My strategy goes something like this:
never finance for more then 3 years
my car will never exceed 20% of my annual income
never have the total cost of all my bills exceed 50% of my income
never finance an auto above 3% interest
I've owned 4 bimmers now, I have 12% of my income going into my retirement, I own my own property with a small home and I invest the other ~30% of my income into my families activities, hobbies, dreams and travel.
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