I was spending huge amounts of money on cars...not because they are pricey, but because every time you sell a car, especially after owning it for a short time, you lose a lot of money on it. From 2004 - 2007, I went through 6 cars...losing money on each one, except for one which was totaled in a high-speed rollover crash. If I were to sell my current car, I'd owe a huge amount of money to pay off the rest of the loan, due to previous debt being rolled into each subsequent loan. When I realized that I was spending too much due to BP, and that I absolutely had to stick with my current car for a long time... I became really depressed. i went into one of my worst depressions ever. It was so hard to accept it. I've done the same thing with guitars, but the financial impact of those impulsive decisions are far less. Unless you're buying PRS guitars. However, unlike cars, guitars do not depreciate very much. I do it with music all the time. If I like an artist, I must have their entire catalog...everything they've ever done. And even if the new albums they churn out are just *****, I buy them anyway.
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