Quote:
Originally posted by Randy Webb
Glad we agree -
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Definitely on this. I've been offered what many here would consider big money for an early car...more than 4 times what I paid for it back in '74. BUT...factor in inflation, especially the double digit years, then toss in what I've spent on maintaining the car..insurance, etc.? I'd be lucky if I "broke even". But that's just money...I also wouldn't have had the fun of owning the car over the last few decades. But for "investing"? NEVER a car. As you said, first a place to live...then look at investments that offer a potential for money growth. Financial happiness begins when you pay no interest. Rather, have others pay it to you. Sadly, some never learn this.