
The Iron Law of Wealth Building (or How to Translate Personal Financial Statements into Results) RPF0029
Radical Personal Finance
00:00
Investing in an Ira
i'm planning a show on the concept of, you know, new cars, used cars. All want to destroy this myth about car versus the used car for wealth building. If you're at the beginning of your career, and you buy a 30 thousand dollar car that depreciates in value by 15%. That's four thousand 500 dolla of depreciation this year. It's a massive expenseThat is very difficult for a small budget toto recover from. On the other hand, if you're 70 years old and you've got a multi million dollar,. you know, income, does forty 500 dollars of depreciation matter that much? It really.
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