There is no question that my weakness in life has been automobiles. I just love them. There is also no question that nothing has had a higher impact on my net worth. Due to the crazy housing market, there is no question that my house has helped me increase my net worth significantly. Sure, there have been expenses to deal with, but I’ve still seen a higher appreciation rate than it cost me to be here. On the housing, I have no regrets.
Cars are a completely different story. It kills me to think about how much money I could have saved if I had continued to drive some of the old cars I’ve had. I’ve justified buying the cars/trucks over the years by telling myself “live a little”. While we are still doing pretty well on our net worth and finances, we could obviously be doing better. Oh well. I guess we do have to “live a little”.
Anyway, check out this article. It’s worth reading: