The MONEY Expert: The Simple Plan That Made Me A MILLIONAIRE (ANYONE Can Do THIS!) | George Kamel
The School of Greatness
Wealthy people drive used cars
Wealthy individuals tend to drive four-year-old used cars on average because they understand that cars are a depreciating asset. They avoid buying new cars as it leads to depreciation and paying interest on something that's decreasing in value. This practice aligns with the concept of delayed gratification, which is a significant factor in building wealth.
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