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Reply to "How are there so many $60, $70, $80+ thousand dollar cars on the road??"
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[quote=Anonymous]I have one kid in college and one in high school. I’m 44, we make a variable income, but usually around 500-650k/yr. After my mega roth, both our 401ks, his ESPP and our HSA straight out of our checks go 96k towards employer based retirement/investments. we then have another 48k that goes into taxable brokerage. our mortgage is low (we’ve been homeowners since 2001 so have traded up and up), we have a couple of cash flow positive rentals, and did 529 so we don’t have college expenses. this leaves so so much money left over. Maybe you save more than us, but we should retire with 6M in equities, and a few more million in real estate. It’s not a stretch for my Genesis., which I just spend 80k on. we had kids early and had to get serious early so we are smooth sailing at this point in our lives. [/quote]
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