Since you’re reading this post, I’ll assume you’re not a gazillionaire… at least not yet 🙂

Gazillionaires can afford to splurge on lots of fancy cars or pretty much any depreciating assets since to them, that expense as a percentage of their net worth is negligible.

You can’t, so don’t do it.

Most people fail at money management because they constantly want to keep up with the Joneses.

Thus, they make emotional decisions and before you know it, a large chunk of their net worth is sunk in “assets” that realistically speaking, are either junk or will be junk in the near future.

It’s not just about losing that amount, it’s about losing the opportunity to make more by investing that money.