I'm well aware of the zero % finance traps, where the application fees are as high as the interest would have been.
But we are not stupid, and it helps that my wife is an Accountant and Financial Manager.
I get the European thing, my father never had hire purchase, never lent or borrowed money...
It's bit different here. Not many people invest directly in shares, many use managed funds. My superannuation was basically a managed fund, so I just continued it after I retired and threw more money in.
I completely understand what you're saying, but we are very financially disciplined. Our system works well, we have done very well out of the Amex points too.
It a shame that recent generations aren't taught more financial wisdom.
But here's something strange. I bought a new phone, the provider...
They work if you pay them off every month, which the companies hate. We haven't paid card interest in 22 years.
Same with cars, we took 36 months interest free on the last one because our investments were doing very well diidn't want to take money out. Not so much now, so we paid cash for my...
I've always gone DIY, waxing, polishing, buffing etc. Had PPF done on our last 4 cars too.
We got my wife's new car ceramic coated as it lives partly outside, now I'm a convert. It's guaranteed as long as we own the car, a good wash and dry off keeps it looking new.
I did the Mustang and now I...
The Brembo factory option for my last car was just 4 pot calipers and 390mm rotors. Rear brake was the original. It still worked very well, but did have a greater front end weight bias than a Mustang.
Yes, I have driven an EV. It was reasonably quick once out of eco mode, it was eerily quiet and handled well. But totally soulless. I might have considered one as a town car, then the stories of gross depreciation and ridiculous insurance premiums hit and I scratched that idea.
Diesels are OK...
I love most seafood, but the prices here are mental now. Bluff oysters cost me $43 for 12.
Crayfish ( lobster) don't ask, get a mortgage.
Paua (abalone) ditto.
You wouldn't think we're surrounded by some of the best fishing grounds.
To simplify, torque is the force moving a certain weight certain distance.
Power is the same but over time.
The thing that always got me when we were studying these things was, why 5252 rpm on every engine?