If this sounds like Ai I just rambled on voice text while driving and let it clean it up lol. I’m 26, currently finishing my finance degree at WGU, and I'm a videographer.
The Financials:
- Income: Making about $55k – $60k/year from day job, extra $10k-$20k on side projects.
- The Pile: I’ve saved up $50k in cash, $10k in crypto, and $5k for an emergency fund. ( moving savings it to a high-yield account this week).
- The Debt: Payed off my car last week and have $2k left in student loans
I really want a Tesla. I'm looking at used ones around $28k. With the Mazda trade-in, it would be 14k and would add an extra 3k down. Only owing 11k
The Long-Term Goal: I want to buy a house here in Las Vegas in about 3–4 years. I can afford a down payment but want to grow my income before buying.
So, what I’m wondering Is this a trap? Am I just justifying "lifestyle creep"? I have a payed off car which works fine, I know the BEST decision is to just rock with the car I have (2018 mazda 70k miles). I don't really care to have a new car, I just want an electric car. If it's not electric, I'll just chill with what I have. Is it so a D-tier bad decision or an A-tier bad decision?