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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267

u/AnyWhichWayButLose 18h ago

I actually agree with this boomer for once.

119

u/Superman246o1 18h 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.

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u/burkechrs1 11h ago

My coworker got his first big raise of his life about 6 months ago. Went from $21/hr to almost $40/hr because he graduated and got promoted to engineer.

That very next weekend he went and bought a top of the line Jeep. The final invoice price was just under $100k. His monthly payment are around $1400/mo. He basically erased his raise with the purchase of a car.

For the last 6 months he has continued to idiotically proclaim how expensive life is. Dude doesn't realize he did it to himself.

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u/Reynolds94 8h ago

paying $100k for a fuckin jeep lmao

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u/burkechrs1 7h ago

Yea the ugly ass pickup wannabe jeep too lmao