Why are we tempted towards liabilities such as fancy cars?
It could be any or all of these:
Keeping up with the neighbors
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While there’s nothing wrong about buying cars for emotional reasons, watch out for unnecessary debt traps and figure if you’re actually comfortable in making the decision.
An older or less fancy car could just do the job until you’re really sorted financially.
Did you know? We host a variety of books on finance at our coworking space in bangalore.