Many years ago in the mid 80’s, I bought my first car when I was 14 years old. I used my life savings… $1200. This was mainly money that I made cutting grass every summer in my neighboorhood since I was 10, but also included money given to me as allowance and on birthdays. The car was a 1970 Ford Mustang Mach 1, a car that I still own 27 years later.
Was it a wise decision to purchase that car? Well today, according to nada.com it is worth between $24,370 and $59,440!
Not a bad decision for a 14 year old. If I knew then what I know now, I should/would have purchased and kept more old mucle cars. You see, it is good decisions such as this, that gets you ahead in life… just try to avoid making bad decisions.