Never understood why anyone who still has to work 40+ hrs a week would buy a $150k car.
Would you rather have something that gets $20k less valuable and costs you $10k a year in insurance...
Or something that gets $10k a year more valuable and makes you $10k a year...
Would you rather have something that gets $20k less valuable and costs you $10k a year in insurance...
Or something that gets $10k a year more valuable and makes you $10k a year...
The worst decision you can make for your long term wealth is buying stuff like this in your 20s and 30s...
Unless you have $10MM+ net worth and $3MM in the checking account it doesn’t make sense.
Even then I would never do it.
Unless you have $10MM+ net worth and $3MM in the checking account it doesn’t make sense.
Even then I would never do it.
It’s the $150k Porsche 911 for the 30 yr old entrepreneur with a ~$1MM net worth and it’s the $70k F150 platinum for the contractor who had his first $200k year...
People make money and WASTE it on depreciating luxuries.
People make money and WASTE it on depreciating luxuries.
And the difference in net worth 20 years later is STAGGERING.
If you don’t have stupid money and the ability to stop working forever these things are completely ridiculous.
Those “luxuries you deserve” will cost you the life you want when you’re 50.
If you don’t have stupid money and the ability to stop working forever these things are completely ridiculous.
Those “luxuries you deserve” will cost you the life you want when you’re 50.
And to the folks who say...
“Life is about having fun, you can’t take it with you, what’s it all for”
Do you still have to get up and work on Monday? If the answer is NO then do what you want.
If you’re trading your time for money then buying these things is STUPID.
“Life is about having fun, you can’t take it with you, what’s it all for”
Do you still have to get up and work on Monday? If the answer is NO then do what you want.
If you’re trading your time for money then buying these things is STUPID.
All that to say but I do understand it.
The ego pulls at you.
It’s not easy watching your friends who make way less money than you do live in a nicer house w nicer cars and go to nicer restaurants...
Trust me, I’ve been feeling it for years!
The ego pulls at you.
It’s not easy watching your friends who make way less money than you do live in a nicer house w nicer cars and go to nicer restaurants...
Trust me, I’ve been feeling it for years!
But my 2017 caravan I got in 2018 for $14k gets it done for my family and I’m pouring all that extra cash into assets that will allow me to do whatever I want with my time 10 years from now.
Oh, and memorable experiences with people who matter. That’s a good place to put your $!
Oh, and memorable experiences with people who matter. That’s a good place to put your $!
Also - try getting a good deal on a piece of real estate if you pull up to the tour in that car!
Or collecting rent checks from your tenants, or meeting with anybody selling you anything!!!
Or collecting rent checks from your tenants, or meeting with anybody selling you anything!!!
One more thing, the neighbor kid drilled my car with a frisbee a few weeks ago.
I smiled and tossed it back.
I smiled and tossed it back.
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