Quote:
Originally Posted by SakhirM4
I personally never made more than $85K and my wife never more than $75k, so between us, we never made more than $160k gross. Of the 18 BMWs (that's over 40 years time), 7 of them were new and the oldest was 6 years old (a 1998 540i we bought in 2004 as a second car). Our house is paid for, our cars are paid for, we have no debt at all, and $400k+ in savings. You don't have to make megabucks to live comfortably when you spend smartly. But that's just me.  |
This is amazing to me. I've been making over 6 figures for over a decade, so I
should have close to a million bucks in the bank right?
WRONG!
I put as much away as I can, in both a ROTH IRA, my wife's 401k, and my stock portfolio, but I should probably put away more. I'm still 20+ years away from my retirement, but I would LOVE to retire early. I've had 4 BMWs and 2 Audis between cheaper Japanese imports, and so far the F80 is my most expensive car at around $80k. As I get older, I think a CPO M cars are the wiser choice, along with a sensible daily driver.
Anyway, congrats to you Sakhir, I hope I'm in as good position as you in the future and still driving a M car!