Some One-Minute Money Advice Which Can Help You Become Rich

Nik Critical Thinking, Finance, Habits, Motivation, Quora

What’s wrong with this picture?

That it’s raining? Are the colors weird? The blinds are half closed? No.

The car belongs to the house.

Every day, I walk past that house, seeing the car, thinking: “What if?”

  • What if he’d invested that money?
  • What if it breaks down?
  • What if he stops enjoying it?

My mom saw the guy once. Normal job, woodworker or something. Lives with his mom. 40+. Now, maybe driving an R8 is his version of heaven on earth, but would you take that bet?

Here’s what I’d like to chauffeur myself around in:

Could I buy one right now if I scraped together every penny or got a loan? Yes.

But note:

  1. It’s a humbler aspiration than an R8 (about twice as humble if you buy used).
  2. I’m not going to.

Besides the fact that most cars depreciate rapidly, fuel, insurance and repairs eat at your budget. Every month. That’s a double L.

The best piece of financial advice, the one without which all subsequent advice is meaningless, is as old as babylon:

Live below your means.

Nik

Niklas Göke writes for dreamers, doers, and unbroken optimists. A self-taught writer with more than a decade of experience, Nik has published over 2,000 articles. His work has attracted tens of millions of readers and been featured in places like Business Insider, CNBC, Lifehacker, and many others. Nik has self-published 2 books thus far, most recently 2-Minute Pep Talks. Outside of his day job and daily blog, Nik loves reading, video games, and pizza, which he eats plenty a slice of in Munich, Germany, where he resides.