Some mathematical thoughts; even buying the brand newest iPhone pro every year, which is $1000, is only $30,000 over 30 years. This is like the price of a Toyota Camry.

Or, assuming you buy the cheapest Tesla model 3, no options, you’re still probably dropping at least $50,000 USD. That is a lot of money. Even one of my very successful Silicon Valley friends, one of the big shots at Facebook, is probably the most successful friend I know and have, who is around my age, he even told me that the reason why he didn’t buy a Tesla electric car is that they’re too expensive. He opted to buy an Audi Q3 instead. Also, the recharging times are too slow.

Therefore, when it comes to economic life decisions, maybe it is good to think longer-term, at the year, decade, or 30 years plus time span.