Monday, January 28, 2008
I Have Made My Decision
I am buying a 2008 Toyota Corolla. It is my commuting vehicle and it is great on gas. Like I had said before, downsize if you are looking to make millions. A car is a vehicle from point A to B. It isn't an investment. Once you get the money, then you can spend it on a treat for yourself.
With this car I will be incurring some debt. It is "bad" debt because it is on a car which will only depreciate. However, I feel that subsequent car purchases I will not be putting this much into financing.
It is a steady road, you will have to make sacrifices, but you will soon reach financial freedom.