I made the most ever 46K last year. I think that is good enough.I think that's relative to a lot of young ppl these days.
One of my friend groups is clearing 300-400k from one or two sources of income and we consider that to be GOOD money at this time. (We are all in Enterprise tech sales/IT)
Another friend group is in the 100-150k range and they are very happy as well.
It's very subjective I'll admit. We live in DC/Northern VA where COL is absurd. So clearing anything over maybe 200k is considered good money here.
I plan of buying a $45k Bronco but its cool because I made $46k last year. The payments will only be 13% of my income. No big deal. Its different when you dont ever plan on selling it or using its value in any way.I've always heard as a rule of thumb that whether you are purchasing a car for cash or financing it, the price of the car should be no more than 35% of your annual gross pay.
So if you are buying a $50,000 Bronco, you need to be making at least $143,000 per year.
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