I make 300k a year and have around 1 million saved up with around 200k in retirement and the rest in stocks and savings at the age of 36.
I’ve been essentially earning around 200k after tax and living off 50k and saving/investing the remaining 150k for 6 years. Including the 2 years it took for me to pay off medical school loans, I have been living on 50k for 8 years and I honestly want to start having a luxury lifestyle.
How stupid would it be to for me to take around 700k out of the million, spend 300k on cars and 400k on a down payment on a million dollar home? This would leave me with a 100k cash left over plus my retirement fund. I can easily make this money back even after a mortgage and go back to investing, but not as aggressively as before. I never needed to save that much in the past but ended up doing so, and I want to enjoy my money. I know materialistic things aren’t everything but I want to experience that lifestyle. I know I can buy real estate and make passive income, but that’s just a hassle I don’t want to worry about because my current job already makes me so much.
Tldr: I have a million dollars saved up and want to spend 700k on cars and a down payment, because I can just make the money back.
Submitted August 03, 2023 at 01:50AM by hdjsjfke https://ift.tt/nNe3PbC
