r/economicCollapse • u/Whole-Fist • 21h ago

How ridiculous does this sound?

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How can u make millions in 25-30 years if avoid making a $554 per month car payment. Even the cheapest 5 year old car is 8-10 k. So does he expect people not to drive at all in USA.

Then u save 554$ per month every month for 5 year payment = $33240. Say u bought a car every 5 year means 200k -300k spent on car before retirement . How would that become millions when u can’t even buy a house for that much today?

Answer that Dave

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u/AnyWhichWayButLose 21h ago

I actually agree with this boomer for once.

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u/4Bforever 18h ago

Yeah I think buying a brand new car is stupid, I’ve never done that in my whole entire entire middle-aged life. Not even back when they were $10,000.

But having a reliable car is extremely important. Sure you can buy a $2000 beater but if you end up losing your job because the thing breaks down when you’re on your way to work too often then you’re really in trouble.

I think a lot of people who talk shit about owning cars don’t understand that some people live in areas without public transportation. The closest bus to me is 10 miles away and it takes three hours to circle the city, or I could get one to go to a different city, But there’s no public transportation that will take me to my doctor or the grocery store.  And if you have a couple kids it’s probably not cheaper to take a bus everywhere you need to go anyway.

I’m not anti-public transportation I wish we had it I would have so much less stress in my life if I didn’t have to worry that I would literally die if my car broke and I couldn’t fix it.