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@asem_taket0:
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Tuesday 15 September 2026 10:07:22 GMT
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Here’s why buying a car young is one of the worst investments you can make. I know… it feels like freedom. You finally have money. You want something to show for it. But a car isn’t an investment — it’s a depreciating liability. The moment you drive it off the lot, it drops in value. Then comes rego. Insurance. Fuel. Servicing. Repairs. And if you financed it? Interest on top. At 18–22 years old, your biggest asset isn’t a car. It’s your time. If you put $20,000 into ETFs or investments instead of a car, that money could compound for 30–40 years. The car will be worth maybe $5k in a few years. The investments? Potentially hundreds of thousands over time. Most students buy cars to look successful. The smart ones delay it to become successful. Freedom isn’t a car payment. Freedom is financial options. If you really need a car — buy something reliable and cheap. But don’t confuse lifestyle upgrades with wealth-building moves. The car can wait. Your compounding years can’t. #education #investing #unistudent #investingforbeginners #savings
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