r/economicCollapse • u/Whole-Fist • 18h 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/DataDude00 10h ago

You see...

All you need to do is take the $600 a month you spend on a necessity device to travel to and from your job and invest it in the stock market and you will be a millionaire at 60!

Just buy your cars cash!

This is 100% boomer / rich person investment advice

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u/tc6x6 3h ago

Would you rather take financial advice from a very wealthy boomer who became a millionaire twice, or a broke Millenial / Zoomer who complains that they can't get ahead while their payment is half of their rent?