Cars Are Great, But They Can Erode Your Wealth
For many of us, a car is a necessity. With our sprawling cities and an often lacking mass-transit system, unless you live in the heart of a relatively large city, you need a vehicle. While important, a vehicle is also one of the biggest wealth destroyers out there today, cars carry a lot of expenses. Just look around. What are people driving, and how much are they spending? It isn’t uncommon to see multi-car households with over $100,000 worth of vehicles parked in their garage. And they are rapidly depreciating assets on top of that! Cars can quickly eat away at your hard earned money and keep you from your goals of retirement or becoming a millionaire.
So, even though vehicles play an important role in many of our lives, and we need something comfortable and reliable, there are a few major mistakes you need to avoid when you’re buying a car. Just one relatively minor mistake can cost you thousands and put your other financial goals in jeopardy.
Dispatches From The Front 