A Reddit user, having $4.8 million and a paid-off home, is considering purchasing a $300K vehicle. At 42, he hopes to find happiness through this purchase, reflecting on past joy from fancy cars. With a secure financial basis and an expected inheritance, spending this amount is not seen as a threat to his financial health. His investments can yield significant income, and he is not planning on retirement, indicating he can maintain both lifestyle and financial growth.
In the Reddit user's situation, it seems pretty clear that he should purchase the car. He's explained that he has had fancy vehicles in the past that made him happy every day, and he believes that this new car will do the same.
Having $4.8 million at 42-years-old is a great start toward building wealth, and if invested carefully, the OP could generate $177,600 in annual income from this account for the rest of his life.
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