Raw:
Average Americans spends 34% of their income on mortgage on house, 17% on car. It takes $4000 a year to feed a car you own right out and $7000 for a cheapest new toyota corolla.
Insanity. Houses are just 4 brick walls, cars are just 4 wheels, why are they so expensive? Society makes this rule so most people will be poor for life. 40% of their gross income is taxed, another 30% on car and house. And once your hocked, you will never go back to a smaller house, worse car. Your mortgage will grow with your pay rise, your traped.
How can an average person ever make money? And that's the point, we don't want them to.
I am fourturnate, I have no loans. If I can hold the temptation for 5 years and not buy a house, car, my net worth will be more than an average person over 30 of age. Puts me way ahead of the game.
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