> Am I in a good place?

Am I in a good place?

Posted at: 2015-05-24 
So I'm 19, I live with my GF. I make about $3k each month. I have a 401k, health insurance and all that. I just bought a Lexus IS350. I pay for everything I have, and I have about $4500 in savings. I graduated from HS with a 3.8. Am I doing it right?

At 19, sure. Independent, enough money to live on, although the Lexus on $36K/yr was dumb. Had you been 29 and asked the same question though.......no way. You're obviously a smart and capable guy, if you're not taking college classes now, you should be. If you're still making $36K/yr in 10 years with only $4500 in the bank (and that's where you'll still be if all you have is a diploma), you'll be miserable. Act now to get yourself ahead. Good luck!

No, not really bad but the Lexus was a really bad idea and you will need college but be bogged down in debt unless you actually did pay cash for your car. Your income is high for a kid but about half what most people make in later career so depends if you are in a dead end job.

Nope

Do not make a baby, or else you will be trading in that Lexus for a mini-van.[ and learn first hand what "depreciation" means ]

{ and a 3.8 means nothing without know what classes. }