What is our fascination with new cars? Between expensive cars and houses, we are surrendering our futures to debt.
But do you need to upgrade your paid-off vehicle? What if you continued to pay the payments toward your income investing portfolio instead?
You could receive $460/month in dividends from your portfolio in six years. Yes, your dividends would pay you, not vice versa.
Money is not about spending, it is about time. The person with the most money can free up the most time. When you are in debt, you surrender your time. Good Luck!