6) Major Financial Decisions

The U.S. is a car-first country, but a car is a depreciating asset, it loses value every day.

• If you live in a city with good transit (NYC, Chicago, DC), delay the purchase. A car costs an average of $800/month (payment + insurance + gas + parking).
• If a car allows you to take a job that pays $15,000 more per year than a transit-accessible job, the car has a positive ROI. If it's just for "convenience," it's an expensive luxury.