My BMW M3 Mistake at 24 | A Fun Ride, An Expensive Lesson!

BMW M3 sports car parked, representing a dream car purchase that taught an expensive life lesson about finances.


Hello my friends! Do you have a dream toy? Like a super cool car you really, really want? Well, I want to tell you a story about my dream car. It is a true story about me!


When I was 24 years old, something exciting happened! I got my very first real job! Yay! A grown-up job with real money! After working for a few months, guess what I did? I bought my dream car! It was a super fast, super cool sports car. A BMW M3! Vroom vroom! I had wanted this car for such a long, long time.


Oh, buying it was SO exciting! It was shiny and fast! Driving it felt like flying! Wheeee! I felt so happy, like I was on top of the world!


BUT... oh dear me. There was a little problem. This super cool car was also... super thirsty for money! It needed special sleepy-time insurance (that costs lots of money!). 


It needed special check-ups and baths (more money!). If something little broke? Oh no! Fixing it needed BIG money! And the gasoline? Gulp gulp gulp! It drank gasoline like a very, very thirsty giant!


Even though driving was super fun, my wallet started feeling sad. Every month, POOF! All my money from my new job seemed to disappear into the car. Uh oh. Keeping the car happy was making my bank account cry!


So, after only 5 months, I made a hard choice. I decided to sell my beautiful dream car. Bye-bye, M3! And guess who bought it? 


Another young person, just like me, who had just started their first job! (He looked so happy! I didn't tell him how much money the car liked to eat... maybe I should have? Hehehe.)

BMW M3 sports car parked, representing a dream car purchase that taught an expensive life lesson about finances.

Later, I read something funny from a very, very smart rich man. His name is Mr. Warren Buffett. He said something like this: "When you buy a super fancy, expensive sports car, you get TWO very exciting days: the day you BUY it, and the day you SELL it!" 


Ha! He was so right! I felt super excited on both those days!

BMW M3 sports car parked, representing a dream car purchase that taught an expensive life lesson about finances.

Thinking back now... maybe buying that car was not the smartest idea for me then. Maybe I should have used that money for something else? Like going on fun trips and seeing new places? (Yay, travel!) 


Or maybe putting the money somewhere safe so it could grow bigger, like planting a money seed? That might have made me happier for a longer time.

But hey, that was just my story! It's a personal lesson. Everyone is different. Some people really love their fancy cars, and that is okay too! This was just a little lesson my money and my dream car taught me when I was young.


What do you think? Have you ever bought something super exciting that turned out to be a little bit tricky? Tell me your story!


(Inspired by a story from Eugene Costov on Quora)

Comments