How can you afford the cost of a new SUV?

[Doubeleive]

yep, i'm poor probably have to work until the bones pop out of my decript flesh

 

[mountie]

if you like toll roads, lol get a fast pass or something, otherwise prepare to stop and fork it over every so many miles...or if you exit and get back on
at least in the mid-east coast area anyway

Fast pass on turnpikes here, and the cost is pocket change.

 

[mountie]

When I lived in Orange County, Calif., a toll road, between San Juan Capistrano & Costa Mesa. About a 15 minute stretch..... Last time I drove it...... $7.50 , if not higher by now. Good grief.

 

[vcode]

I agree wholeheartedly with this. I was in banking during the 08 crisis and watched people literally be ready to end it all because their retirement was gone.

Once again its all about balance. I hear alot of being frugal and i am in that sense as well but we bought our gentily used 21 yukon xl slt with 20k miles In August. We paid cash 65k cash otd and i dont regret it because our first road trip made me remember why i upgraded from the 2018 nissan armada platinum we owned. Space and comfort and me not having to put luggage on the roof rack by myself because my family of 5 had outgrown our Armada. Thats worth its weight in gold. We only pay cash for vehicles and havent financed one since our 20s.

Lastly i hear all of these talks about making 300-400k and talking about retiring at 65. Retirement is not an age, its a number. No one I know with money talks about retirement as an age. If you are debt free and making that kind of coin, you should have alot of disposable income after maxing out every retirement account known to man, maxing out your hsa, and even funding your after tax brokerage account. I know because i do this myself and we have so much left over disposable income. My wife and I make about 400k and are 38 and 40 and I couldnt even imagine working until 65 because retirement for me is a number, not an age. I will hit my number long before 65 and this one purchase doesnt change us hitting that number because we have enough cashflow to fund large purchases without it affecting our lifestyle or nest egg.

If you are young and making $400K like you are, you are spending like a drunken sailor if you need to work until 65 before retiring. I retired at 60 making 1/5 of that. But I can't justify a new Tahoe.

 

[Doubeleive]

Fast pass on turnpikes here, and the cost is pocket change.

ya there are no toll roads on the west coast, a select few toll bridges and some express lanes, but the regular lanes cost nothing
when I visited the east coast, I was like wtf is this shit lol

 

[Doubeleive]

When I lived in Orange County, Calif., a toll road, between San Juan Capistrano & Costa Mesa. About a 15 minute stretch..... Last time I drove it...... $7.50 , if not higher by now. Good grief.

was that a express lane? usually that's all there is if you want to skip thru all the exit's
and some of them are free if you have multiple occupants and set the fast pass for 2 or more, it can depend on the time of day as well

 

[Geotrash]

Your assuming the markets/your investments will pay. There is no guarantee of that. Ask the people that retired during a financial crisis which seem to happen more than once in a lifetime these days lol.


And some may never even live that long. Has to be a balance.

Yes, I am very well-versed on the risk and there are plenty of assumptions in my statements. I get that, but my point still stands that the downstream implications of spending $80,000 are significant for most of us work a day types.

 

[B-train]

Amen.

We make money here too and if I made 500k a year it wouldn't take much time at all to 'retire'.

For me and mine we live in the present. I loathe thinking about enjoying my life when I'm on deaths door. Would rather do it now. But obviously still responsibly.

65 scares me lol. 55 does too. 45 does too.

Too many people think of the finish line when all the memories happen during the race.

Anyways I wish everyone success in whatever path they find is right by them.

Thank you for a very well thought out, and meaningful contribution.

I like what you said about the memories happening during the race, not the finish line. I couldn't agree more, but learned that later in life than I would have liked. Moving forward, more emphasis on being intentional about now and the memories that come with it.

 

[Geotrash]

Thank you for a very well thought out, and meaningful contribution.

I like what you said about the memories happening during the race, not the finish line. I couldn't agree more, but learned that later in life than I would have liked. Moving forward, more emphasis on being intentional about now and the memories that come with it.

I agree with both of you. One more thing to add to the pot: living in the moment and being ready for the future when it comes aren’t incompatible. It’s a balance. And the older I get the more I understand how to make the most of both sides of that balance.

 

[Polo08816]

I agree wholeheartedly with this. I was in banking during the 08 crisis and watched people literally be ready to end it all because their retirement was gone.

Once again its all about balance. I hear alot of being frugal and i am in that sense as well but we bought our gentily used 21 yukon xl slt with 20k miles In August. We paid cash 65k cash otd and i dont regret it because our first road trip made me remember why i upgraded from the 2018 nissan armada platinum we owned. Space and comfort and me not having to put luggage on the roof rack by myself because my family of 5 had outgrown our Armada. Thats worth its weight in gold. We only pay cash for vehicles and havent financed one since our 20s.

Lastly i hear all of these talks about making 300-400k and talking about retiring at 65. Retirement is not an age, its a number. No one I know with money talks about retirement as an age. If you are debt free and making that kind of coin, you should have alot of disposable income after maxing out every retirement account known to man, maxing out your hsa, and even funding your after tax brokerage account. I know because i do this myself and we have so much left over disposable income. My wife and I make about 400k and are 38 and 40 and I couldnt even imagine working until 65 because retirement for me is a number, not an age. I will hit my number long before 65 and this one purchase doesnt change us hitting that number because we have enough cashflow to fund large purchases without it affecting our lifestyle or nest egg.

Amen.

We make money here too and if I made 500k a year it wouldn't take much time at all to 'retire'.

For me and mine we live in the present. I loathe thinking about enjoying my life when I'm on deaths door. Would rather do it now. But obviously still responsibly.

65 scares me lol. 55 does too. 45 does too.

Too many people think of the finish line when all the memories happen during the race.

Anyways I wish everyone success in whatever path they find is right by them.

If you are young and making $400K like you are, you are spending like a drunken sailor if you need to work until 65 before retiring. I retired at 60 making 1/5 of that. But I can't justify a new Tahoe.

An annual household income of $500k/year in NYC, SF, etc. is probably equivalent to an annual household income of $150-225k/year in a much lower cost of living area.