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1 - Any money not *needed* (given, the list of necessities is a great deal longer than many people think) is to spend on what you want. My family calls it 'f.o. money.' Maybe you want to buy a big, new and probably ugly house. Maybe you want to see the world. How much money does someone make back on a trip to Tibet? Nobody's bidness.
2. Doesn't sound like he was spending money that was needed.
3. Can he get the 'investment' back? Not likely. Why should he? A friend of mine and his extended family pulled a '30s jalopy out of the barn for a frame-up restoration. It was the first car the grandparent's had owned. The keys were handed to them on their 50th anniversary -- they were floored, of course. Car isn't worth a tenth of what it cost to restore. So what.
4. What Chris Herbst said. $8k is not much for an as-new car, esp. compared to a new car. Not paying interest and depreciation saves a ton of dough. So what if I don't have OnStar. I got a map, and an extra $700-$800 a month to sock away, since I don't pay interest OR comp/collision. Plus, I *like* driving a beater. I hate car-class-conciousness. No one breaks into my car. Those pesky good-looking college girls leave me alone, at least while I am driving. My old pickup that was beat all to hell and missing the grill got me *plenty* of room on the freeway. (My wife's car is a nice-looking 240, so I get the best of both worlds.)
5. I am really jealous of this guy.
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