80% of his portfolio to buy a liability

>>53112379
>> Thinks 40k will buy him a sports car

Motherfucker do you know what year it is? What you think you're a life on a silver platter served boomer? No motherfucker this is nightmare hellworld impossible difficulty. 140k for the sports car. Minimum. Because fuck you and everyone born after 1980.

>>53112379
>I make about 100K a year (save probably $500 a month on average)
>Am I retarded
Yes

Get roommates or something and only spend money on food & utilities. Everything else is a waste of money. Go buy some essential transport like a Toyota/Honda compact with 100K miles on it and drive it until it is scrapped.

You should be able to save 4K+/month on your income. Anything less than that and you are setting yourself up for a lifetime of wage slavery.

Imagine blowing 80% of your income on something where a substitute for getting you from A to B exists for $2000

Do it, man. Enjoy it while you are young.

>>53112379
100k salary and you only save 500/month?
i have a 90k salary and save 3000/month

>>53113072
Yes, this is his main problem. I spend $2K a month living in San Francisco. No way OP can't save more.

Omfg these comments. You guys gay

Have you looked at any cars already op?

>>53112379
>I make about 100K a year (save probably $500 a month on average).
holy shit how are you this bad with money. It's time to stop posting or stop lying

>>53113119
Also. Do you save 500 only because that's what's left? Or is that all you can?

>>53112379
>buy the geely
>spray it like a benz
>???
>profit.

>>53112379
you're not saving enough. No it isn't retarded but there's some reason to believe that it may be better to get some kind of financing and invest the rest if you believe this is the bottom (but it oculd go a lot lower) just remember a car is a depreciating asset so there's a lot more risk here

My dream car/s are lexus is 350 and acura tlx type s

>>53113083
isn't rent at least 3-4k a month?
>>53112379
you are fucking retarded and you should save more money. once the novelty wears off you won't be much happier for having a new car compared to if you got a used one

You live in Sydney don’t you

>>53112895
A C5 Z06 is probably the best performance sports car for the money. Maybe $22k depending on mileage and very fast.

>>53112379
>I make about 100K a year (save probably $500 a month on average).

>>53112930
This guy is a faggot and you should enjoy your life. Very unhealthy perspective on money.

That said you don’t save close to enough. You should be saving $1.5k/month or more for retirement in addition to at least $500/month for emergencies, ideally more if you can budget it

Finance the car with minimum down payment and 84 month term. Put your $40k cash in iBonds or something else that yields ~6%.
Don't forget now until September 2023 is the "Jubilee" meme, which means its the best time to take out new debts right before the inflation takes off again.

>>53113162
why tf would your dream cars be too entry level sedans lmfao

>>53112895
not all sports cars are lambos retard. There are plenty you can get for under 40k

>>53113553
I should've clarified the $500 doesn't include the money that goes to retirement. I put 6% of my paycheck into 401k every month (max I could do right now)

>>53113135
>>53113121
>>53113083

that doesn't include what goes into my 401K, I should have clarified

>>53113816
OP here pt.2, turns out I'm also retarded at math. Idk where I got 500 from. I went back and looked at my recent CC statements, I save more like $1800 a month not including 401k lol

>>53113855
Is your 401k maxed every year?

Buy a cheap house somewhere and rent it out - anywhere. Use cash flow for car payment. Offset car depreciation with house appreciation. You will thank me in 10 years. You will still have all the same flaws even with a fancy car. Insurance will cost you $500 a month because of your age.

>>53112379
holy shit. people like this exist. how can u be content with having income like that and not having a skyrocketting net worth at the same time. i dont get it

>>53113870
yes, I contribute 6% which is the max right now and I can add 1% to that every year til it hits like 16 or something. Company matches it

>>53113816
i see now

>>53112379
everyone else is pointing out the obvious.
but here's my question.
dgaf about owning a home - wants to own a sports car. where are you going to park and maintain it? I understand wanting a car that's fun but are you gonna street-park it?

>>53113870
>>53113909
now I am not a very smart man but that sure sounds like you're maxing out your employer-match, not maxing out your 401k.Max contributions was $20,500 and now bumping up to $22,500 per year.

>>53113121
my whole childhood and adolescence my family had financial problems, now that I finally have a good job I spend TOO much on stupid things, I'm an impulsive buyer, so I can understand that, I even spent a big part of this month's salary on vinu
the more screwed up we are in the head, the worse we are for business

>>53112379
I bought a luxury car and then later I regretted it. No one cares about cars

>>53113997
I feel like you shouldnt max out your 401k if you are capable of doing so if you want to retire early

>>53112895
10k bought me a 3rd gen firebird from 1988 and i've put like 5k in it to make it near mint. Idk what you're talking about... to me it's a better looking car than any lambo lmao

>>53114862
Girls absolutely care about cars. Hottest girl I ever fucked was cause I had a sports car and she asked to go for a ride in it.

At the very least it gives them an in with you. “Ooo nice car I bet it’s fast can you take me for a ride? tee hee”.

Rent a lambo and pull up to a spot where girls can see you like a coffee shop or whatever. You are GUARNTEED to get action. Unless you are a total unfuckable fat slob ina stained beater t and sweatpants with piss stains on em who smells like rotten milk but even then there still a good chance of it from gold diggers.

some JDM rice rocket doesn’t matter to most. Some pile of shit for 30k that the poor OP can afford won’t impress anyone. Every nigga in the hood has a Camaro or challenger these days. Maybe a clean c6 or c7 vette.

But a real full on sports car, McLaren, Ferraris, Lamborghini, Viper, to a lesser extent Porsche. Or any hyper car will absolutely 100% get you world class ass. Try not to get laid driving a Pagani. I dare you.

>>53112379
Get something with RWD and between 200-300HP. Nothing after 2010 if you really want to have fun and learn to drive properly.
Honda S2000, BMW E46 325i or a 330i.
Audi S3 or S4 even though they are AWD.
Should be way cheaper than your 30k budget and are really fun cars to zoom around. Faster cars get boring quick because you cant even use the whole rev range without going into prison.
+ you could let 5-10k sit for maintenance or even some coilovers, a small tune and decent tyres.

>>53112379
>gay little boy
no u

>>53112379
>I'm 24
>hoon around in on the weekends
don't spend $30k on something you're going to crash. buy an old miata.

>>53112379
>I make about 100K a year (save probably $500 a month on average).
How???
>hes a zoom zoom
Ahh ok.

>>53112895
60/70k gets you the new Corvette C8.
People waiting almost 2 years to get one, its that good.

>>53112379
>Am I retarded for using the cash to buy a car
See >>53112864
You need to seriously re-evaluate everything. You are currently a moron.

Buy a gt86/brz. Shouldn't be very expensive to run and maintain, even if you can't do it yourself on the street outside your apartment.

>>53113162
>lexus is 350
My favorite, thou Lexus 300 is the strongest amongst them
i'm beginning to like Audi cars since holoride announced the integration of the Blockchain in their vehicles, but Acura is just a no for me, for reasons best known to me.

>>53112379
i make $100k and save about $3k/mo between personal savings, investments, and post-tax 401k estimates. homes are expensive but i'm saving so i can escape rentcuckery within the next 1-2 years. you remind me of my neighbors: forever wageslaving in a 1 bedroom cuckbox apartment (owned by a jewish investment management firm, being nickled and dimed to death on ever-increasing rent) while the greatest concern in your low IQ brain is a $50k niggermobile or other pointless consoomer baubles.

yes, goy, go ahead and buy that car. you'll look so cool sitting in traffic with the rest of the poorfag wageniggers.

>>53112379
I think this thread will answer your question perfectly
>>>/o/26220615

>>53112379
Yes you are retarded

>>53112379
Buy a cheap second hand Hond Fit Sport (it has sport right in the name!)

Spending a lot of money on cars is absolutely retarded. They're just for getting you from A to B. The only important thing is to get something generally reliable.

>>53112379
Get a Miata. If you have a dream car though, just get it. You might save money in the long run (I fucked around with building cheap sports cars for a decade before just buying an rx-7)

>>53112379
>$100k a year
>save $500 monthly
anon i....

>>53112379
Buy the car or whatever sure. I’d just recommend to spend a lot of time finding a deal. But 8K a month and you only save 500$ of it? Fuck off man. I’m 21 making 4K a month and save 2.5K of it living in an expensive ass west coast city. You’re not fucking trying and will stay poor if you don’t invest more than that. Hopefully I’ll be saving 3.5K of it monthly in the next 2 months here, it’s not fucking hard and I enjoy my life fine.
Protip: Move in with 5-10 friends to one huge ass house and you’ll pay at max 500$ a month on rent. Split food amongst you all, max cost is 250$ a month. Insurance and car? I paid off a car I bought for 6K when the market was good (BMW with 80K miles on it, works like a charm). Insurance fucks my ass, but I never spend more than 1.5K a month. I plan on moving to remote work soon and fucking off to a 3rd world country so I can save 90% of my income with my homies.

>>53115052
Ah yes just buy a $250k car. Are you always this retarded or did the spicy Mumbai curry melt your brain?

>>53113083
>iving in San Francisco
KYS unless you have to actually go into the office.

>>53112379
Honda s2000. Prices should be going down soon

>>53113162
the new audi rs3 is amazing...5 cyl turbo with 400hp and a dual clutch. have no idea if it will last longterm, but its crazy good car. a lot of car fags say its one of the best sports cars ever...i think they are 65k.

>>53121103
slow though..compared to new cars. rs3 does 0-60 in just over 3 seconds

>>53112379
>Am I retarded for using the cash to buy a car, or should I keep saving for a home first then fulfill my gay little boy dream?
A car is OK but from a /biz/ perspective only if you choose a good collectable.

>>53113788
I haven't the foggiest clue why you'd waste $40k on a sports car that just makes you look queer tryhard because it's not a lambo

>>53112379

Wait until you’re 30 and have more of a financial base instead of spending half your NW on a car

How the fuck do you only save 500$ per month? I make 18K in a europoor country and I save 600€ per month easily.

>>53113175
>isn't rent at least 3-4k a month?
It is if you have a 1 bedroom apartment all to yourself. I rent a bedroom in a 3 bedroom for $1600 a month and split the bill with a roommate. So it comes out to $800/month + utilities. Not a lot of space, but it works out.

>>53114891
based post pics

>>53121781
Lol wtf. I make 21000€ a year, almost half of that goes to taxes, I net maybe 13k a year. If I wanted to save 600€, I'd have to live on 300.
Do you still live with your mom?

>>53112379
You don't save enough money. I live in a High cost of living city with a wife and we just finished the year with 45k of expenses. You should be saving at least 40k/yr.

>>53120266
>imagine not being able to burn 250k on a car to slay 10/10 pussy

Poverty must be terrible. I’d probably just invest in rope.

>>53112379
you can barely buy a nice civic with 40k. there is no sports car worth purchasing for that amount in 2022. unless u want a used slowstang

>>53112379
Buy a Tessie to dunk on poorfags and V8bros. They're good for the environment and faster than most sports cars.

>>53115052
Are you fucking retarded?

Most car fags drive around in some gay miata with coilovers or have some gay mustang with a cold air intake and some wide profile rear tires.

You either drive a shitbox toyota or a ferrari. There is literally no in between. I see someone driving a $50k lease or a car payment they can barely afford. Women might like it because they know they can get with some retard who is bad with money and will take them on trips with a credit card and leave them the second the repo man shows up. I have a friend with a $70k tesla that still lives with his parents. He comes over and cries all the time telling me to turn the heat up or the air conditioner on in my house because "your rich, you can afford it"

If you actually care about cars then you either get into carting or find some way to get the money to one day afford that lambo. Anything else is cope. I think yachting could be cool, but im not going down to mastercraft to finance a $60k boat in the meantime to live out some copecel captain dream. Some things you just have to leave on paper and wait, rather than forcing it and getting a shitty copefilled experience.

>>53114862
people care about cars if u have something exotic. that shit is incredible. anything minus a 300k+ exotic ure wasting money for zero return. get a used civic with 100k miles for 5k and make more money

>>53115052
have a ‘19 performante can confirm. anywhere i go get attention from everyone girls included. had girls walk across town to find me because its so fucking loud
girls dont care about porsches at all. track car only

>>53125145
Well people do care about cars if you are still in highscool or like your first year of college. You could maybe pick up some retarded 19 year old but even thats pushing it. As a grown ass adult, the only car thats going to turn my head is going to cost $150k plus. A used Audi r8 could do it. Other than that all the other cars on the road are just copemobiles. Then theres the faggots speedracing and tearing apart their niggercamaro on the highway and causing 70 minute bumper to bumper traffic. Have more respect for some soyo funko pop collector than a carfag. They stay out of my sight and stay out of my way at least.

>>53125163
It's not the car. Girls do not care about how loud your car is. What you are doing is just blowing a train horn next to a trophy that was given to you for having a huge cock. Thats all there is to it.

A lambo or mansion or superbowl ring or anything like that is a trophy. People can physically look at it and see that you did something most people can't do. Women care more that they can take a picture of your steering wheel and show it off to other girls than they actually care about the car. Most women will never sit inside a Mclaren or Ferrari in their lives. Anyone can show up to the lot with an intact brain stem and finance a camaro with $10k down and 680 credit score.

>>53125230
of course. you’re right. they think ure a god with an exotic
i had an r8. it is the absolute pinnacle of daily supercar. got almost no attention from women, nothing like the lambo, but just a better car in literally everyway. absolutely sick vehicle (post-exhaust install)

>>53125348
the r8 doesnt look very close to an exotic, same as a gtr. you could fool a woman for cheaper and better with a lotus than an r8, hell even an old used shitbox gallardo and they would think you are a god. Coke dealer mexicans one rung up the food chain go the gallardo route all the time and you can get them for cheap from government impound kek.

I have respect for people who drive shitboxes and people who can either fraudmaxx with a lotus or used exotic or outright buy a high dollar exotic. The copers in between getting the camaro are subhuman.

>>53125579
dont think ud get laid from a gallardo but that is a very close one lol ive never seen one in the wild only at shows. it looks too old to work on young girls imo
ive had a db12, 911 turbo s, m5, evo, r8, perf. only the lambos got me laid. and by that i mean anywhere i go girls stand 2 inches from me begging for me to ask them to hangout. anything else ure back to being an invisible normie. girls know what the m5 and porsche are but it doesnt put you so far above them that theyre willing to go out of their way. the lambos make you a god to nearly everyone. most guys are so butthurt about the lambos they wont even glance, they fucking bitterly ghost you lol

>>53125726
Gallardo definitely would even with its old looks. A woman will just ask what it is and you tell them its one of the new hybrid lambos and once they get inside they see it stitched all in the leather its already over. Worst case scenario you could pick up some spic or gook in it at fiesta mart or a china town grocery store. Gallardo would pull easier than an m5 or porsche for sure lol.

My neighbor has an old ferrari thats probably the worst car they ever made and he still pulls with it despite it being an old piece of shit. The gallardo wouldnt be too tough of a sell.