Now, this may not seem significant, but it was a very hard decision for me. I love cars. I especially have been eyeing the BMW 3-series since I was about, oh… 8. Maybe earlier, I remember when it was the 2002. Most of my friends either also want one or already have one.
I’ve also been reading The Millionaire Next Door, which reveals interesting characteristics of wealthy people. What’s the most popular car driven by millionaires? A Ford. An F-150 to be more exact. The wife and I are planning to have kids in a few years, and we want them to grow up not feeling entitled to things like luxury vehicles. The nicest cars both of our families ever owned growing up was a Ford Taurus or similar. Up until we helped her dad buy a car (Ford Ranger interestingly enough) last year, he was driving a ~1980 El Camino!
Now, I know that there are plenty of families with nice cars that have kids that are perfectly good with money and happy and well-adjusted and all that. But I also would rather drive a perfectly adequate car, and take my kids traveling around the world with the difference. And I can probably have just as much fun car-wise by buying an old car and fixing it up.
Anyways, a Sunday morning epiphany. Maybe I ate too many eggs?
*until the kids are graduated from college.
By Jonathan Ping | Frugal Living | 7/24/05, 10:49am