- Joined
- May 2022
- Messages
- 4,061
I rent cars from regular rental agencies by the month! Cars are a depreciating asset, so buying them to me is like burning cash.
I purchased cars (Hummer H1 & BMW 750) in 2001 (the last cars I ever purchased) and juxtaposed that same amount invested in BRKA stocks.
The cars I obviously sold by now, but with maintenance and everything else, I'm $375K in the hole w/o counting my time. Including my time, I'm about US$535K in the hole. Compare this to the same initial US$225K investment in 2001 which is now +US$1.7M with NO headaches. I keep an extensive Excel worksheet juxtaposing purchases, time, and expenses vs. investing in the market.
I have cut frequent renter deals with car rental agencies e.g. SIXT and I can get a Mercedes Benz or BMW for less than €1000/month with everything included (except fuel, of course).
Simplify your life! It's so much easier to make the RIGHT decisions in life when you aren't dealing with "decision fatigue".
offshoreking9 said:I have mid 7 figures in crypto but I can't spend it
Get a crypto debit card and load it with the amount of crypto (EUR or USD) you are going to spend. I do this all the time. It's easy. Search this forum or Google. Check reviews too.

