The $500 amount itself isn't the problem, but more what you COULD do with that money. If you're spending $500 dollars monthly on a car instead of building a safety net or investing it into an IRA, that's an L.
Forbes: The One Monthly Payment Killing Your Wealth
- Thread starter eufemism
- Start date
The $500 amount itself isn't the problem, but more what you COULD do with that money. If you're spending $500 dollars monthly on a car instead of building a safety net or investing it into an IRA, that's an L.
Drake is God
Sweeterman
Investing it into an IRA adjust for inflation you end up losing money over the years
@OffHalsted
The 100s LochNess
Living in the hood>
but yall nikkas are afraid of black people tho 
but yall nikkas are afraid of black people tho 
Techniec
Drugs and Kalashnikovs
Problem is i know next to nothing about cars so im not that dude who can pop the hood and maintain his whip etc
I take it in for oil changes when i need to and at the one year mark i did the 24k package (ya ya i know those dealer packages can be scams but im currently living outside my hometown so i dont have hook ups here). I check up on fluids but that's it really
I got a heavy foot so i hit the pedal and brake hard too so i dont know how well i can maintain it
Nothing but the truth man. All I buy are Hondas and got 300k out of two of them and sold them. Just change the oil and timing belt and you good.
I mentioned on here that i know a few brothas with dealers licenses. What them kats do is buy a car cash from the auction and drive it for two years. Sell it on the street get about 90% of their money back. Take that money to the auction and buy another car.
By doing this they never have to pay maintenance costs because they are dumping the car before it starts to get a lot of mileage on it.
Really a smart hustle. But it is also smart how you are handing your cars at home as well.
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I had a black 2004, that car was a
Bruh, the heads up display 
I still haven't ridden in a car with anything like thatIf I knew where my life was headed, I would've kept it.
Man this article is truth. They got us thinking you need a car on a level with your salary and I fell for it.
Everything works out and I'll have my car paid off this year. Won't touch a new car payment until I've got all my bills settled up. Just thinking about all that money going back into my pocket.
Everything works out and I'll have my car paid off this year. Won't touch a new car payment until I've got all my bills settled up. Just thinking about all that money going back into my pocket.
My 03 Honda Civic still rolls.
Living in the hood>
Or live in a hood full of black excellence that ain't crabs
Most black people don't live in the hood/ghetto
I got a red with a black side mirror cause I was too lazy to paint it when I replaced the shyt. This car is like a Civic the way shyts so easily replaceable. Love this car.I had a black 2004, that car was a
If I knew where my life was headed, I would've kept it.
Suleiman Bey
Banned
Paying rent or mortgage to live alone is the biggest wallet killer. It literally makes no sense. But no one will tell you that as it's all about being independent in a dependant world.
That's not a lot of money..okay for what though? A DEPRECIATING asset, key word. You can make an investment that costs $500 a month, again not so much but you get a return on an appreciating asset when previously you were pretty much throwing money away.
yakamein
#milfhunter
Bought a 2010 Camaro Ss in 2010. Lost it due to a car accident in 2014. That was God. 
Pay 900 a month on car note and insurance brehs 
Pay 900 a month on car note and insurance brehs Suleiman Bey
Banned
Cars being depreciating assets is myth. Of course the dealer ain't gonna buy it back for what he sold it to you for. Doesn't mean you can't sell it to someone else for close to what you paid for it. Also having a good reliable car can be a gateway to a great job and other opportunities.