Quote:
Originally Posted by Now_Rudi
Quote:
Originally Posted by Hawkeye
I believe you have to make under $75k as an individual of $150k if you file jointly. If you have kids it stacks on to that.
I am surprised as many people have responded they are getting one as have. I guess a lot of people have cars worth 50%+ of their annual income? Either than or you have a entry 3 series and your spouse just has a shitty car?
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Keep in mind, there may be other factors involved here as well though. I make decent money, my car cost about 36% of my yearly income. I also have less than $5k total debt (aside from car). House is paid off, I'm single and my kids are adults living on their own. |
+1
Total net worth is a better metric. I have friends with a few million dollar portfolios and no debt (inherited money) that make 50-60k a year (salary) and friends that make 200-300k a year with little or no savings and some major debt.