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> Nobody is getting rich driving a beater car over a new-ish Toyota. Driving a beater won't make you rich, but buying new cars every 3 years makes you a lot le
by ogre_codes 7y ago
> Nobody is getting rich driving a beater car over a new-ish Toyota.
Driving a beater won't make you rich, but buying new cars every 3 years makes you a lot less rich. When you have a $600+/ month car payment and you get laid off, it's a lot more stressful than when you own your car free and clear.
I don't buy beaters, but I do buy cars, pay them off quickly, and enjoy them for 8-10+ years. When you don't have a car payment you have a lot more discretionary money to enjoy on nice things and it's a lot easier to save for retirement.
- perl4ever 7y agoTrying to make decisions for the next 30 years is pointless. If you signed a contract that said you'd get a cool million if and only if you had a latte every day and traded your car every 3 years, I guarantee you wouldn't make it. In fact, I think that's the best life advice that I don't notice people giving - try not to make decisions for multiple decades at a time because you will change over time. The way you know you're young is you haven't realized yet that in "a few" decades you will be old.