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We have three kids and a fully paid for Volvo wagon. With the money we are NOT paying monthly for a leased minivan or payments on a new car that would even come close to the Volvo's capacity, comfort, handling, and reliability, we do a lot of other things:
1. Save for kids' university (Canadian RESP deposits attract a gov't contribution)
2. Buy a well-bred dog, and have the cats and dog well looked after.
3. Eat out quite often
4. Eat salmon, lobster, Alberta beef, etc. quite often
5. Do home reno and decoration with the best materials
6. Buy whatever bulbs/perennials/annuals/trees we like
7. Make frequent book store or toy store trips with something for everybody
8. Don't question the value of kitchen equipment or tool purchases
9. Buy motors for the boy's rockets
10. Buy beading and art supplies for the girls
11. Buy premium beer when we want it
The list goes on and on. As long as your Volvo is reliable, economical, and structurally sound, you will be rich. A new car is nice I guess (I wouldn't know myself) but makes you poor.
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