Comments by "" (@TheDavidlloydjones) on "Bad Spending Habits Rich People Avoid" video.

  1. Buying a new car is a major losers' habit. You're paying big for the thrill of depreciating 20% of your money the moment you drive it off the lot. Tom McCall, the Popular Mechanics writer of my youth used to recommend buy at two years sell at four, and that seems pretty reasonable to me. An alternate many people live by is buy at X, two or three or four, and drive it into the ground. Your call. Just a.) avoid buying a lot of depreciation or paying for the nice smell, and b.) have the car checked before you sign for it. No, it didn't belong to a nymphomaniac who only used the back seat, and Mrs. O'Grady who only used it to drive to Wednesday-morning Mass because her family drove her in their cars on Sunday vanished off the face of the Earth with rest of the Christians when they went extinct in 1927.
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