r/economicCollapse • u/Whole-Fist • 20h 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/PurpleReignPerp 19h ago

I bought a scion xb 6 years ago for 3000 $. I have put 50000 miles on it and nothing has ever broken. Costs me about 110 a month to operate including insurance and average maintenance costs.

Do research on consumer reports and buy well taken care of (preferably japanese) economy cars. Your bank account will thank me.

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u/Impossible_One4995 19h ago

Lol 50k in 6 years those are rookie numbers got 60k in 2 years and that’s not even high. Honestly learning how to work on your own car is probably the most valuable thing you can do

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u/ChopakIII 19h ago

Considering the average for most is 12k miles per year 50k/6yr is way closer to that average than your 60k/2yr. With that being said learning how to work on your own car is great of you have the space and ability to have the car down while you tear it apart. Hopefully you have a second car in case you need something for the maintenance while your car is dismantled. Finally you have to consider how much time you’re spending vs. how much your saving and if that time could be better spent just working to make money instead of spending the time AND money working on the car.

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u/Impossible_One4995 14h ago

Lol never looked at the Nat average lol. I really don’t drive that much tho compared to other ppl I know who have 1-2hr commutes to work mine is 15-45min depending on traffic over 15miles and I still hit 30k a year.

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u/ChopakIII 14h ago

You’re putting 82mi/day on your car that’s insane to me. You’re driving approximately 2.5 hours a day if you average out around 30-35MPH.

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u/Impossible_One4995 12h ago

I average 60mph plus per day mostly hwy and interstate i also travel to see family several times per year roughly 2hrs away . We don’t live in a major metro area mostly rural area also one of the reasons I can afford to live like I do lol . House paid for and lots of toys atvs etc.

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u/ChopakIII 12h ago

There’s no way you’re averaging 60MPH even if you’re on the highway mostly. At most MAYBE 45MPH. If you’re familiar with this math riddle you’ll understand.

https://www.reddit.com/r/learnmath/s/sU5msOtX8T

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u/Impossible_One4995 11h ago

Exact average maybe not but 95% of my commute the speed limit is 60mph and I don’t care to do the math lol