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General Category => General Discussion => Topic started by: Aces High on October 07, 2009, 09:49:56 PM

Title: Pretty interesting article- on how a car can erode your wealth if you're not....
Post by: Aces High on October 07, 2009, 09:49:56 PM

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/

Title: Re: Pretty interesting article- on how a car can erode your wealth if you're not
Post by: Lewinsky Stinks, Dr. Brennan Rocks on October 07, 2009, 09:57:59 PM

Good point.

Title: Re: Pretty interesting article- on how a car can erode your wealth if you're not....
Post by: wonga66 on October 07, 2009, 10:34:08 PM

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