Ok, here we go... I am 25. I make $80,000 before taxes, with a 3% raise per year. My employer will contribute to my 401k 6% even if i don't match, which is ****ing awesome What I want to know is, how much of my pay check should I spend? 50%? 100%? I know ay my age, my assets should be more focused on savings and retirement. Of my savings, how much should I put into cars, hoes, and clothes? Basically Im looking for a ball park answer. Im going to create a budget soon and based off the answers I get here, figure out how much I need to spend in order to do things like attracting fine hoes, and possibly still retire at 55. I know this is running on but also, as far as I know I cant take out of my 401k until 65ish? If I did want to retire at 55, what would be the penalty for that?
You need to spend about 200% of your salary up until the age of 40 or your first divorce which ever comes first. At that point you will either kill yourself, declare bankruptcy, or spend even more to stay afloat.
At this age you can spend more money on hoes. It might be easier to just get an index of b****es than to try to keep track of individual hoes. As you get older you'll have to diversify and move some of that ratio over to a higher percentage of gold diggers.
I am 25. I make $80,000 before taxes, with a 3% raise per year. My employer will contribute to my 401k 6% even if i don't match, which is ****ing awesome What I want to know is, how much of my pay check should I spend? 50%? 100%? I know ay my age, my assets should be more focused on savings and retirement. Of my savings, how much should I put into cars, hoes, and clothes? Basically Im looking for a ball park answer. Im going to create a budget soon and based off the answers I get here, figure out how much I need to spend in order to do things like attracting fine hoes, and possibly still retire at 55. I know this is running on but also, as far as I know I cant take out of my 401k until 65ish? If I did want to retire at 55, what would be the penalty for that?[/QUOTE] <a href="http://www.gifbin.com/984639"><img src="http://gifs.gifbin.com/092010/1285147605_gangsta-money-bath.gif" alt="funny gifs" /></a>
I think you should a buy a really expensive car total it and get the insurance company to pay for it.
Max out your IRA each year and put at least 6% into your 401k. You'll be glad you did later. After that, having about 3 months worth of living expenses in savings, continue to save a bit, and spend whatever else you got! Especailly before you get married and your wife (or husband, who knows) spends all your hard earned cash.
Or how he got screwed on repairs...... http://bbs.clutchfans.net/showthread.php?t=214719 was wondering on how to smuggle diamonds out of his parents house.... http://bbs.clutchfans.net/showthread.php?t=209006 and finally why bad things happen to good people..... http://bbs.clutchfans.net/showthread.php?t=207716
Also, swim fins. For when you purposefully put the car note you can't afford into the next drainage ditch. After writing about your plan on a basketball internet forum. I hear BMW is offering some insane manufacturer-to-dealer incentives this time of year.
