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if you make $6000 per month after taxes..

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Old 12-04-2009, 07:34 AM
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Originally Posted by Tuan85,Nov 30 2009, 12:54 AM
save up and buy a house.
BAM. x a kajillion.

as for car, get something cheap, the rookie mistake is pissing away money the moment you get it.
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Old 12-04-2009, 07:38 AM
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This thread is uber fail.

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Old 12-04-2009, 07:39 AM
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Originally Posted by camuman,Dec 4 2009, 08:34 AM
get something cheap, the rookie mistake is pissing away money the moment you get it.


Eleven years into my career, while my income's steadily growing, the amount of money I spend on cars is steadily decreasing as I save more and find other things more worthy of my hard-earned dollars.
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Old 12-04-2009, 08:01 AM
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[QUOTE=SAIYAJIN,Dec 3 2009, 09:51 AM] Sorry knt, but then you're not at one of the top consultancies.
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Old 12-04-2009, 08:11 AM
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Originally Posted by PedalFaster,Dec 4 2009, 08:39 AM


Eleven years into my career, while my income's steadily growing, the amount of money I spend on cars is steadily decreasing as I save more and find other things more worthy of my hard-earned dollars.
That's a good point. When we started making money we held on to our old cars for a while and saved our money. Then we bought a house and saved some more and bought a reasonably priced Honda, and then saved more and when there was a surplus after putting quite a bit away I bought my toy.
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Old 12-04-2009, 08:14 AM
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And Saiyajin, your car is an interesting choice for a principal. Also, I believe your dollars are in Canadian which makes a bit more sense.
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Old 12-04-2009, 09:37 AM
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as a rule of thumb, you should not spend more than 10% of your monthly on car payments, so 6000*.10=$600. so buy whatever you can afford to buy with this in mind.
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Old 12-04-2009, 09:57 AM
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Originally Posted by SAIYAJIN,Dec 4 2009, 05:07 AM
Only if you're slow

Trust me; 2 years out of undergrad and you'll be at 100K+ easy
Isn't 2 years a bit aggressive? There's those that can, but thats few and far between.

It seems like you get paid 100k after 4-5 years of exp, but that may just be me. 1st year out of school start around 60, so a 40K jump after 2 years is pretty damn significant even if you large bonus opps.

Principals are a different story since a lions share of their pay is primiarily determined on their sales goals, and this year hasn't been too kind for many in the consulting side. But overall, not really expecting any type of drastic pay increase at least in the short term.

Back to OP - don't buy a car for at least a couple of months. I think it takes a couple months of purchases and expenses to see how much you really need your desired lifestyle.
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Old 12-04-2009, 11:35 AM
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Originally Posted by PedalFaster,Dec 4 2009, 11:32 AM
would you get $900 a month more enjoyment out of a GT-R or 911 than you would out of a used S2000?
Absolutely.
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Old 12-04-2009, 11:54 AM
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Originally Posted by SAIYAJIN,Dec 4 2009, 08:27 AM
I'm actually not very arrogant in person. Just pushing buttons on an internet forum for fun - sorry if this upset you...
That's obnoxious. Money can't buy class.
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