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The wealthy live as though they were poor, and the poor live as though they were wealthy.
I had a cousin that could go through any amount of money he came into within days to months. $150k could disappear in a matter of 3 months. Regardless of his income, any extra money went into some dumb mod to a vehicle, some accessory to a rifle, or just partying.
My grandfather was a wealthy attorney, and he'd contemplate for years his next vehicle purchase; to replace his 15 year old one. His financial caution passed on to me as I sit on the Chevy Bolt forum for 3 years contemplating a used EV.
There's some happy medium between wasting your life researching the best financial move, and spending cash on vanity.
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