On the down side, you'll have to pay a lot in taxes on your investments...
...in VA, and that will go up with the proposed tax increases. Just think what you could do with that tax money if you lived in Florida where there is no tax on income, dividends, interest, or capital gains?
Thread Replies (14)
Why The Millionaire Next Door Drives A Used Car
-- EDGEMAN
Jun 14, 2026 at 02:59 PM ET
EDGEMAN
•
06/14/26 02:59 PM ET
I drive a 2015 VW Passat diesel with 140,000 miles on it. I will keep it
-- Galenahokie
Jun 15, 2026 at 08:17 AM ET
Galenahokie
•
06/15/26 08:17 AM ET
On the down side, you'll have to pay a lot in taxes on your investments...
◄
-- EDGEMAN
Jun 15, 2026 at 08:24 AM ET
EDGEMAN
•
06/15/26 08:24 AM ET
Almost all my investments are in our retirement accounts, so the taxes are
-- Galenahokie
Jun 15, 2026 at 03:33 PM ET
Galenahokie
•
06/15/26 03:33 PM ET
I drive a 2015 Hyundai Sonata
-- OrlandoHokie
Jun 14, 2026 at 06:57 PM ET
OrlandoHokie
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06/14/26 06:57 PM ET
Had the same Silverado from 2003 to 2025. Honorably retired it last year
-- RoswellGAHokie
Jun 14, 2026 at 08:19 PM ET
RoswellGAHokie
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06/14/26 08:19 PM ET
Which is why I drive a 2015 Lexus GX 460
-- Spudnut
Jun 14, 2026 at 06:55 PM ET
Spudnut
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06/14/26 06:55 PM ET
Unlike the current twin turbo V6.
-- EDGEMAN
Jun 14, 2026 at 07:26 PM ET
EDGEMAN
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06/14/26 07:26 PM ET
So you’re telling me I should ask for my $75M back?**
-- HwoodHokie
Jun 14, 2026 at 06:55 PM ET
HwoodHokie
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06/14/26 06:55 PM ET
It’s a state of mind. The CEO of the fortune 100 company drove a 12 yr old
-- Va AandM
Jun 14, 2026 at 06:01 PM ET
Va AandM
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06/14/26 06:01 PM ET
Put real money in your 401k, kids. **
-- RoswellGAHokie
Jun 14, 2026 at 05:29 PM ET
RoswellGAHokie
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06/14/26 05:29 PM ET
The millionaires I know buy a new car once every 5 or 6 years and pay cash.
-- Hokie CPA
Jun 14, 2026 at 04:53 PM ET
Hokie CPA
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06/14/26 04:53 PM ET