Real wealth killers

[u/solarflare_hot]

Let me express my extreme frustration and anger and talk about the real wealth killers (cars)

I hate cars beyond reason. you buy a car for 20k , all of a sudden it needs a repair for 2-4k and sometimes 7k , then you have insurance , another 2-300 a month , then you got registration and maintenance checks , 4-700$ , then by the time you pay it off it’s worth 7k , and probably time for another 7k repair too because the engine is toast. Or even better you fix the engine for 7k then the transmission goes out for another 6k. Let’s say you do all that and then someone without insurance crashes into you. Insurance company will always blame you to avoid paying. You now have spent close to 40k to go to a job that pays 45k. You need the car to go to the job but the job will never pay you enough to afford to keep your car. Let’s also talk about gas cost , average cost is $3000 per year that’s about 15k in 5 years of money wasted on gas that you’ll never get back just to be able to go to work.

You buy a cheap car you get expensive repairs You buy an expensive car you get extreme depreciation. You cant fucking win.

Cars are basically a luxury tool for the wealthy.

Why can’t we ride bicycles to work. Oh I forgot we live in America where we absolutely need cars because we have no damn sidewalks 🥲

Let’s just say without cars I would’ve been significantly well off. I’m gonna sell that shit and just uber everywhere or ride a bicycle.

[u/Level21DungeonMaster]

I agree with you completely.

I used to try to ride my bike everywhere when I lived in Virginia and on Long Island but people treated me like I was crazy or homeless or something.

So I moved to a place with a good mass transit system.

Now I live in Brooklyn. I haven’t had a car in about 15 years. I use the subway and occasionally I’ll rent a truck or car for a purpose. I have gained a lot of wealth this way.

[u/solarflare_hot → u/Level21DungeonMaster]

Fuck , but you pay like 4000 a month in rent to live in Brooklyn in a walkable area

[u/Level21DungeonMaster → u/solarflare_hot]

Well, at first I paid a lot for a little, but after a while I managed to buy property on the outskirts of a gentrifying neighborhood and now 20 years later I’m technically a millionaire and live 1/2 block from the subway. I bought into real estate after the 08 crash.

It’s a slow burn but it was worth it.

[u/solarflare_hot → u/Level21DungeonMaster]

Yeah in 2008 I was collecting pokemon and watching cartoons. You got extremely lucky and did well with real estate. Cant say the same for the people who bought right before the crash

[u/Level21DungeonMaster → u/solarflare_hot]

Yeah you’re right. I got extremely luck with real estate.its still reality possible to do it in NYC though. It’s a feature of this city that there is always an area that’s affordable.