29/Male/Single My monthly expenses are quite minimal, mainly comprising utilities, HOA fees (which include gym access), and health insurance. I pay all the expenses when I go out on dates. I have approximately $150,000 in investments (VTI) and around $50,000 in my emergency fund. House (4 bedroom, 3 bathrooms) was a new project that ended up being 350k in total (I live in LCOL with extremely low property taxes). FIRE lifestyle sounds boring AF for me and I'm not really interested in acquiring more properties. My parents' homes are entirely paid off. I do my best to encourage them to take vacations, but as some of you may understand, immigrant parents can be quite resistant to such suggestions. Would be nice to reach 1M NW by 35 tho. Thinking about buying a used Lamborghini Gallardo Spyder or Huracan and keep investing the rest of my salary (will be roughly investing 70-80k per year after taxes). Prefer to drive my 16 years old beater than buying a Toyota or Honda so save your car recommendations. For those of you that don't have kids or live in places where houses are 1.5-2M... what the heck you do with your money besides continuing to invest? TC: ~200k (pure cash, no RSU BS) NW: ~550k
Travel!
Tekoin corp ?
Time to buy a bigger house. Get back in the race you rat!
Nope. Time to have kids.
Take your own advice and travel. Avoid the conspicuous consumption that the fancy sports car would be. It’ll attract all the wrong attention. Buy a good quality car when that beater starts to be a problem. You’ll feel damn stupid on the side of the road broken down with 150k in the bank (I know this from personal experience). Anyway I have no kids, my house is paid off. I’m married and we travel a lot, I use every drop of my PTO. We easily can take up any hobby we are interested in and take a classes at local arts and vocational schools in non-tech things - glass blowing, painting, weaving, welding, woodworking, etc. Rather than a car when the house was paid for we built a large detached building as a studio space. But, get out, see the world - experiences are the best things that money can buy. If you are really stuck on the high performance car experience don’t buy it - go pay for a course that lets you drive a super car on a closed circuit.
+1 no to fancy car
Burn it down and start again Never settle
Time to buy one more that’s and rent one of them.
You now need to find a high quality partner for you, one that complements your skills and adds value to your life, and you to theirs. This partner will help you see what's next, BUT, if you choose poorly... this partner can wreck your world. Good luck !
OPs Lambo is gonna attract all the wrong kinds of people towards them. Finding a good partner would be 10 times harder after that.
I have commitment and trust issues after my last long term relationship lol. Now I just date for fun to have a good time but I definitely feel you.
Don’t buy a “look at me …I’m a douche” car. If mortgage is paid, focus on experiences and continue to grow your investment portfolio. You don’t need to chase a bigger house either. That can come after you settle down with a family. Perhaps time to focus on starting a family?
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Good. Now pay off my house.