Would it be nice or a bad idea to get a bike using all my liquid money?
Would it be nice or a bad idea to get a bike using all my liquid money. Technically not all, i’ll still have 15-20k liquid left but I’ll have my investments going on as usual and my emergency fund is safe…
I just don’t wanna get into the emi loop. The bike price - around 1.5-2L
Wdu guys think? Need some honest opinions… I’m 25.
Depends how much you got in investments and emergency fund.
At 25 I would spend 1.5L on a bike if my net worth is above 15L
Also it doesn't matter whether this money is liquid or not. Your affordability depends on your overall financial situation not just one bucket
What if I say I have a net worth of 3-4 L... But I do have a job and will try to switch and get a better one soon. Have 1.5 yr YoE.
It's not purely personal decision. If the bike is very important to you, I'd suggest splitting the expenses, maybe 60/40 or 70/30 with your liquid money and some of your investment if you have some liquid debt funds.
I mean it's not urgent. But yes, I feel that I'm 25 and don't have a bike. If I delay I might not get the confidence enough to drive on roads... It's not a need, it's a want I would say.
