I think it’s okay to spend money on a card but not to delude yourself into thinking it’s an investment. I think you can be right, maximizing your value, I also think you can spend 80k on a car, as long as you know that you’re spending 80k to drive, not expecting to ever make any of that money back.
The patern on easy money tends to be - buy something that 15yo boys lusted after when its 15 years old and hold it for 10 years then watch the values climb over the next 10 before they plateau and then drop.
The trick is to buy a 25 year old car in good condition, and then store it in a dry place under a tarp for at least 10 more years.
I think it’s okay to spend money on a card but not to delude yourself into thinking it’s an investment. I think you can be right, maximizing your value, I also think you can spend 80k on a car, as long as you know that you’re spending 80k to drive, not expecting to ever make any of that money back.
The patern on easy money tends to be - buy something that 15yo boys lusted after when its 15 years old and hold it for 10 years then watch the values climb over the next 10 before they plateau and then drop.
Middle age is a bitch.