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re: People go into $50k of debt to buy a F-150 instead of investing in a low-cost Vanguard ETF
Posted on 5/3/22 at 10:11 pm to rickgrimes
Posted on 5/3/22 at 10:11 pm to rickgrimes
quote:
Why?
Some people want to enjoy life now. I don’t particularly care for an F-150, or any extravagant vehicle (mine has 165k miles and I have not even thought about thinking about getting a new one), but the exact same argument can be made for almost any non-essential purchase. Could I retire a few years earlier if I never spent money on any hobby like golf, fishing or hunting? What about if I don’t eat steaks instead of hamburgers, eat hamburgers instead of ham sandwiches, or take vacations instead of just enjoying the weekends at home for downtime? Of course I could, but I’d rather enjoy those things now when I am younger. Many people feel the same about nice vehicles.
This post was edited on 5/3/22 at 10:15 pm
1
Posted on 5/4/22 at 9:02 am to go ta hell ole miss
quote:
Could I retire a few years earlier if I never spent money on any hobby like golf, fishing or hunting? Of course I could, but I’d rather enjoy those things now when I am younger.
Hear you? Yes
Can many (not most) people do both, enjoy today and grow wealth for tomorrow? Yes
Opportunity costs cut both ways:
OVER enjoy life today and risk wealth power to do what you want, when you want, with whom you want, for as long as you want. Balance, grasshopper
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