12-21-2017, 11:18 AM
Let's just say that one of the biggest costs is that point at which one buys a car. I have avoided that expense over the decades, and the benefit of not having any of those costs has been a massive financial windfall for me. Some people will need to buy a car for one reason or another, but when you can avoid it, it's absolutely one of the best financial investments you can make. Unlike the house-as-a-forced-retirement-savings versus retirement-investing-the-money-saved-by-renting, not buying a vehicle and paying its costs is an absolute win against the endless car vacuum and depreciation. None of these things is truly in isolation, and these days it's only really the first residence and job post-education that determines whether someone buys a car or not.