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Downtown-Fig602 OP t1_j9v9kho wrote

Reply to comment by sjs48 in How would you invest 140k? Getting inheritance at 21yr old. by Downtown-Fig602

I mean I don’t really see why it’s an issue if I have an expensive car if I can afford it? I have 0 credit card debt and money saved

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JohnnyFnCliche t1_j9va4hn wrote

Because it puts you that much further ahead at the end of the year...get a $400/mo car and put $500/mo extra into savings or a portfolio...you wanted to know how to become a millionaire, stop spending like you've got money to burn...

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Downtown-Fig602 OP t1_j9vatsd wrote

I still have over 20k leftover per year with the car and spending I have, that’s more than most people with a normal job. Do you really think an extra 5-6k a year is going to make me a millionaire versus getting a higher paying job lol

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JohnnyFnCliche t1_j9vbknl wrote

Oh, you sweet summer child...someday you'll hopefully grow older and realize how wasteful it was those years you spent pissing away money on a car...

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Downtown-Fig602 OP t1_j9vckff wrote

Idk seems pretty fun to me but I agree I might go cheaper like for a Tesla maybe

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nomorerainpls t1_j9vc4ep wrote

Most people spend to their income, so when their income increases, so does their spending. This isn’t a very WSB thing to post, but your best chance of accumulating millions in wealth comes from keeping spend well below income, not rolling the dice on some pump and dump you heard about from the wife’s boyfriend.

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Downtown-Fig602 OP t1_j9vdl8g wrote

True but I don’t have any need to spend more than I already am per year even if my salary increases. I already eat out nicely once or twice a month, and food is the only thing I spend money on outside monthly bills and my car

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