I live by myself. My life is pretty comfy, but I thought $100k would take me further.

I live by myself. My life is pretty comfy, but I thought $100k would take me further.
Do you think I'm living beyond my means? Or do I just need to pay off my loans faster to start enjoying my income?

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  1. 4 weeks ago
    Anonymous

    Way too much on car and ins, I make $110k and spend $430 on car $100 on insurance. Are you maxing out your retirement accounts?

    • 4 weeks ago
      Anonymous

      >Way too much on car and ins
      It's only a $40k car, but it's German so repairs are stupidly expensive, hence the insurance price. And I got raped by the interest rate, trying to pay it off ASAP.
      Do I really have to get rid of her? 🙁
      >Are you maxing out your retirement accounts?
      I'm not going to be saving for retirement until I pay off all my debts. I'm only 23, got lots of time to save.
      Also I will never put any money through my current employer's retirement account as it all goes through BlackRock.

      Life as a wrenchlet must be hell.
      >t. 2 cars and 2 bikes
      >$0 payment, $400/ins per 6 months

      Yeah, last time I went to the dealership service center I walked out with a $4k bill. And that's after I refused a $700 brake pad change and $600 battery change, and used that money to buy the tools & parts to do it myself.

      • 4 weeks ago
        Anonymous

        If I was gonna buy a car today I would get a 1999 Mercedes E300 diesel. These actually exist in america surprisingly.

        • 4 weeks ago
          Anonymous

          Why that car

          • 4 weeks ago
            Anonymous

            >cheap
            >comfortable
            >30+ mpg
            >extremely robust drivetrain

      • 4 weeks ago
        Anonymous

        I mean you could have another $500/mo or $6k per year with a cheaper car and insurance. That’s almost enough to fund your Roth IRA and certainly would help pay off your debts. What’s the debt like, we talking student loans or something else? Minimum monthly payments?

        • 4 weeks ago
          Anonymous

          I've been thinking about it and honestly I don't want to give up any of my quality of life. I should find a better-paying job instead.

          >$6k per year
          Probably more considering the maintenance and gas costs of this thing... but frick I love this car, and it's not like I'm in the hole.
          >What's the debt like
          I have ~$10k in interest-free debt that I need to pay off by the end of the year, the car loan, and the mortgage.

          Why is car insurance so expensive for burgers

          I pay that for a whole year and its a relatively new car

          That's stupidly expensive unless OP has a shit driving record

          Clean driving record, that's just how it is in Texas

      • 4 weeks ago
        Anonymous

        > I'm not going to be saving for retirement until I pay off all my debts. I'm only 23, got lots of time to save.

        This is the stupidest thing I’ve seen in my life.

        If you start maxing your 401k now and stop when you’re 35, you will have more at 65 than a person who maxed their 401k from 35-65. Think about that. You will never catch up to a person who saved early for 10 years and stopped versus someone who saved for 30 years straight.

        Compound interest is insane. Live poor now so you can be rich later. Live like no one else so you can be like no one else.

        • 4 weeks ago
          Anonymous

          Not that anon, but
          >Live poor now so you can be rich later
          seems a bad strategy. What use has all the money in the world, when you are some old retired boomer?

          I would rather maximize the amount of money available when I'm 30-50 years old

          • 4 weeks ago
            Anonymous

            You failed to see my point. You save for 10 years, then you can let off the gas because you already made it later on. Now you can focus on spending money on kids, expenses, and shitcoins knowing you have a golden parachute. Spending money to try and pay off your house at 23 is moronic.

  2. 4 weeks ago
    Anonymous

    Life as a wrenchlet must be hell.
    >t. 2 cars and 2 bikes
    >$0 payment, $400/ins per 6 months

  3. 4 weeks ago
    Anonymous

    100k now is $50k in 2012.
    200k is the new 100k

  4. 4 weeks ago
    Anonymous

    >dog food
    get rid of that shit, just feed your dog what you eat

    >pet insurance
    get rid of that shit, you stupid homosexual, you wouldn't need pet insurance if you fed your dog normal food

  5. 4 weeks ago
    Anonymous

    Why is car insurance so expensive for burgers

    I pay that for a whole year and its a relatively new car

    • 4 weeks ago
      Anonymous

      >23
      >expensive pseudo luxury car
      As you get older and drive a boring/old car rates drop off a cliff.

    • 4 weeks ago
      Anonymous

      That's stupidly expensive unless OP has a shit driving record

  6. 4 weeks ago
    Anonymous

    shit senpai. i make the same as you but i live in a third world country and dont pay mortgage rent or car or food. get good homie

    • 4 weeks ago
      Anonymous

      I would move to Europe but I like my guns and freedom too much

      pet insurance is a scam, save yourself $720 a year right there.

      lol, it's not a scam. It's insurance.

      insurance numbers seem low af
      where do u live?

      That's monthly. I live in Texas

      • 4 weeks ago
        Anonymous

        I've never seen a pet insurance policy that actually covers the shit you'd want pet insurance for. Come time little Rover needs a real surgery your insurance company is not going to cover it. Regular annual pet care is like $200/year out of pocket. You're paying 3x that for nothing in return.

  7. 4 weeks ago
    Anonymous

    pet insurance is a scam, save yourself $720 a year right there.

  8. 4 weeks ago
    Anonymous

    insurance numbers seem low af
    where do u live?

  9. 4 weeks ago
    Anonymous

    I purposely earn as little money as possible and have effectively the same quality of life. I'm talking rent + bills of less than 1500 and living on 500 for food and gas. I'm honestly relieved sometimes to not be working a "high paying job" just to be a rat in a trap nonetheless. I'm free!

  10. 4 weeks ago
    Anonymous

    There's no way $300 monthly for car insurance can be right. That's $3600 a year buddy.

    • 4 weeks ago
      Anonymous

      My bad, it comes out to $295.87. Pic related

      I've never seen a pet insurance policy that actually covers the shit you'd want pet insurance for. Come time little Rover needs a real surgery your insurance company is not going to cover it. Regular annual pet care is like $200/year out of pocket. You're paying 3x that for nothing in return.

      Covers exams, diagnostics, treatment, medications that are needed to treat any injury or illness, also includes routine visits and vaccinations. I will open a savings account for him eventually and get off the insurance.

      eat less
      shower less
      sell your dog

      no

      > I'm not going to be saving for retirement until I pay off all my debts. I'm only 23, got lots of time to save.

      This is the stupidest thing I’ve seen in my life.

      If you start maxing your 401k now and stop when you’re 35, you will have more at 65 than a person who maxed their 401k from 35-65. Think about that. You will never catch up to a person who saved early for 10 years and stopped versus someone who saved for 30 years straight.

      Compound interest is insane. Live poor now so you can be rich later. Live like no one else so you can be like no one else.

      Black person my car loan is 7.7% interest and my mortgage is at 4.5%. I'm trying to pay them as fast as I possibly can.

      • 4 weeks ago
        Anonymous

        > Black person my car loan is 7.7% interest and my mortgage is at 4.5%. I'm trying to pay them as fast as I possibly can.

        Why? Compound interest is much higher than 7.7%. You failed reading comprehension I see, not to mention finance. No wonder you don’t have any money.

      • 4 weeks ago
        Anonymous

        You make over three times your expenses. If you think that isn't making it, you're utterly delusional.

        >7.7%

        Yeah, you need to pay that off immediately. I'm not sure why you took out a loan for a car in the first place.

  11. 4 weeks ago
    Anonymous

    eat less
    shower less
    sell your dog

  12. 4 weeks ago
    Anonymous

    >1200 dollars a month on a car

  13. 4 weeks ago
    Anonymous

    How does it feel putting down 1200 in escrow towards your mortgage knowing it doesn’t go towards jack shit?

  14. 4 weeks ago
    Anonymous

    i will never understand why people pay interest on a fricking car, on and house i get it, you would have to live like a monk for a decade to buy an house with cash, but a fricking car? are you serious? I won't even get into the iphags, payment plans for a fricking circuit board, what a fricking joke of a society we have become...

  15. 4 weeks ago
    Anonymous

    Yes and yes. There is no reason you should have a $775 car payment. You net 21k a year so either pay off the car or sell it and get a cheaper car

  16. 4 weeks ago
    Anonymous

    Car insurance $300 per month? WTF I just paid about that for my yearly insurance.

    • 4 weeks ago
      Anonymous

      you pay $25 a month for car insurance?

  17. 4 weeks ago
    Anonymous

    my monthly car insurance is $75, and it's a 2021 mazda cx-5 so it's not some shitbox, you are getting ripped off op

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