The #1 WEALTH KILLER that NO ONE talks about

Owning a car is often seen as a necessity, but it can quietly drain your wealth over time. Here’s why:

Depreciation: A car loses value the moment you drive it off the lot. Most vehicles depreciate by 20-30% in the first year and continue to lose value rapidly. This means you're paying for an asset that becomes less valuable by the day.
Hidden Costs: Beyond the purchase price, cars come with ongoing expenses—insurance, maintenance, repairs, fuel, and taxes—that add up significantly over time. Many people underestimate how much they’ll spend on these extras.

Financing and Interest: Most people finance their cars, which means they end up paying interest on a depreciating asset. This can cost thousands in the long run, making a car even more expensive.

Opportunity Cost: The money you invest in a car could be used for assets that appreciate, like real estate or investments. By spending on a car, you're missing out on the chance to grow your wealth elsewhere.

In short, while cars may be a convenience, they are a costly one that can quietly undermine your financial health.