Friday, December 11, 2015

4. Own a new car I really like

This one is pretty awful, I'll admit, but there are underlying reasons for it that are at least a little less awful.  (I had originally written my underlying reasons were, "at least a little noble," but honestly, this one is pure selfishness.)

I've never bought myself a new car.

My car-owning history looks something like this:

1996:  I drove a 1991 Honda Accord my parents let me use when I got my license and they got a new car.
2001:  I got a new Acura Integra my parents got me as a graduation gift from college.
2004:  I drove an old Honda Civic I bought when the Integra was stolen.
2006:  I got my parents' old Buick.  (This was the car they bought to replace the Honda I got in 1996.)
2011:  I inherited my mom's old Camry.  (It was only chronologically old.  It still has very few miles on it.  She bought it right before her cancer became a lot more severe so she didn't put miles on it, and I only use it to drive about 100 miles a week.)

I've only ever bought one car in my life, and it was an emergency car I spent like $1,000 on.  (It's the Civic I bought in 2004.  That car didn't, as I remember it, have heat.)

Prior to marriage, my wife had never owned a new car.  She's on her second now.  (We got a Honda Element with our first kid, and a Toyota Sienna with our second.)

I really want a new car.  It's selfish, but I'm mostly ok with that.

Moreover, I want a new car I really really like.  It's going to be something I have to save for and get myself financially really in order for.

The new car I want is a Tesla.  Specifically, I want a Tesla Model S 85D.

I want a car that's fast, safe, reliable, and one that'll never make me stand outside a gas pump while it's cold out.

In New Jersey, (where I grew up,) it's illegal to pump your own gas.  I didn't learn how a gas pump worked until I was 19.  It was a little awkward the first time as my best friend's little sister had to walk me through the steps.

I really resent the time sink of getting gas.  I hate taking time out of whatever I'm doing otherwise to stop my car for 10 minutes and hang out in the cold, (or heat, I'm really a wuss when it comes to outdoor stuff,) and stare awkwardly at other people staring at my dirty car.

To do this, before I'm 40, I need to rearrange how I spend my money, (do it much less,) and how I earn.

Basically, I need to make sure the money I earn is enough where I can easily spend $100,000 on a car.

With my current job, I haven't hit the ceiling yet, but I'm slowly approaching it.  So, I'm looking at diversifying how I make money.

I bought a condo I'm going to rent out, which, if everything goes really well, I should be making a pure profit on in about six years.  I'll be over 40 by the time that happens, but in four years, I don' think I'll feel bad about dipping into what I make from it to buy a car.

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