Quote:
Originally Posted by Ernest72
Do yourself a favor and do not listen to people on a car forum about money advice. Find someone you believe you can trust who is an expert in finance or read as much as possible about the subject so that you can at least make an informed judgement.
Now for my opinion based on life experience, which you should take lightly as I am no finance major. But I am 44 years old, a scientist, with a family, , 2 kids, a house, two Subarus (4 cars all together) and relatively debt free.
Paying off debt is pretty much never a bad idea. Yes some debt that can provide tax relief (like mortgage interest) can be fine, but not having that mortgage interest would be better.
As for the car, it is really a want so only you can decide how strong that want is. Clearly, there is nothing wrong with living a little and taking a chance on yourself.
Also with your savings you are way ahead of most your age, so it tells me you are sensible.
Also make sure you are contributing to your 401K. Find a way - compounding works.
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You started off by telling OP not to listen to anyone's advice here but went on to give him your advice?
I might add one more point: if OP ends up getting a BRZ, do not mod it. You will save $ on mods and have a much easier time selling it. I've learned this with my Evo. With the BRZ, at most I will only add a few STi pieces here and there.
Quote:
Originally Posted by Xxyion
Eh...systems admin wont be making 6 figures unless you are in a lead position. But he is still underpaid. At the same time his location might be part of it. I do basically the same and make significantly more than he does, but i'm also in California so realistically we make the same lol.
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To get the most accurate numbers, check glassdoor, neither of us are salary experts here. I am also in CA so the salary number seemed low to me. Last time I checked Maryland/DC area isn't exactly that much more affordable than CA.
Invest the cash, find a higher paying job, and find the balance in life. Life is short but you still have to live it responsibly.