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Old 12-11-2017, 03:57 PM   #21
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8 out of 10 for me... I am a DIY investor and I am a-ok with carrying a mortgage, especially at the low interest rates we have had over the last 10+ years.

Job stability was a close call.... I had 4 employers during my career for 3, 6, 12 and 13 years.. other than vacation time and perhaps a couple weeks off between jobs I was consistently employed... in fact, for about two months I collected two paychecks.. one was salary continuance from a former employer.

I was LBYM and saved and invested consistently in no-load, low-cost equities and didn't ever raid my retirement savings... that was it.
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Old 12-11-2017, 04:02 PM   #22
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Originally Posted by karen1972 View Post
#7. You take someone who saves $30k at the age of 30 by buying a used Camry vs. a BMW.. invested over 35 years @ 6.5% gives you $270K. How many people realize that BMW cost them a quarter million dollars... thats one expensive decision.
We always drove nice but modest cars... my fanciest ride was a nice used Mitsubishi Diamante...meanwhile BILs drove Mercedes, Audi, BMW, Saab, Volvo, etc. and are all still working.
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Old 12-11-2017, 04:06 PM   #23
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The BMW dealer around these parts has a knack of turning an oil change and brake pad thickness inspection into a $5,000 repair job.
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Old 12-11-2017, 04:14 PM   #24
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Why is it always a BMW. Why not a Mercedes, F150, corvette, or Cadillac?
So, how do you like your BMW?
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Old 12-11-2017, 06:53 PM   #25
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I have had well over 100 new cars, and most were because I was a road warrior for an auto manufacturer visiting dealers. They were furnished and the cars we bought were employee cost.

We were fortunate to live in a very low cost of living region where our three 4000+ square foot houses came with monthly payments between $570 and $760 per month. No state income taxes and cheap power rates also helped.

We maxed out the 401e and IRAs (before Roths) for 36 years and time was good to us. I would go to the business library and study all the available FIDO funds monthly--investing in only the best ones. And I was fortunate to have Cadillac benefits including HSAs and a RHSA account to pay healthcare for 7 years before Medicare. And it is nice to have a defined pension too.

I just hate that RMDs are coming up before the money is going to be needed.

We have permanent custody of a 6 year old granddaughter and are praying for good future health. Next up is setting up trust funds and new wills to protect her the next 20 years.
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Old 12-12-2017, 03:01 AM   #26
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So, how do you like your BMW?
Love them all, especially the M’s.
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Old 12-12-2017, 05:46 AM   #27
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Studies find BMW drivers are perceived as the rudest and most entitled.

https://wheels.blogs.nytimes.com/201...tudy-suggests/

“Despite its good brakes, a BMW will usually stop with a jerk.”
The ol' "difference between a porcupine and a BMW" joke......
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Old 12-12-2017, 08:37 AM   #28
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So, how do you like your BMW?
I have never owned a Toyota or Honda. Do I lack some kind of gene?
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Old 12-12-2017, 08:42 AM   #29
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Love them all, especially the M’s.
Yes the Ms are special.
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The ol' "difference between a porcupine and a BMW" joke......
Yes but with a convertible, everything is outside...
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Old 12-12-2017, 02:54 PM   #30
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The BMW dealer around these parts has a knack of turning an oil change and brake pad thickness inspection into a $5,000 repair job.
20+ years ago a coworker bought a used Mercedes and sold it in two years because every time it went in the shop the bill was at least $1k.
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Old 12-13-2017, 02:40 PM   #31
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My advice on another forum to someone who had only owned Toyotas but now wanted a particular BMW SUV was...lease.

That model had terrible reliability ratings out-of-warranty, so why not enjoy it for awhile but then let it be somebody else's problem?

For most 'toys' it's better to rent than buy.
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