Did you know that the average millionaire drives a used car?

Unlike the belief that most millionaries drive fancy cars, most actually drive a paid for 2 year or older car! Yes, that's right. They don't care if they keep up with the Jone's or not. Most people don't even know that they have a lot of money. The average millionarie lives in an average neighborhood and drives an average car.

One of the reasons that they have built wealth is because they don't have a car payment. Just think about it for a second. The average car payment per month is 381 dollars. What if you could invest this amount of money instead of putting it towards a car payment. If you were to put this money each month into a mutual fund which averaged an annual return of 12% for 30 years (which is the long term average of most mutual funds over a 10 year or more period), that would equal $1,185,325! If you were to do that for 40 years, that would add up to $3,765,453! Yes, the math is correct... 3.7 million dollars!

To me, that's a HUGE price to pay for a car that goes down in value each year.