Etini
Valued Contributor
Owning a car for some can be viewed as a luxury or a liability. That's quite well understood. On the other way round, a car instead of being a liability can be an asset that would help your financial life directly or indirectly. Here is example of situations a car can be useful to your financial life:
1) Family Outings and Family Commuting: If you don't have a family and you live by yourself, you won't feel the burden of cost of public transportation. When you have a family and you need to step out to church, school or any kind of family outing, you have to pay public transport fare for every member of your family to and fro, you would get to understand how much a car would have saved you.
2) Using Your Car to Run Commercial on Rainy Days: Those rainy days come when a person is completely broke and doesn't have any hope of getting money. He or she can just step out with his car, run commercial and come back in a few hours time having made money to save himself. All with his car.
A car can be an asset depending on how you use it, your motive and your view.
1) Family Outings and Family Commuting: If you don't have a family and you live by yourself, you won't feel the burden of cost of public transportation. When you have a family and you need to step out to church, school or any kind of family outing, you have to pay public transport fare for every member of your family to and fro, you would get to understand how much a car would have saved you.
2) Using Your Car to Run Commercial on Rainy Days: Those rainy days come when a person is completely broke and doesn't have any hope of getting money. He or she can just step out with his car, run commercial and come back in a few hours time having made money to save himself. All with his car.
A car can be an asset depending on how you use it, your motive and your view.