Author Topic: Pretty interesting article- on how a car can erode your wealth if you're not....  (Read 659 times)

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Offline Aces High

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careful.

When ever I get the itch to buy a new car, I just think about how that money would be better put toward the mortgage.  Some of these cars are really fast, and hight tech, so it's super easy to fall into the trap of buying one.  If you have a car that looks good, runs good, with cold air, what the heck, just keep it.  The car companies want you to think it's only natural to take a 5 year loan out, every 5 years, to purchase a new car.  Why erode your wealth, if you don't need to?

http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/


Offline Lewinsky Stinks, Dr. Brennan Rocks

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Good point.

Offline wonga66

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"A man who does not own a car does not realise how great is his mazal!" (Rav Avigdor Miller).