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More on cars than kids? Wow. I am genuinely surprised.
More on cars than kids? Wow. I am genuinely surprised.
I look around at my neighbors, my friends... everyone must be doing better off than me OR everyone is just constantly living in debt and considering a car payment a permanent "tax to live" because I see people with new cars (if used, very late model) everywhere. I am terrified of one of my cars breaking (both Toyotas, thankfully, fingers crossed, knock on wood). I dread having to buy another car when these are done.
Also, unrelated heads up since you mention older Toyotas: there's a new recall on Takata airbags from certain 200x models.
https://text.npr.org/2024/01/30/1227923226/toyota-warning-ad...
Why are they counting homes like that? If I sell and buy my investments in my 401k, they don't count it twice.
https://www.onemainfinancial.com/personal-loans/where-americ...
More on cars than kids? Wow. I am genuinely surprised.
I look around at my neighbors, my friends... everyone must be doing better off than me OR everyone is just constantly living in debt and considering a car payment a permanent "tax to live" because I see people with new cars (if used, very late model) everywhere. I am terrified of one of my cars breaking (both Toyotas, thankfully, fingers crossed, knock on wood). I dread having to buy another car when these are done.
> Our greatest ongoing financial priority is our home, with the average cost of a single-family house totaling $428,700,” the study states. “Americans tend to change residences every 15 years, pushing the average amount borrowed on housing to a staggering $1.5 million in a lifetime.” Why are they counting homes like that? If I sell and buy my investments in my 401k, they don't count it twice.
Unfortunately, there's a tendency for this to become a hidden robber of wealth over time.
The financial world is littered with bad advice in this area.
Maybe it is time for something like a new motley fool to encourage appropriate foolishness.
More on cars than kids? Wow. I am genuinely surprised.
I look around at my neighbors, my friends... everyone must be doing better off than me OR everyone is just constantly living in debt and considering a car payment a permanent "tax to live" because I see people with new cars (if used, very late model) everywhere. I am terrified of one of my cars breaking (both Toyotas, thankfully, fingers crossed, knock on wood). I dread having to buy another car when these are done.
I’m glad I don’t have the “normal” urge to Keep Up With The Jones’s because I’d be broke!
I don't know why this would be unbelievable or "whopping." $3.3M over 60 years of adult life (age 20 to 80) is $55k/year. That's pretty close to the median American income.