A new car loses 60% of its value in the first five years. That means your $40,000 car is going to be a $16,000 car in five years. If you lose $24,000 every five years, don’t be scratching your head and wondering why you can’t build wealth. It’s because you’re driving it—down the sewer. That’s not at all how real millionaires behave. The average millionaire drives a nice, slightly used, two- or three-year-old car that they bought with cash, and they practically never drive a brand-new car off the

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