spencer on Nostr: Cars are not great financial investments 👍🏻 However, there is great utility in ...
Cars are not great financial investments 👍🏻
However, there is great utility in driving a car. It gets you and your family more experiences. It takes you places you otherwise wouldn’t be able to go/see. It keeps you safe, dry, warm, and entertained while you get there. It’s a place where core memories can be made.
So while I may have spent $55k on a car over a 5 year period, I don’t regret it for 1 minute and am thankful I was able to use cheap depreciating fiat to do it.
However, there is great utility in driving a car. It gets you and your family more experiences. It takes you places you otherwise wouldn’t be able to go/see. It keeps you safe, dry, warm, and entertained while you get there. It’s a place where core memories can be made.
So while I may have spent $55k on a car over a 5 year period, I don’t regret it for 1 minute and am thankful I was able to use cheap depreciating fiat to do it.
quoting note1nmp…65dcAfter 70 months of payments, you've got a paid-off car that you bought for $40k, that ended up costing you $55k (thanks to interest and insurance), that's now only worth $16k (thanks to depreciation).
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But stacking $500 worth of #Bitcoin monthly is considered risky. HFSP