Growing financial wealth vs Buying vehicles

[Sugarphreak]

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[Disoblige]

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Best one here.

Buy whatever you want, so long as you can afford it.

This is the issue though. Not everyone has the same definition of what affordability means.

Additionally, which I think is an important point, is a lot of people don't see saving as important as how much money they make. What's the difference between someone who makes 125k/year but spends it recklessly vs. someone who makes 95k but is financially savvy and has their money working more for them? Some people can really utilize their money to their advantage more so than others.

[Chester]

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You can't win at life, it is just a bunch of stuff that happens and then you die. Key is to stop caring what other people think and try to make the most of it. Not baller enough... fuck you... too baller, fuck you too.

This.

[flipstah]

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You can't win at life, it is just a bunch of stuff that happens and then you die. Key is to stop caring what other people think and try to make the most of it. Not baller enough... fuck you... too baller, fuck you too.
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Only true ballers don't give a fuck

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This is the issue though. Not everyone has the same definition of what affordability means.

Additionally, which I think is an important point, is a lot of people don't see saving as important as how much money they make. What's the difference between someone who makes 125k/year but spends it recklessly vs. someone who makes 95k but is financially savvy and has their money working more for them? Some people can really utilize their money to their advantage more so than others.

Affordability is IMO, based on risk tolerance and your comfort level. But you're right, savings is important and savings>expense is always a safe bet if you can.

[msommers]

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Key is to stop caring what other people think and try to make the most of it. Not baller enough... fuck you... too baller, fuck you too.

It's solid, accurate advice...Much easier said than done.

[max_boost]

most of us are gonna be dead in 50 years anyway lol i dunno about you but being closer to 40 vs 30, it's a countdown for me now haha gotta make life count

[Sugarphreak]

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[Xtrema]

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Some good news on that Front, the average lifespan for a Canadian male is 80 now. So it isn't until you hit 40 that your life is officially half over.

I suppose you could argue that the last 10 years or so are going to be garbage quality... but then again, so were your first 10 years. A little give and take, but 40 still seems like the pivot point.

I'm past 40 and my quality of life is already on decline compare to 30s.

I can on longer enjoy buffets or wing nights. Hang over last much, much longer. And god forbid I twist or break something, recovery takes much longer.

YOLO, get some of shit over with when you are young and can recover easily from vs when you are older.

[chungstachung]

man you guys are awesome! Yeah I guess from my teen years up until the last few years i'd spend lots on cars, clothes, etc. Now a days i save quite a bit, read all the blog posts, finance books, etc. I certainly don't NEED a nicer car but WANT one. I've just developed the mentality that the longer I "hold off" buying something nice the more money i'll have to buy something "nicer". But lately started realizing that that timeline might be infinite and never ending LOL.

[rx7boi]

It's not infinite if your set your goals and reach them. If you reach them and then push them ahead and revise them with no actual intention to stop, then yes it may as well be never ending.

[Disoblige]

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I'm past 40 and my quality of life is already on decline compare to 30s.

I can on longer enjoy buffets or wing nights. Hang over last much, much longer.

Holy fuck, this is depressing to read.

[Sugarphreak]

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[max_boost]

Keep in mind I don’t think Xtrema lifts haha I truly believe strength training helps everything.

I do agree I don’t enjoy drinking and hangovers suck. MJ only for this guy or gin and tonic is ok haja

[msommers]

Hookers and blow for the older folks. Make Christmas arrive early this year!

[ExtraSlow]

Wait, so if 40 is the literal middle of your life, would ten years on each side be considered middle aged? Paging greydog.....

[Neil4Speed]

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There is a young guy that just started working at my office, he looks like he is maybe 22? Brand new BMW, and he is looking at buying a 100K porshe. People are going to hate on him, but fuck that... good for him. I'd do the exact same thing if I had that kind of money. I could get out the big dick measuring stick, or try to belittle him by looking up his mortgage at a registry, but I'd rather be happy for the guy. There isn't enough of that these days.

Well stated! One thing I will say is that I find that I get less enjoyment out of material things as I have got older. My father always told me - "you have to enjoy these things while you are young", and I am starting to think that is correct.

[That.Guy.S30]

I'm super disappointed in max_boost these days. He used to be the king of YOLO.

Just buy the car. Live and learn. You want something? Save up, work hard and buy it. Simple. Fuck all that saving up noise.

[BavarianBeast]

5% of my savings will be allocated towards vehicles.

[Manhattan]

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I'm past 40 and my quality of life is already on decline compare to 30s.

I can on longer enjoy buffets or wing nights. Hang over last much, much longer. And god forbid I twist or break something, recovery takes much longer.

Depressing indeed but it doesn't have to be this way. WTF are you doing still going to buffet and wing night. Drink less of the higher quality wine/beer. Enjoy less quantity but much higher quality when dining. There's a reason that fine dining portions are tiny - it's not meant to feed a starving college student. You should have developed something called taste by the time you reach 40.

[revelations]

What older, and some mature young people, find is that your self worth (or other measure of success) is not so much "what I own" but "who I am" or "what I do".

If your an absolute passionate car nut, at the expense of everything else, then yea you probably will blow a lot of money on cars.

But if its just buying cars because "they are cool and make me look wealthy" then your essentially defrauding your own future.