How my Tesla Model 3 Cost Me $777,618

TL;DR

Buying a Tesla led to missed investment gains, but the experience taught valuable financial lessons.

Transcript

at the end of 2019 i bought my dream car the tesla model 3 performance little did i know it would cost me 777 618 dollars the actual price of this tesla was around 78 400 and i paid cash but at that time tesla stock was worth 86 dollars a share now if i would have instead of buying this tesla use that 78 400 to buy tesla stock i would have had 911 ... Read More

Key Insights

• 🥺 Stock market volatility can lead to missed investment gains or losses.
• 🙃 Owning a Tesla can save time, money, and bring enjoyment compared to traditional cars.
• 🍉 Financial decisions, such as saving and investing, can impact long-term financial freedom.
• 🫰 Investing in index funds or diverse stocks can provide steady growth and financial security.
• 🥺 Prioritizing savings and investments over luxury purchases can lead to long-term financial benefits.
• ❓ Financial literacy is crucial for creatives and young individuals to secure financial stability.
• 🙃 The content highlights the value of time saved and financial benefits from owning a Tesla.

Questions & Answers

Q: What was the actual cost of buying the Tesla Model 3 Performance?

The Tesla itself cost $78,400, but missed investment opportunities led to a total cost of $777,618.

Q: What were the reasons for not regretting the Tesla purchase?

The Tesla saved time, money, and brought enjoyment compared to a gas car, making the purchase worthwhile.

Q: Why is investing in stocks or index funds emphasized in the content?

The missed opportunity of investing in Tesla stocks or index funds highlights the long-term benefits of saving and investing.

Q: How does the content advocate for financial literacy among creatives and young people?

The content stresses the importance of financial knowledge to achieve financial stability and pursue passions without financial stress.

Summary & Key Takeaways

• Buying a Tesla Model 3 Performance cost $777,618 due to missed investment gains.

• Despite the financial loss, owning a Tesla saved time, money, and brought enjoyment.

• The experience highlights the importance of saving, investing, and financial literacy.