Please guide me
I am 26 year old doing IT job earning 1.3 lakh per month WFH job and savings/investments are 30 lakh total
I am thinking about buying car I am getting good deal at 16 lakh but my goal is to reach 1 cr ASAP
My current saving rate is 100% because I am living with my parents and have zero bills all I do is invest but I am scared what if I lose job what I will do and what if 1cr reach gets slow i don't want to buy any 10 lakh car bcz I liked that 16 lakh one only i need it for long term i don't use car at all tho
Markets down now (will be for a while i feel), so might be good time to put in money and buy car whenever you really want, deals will come later too.
Also I assume you fund car by loan, then losing job becomes a loss for you as you have to sell your investments at bear market for emi
Put in money (in investments)*
Yeah seems like I have to wait for atleast 2 years so without worry I can buy car thanks this car thing is so stucked in my mind ufff thanks again lets see I will wait for 1 year more
