Why You Shouldn't Invest $73,000 When You're 25

If you're in the top 10% of wealth for 61 year olds, their average net worth that age is over $2.5 million. That makes a whole lot more sense for the 61 year old to be thinking about buying the sports car,. not the 25 year old. If you had $73,000 to invest when you're at 25 to put that money to work, making this consumption decision of an luxury car when you're in your twenties actually is worse than this scenario. So what I'm telling you is this decision to buy the luxury car in your mid twenties is more than likely going to impact your future self up to $4 million.