Quote:
Originally Posted by flamesfever
While growing up in Toronto n the 50s, I used my high school math to show that if I took the average salary of a family at the time, and assumed an annual profit of 10%, I would never be able to accumulate any wealth if I purchased a new car every 3 years.
I never drove a new car until I turned 65. When I finally did, I made the salesman drive around the block with me, as I realized I just lost $5,000.
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I bought one new car when I was 25, and it was the worst financial decision - besides marriage - that I ever made.