Nick Perry explains how financing a car to look successful actually keeps you broke. Every dollar of a raise goes to the payment instead of investments. The person debt-free and cash-rich builds real wealth while you're stuck signaling status.
Never ever buy a car you can't afford because the payment that makes you look rich is the same one keeping you broke. See, you're putting every dollar into that payment instead of building anything with it. So you get the raise and you spend it on the car before it ever hits your account. But it's not just the car because the house, the wedding, the degree on the wall are all the same move. Which means you're buying the appearance of having made it to numb a life that isn't working. Because the guy driving the beat-up truck who kept his apartment for 6 years is buying houses on your street with the money you spent on the appearance. Which means every time you finance something you can't pay cash for, you're picking who you'll be at 50. So before you sign for the next thing, make sure it builds wealth and not just the appearance of it.
