I couldn't agree more, Lilshow. Not just from a safety standpoint. How about enjoying the features of CarPlay for a change or heated/ventilated seats?Drive a 20+ year old car??!! Definitely not safe. You lost me there.Grew up food stamp poor. First job in a warehouse unloading trucks for the summer age 16, earned $767 in 1977. Been working ever since. College, law school, MBA. First professional job paid $31,000 in 1986. Always strived to work in highly complex work with high profit outcomes. Opened first stock trading account in 1988, lived well below means, invested in broad blue chips initially, now ETFs. Never borrowed, paid cash for 1st house after a disciplined savings plan (followed a spreadsheet that created savings goals). New worth of $1mm at age 40. Career took off, income over $1.5mm per annum. Live on 15% of that, rest is invested in stocks, ETFs. I drive a 24 year old GM car, net worth is now over $30mm. Still working at age 66. I love my life. Married a high school sweetheart. She grew up poor also. I’ll retire the day that I don’t enjoy working. The killers of wealth are leverage, stock concentrations in one stock (gambling), substance addictions, divorce, and keeping up with the Jones’. Fortunately, I managed to avoid all of them.
JordanIB's question is right on.
I never found frugality appealing or worthy of emulation. In fact, I hope that young people on this forum recognize that wealth accumulation and generosity/spending money/enjoying life aren't contradictory concepts.
I have literally a brand new Audi A8 (weekday car, not a weekend car) and I told my dealer to call me when the new one comes out (I think that the only new thing the 2025 model has is supposedly a different front grille) so I can upgrade.
Statistics: Posted by stay.the.course — Thu Aug 15, 2024 8:00 pm — Replies 4485 — Views 1182943