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2013-14 Shelby GT500
Thinking of selling my car
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<blockquote data-quote="OaktownACE" data-source="post: 13023816" data-attributes="member: 147830"><p><strong>I think you have to take a breath</strong></p><p></p><p>When I read 60,000 in jewelry, instantly thought this guy is impulsive. Just ridding yourself of nice things won't make you rich. If you have a spending problem there is actually a 12 step group for spendaholics. </p><p> </p><p>Before you do anything, I'd suggest taking a deep breath. If it's an extra car and a true toy then getting rid of the extra expense may make sense, however, the depreciation on the car is greatest in the first year or two and slows after that. If it's a daily driver then realize that you still have to drive to work etc. </p><p> </p><p>I agree with the above, slow and steady wins the race. Make sure you are maximizing the tax benefits of Roth accounts, 401ks, IRAs etc. If you maximize that stuff and you can still afford the car then I'd enjoy it.</p><p> </p><p>I'd suggest reading the book "The Millionaire Next Door." The book is an interesting read and a lot of the financial self help "gurus" have been found to be full of crap.</p><p> </p><p>Good luck and congrats on your realization. It's not an easy change so take it easy on yourself and know that you will have slips.</p></blockquote><p></p>
[QUOTE="OaktownACE, post: 13023816, member: 147830"] [b]I think you have to take a breath[/b] When I read 60,000 in jewelry, instantly thought this guy is impulsive. Just ridding yourself of nice things won't make you rich. If you have a spending problem there is actually a 12 step group for spendaholics. Before you do anything, I'd suggest taking a deep breath. If it's an extra car and a true toy then getting rid of the extra expense may make sense, however, the depreciation on the car is greatest in the first year or two and slows after that. If it's a daily driver then realize that you still have to drive to work etc. I agree with the above, slow and steady wins the race. Make sure you are maximizing the tax benefits of Roth accounts, 401ks, IRAs etc. If you maximize that stuff and you can still afford the car then I'd enjoy it. I'd suggest reading the book "The Millionaire Next Door." The book is an interesting read and a lot of the financial self help "gurus" have been found to be full of crap. Good luck and congrats on your realization. It's not an easy change so take it easy on yourself and know that you will have slips. [/QUOTE]
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2013-14 Shelby GT500
Thinking of selling my car
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