You hopefully have many choices to consider when contemplating your response to the question, “What was the best financial move you’ve made so far?”
For me, it’s easy.
You: Haven’t made too many good financial moves, buddy?
Actually, plenty. It’s just that ,as I near completion on my manuscript of book number two, I’ve contemplated this exact question.
You: Hey, that’s cheating.
Hey, it’s my blog.
You: Point taken.
I’ve concluded my best financial move to date has been my decision to keep cars for very long periods of time.
You: How long?
I drove my first car for over seven years before it died. My second car just passed 100,000 miles this last weekend and is over nine years old. So, here I am in my late thirties and I’m still on my second car.
You: With a piece of crap car.
To some people, perhaps–which is why having cars for a very long time is my best financial strategy – not necessarily yours. But having no car payment during 9 of the last 14 years has allowed me to spend more in other areas of my life where I value such spending while still permitting me to save substantially for my future.
What’s been your best financial move so far? Please comment below. Your worst financial move? Take the poll to the upper right.