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Hadn’t thought about how you pay a higher opportunity cost on investments at a younger age. In a way, compound interest means that the midlife crisis sports car isn’t as crazy as it might seem. At some point, there is an inflection point where the present and future values of money meet. Past that maybe a sports car is a good idea. Before that, not so much.

The thoughts above are not from the article. Just a few meandering thoughts.


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    I agree with the sentiment, but this way of quantifying things always bothers me because you’re talking about $240k in 30 years. In the headline, I see $240k and I think how much money that is because I’m used to thinking about dollars in terms of the 2018 dollar. But you’re really talking about 2048 dollar which is probably worth a LOT less.

    I mean if we’re lucky enough to live in a high inflation and high return environment, you could save a million bucks by riding a bicycle. Now that’s an even better headline.

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      I agree. It is a quick way to become neurotic. All of a sudden everything you do costs 8x as much money if you put it in a 30 year investment context.

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      I have bought two ~$25k cars new and will probably continue to buy at least one car new every 8 to 10 years.

      In exchange, I’ve gotten significant peace of mind and time back. The cars that have always ended up in the shop for long periods of time or costing me money out of my emergency fund have been my used cars. the cars that are broke down on the road have always been the used cars.

      I just recently dropped $3,000 on a repair for my one used vehicle because I could not find a replacement for it that would cost me less than approximately $300 per month over the course of the next year. I may be a little bit of a special case on that, because of the requirements of the particular large vehicle, but the sentiment stands.

      I grew up with my parents buying $2,000 to $4,000 8-12 year old used vehicles every two or three years. They were constantly breaking down and constantly in the shop. We did not have reliable transportation and that had a certain mental toll on all of us.

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        My current car is turning 20 next year and I haven’t had too many issues with it. Some slight trouble with the battery, but otherwise okay. My previous car, on the other hand, was terrible. It was 3 years older than me and broke down maybe a dozen times. In college, I had to push it a mile to get it to the mechanic. I am not eager to replicate that situation.

        You say that an 8-12 year old car was breaking down constantly. Did you grow up in an area with a lot of snow? An 8-12 year car in California is normally alright, but I understand that in Minnesota an 8-12 year old car is a barely connected piece of scrap metal.

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          Did you grow up in an area with a lot of snow?

          Western PA. Not as bad as MN but still pretty bad in that regard. Salt and ash is salt and ash, especially when it actually melts in PA.