I'm about to land my first job out of college and will be pulling in about 40k. According to my financial advisor...

They usually say gross, but I use 10% of net

ur gorss

Skip anything below a 600cc, you'll want to get out of 300cc like you wanted to get out of training wheels when you were a kid learning to ride bikes. That and you'll struggle with highway speeds.

>40k
>new grad
>6 months until student loan ass raping begins

Yeah, you're stuck with that 06 Camry for a while.

maybe he's one of the lucky ones with no student loan debt

>keep applying to internships
>nothing
>keep applying to jobs
>nothing
Am I stuck being a groceryfag forever?

what field are you trying to get into, user?

ur gorss as fuck man

ionan why you have to be gorss dude

Anything at this point. Hell I might just say fuck it all and apply to this welding job in the classifieds I read about over my morning coffee and toast. The worst that could happen is I get told "no" for the thousandth time, I'll take a decent paying manual labor job over being a broke loser.

did...did you get a bad degree user?

You mean like English or History? No.

There's just nothing regarding my field of study where I live.

Well that doesn't really answer the question, what field is your degree in, what have you applied at?

Was around 30k a year, then I quit my job to go to college and hopefully finish my bachelors.

I have a 2004 Chevy Cavalier, 5-speed LS-Sport. I paid cash for it back in maybe 2008? Paid $5000, $3000 of which was from the insurance payout on a totaled Integra and the other $2000 I had saved. My parents never believed in car loans, and I picked up that belief myself. The Cav wasn't my first choice, but it was pretty much the lowest mileage compact with a 5-speed that I could afford with cash money, and to seal the deal it had ABS brakes, which nothing else in it's price range had.

I consider that it turned out to be a pretty decent investment. It had about 60,000 miles on it when I bought it, around 130,000 now. Maintenance has been super simple and very cheap - 7500 miles between oil changes, 30,000 miles between air filters, and 100,000 miles between spark plugs - that's it. It only left me stranded once, in a Lowes parking lot with a failed fuel pump right around 100,000 miles. Geico Roadside Assistance towed it back home for me to put a new pump in it.

Every couple of years I pay a couple hundred bux to a "real" mechanic to make a stubborn check-engine light go away, and I've had to swap out a front wheel bearing. The most expensive thing I had to do was repaint it, after a decade of being parked outdoors in the sun caused the clearcoat to peel, but even that was only $800. If you took all the money I spent on this car, repairs and maintenance alike, and put it into monthly payments, I'm coming out way ahead of any new car payment. And hell, this isn't even a very good car! It ranks average to mediocre on most reliability reports. You've got a frickin' Camry, so your repair costs are likely to be even lower.

I also have a 2011 Suzuki TU-250 that I used to use as a commuter bike before I quit my job, now it just kind of collects dust & moss, but it easily paid for itself in saved parking fees alone during the time while I was riding it daily.

>riding a sportbike on a highway
Lel

honestly, I would say try looking at a call center even. the financial software company I work at pays 50k/year for level 1 support, which is mostly filled with dumb old people who barely know how to work a computer. places like that aren't too bad to work at, so it's worth a look

>There's just nothing regarding my field of study where I live.
jesus titty fucking christ user, there's no reason to be so damn cryptic.

Cuck

He's basing that statement off of what normies do with their money. If your biggest interest and hobby is car stuff, you can easily spend more than 10%.

Your advisor is correct, don't put more than 10-15% of your income towards a vehicle. If you save for a few years though, it starts to build up. It's not that you can only spend 10% of your yearly income on a vehicle, it's that you should save that 10% and save for a vehicle for a few good years. If you had that 40k/yr job, and saved 4k/yr for 5 years, that's 20k towards a vehicle, not to mention the possibility of promotion or raises.

>promotions
Hey OP, want an instant promotion?

Have you talked to an Army recruiter? Be ALL you can be... or be get a easy job like "orthopedic specialist." But if you have a degree, DO NOT let the recruiter talk you out of Officer Candidate School. Officers get treated a billion times better than enlisted(me) and make much more money.
Pic related, the type of people I get to laugh a every day.

stopped to be gorss

>you are not allowed to have fun until you are 60 years old
Kill your self my man

>being horribly poor
poor people stay poor for a reason.

Most of these people are lowballing or just very pessimistic about the future.

Made $12/hr cutting concrete in 95-115 degree weather 8 months of the Arizona year for >10 hours a day and >55 hours a week. Trust me, they will run you to death at almost any manual labor job like a nigger in the cotton fields, and if you can't handle it, they'll find some retarded fuck or a spic that will. They will find someone willing to work themselves to death with or without you. Put on the idea for working full time and college and it's basically living to get ready for work, being in school, or ready for bed. Outside of eating you will have nothing else in life but work and school, and that's how it was for me. Don't fool yourself into a manual labor job. If you do, demand no more than 40hrs/wk and no less than $12/hr. If they say you have to work more or make less, it isn't worth it, no matter how easy they make the work seem.

If you can't make a promotion in 3-5 years then I feel sorry for you son.
He makes 40 grand a year. If he wants to live in a house, or have another hobby, look into going back to school, save for vacations and traveling, etc. then he might want to look at spending less on a car. Simple matter of finances man, not everyone lives in a studio apartment.

Then again, more money of mine goes into guns than cars, so I shouldn't be talking. I'd rather drive a 2011 civic or camry and just come home to an arsenal of bullshit.

I work at a factory for $13.25/hr. Brakes on the clock. Work 40 hours a week. Weekends off unless I want the overtime. Just depends where you get hired, user. I generally spend 2 hours on break out of 8. Easy money.

>There's just nothing regarding my field of study where I live.

If you have a degree, and there's nothing in that field where you are, MOVE. You're NEET on Veeky Forums. Nothing's pinning you down. Find out where the jobs are in your field and buy a greyhound ticket. Your college's Alumni Office or Career Center can point you to where most people with your degree have luck get hired.

Ideally, you're supposed to have this figured out before you graduate. I know I picked my major specifically based on the jobs I can get in the region where I live. But then I had the advantage of a decade of contemplation between dropping out of college and going back.

Regarding going into welding, I would warn against it. The work is mostly going to be daytime, which is the time you should be spending job-hunting in your field. And long-term welders get health problems pretty bad. People who swear they wore full coverage gear every time and followed every safety precaution still end up weird skin and lung conditions after doing it long enough.
For a temporary job while you look for a real job, maybe consider delivering pizza? When I was a slacker college dropout, I never lived better than when I was delivering pizza and getting tips. Part time noobs always get put on friday & saturday night rush shifts, when the store is busiest, and if you're a good little delivery monkey and keep the customers happy, you can turn those 2-hour rush shifts into 8+ hour closing shifts every weekend, allowing you to make decent money to scrape by, while still leaving most of your valuable weekday free time to look for a real job.

Im in ausfailia. The only 600+ bike i can get while im a learner is with ABS

There is literally nothing wrong with ABS. Dont let any retard tell you otherwise. Its a bad meme. Besides cost and weight it is what it is. Personally i wouldnt pay more for it but i wouldnt avoid it.

For real tho most bikers are retards with bad habits who cant ride for shit. Be wary of anything anyone tells you.

>financial advisor

Are you dedicated to being a cuck?

t.busrider

>how much money do you make per year?
Base salary: $60,000
After factoring in overtime: ~$100,000

>What car do you drive?
2015 Honda Civic

>Was it a smart financial decision?
I have a 50-mile commute each day so it was necessary. I'm paying something like $280 a month for it so I think it was wise.

>Do you regret it?
Yes and no. It's a boring car but I needed it for commuting. I'd like to pick up a 2013ish Lexus IS for comfy commuting in a few years

>getting professional advice on managing your finances makes you a cuck

It's actually a pretty smart decision

Dude...youre kinda cheap. Live a little

>50 mile commute
I know this feel, just started a 60 mile round trip commute that takes about an hour each way with traffic.

%10 of montly income.. %10 x 12 .. %120 of your yearly income.. you can get a $48000 car, should be enough to treat yourself.

if you're not a normie who insists on having a brand new car you can get lots of fun stuff on a 40k salary. E46 M3s have kind of bottomed out in price.

Thats not how math works

60k/year and paid 10 k for an '08 civic si. basically i spend 50% of my monthly income modding it cause ricecar and keks. I'll sell it for something faster in a couple of years, but for now it's a fun car. Also I live with my parents. I'd do something more responsible with money like buy a house, but fuck it I'm in my 20's and if they keep promoting me at the rate they've been doing i'll be making six figures by the time I'm 30. I'm sure if I had a financial advisor he'd call me a fucking moron, but I'm not going to just hoard away my money until I'm 50. At that point, I'd probably just kill myself, because instead of enjoying the short life I've had, I'll have wasted my youth being a prude, virgin, cheapskate saving my money for what? For when I'm dead? Kek. My 401k will have close to a million by the time I'm 65-70. And why would I ever retire? that would be boring as fuck. And Here's some news: you can't take your money with you when you're dead.

$28k/yr. $800 Buick Century. It was a smart financial decision. I regret it and everything else in my life. Death can't come soon enough.

>%10 x 12 .. %120 of your yearly income
are you having a chuckle, bro?

Are they hiring? I'm making $14/hr, 29hrs/wk working at an inbound call center for a clothing company. Been there since 2012.

Keep the car
Buy a bike for 5K or less
Fuck bitches

I make roughly $20k/year and I'm paying off a subaru legacy 3.6R which I purchased for 19k. I've been paying it off early and I don't have too many regrets. Amazing car, it's pretty fun, and pretty luxurious.

I dont understand people who willingly put themselves in debt. buy a car outright and get basic coverage. you guy love getting dicked by the banks and insurance companies.

Or they want to build credit so that later down the road they can finance a house

both of these statements are true and that is fucking everything wrong with this world and economy

We need a new plague

What the fuck do you do?

We need a war. A nice global war.

>Just out of curiosity- how much money do you make per year? What car do you drive? Was it a smart financial decision? Do you regret it?

I started out at about your salary and bought a used 2006 Mini Cooper S. I live in a big city so I wanted something fun, small, and with a 6 speed. I was a little car poor for a few months and regretted it, and looking back it was dumb, but I enjoyed the shit out of that car.

I guess TL:DR it's not smart financially, but most hobbies aren't really.

>spending money on guns and not your car
Fucking what?

>40k a year after college
holy fuck, that's pathetic. I was making 60k / year at 19 and I didn't even go to college. degrees really aren't worth this these days.

Financial advisor? What the hell is wrong with kids these days.. do you also consult your bull to tell you how to fuck your women too?

40000 training for a 60000 promotion.

Fiesta st 24,000 $369 a month. I don't regret it because I enjoy every time I get behind the wheel.

Is this at Fort Campbell?

Welcome to America user.

user, I have to applaud you for at least consulting a financial advisor about this. It shocks me how many autists start threads on Veeky Forums about buying $60k cars on a $50k salary.

Having said that, I'm sorry to say but at $40k salary (before taxes I'm assuming?) isn't enough to go splurge on a car. You should probably ride out the Camry until you get promoted or get a higher paying job. That's not a knock on you...fact is that recent grads are pegged into these shitty paying jobs despite being more than qualified.

Hang in there...work hard, save up, and buy the car your heart desires after 2-3 years. The Camry will definitely last until then.

Oh, to answer the last part of your post: I'm 24, work in software development, pull close to $80k, and drive a used E90 335. Will probably sell this time-bomb when I get promoted.

Good luck!

95k. 2012 Avalon I bought used 6 months ago with 14,500 miles. Great decision. i drive a loaded poor man's lexus for less than $300 a month. When I was in your situation I drove the shit box for 3 years then bought a new car.

Dubs checked.

40K is pretty good for right out of college, at least there days.

How long is your commute? If it's a lengthy one, your car will wear out eventually. Give it a year, then start looking around for a more recent used car.

I make 70k CAD per year. I was driving an 05 TJ which I bought for 10k cash about 1.5 years ago. I saved up 30k, took out a 40k loan, bought a 2016 WRX, put the $9.5k I sold the jeep for towards the loan, and i'm comfortably paying the loan off now.

$70k maple bucks for a WRX? jesus christ on a shingle, you caribou fuckers get screwed on pricing.

I paid 37k for it. List price in CAD is about 39k, thats for the "sport-tech" package.

TRUMP 2016

I make a little over 110 plus equity, first job out of school

owned a paid off 2006 CRV that my dad got me while in high school, I still drive it as my DD. I make a $500/mo payment on a FRS on a 0 down 0.9% APR loan. I pay 1500/yr insurance 300/yr on tags and spend about 800/yr on maintenance because the CRV is starting to show its age

Was it a smart financial decision to buy a second car, of course not

Do I regret it no, 500/mo is a fairly trivial amount for me at this point

law enforcement

>getting professional advice on managing your finances makes you a cuck

Maybe not, but having an office job makes you a cuck.

Noice.

I'm driving a 2013 Honda Fit until it gets totaled or falls apart. Income is about to be $0 unless the college I'm going agrees to hire me (IT) before I start classes.

Ah, Saying you saved up 30k and took out a 40k loan for the car made it sound like it was 70k.

>muh finances
>muh stock production car
>76 replies.

these normie threads are so shit.

If you're a dumbass that doesn't know how to make fiscal projections, sure, but managing money is super easy. Especially so for someone with a degree.

nah.. not really.
projections yea, but as far as taxes, investing, etc nah.

>40k annual
>financial advisor
kek. no offence, in years i've made that i haven't really considered a need other than don't spend more than enough to pay rent.

Well good thing I don't have an office job

Yeah, let's go back to talking about your $2000 shitbox

>tfw manual labour job at $23/hr 37hrs/wk

easy shit famalam

yeah, it really is

You're literally jus dum

tfw this but company truck, ipad, cell phone, and gas card also

You can't just up and move somewhere with no money and no plan. That's almost guaranteeing failure.

If you are going to move you need to have nailed down a job and an apartment in the area you are going to move to BEFORE you go.

>you can't take your money with you when you're dead.

This

Make sure you save up enough for your funeral and leave it at that. Don't leave your shithead unappreciative grandkids 100k for them to blow down the drain.

just get a gsxr 600 they come with 3 power modes and one is for noobs.

I just got a $25,000 apprenticeship with $5,000 in savings. I'm looking for a car and I figured I would spend $2,500 on the downpayment on a $5,000, maybe $7,500 car. Since I don't have a credit card, I thought I'd just have my parents cosign to keep the interest low.

Now that they're involved, my mom insists I spend more so I can get a car built in the last 5 years with less than 50,000 miles because she thinks anything else will break down, and my dad wants me to buy from our local Carmax so he can get some kind of deal on the car he's selling.

So unless I want to spend out the ass on interest payments, I have to spend out the ass on a car I don't want that I'm likely stuck with as my only car for the next 5 years.

Kill me.

I doubt he's one of them if someone told him he has to keep his paid off car for "the foreseeable future".

whyvyou so gorss again

>How much
40k after OT

>car
2011 Mazda 6

>was it a good decision
Yes. My car was on the way out, needed a new one. Needed something that could commute and was decently sporty.

>do I regret it
Not at all. Learned how do my own maintenance and wrench a bit on this car. It's decently sporty, looks good, and dat comfort.

Why the fuck would you choose driving a new car over your own freedom? Just fucking drive a used car till you're making bank. Living with your parents is a crutch.

Americans of Veeky Forums I have a question specifically for you.

Why are minorities ruining race relations in the US?