I’m turning 32 in a few months, and I’m looking at my overall networth and if it could be higher right now if I had not made some “big” purchases. Really, though, it would be higher if I didn’t make all of the small purchases!
- $17,000 – second car, paid for all cash (used from a dealer) — I don’t love this car, I wish I picked another, but it’s fine and safe
- $16,000 – stock in private company (purchased stock options), worth $0 today (insert frown face here)
- $10,000 – DUI fine, legal fees, et al. Worst expenditure in my life, for many reasons.
- $8000 – first car, paid for all cash (used from a craigslist seller) — lasted me about 7 years, was a great car (V6!) and I miss it; probably could have lasted longer but it ended up not starting and getting towed from my parking space, wasn’t worth paying to get it out of the pound. Should have been able to sell it for at least $1000, so that was a waste.
- $4500 – invisible braces, cosmetic and somewhat health related, so far worth it but I wish it wasn’t so expensive!
- $4000 – “unlimited” laser hair removal — WORTH IT — though the place changed owners and “unlimited” was more like “limited”
Those are really all of my big purchases in life thus far outside of college and my annual rent ($16,200 a year for my share of a 1br.) Oh, and of course about $300k in actual stock… I guess you can say that’s a purchase.
Looking at spending $40k+ on my wedding in comparison seems kind of nutso, even if my parents are contributing a large chunk of that.
What are the biggest purchases you’ve made in your life?