Quote:
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Originally Posted by shivaswrath
Quote:
Originally Posted by bodonx
Simple rule:
Do you have > $1M liquid that can generate income to cover daily living cost?
If no, then start with 3 series first
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Even if you DO, M5 is pretty steep.
Your monthly income is more important than your liquid net worth since most people finance cars - if you buy an M5 cash and have ~1M liquid with interest rates this low, probably doesn't make sense. |
Never put liquid in CD.
Stock market can easily give avg $80-100k/year from $1M. More than enough to finance/lease M5.