80k is good money man.. Don't listen to the haters.

now the plan for a 3k sq. foot house, suv and the porsche could be stretching it a bit.

I don't think that's feasible on 80k a year. Maybe if your wife pulled in another 50k, then you could swing it, but "speaking from experience"
80 will be a stretch if you're trying to move into an 700k dollar home, 40k suv and 35k used p-car.

80k/12=6,700 a month. *28 % TAX = 4824 TAKE HOME

Motrgage on 700k (lowball) - 4600 a month.

Property tax - 7000/12 = 583 a month

Insurance on 2 cars and your house could be reasonably 3k a year (with that porsche) 3k/12 = 250 a month


Like I said.. 80k wont cut it, but a second income will do the trick. The Mortgage will be the killer. if you're buying to keep, a 30 yr fixed is still roughly 6.5-7% for a jumbo.

Good work on ballin at the new job though!!! I'd get rid of the golf and get the p car now!