Join Date: Apr 2013
Location: Melbourne, Australia
Ferrari Life Posts: 1,396
Congratulations on your new job. I remember that you are young, so now I am going to be a real old stick in the mud! It is not the money that you earn that is important, it is the money that you save.
When I was young, I should have bought way more property than I did back then. Years ago once we bought a house, then it was time for flashy cars, boats etc. If I could go back again, I would have bought many more properties as investments. Even if I had of got lucky and bought a gto, I probably would have traded it in on a new 911 porsche. Cars are depreciating assets, so can be a drag on your future lifestyle. If I could have spent the money that I spent on cars on investing in property instead, then I would easily have the funds to purchase many new supercars, or an investment classic such as a gto!
Have fun with cars but don't through away your savings. Realise that all of societies wealth flows into real estate. All of the stock market gains, industry gains etc, all eventually transfer into higher real estate prices. So, please buy into it when you can.
Ferrari - Corsa/Nero 16M
Past - 09 F430, 09 Cali