Dave Chilton

I think it's the only thing that I rant and rave about is what a lot of people, not all, but maybe 30% of the people I deal with spend on cars relative to their incomes.

So we have a lot of younger people in their twenties and thirties and forties who I would argue legitimately

can beef that the cost of living is crazy and it's making all this very difficult.

But in that group, we have a subset who, while they're making that legitimate beef, are buying cars that don't match their incomes at all.

How do we finally get people to see this all differently?

Well, you're an accountant.

I mean, how flashy can you be?

Really?

Let's be honest.

You've nailed it.

It's one of the reasons why I get frustrated when some people in the financial media are going, oh, you know what?

Yeah, a lot of people in their twenties and thirties are losing some money by buying meme stocks and being too aggressive and trading options, but they'll learn a lesson and at least they're young.

Remember the money they're losing at that age because it had decades of compounding ahead of it.

Oh my gosh.

In some respects, that's the worst money to lose.

You lose a few thousand when you're older.

That's not as big a deal as losing it when you're young because of the foregone compounding.

But no, your thoughts on cars are bang on.

And I just shake my head.

I think the car industry has done a wonderful job.