I don’t choose to buy a car!
The story of buying a car for the first time, or whether to buy a car or not has been attracting mixed opinions. People think that cars are a liability, but people claim that having a car helps them earn more money, and there is nothing wrong with enjoying themselves.
We would like to share the article with the point of view “I don’t choose a car…” by Danh Tran – a lecturer, an expert in the field of Finance – Banking before this hot topic:
– Wealth Advisory Manager – VPS Securities Joint Stock Company.
– Lecturer, expert in the field of Finance – Banking.
One evening after work, going through Ho Xuan Huong street to go home, my driver had to stop. Seeing that I was walking, the car suddenly stopped, I looked back. It turned out that we were stuck between cars parked close to both sides of the road. In fact, the road is less than five meters wide with two lanes with no space for parking, even though the establishments on both sides are very busy. At that time, there were a few orderly men who were busy cleaning and separating the traffic to let the traffic flow through. The owner of the car did not know where he was eating and drinking. I say to myself: Car owners are irresponsible and selfish.
That is the common situation of all roads in this city that has exceeded ten million inhabitants. Roads and infrastructure have not improved much, but the number of private cars has increased tremendously, leading to congestion or extremely inconvenient for users. To travel in the city center, I did not choose to hold the steering wheel, because I could not be comfortable for my fun when the car was still somewhere “illegal”, even once I had to beg a person Keep the car on the road and “tip” quite well to be able to park for a while. Oh! Sometimes I wonder why I have to suffer…
A single person, office worker, with central accommodation; I have money but I still do not choose to buy a car. Instead, I use taxis, technology cars, etc. to be flexible with my needs and not have to worry about walking, parking, or preserving it. Even if you look at the cost of the two options, I find no car to be “cheaper”.
In the book “Rich Dad – Poor Dad”, Robert Kiyosaki once defined: “Assets are what put money in your pocket; Liabilities are what take money out of your pocket”. For example, you have a car, you buy it for daily commute and you have to pay all the expenses for it from petrol, maintenance, parking… then it is obviously a type of liability. . But if you buy a car to do business, rent, run a taxi… to increase your income, it’s an asset.
So in my case, buying a car would be a liability; Does that mean I’m raising a car with a large initial investment along with monthly expenses? Is it really necessary?
In your twenties, what do you need to prioritize?
Everyone wants to live happily, enjoy the results they have, to be called “worth living”; but everything needs to be planned and within a clear financial plan. Going to teaching, sharing about personal finance – investing in many forums, meeting young people, I always get the “first reaction” that: “I find it too complicated! I didn’t think about it that much…” And when I asked: “What do you think tell me!” then bla bla… it’s really complicated.
Our grandparents in the past had very good experiences, very simple, it was not excel sheets or something fancy, numbers: raising piggy banks, giving up savings, contributing gold… Or in other words it is the most primitive method of financial management: financial allocation.
Today there are more scientific and more realistic methods that accompany the development of human needs. For example, 6 jars, or 5-3-2. You just need to estimate the amount of money from your income to put in which jar, for what use, then you already know how to manage your finances. Not to mention it helps you stay in good standing, or financially free.
Cars are usually used for personal life, have no value for profit or have investment meaning, and are classified as consumer spending. You should not spending more than 50% of income, or total assets for the consumer spending group.
If you don’t have a clear purpose and the right motivation, spend your money on “assets” instead of “production target”.
Just because I don’t own a car doesn’t mean I’m not enjoying it.
From my experience, I still feel very comfortable; when there is someone to pick up, someone to take when coming home from work. Or don’t have to worry about driving after ivory fun; even lose more money or beg someone to leave your car with dozens of other consequences. And I also don’t want to be selfish when blatantly occupying the roadway of other people to move as a parking space for myself.
Looking through my friends, better-off families, I still see the cars lying still in the dusty garage. But let it be, because it is only a small part of the value of all other assets, a shopping item when you have plenty of money even if you only use it a couple of times.
If the car is your whole fortune? Then you should consider!
Or if it’s for the sake of letting people think “classy”, when I’m behind the wheel, I probably don’t need it.
at Blogtuan.info – Source: Kenh14.Vn – Read the original article here
