I don’t get these billionaires with old, smelly, beat up cars. Would they wear the same polo shirt with stains and holes in it for 20 years on the golf course? It’s kind of the same thing. You can be frugal and not drive an old POS if cars aren’t your thing.
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Isn’t that what CPO ES 350s are for??
Lolz…I kid you not…my neighbor has a PT cruiser…They probably make north of 200k per year…but yeah, lol on that!
I guess not even food stamps people would drive a PT cruiser!!!
You neighbor has the inverse of a common condition:
Beer taste on a champagne budget!
I would say $750-$850/month is okay, all things considered. I would probably invest some of the savings before signing up for a big lease though. Such as, buy some property, because you can spend all that savings very quickly, then find yourself wanting to spend less on a car. I personally would live more frugally than spending so much on a car, but I have less in savings so I am trying to build that up. I would probably buy at least one property if I was in your situation.
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My 10 cents (my two cents are free):
Everyone’s opinion is different. But what the majority of the people on here are saying is simple. Save your money and spend your money on something that is worth it. If you hack a deal like my family has been doing for the past 5 years (550i gt - 440/month, ghibli - 500/month, and much more) then yeah go treat yourself to something you enjoy. But don’t spend 1000-1500/month on a car that you will not own at the end and a car that might get you killed because when young people with fast cars get into accidents.
Spend your money wisely. Invest in something that will grow what you have already. You aren’t rich until you are making money while you sleep. That’s what I have always been told. Invest your money, spend wisely, and be mature with what you have
What about the boat payment, how much should that be? 
And the mistress? And the weekend car? And the summer vacation rental? And the nanny(maybe mistress #2)? And the car payment for the mistress?..
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I find recreational vehicles (Boats, Motorhomes, etc) are almost always better off rented than owned. Grab one when you need it and return it when you don’t. Let someone else worry about the maintenance black-hole.
What’s the saying, if it floats flies…
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Joe likes nice cars so he bought a brand new bmw for 65k. After 15 years he sold the car for 2k so he practically lost most of his initial investment.
His brother Doe likes nice car as well so he bought a one bedroom apartment that netted him 500$ a month in rent. he used the rent to lease his dream 65k car, now every 2-3 years he leases a new car . His Initial investment will be covering his leased cars for life.
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That’s really easy to say, maybe a little harder to do. Does Doe have to pay a management company 12% because he moved away and cannot manage the property in person any longer? Did Doe ever have nightmare tenants who would neither pay nor leave, but did have three German shepherds with incontinence issues despite the contract forbidding it? Did Doe’s apartment ever need a $4k HVAC repair or a $3k roof?
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Getting return on any investment will always involve a lot of work and some level of uncertainty, that’s the lever that create true wealth.
Tammy didn’t want to deal with those problems so he parked his money in a saving account and he is getting paid Usury aka interest at 2-3% a year so he was able to use the money to lease a Hyundai Elantra initially but then inflation started creeping up and his 65k purchase power started eroding as years went by while joe’s real estate kept up with the new bmw payment.
Scott on the other hand wanted higher return on investment than merely a few percents a year, he decided to move his liquid money to gas so he invested them in the casino aka the stock market. He got lucky for several years and started becoming cocky and thought he should be a market expert so he took more risk and ended up losing his shirt, he developed high blood pressure problem, diabetes. ED. Depression and now going through divorce.
I think the better question is, what jacked up part of town did Doe buy an apartment for $65K for and why is Doe only charging $500 in rent? I get $1,150 for a 1/1.5 townhouse in DFW for reference.
I’m assuming that Doe nets $500 profit per month in this example.
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Doh! Yeah that makes more sense. I could only hope to net that off that townhouse but then I’d have to charge $1,900 rent. One day, when I’m old and gray.
I would love to pay a scant $1,900 in rent.
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I found a 2015 Lexus ES 330H with 15,000 miles in Virginia for about $21,500, I’m still considering it. Navy blue with a near white interior, 40 mpg. Very nice. If I were you I would buy that with cash, or put enough down to have a $299 payment. I’m assuming your credit score is over 750.
Bogel method he’s heavy into ETFs and bonds, you mention your just in etf’s, how often do you rebalance (I have heard keep it very minimum if you have too) and do you dabble in bonds?. I’m heavy into etfs myself and have a mid five figure trading account to have fun with.
$1,900 in rent, that’s a wet dream for people in NYC.
Anyways brosef OP, entry level 6 figures, big dog status, with an entire $100k banked, booyah!!!OMGOMG!!#%%#!! Well worth two threads… $1,500 a month for a lease on that? Gotta be honest, sounds like you need an economics lesson. But I’m an enabler, so instead, I’ll recommend upping the game a little and looking into a Rolls-Royce Wraith, no need to humble brag here, show that income off irl!!
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