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I'm a self-made entrepreneur with a $4.8 million net worth and I want to splurge $300k on a car - will I regret this?

The article on MSN Money discusses the dilemma of a self-made entrepreneur with a $4.8 million net worth contemplating whether to spend $300,000 on a luxury car. The entrepreneur, who has worked hard to build his wealth, is considering this significant purchase as a reward for his success. However, he is concerned about potential regrets due to the financial implications, such as the depreciation of the car's value, the opportunity cost of not investing that money elsewhere, and the message it might send about his financial priorities. Financial experts cited in the article suggest that while it's okay to enjoy the fruits of one's labor, one should consider the long-term financial impact, the alignment with personal values, and the potential for buyer's remorse. They recommend balancing indulgence with financial prudence, perhaps by choosing a less expensive model or considering other forms of investment or philanthropy that could provide both personal satisfaction and financial benefits.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/personalfinance/i-m-a-self-made-entrepreneur-with-a-4-8-million-net-worth-and-i-want-to-splurge-300k-on-a-car-will-i-regret-this/ar-AA1y97RO ]