Wealth
Buy Utility, Rent Luxury (BURL)
For real estate
https://www.financialsamurai.com/real-estate-investing-rule-rent-luxury-buy-utility/
For vehicles
- Buy a pre-owned car, nothing fancy
- Rent fancy car for road trips and vacations
For homes
- Improve your main home (maximum utility)
- Don’t buy a fancy vacation home, rent one in different places every year
Focus on Free Cash Flow, not net worth
https://www.financialsamurai.com/why-cash-flow-is-more-important-than-net-worth/