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How much saving left after spending on a 992?

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Old 06-14-2022, 09:47 PM
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neverlose2022
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Default How much saving left after spending on a 992?

Hello Everyone,

It is very likely that we are heading toward a recession. Mortgage rates will be pretty high in the next 2-3 years. Income will be unstable due to the economic conditions. I don't want to put myself in cash flow difficulty.

For your guys, how much saving is left after spending on a 992?

I am placing a order for 992S. I will leave sufficient cash for next two years mortgage payments. How about you?

thank you
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Old 06-14-2022, 10:02 PM
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NastyHabits
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I think I remember some Taj Mahal lyrics going something like this....."Ain't nobody's business but my own". Or maybe it was Ella Fitzgerald? Hmmmm, maybe both.
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Old 06-14-2022, 10:27 PM
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22992
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While everyone will have a different definition of affordability, if that’s all your left with after you buy a car, I personally would not consider the car affordable. Many of people will likely have hundreds of thousands to millions saved before pulling the trigger on a car as expensive as a 911. But if your a high earner, and have confidence in your ability, then go for it. Lots of people in that camp too.
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Old 06-14-2022, 10:40 PM
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Originally Posted by neverlose2022
Hello Everyone,

It is very likely that we are heading toward a recession. Mortgage rates will be pretty high in the next 2-3 years. Income will be unstable due to the economic conditions. I don't want to put myself in cash flow difficulty.

For your guys, how much saving is left after spending on a 992?

I am placing a order for 992S. I will leave sufficient cash for next two years mortgage payments. How about you?

thank you
Not bad. We should get some decent flex out of this one. Maybe we can cut to the chase and share our W2s.
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Old 06-14-2022, 10:51 PM
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After I bought my 992 I had to move into a cardboard box and eat at a local soup kitchen.

But I got to drive a cool car every day!
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Old 06-14-2022, 10:56 PM
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Originally Posted by rk-d
Not bad. We should get some decent flex out of this one. Maybe we can cut to the chase and share our W2s.
might be more exciting if we share K1s and 1099s 💰
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Old 06-14-2022, 11:05 PM
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Originally Posted by neverlose2022
Hello Everyone,

It is very likely that we are heading toward a recession. Mortgage rates will be pretty high in the next 2-3 years. Income will be unstable due to the economic conditions. I don't want to put myself in cash flow difficulty.

For your guys, how much saving is left after spending on a 992?

I am placing a order for 992S. I will leave sufficient cash for next two years mortgage payments. How about you?

thank you
This is more of a Merrill Lynch or Fidelity question, but the general rule for savings is keep 6 months income worth of savings. I live by that principle at a minimum. tbh it just makes me feel better. Call it a false sense of security. This says nothing about real estate / pension / 401(k) / other items.
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Old 06-14-2022, 11:18 PM
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YOLO, You cant drive your house, but you can live in your car!
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Old 06-14-2022, 11:26 PM
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Paycheck to paycheck baby! Eating food from the dollar store and showering at work to save on the water. YOLO!
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Old 06-14-2022, 11:28 PM
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Originally Posted by 992gts
might be more exciting if we share K1s and 1099s 💰
Nah, no paper trail is best. Only suckas pay the man. Everything on the down low in cashish.
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Old 06-14-2022, 11:29 PM
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Originally Posted by igsp335
YOLO, You cant drive your house, but you can live in your car!

I would not spend more than 5% of your net worth on a Porsche. You will enjoy it much more when it does not change your financial situation significantly.

My Targa 4S comes in August!

I consistently discussed with my children that savings is so important when you are young.

When you "don't" spend $1,000 when you are 20 , you can spend $20,000 when you are 60!

This is assuming 8% return.
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Old 06-14-2022, 11:41 PM
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No savings…just levered to the hilt!
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Old 06-14-2022, 11:43 PM
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Originally Posted by tomingrassia
I would not spend more than 5% of your net worth on a Porsche. You will enjoy it much more when it does not change your financial situation significantly.

My Targa 4S comes in August!

I consistently discussed with my children that savings is so important when you are young.

When you "don't" spend $1,000 when you are 20 , you can spend $20,000 when you are 60!

This is assuming 8% return.
Why do you care how much of my net worth you spend? 🤣
——
And the $20k at 60…I guess that’s assuming one lives to 60?
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Old 06-15-2022, 12:05 AM
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Originally Posted by neverlose2022
Hello Everyone,

It is very likely that we are heading toward a recession. Mortgage rates will be pretty high in the next 2-3 years.

thank you
You ain't wrong, brother!
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Old 06-15-2022, 12:06 AM
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Originally Posted by tomingrassia
I would not spend more than 5% of your net worth on a Porsche. You will enjoy it much more when it does not change your financial situation significantly.

My Targa 4S comes in August!

I consistently discussed with my children that savings is so important when you are young.

When you "don't" spend $1,000 when you are 20 , you can spend $20,000 when you are 60!

This is assuming 8% return.
Welcome to Fidelity! Press 1 for English, 2 for Spanish.
If you know the extension of the person you're trying to reach, press 69, followed by POUND. lmao
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