LMAO say goodbye to 7 years of your life

why do so many ppl care ab materialistic things like why believe that u need ur dream car right now?

Man if y'all don't get y'all subway riding a&&es outta here with that "Buy a property!" "Invest that money" stuff.

Homie is 22 years old. Let him get a car...not this BS because this is stupid...but let my mans get him a whip so he can hit the clubs when Covid is done.

The problem with debt payments like that is that if you can rationalize debt in one area of life you can probably do it in others. Then all of a sudden you have finance payments on cars, credit cards, technology, furniture, loans, etc etc. Having all those payments is going to divert almost all of your income to those bills and you won’t have anything left over to save and build WEALTH. Having a nice looking car isn’t going to make you wealthy.

I had $22k in credit card debt at one point and that was a b****. When I financed my last car (a 2014 Subaru Outback, nothing special but reliable and gets the job done), I financed it for 60 months but I paid it off in 7. I absolutely despise having debt and payments. Granted I have a fat mortgage now but at least that replaces rent and I am building equity in an appreciating asset that will house myself and my family for many years.

We buy things we don't need with money we don't have to impress people we don't like. - Dave Ramsey

Unless he’s making six figures buying a BMW i8 at 22 would be absolutely moronic. It’s not about buying property right now for him - if he buys that car he won’t be able to buy a house for the next decade, at least. He’d be setting himself up for failure. You should always be planning your life out 5, 10 years at the minimum.

OP should get a car, if he needs one - just one that he can reasonably afford and preferably pay for in cash.

He's 22 years old though. Can he enjoy his life a bit first?

Also could you reread my post where I said "Not this bs becuase this is stupid?" I agree he should not buy this car. Get him a nice beater

a car? yeah

an i8? youre an idiot, have fun tryna look rich but not be it lol

Yo reread my post and highlight the part where I say "not this BS because this is stupid"

You must be joking

???

Son we gonna be in an AOC presidency by the time you get out of that contract

This is horrible advice

Not really, but okay. I literally said don't buy the car. Dude is 22 years old and y'all want him to be saving up to buy a house.

Let him have some fun and live for a second. Damn

Yo why y'all can't read?

"not this BS because this is stupid" did you not see that part of the post?

yeah that's why I deleted it before you responded

honestly I wouldn't even feel comfortable driving a i8 that I financed for 87 weeks. It's not that dope flexing s*** like that when it's obvious you can't actually afford it

Someone teach that Certified Lover Boy!

You can have fun and live life without spending money like a moron. Budget a certain % of your income to frivolous, miscellaneous items but also budget a decent % for savings. He should 100% be saving for a house at 22 - as should you and everyone else on this forum. With the savings rate of most people you’ll need to save for years before getting a decent down payment, and then traditionally you’ll have a mortgage payment for thirty years after that, unless you can afford the higher payments of a fifteen year mortgage or pay off the mortgage early.

If he starts saving at 25, buys at 30, all of a sudden he has mortgage payments until he’s 60. F*** that!

Start at 4:47 in the second one

Let him live a little and eff off a few racks if he wants to. He's young. He can bounce back. You sound like one of them memes talking about

" Man I wish I still had that 20 dollars I spent 5 years ago"

I own a half million dollar home at 25. No other debt. Grossed $120k last year. Is my advice more valuable, or yours?