car poor

[YLTL_Dan]

I believe he is referring to value but he really uses that as interchangeable with cost. If your income drops, however, you certainly might need to sell something. He often advises that. We here often advise it, too. If the stuff is bought with debt and you can no longer support the payments, you need to sell things. If, however, the items are fully paid for, it won't matter though selling something might help raise funds to improve your situation.

I agree with DS's assessment. It's a simple formula that works well in many situations... but it's a little tougher when you start to look at paid for items vs in-debt items. For example, if I made $50k/year my allowance would be $25k, but it makes a big difference if that $25k is paid off or if you still owe on it.

[ecoadapt]

It is funny to me how people ASSuME that I am unable to afford a newer car.

It's sad fact that people really pass instant judgment on someone's ability to buy new because you value your things well!

Maybe it's my choice not to be a slave to my car and make the vehicle
I drive put money in my pocket.

It's your choice as well not to mind them. Keep your pocket healthy! Lol, Hehe..