Hey there guys. How was your day? I hope you all are doing well. Today we will be discussing an important topic Which 60s car should you drive? Cars are one of the integral parts of the modern society. We just cannot imagine our lives without our cars. But if we use our financial intelligence then we would realize that it is a big hole in our pocket. It might happen that you would not agree with me and is because of the fact that we don’t share the same definitions of asset and liability.
You might say that car is an asset. But technically speaking it is the asset of the bank and not yours. The simple reason being it produces positive cash flow for the bank every single month. While you may argue that we get money if we sell the car and hence it is an asset. This is a vague argument because the car almost loses almost half of its value as soon as it moves out of the showroom. Moreover, you are paying for EMIs, gas, and maintenance. So technically you are spending money on it every single month and hence it is more of a liability than an asset.
In fact if you want to improve on your financial intelligence then you should flip your definition of your asset and liability. Therefore we could safely conclude that cars are liabilities rather than assets. It is a very common misconception and that is the reason why many of us are either poor or middle class. It is possible that you might not have thought this way but that is okay. I have only come to know about it a few years back. I would also like to point out that we cannot live without cars but we could at least get an average car and be more better off.
I hope you liked my short article. If you have any insights into the topic then feel free to share ti down into the comments section below. Play the quiz as well and don’t forget to share it with your friends and family. I hope to see you in my next article.
Older cars tend to drive like older cars. That is not for me.Robert Herjavec
When it comes to cars, only two varieties of people are possible – cowards and fools.Russell Baker
I love vintage cars because you can do so much more to them.T-Pain
Fast cars are my only vice.Michael Bay
A racing car is an animal with a thousand adjustments.Mario Andretti
Electric cars aren’t pollution-free; they have to get their energy from somewhere.Alexandra Paul
Cars bring me sheer joy.Evan Spiegel
You can know or not know how a car runs and still enjoy riding in a car.David Byrne
Modern cars I don’t like so much.Amber Heard
Race cars, no matter what size or shape they are, they do the same things. It is not complicated.Tony Stewart
It’s more fun to drive a slow car fast, then to drive a fast car slow.” —Unknown
“Good cars get you from point A to point B. Great cars…Well they just get you in to trouble.” —Unknown
“If you’re in control, you’re not going fast enough.” —Parnelli Jones
Cars are the reason we, you know, people live or die.Steven Curtis Chapman
There’s no way we could take cars off the planet and not have our society fall apart. So they’re a necessary evil, in that sense.Lindsay Wagner
You are no less or more of a man or a woman or a human for having depression than you would be for having cancer or cardiovascular disease or a car accident.
Water is a beverage which I never enjoyed in purity and perfection before I visited America. It is provided in abundance in the cars, the hotels, the waiting-rooms, the steamers, and even the stores, in crystal jugs or stone filters, and it is always iced. This may be either the result or the cause of the temperance of the people.
I couldn’t find the sports car of my dreams, so I built it myself.Ferdinand Porsche
A car is like a mother-in-law – if you let it, it will rule your life.Jaime Lerner
Flying cars are not a very efficient way to move things from one point to another.Bill Gates
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