Opportunity Cost: The SHOCKING True Cost of Buying a $30,000 Car - What many people overlook!

Описание: Everything in life has an opportunity cost. And the opportunity cost of the car you drive can be significant! Hence, buying a car is one of the biggest financial decisions you’ll ever make! But what is opportunity cost in general and what is the true cost of owning a car? How do you calculate and identify the opportunity cost of car ownership? I will address these questions in this video.

I will outline why your car might be MUCH more expensive than the price tag you see at the car dealership. The numbers can be quite shocking and I will show you how much money one can destroy with a single purchase decision. Ultimately, you should understand that if you want to build wealth, it's crucial to internalize the concept of opportunity cost and to consider the hidden cost of every purchase decision.

If you like this kind of thinking, you’ll probably enjoy the blog too:
https://www.compoundwithrene.com/

Let’s start with the obvious: there’s too much investing content out there! Most of it is surface-level, driven by frequency, clicks, or engagement hacks.

I built my blog to be the exact opposite:
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✅ Low-noise, high-signal.
✅ Deep thinking, not dopamine-inducing content.
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✅ Timely updates on my portfolio decisions
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✅ Exclusive interviews
✅ Macro commentary


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○ Shiller PE: https://www.multpl.com/shiller-pe
○ Shiller PE - Expected future returns: https://www.gurufocus.com/shiller-PE....
○ Article "Car-Scrapping Plans -- Germany's Lessons": https://www.spiegel.de/international/...
○ Compound interest calculator: https://www.thecalculatorsite.com/fin...
Investor.gov calculator: https://www.investor.gov/financial-to...
○ Shiller PE ratio website: https://www.gurufocus.com/shiller-PE.php

Chapters:
0:00 Intro
2:09 True Cost of Bad Decisions
3:42 Opportunity Cost
4:30 Scenario 1
7:15 Scenario 2
9:45 Scenario 3
10:37 Conscious Spending
12:01 Final Thoughts

DISCLAIMER
The content provided on this channel should be considered an educational resource and should not be construed as individualized investment advice, nor as a recommendation to buy or sell specific securities. The stocks and funds discussed on this channel are examples only and may not be appropriate for your individual circumstances.

Before making any financial or investment decisions, I recommend you consult a financial planner or advisor to take into account your personal investment objectives, financial situation, and individual needs.

In no event shall René Sellmann be liable to any viewer for any damages of any kind arising out of the use of any content published on this channel, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages.

I hope you enjoyed the content!