MND: Buying Cars, Millionaire Style, Part 2

Here's another post in our series on the learnings from the book The Millionaire Next Door. A quote from page 113:

How many millionaires indicated that their most recent vehicle [purchase] was used? Nearly 37 percent. In addition, many millionaires indicated that they traded down recently -- that is, purchased lower-priced vehicles than they had before.

We recently bought two new cars. My wife's was the same value (at purchase -- inflation adjusted) as her old car while mine was just a tad lower than my old car.

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• The Richest Man in Babylon
• The Automatic Millionaire
• The Millionaire Next Door

Comments

[collecting wealth]

compare new car prices? or compare replacement dollar amount?