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Glad you agree. Your examples are extreme but the principle is the same.

Warren Buffet would disagree completely. He spent many many years as a Billionaire and with only a very modest 15 year old standard car and still lives in the first house he bought (so the story goes). His reasoning? The amount of money he could be making out of that stake via a good...

I wouldn't buy the 100k car. It really is a waste. You don't say whether your income is from employment or passive income or business. What happens when you decide to have kids, or one of you loses their job? I would wait until my passive income is at least 150k, and then look at a...