Re: Why do people spend so much time and money on cars?
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Because this is America and Americans are dumb and shallow.
I fully agree with you. Nothing dumber than financing a $70K Beamer and trading it in for $5K after driving it for 5 years and putting 100K miles on it.
This doesn't apply to people who purchase old beat up cars to fix up as investments. Those people are cool, and smart.
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This was stated earlier but I will repeat it, people don't buy cars as an investment. It isn't investment, they enjoy high quality automobiles.
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Checkraise, this is precisely what makes them dumb. You should think of every dollar you spend as an investment. If a purchase is not an investment, then it should be strictly for utility. A $20K car is fine for every human. A $20K car is strictly utility. A $70K (financed which means it ends up being much more) car is utility + $50K worth of worthless, superfluous crap.
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Why the hell should I think of every dollar I spend as an investment? What kind of [censored] up world do you live in where every purchase needs to be an investment or have utility. What the is the point of making money if you don't spend it on [censored] you enjoy. They don't hand out spots in heaven baised on how much money you left your kids.
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Satisfaction and pleasure are investments of the best kind, surely. There is nothing 'dumb' about spending money you can afford on your interests.
Ever eat out? Take a class for interest-only purposes? Take a vacation somewhere other than your own back yard? Wear a watch?!
OP is surely talking about over-expenditure. If you are spending within your means, spend whatever you want to.
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