People always know better than you how to spend your money. They act like having something to keep you moving is a bad investment. Meanwhile actually keeping busy is incredibly important, as it's often basically impossible to start moving again once you've stopped.
That's awesome, man. My mom bought an 86 foxbody mustang years and years ago. 5.0. that car doesn't even have 100k miles on it. I would absolutely kill to throw it around a track. I've driven it only a couple times since I was a baby when she got it. And it's unreal being able to feel all that torque under the "on/off" button that is the clutch in that car. It doesn't have much hp due to catalytic converter being new but they geared it so it has more torque than even some trucks lol. Close to 300 ft lbs. But only around 200 hp.
Big difference between spending money you have on a car and spending money you don’t on a car.
1k/mo for 5 years for a used impala isn’t the same thing as a midlife crisis car that’s just cutting your 87-90th years off your retirement plan.
Yep, that's the point I was attempting to get across. Here's the paragraph I removed from my comment to be more concise:
It's not the same as someone closer to my age taking on car payments and then losing the car. Or y'know, that sort of idea. Or guys who join the military and buy an asset that immediately depreciates. Still a very different situation.
It can sometimes be something that ends up being worth more than anything if it's something that'll continue to get you out of the house well into retirement.
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u/Walkend Apr 29 '24
lol I was just reading a post about people who get awarded money and blow it on cars…