Quote:
Originally Posted by fshubert
I guess it's a personal preferrence. I could buy the car but would rather get a brand new one every 3 years.
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So you just plan on making car payments for the rest of your life? That is not a good plan for accumulating real wealth. Instead the banks are accumulating your money.
However, I think your plan is fine if you have a net worth of $1MM. And I define net worth as all your assets minus all your liabilities.