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      10-04-2021, 02:34 AM   #45
g4ndr1k
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Drives: Toronto Red G80 M3 RWD
Join Date: Sep 2021
Location: Jakarta

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Quote:
Originally Posted by wtwo3 View Post
These general guidelines saying "10-15%" of your net income are stupid.

You need to consider your own priorities, goals and objectives, and determine what fits your lifestyle.

"10-15%" is like the 1% rule in leasing - totally meaningless and is meant for people too lazy to try and understand basic math/finances.

Case in point - If you make 100k a year but have 0 debt, compared to if you make $200k a year but have half a million in debt - does the 10-15% rule apply equally to both scenarios?

It's all based on personal financial situation, risk tolerance, and priorities.
Couldn't agree more, hence I bought it cash. Problem solved
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