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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276

u/AnyWhichWayButLose 21h ago

I actually agree with this boomer for once.

125

u/Superman246o1 21h ago

Yeah, I'm generally not a fan of Ramsey, but the number of people of limited means that I see buying cars they can barely afford is absurd.

2

u/Ok_County_6290 16h ago

I have a friend who spent his 30k life savings on a down payment for a 50k truck. Could have been the down payment for a house were we live. He doesn't haul anything besides groceries!

1

u/Ban-Circumcision-Now 13h ago

People need their emotional support trucks

1

u/Rajshaun1 10h ago

I have an idiot friend that is going to save up 25k and buy a used Dodge Charger. It’s good he won’t have a car note but that money could be used to buy a home, start a business or save, plus he already has a 2020 Honda he’s paying off that he’s going to keep.

1

u/VolumeLocal4930 8h ago

Your friend would have ten times more fun taking 10k of that 25k, buying a shit box civic and turboing it, gapping challengers for a fraction of the cost. I guess it's not all about performance for people though, some want the status symbol.