Quote:
Originally Posted by XutvJet
Why not make your investments actively support your car habits  That's what I do. A portion of our brokerage account dividends over the last 10 years have been used to buy our last 6 cars with cash:
2015 Outback, new, formerly my wife's car and now our daughter's
2016 M235, new
2020 4Runner, wife's car, new
2009 Cayman, used
2020 Mazda 3, son's car, used
2018 M2, used
We keep one full years gross salary in the money market account and then we skim off the top that for cars, home improvement, club sports, trips, etc. as needed. I could certainly reinvest those brokerage dividends, but we want to have some fun. Our other investment accounts reinvest.
Like others noted, people lack patience and want what they want now. Thing is, most people don't have the money and over extend themselves on cars, homes, clothes, whatever. It's sad really.
My wife and I are fortunate as hell to have what we have and what we can afford now, but it also took us 20+ years of financial patience, focus, and a bit of sacrifice to get to the point we are now. |
YOLO!
But you're right. Reality is the wife will spend whatever we make so may as well buy something for myself. Oh look at that, I just got a delivery from Fanatec .... goodie.