This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
There is power in waiting
That’s fine with me.
I don’t mind waiting.
I’m in no rush.
Why am I willing to wait if I’ve been waiting to get a new car for over ten years? Well, I waited this long, right? So I can wait a bit longer.
If I had to leave earth today, I would have no regrets concerning the car I drive; if I did, I would consider that a problem.
Most People Can’t Wait To Buy Stuff
Here’s the thing about car purchases: Most people don’t want to wait.
They don’t want to wait to pay off their car.
They don’t want to wait to build their emergency fund.
They don’t want to wait until they can buy the car with cash.
They don’t want to wait until they can make a significant payment.
They don’t want to wait until they stop living paycheck to paycheck.
They don’t want to wait to get on track with their retirement savings.
They don’t want to wait until they have more than one income source.
They want to drive and be seen in the baddest new car as soon as possible so that they can feel better about themselves.
I don’t know how long I’ll be waiting until I get my next vehicle because I’m unwilling to compromise on the features I desire.
If you’re going to invest in a depreciating asset, make sure it’s worth it, and you’ve spent plenty of time thinking about it.
In no shape, or form should a car impede your financial progress or goals.
You should not go from a positive net worth to a negative net worth.
You should not give up your monthly investments for a car note.
You should not exceed 10% of your net income to cover car expenses.
Most People Will Never Be Financially Free
It takes financial and mental self-discipline to be able to buy something but walk away because it’s not the right fit.
It’s easier to settle and find something similar to immerse yourself in the new car experience.
It’s easier to buy any and everything when your income increases, but this is one of the key ways the “rich” people become broke people.
They look rich but are struggling and waiting for their next payment.
They need it.
They’re craving it.
And they’re desperate for it because their lifestyle depends on it.
Learn when to walk away from financial opportunities that look nice but don’t really love. Learn to say “no.” Learn to wait to make purchases you love, want, and like. Learn to be patient with your purchases instead of being impulsive.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.