View Single Post
      10-04-2019, 02:55 PM   #39
48Laws
Banned
705
Rep
1,908
Posts

Drives: '15 F80, '18 991.2 GTS
Join Date: Nov 2010
Location: East Coast

iTrader: (0)

Quote:
Originally Posted by Run Silent View Post
I believe you are probably misreading my post. While I personally hold no debt of any kind and don't believe in debt of any kind - I understand that my way of life is not for everyone. As such, I was merely stating that his numbers were higher than they should be. I think you also misread my 25% number, which had nothing to do with debt, but had to do with total asset value. The total FMV of all your depreciating vehicle assets shouldn't exceed more than 25% of gross household income. So, if a single guy makes $70K per year, then he shouldn't buy a car that is worth more than $17,500.

FWIW - I am a CPA and well versed in personal finance.
My post had nothing to do with you. I just provided more accurate information from my perspective related to depreciating assets. And I’m with you. You have a great financial mindset however, there’s plenty of qualified doctors that do malpractice.

Last edited by 48Laws; 10-04-2019 at 03:04 PM..
Appreciate 0