Ideal Supercar Expense/Income-Net Worth Ratio???

I never heard of Mr Ramsey before I saw one of his bumper stickers on a rusted out Accord in the lot of my Fortune 200 employer

Her car is reliable and worth less than $2 k

I read about his approach, it lined up with what I was about in my 20s and early 30s.

After I went to B school I got more into planned risk taking and using debt to acquire rental property

 

Ideal ... unlimited funds and all of the cars.

 

I have listened to him sporadically for entertainment value, he preaches good common sense stuff for overwhelmed Thousandaires.

 

This is the correct answer I wish I would have just replied with this.

 

I have pulled what little hair I have left out trying to figure this out and justify it. Very difficult when you have OCD/Anxiety.

This forum is also the only please where a rational conversation can be had about this amongst thousand to billionaires. All the other boards are some degree of sausage wagging.

For me, I have also figured out that it is easier for me to 'chase' than to 'lead'. I do better when I am slightly in the hole, it sharpens my skills, I pay more attention, save more dollars, look for better opportunities. Within a few days i'll be back at 20% of net worth in cars, but 60-70% is liquid to some degree, and monthly overhead is minimal (no vacation homes, private schools, eating/drinking habits, etc).

To each their own but I am pretty sure motor oil runs through my veins, and I need to stop changing who I am, making myself fit into a box or comparing myself to other people. Because although 20% of your NW in cars is ridiculous, the other 70% is way more than someone my age has. That motivation, that drive to make that 20% a larger slice is what got me here, so unconventional as it may be, it is clearly working.

 

He is not wrong..however I would suggest to streach to 5k for something realistic..

 

5k is where you start to get something that is remotely presentable and has a chance of lasting

 

Supercars are about performance and are usually in the 200k - 800k segment at most. Supercars also dont have a limited production (except for special editions and such)