Thread: Suze Orman
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      10-01-2012, 12:51 PM   #12
Optherion
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Quote:
Originally Posted by 03BeastCharmer View Post
That guy can't afford that car, but I also don't think you need to take home (net taxes, health insurance, 401k) $9,500 to buy a used M3. $5,500 ish is probably enough unless you live in crazy markets like LA and NY where housing is outrageous.
Well I say $9,500 a month minimum for myself. Thats what I was making when I bought my first M3. Living in southern CA. I am self-employed and of course pay my own health insurance and invest for my own retirement. After a mortgage, utilities, misc insurance, emergency fund, Gardner etc. there was little left even then for an m3 payment. Depends where your priorities are and if you want to live in an apartment vs own a home.
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