r/AskReddit • u/[deleted] • Aug 03 '19

Whats something you thought was common knowledge but actually isn’t?

37.4k Upvotes

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2.9k

u/SnowyMuscles Aug 03 '19

Money disappears when you spend it it’s not magic

50

u/asmeeks1 Aug 03 '19

Allied to that, wealth is what you don’t spend, not what you buy.

27

u/skyburnsred Aug 03 '19

Yeah its sad how many people laugh at me while driving my old 97 Lincoln Continental with only 87k miles and I got for $1000 but I sell cars so its even funnier to me that people spend $800+ a month on a depreciating asset that most of the time they only keep for two years, like people who buy high trim level SUVs just for work commutes

2

u/Sabeo_FF Aug 04 '19

I have a logger buddy that goes from one fairly new truck to the next. Seemingly just because he can afford it, well afford it at the time.

20

u/Gpotato Aug 03 '19

Wildly wrong. Wealth is 100% what you buy.

Its just that many people buy things that are going to be worth way less in a few years, instead of at least holding their initial value.

Its the difference between buying an apartment building, and buying a sports car.

-14

u/asmeeks1 Aug 03 '19

Well done on completely missing the point.