NHRATA01 wrote:Look, I'm a car enthusiast too and it is an expensive hobby, one that few will understand and most certainly is not bogglehead-ian. But quite frankly the 911 is going to have to wait if you want to be financially logical here.
Although I think just about everyone has at least one "expensive hobby" about which they are enthusiastic. I don't get the car thing. I don't get the boat thing. But I get the aircraft thing. And the musical instrument thing. And I get the vacations, wine, and scotch things.
So even though I'm not a car person, I still know where the OP is coming from. I think most of us here do.
All it really all comes down to is:
1) Being aware of "wants" versus "needs". Prioritizing accordingly.
2) Cultivating a contentment with what you have
3) Not trying to keep up with the Jonses, who are likely broke anyway.
4) Being an adult. Telling your inner Veruca Salt
to take a hike.
I heard a great saying once about reaching goals such as financial freedom: It's not so much about what you're willing to do
to reach your goal as it is about what you're willing to give up
P.S. The engagement ring is only one of the many expenses you'll be facing during the whole marriage process. Don't forget about the wedding bands, paying the pastor (if you use one), the honeymoon, etc., etc., etc. Plan accordingly!