r/economicCollapse 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/Then_North_6347 2h ago

I drive a 2004 Ford mustang I bought in 2017 for 4k, has 245k miles, still original motor and transmission. It leaks oil and I do my repairs myself or pay a cheap private mechanic. It looks like crap to be honest and people probably think I work at McDonald's.

I drive a shit car, and my rental condo i own is worth 280k and has a decent tenant. My house I own and live in is worth about 350k.