We start off by addressing a call-in question about how people earlier in their careers and starting out their lives can balance saving for retirement while also trying to save for a house, prepare for kids, and more. You’ll have to listen to hear our thoughts on this one!Mike kicks off a discussion with cars by sharing a story about his grandfather who used to work for Ford, and reported to Henry Ford directly. Mike and Maggie then share what kind of cars their families drive:Mike drives a 2003 Ford Explorer and his wife drives a 2014 Ford Edge.Maggie drives a 2016 Toyota Prius V and her husband drives a 2011 Prius.We discuss how cars are very expensive to own and operate, yet there is very little difference in their utility between an inexpensive car and a really expensive car.Why are cars the worst? To clarify, we mean they are the worst financially.Depreciation. Some people claim cars are investments, but an investment is something that appreciates over time. Cars instead depreciate over time. Always and quickly.The way most people buy cars is very costly. People often lease or finance cars, and often ones they can’t quite afford. Financially speaking leasing is costly idea. We discuss a number of different expert’s points of view on how much you should spend on a car, from Dave Ramsey’s (your car should not total more than half your annual income, only pay cash for a car, and never buy a new car unless you have a net worth over $1M), to the Financial Samurai (only spend 10% of your annual income on a car).If you have a more expensive car, a bunch of other related costs are also magnified, from maintenance to repairs to insurance.Mike + Maggie’s overall advice on cars is:Stop caring because nobody else cares about what you drive. Check out Accidentalfire’s Instagram post re: what you think people are thinking about your car vs. what they are really thinking.Be honest with yourself about why you want a certain car.Buy something that’s modest, preferably used, and pay cash.Other topics we cover on this episode:Consider thinking about how much longer you will need to work to cover the cost of the type of car you want to drive.Maggie and her thoughts on Maseratis, and how nice cars make her nervous.Mike talks about his 2003 Ford Explorer, a lot.Show ReferencesAccidentalfire’s Instagram post re: what you think people are thinking about your car vs. what they are really thinking.Playing with FIRE bookPlaying with FIRE documentary---Follow friends on FIRETwitterInstagramFacebookLinkedInLeave us a voicemail or text us: 404-981-3370eMail us at:  [email protected] our website: www.friendsonfire.org---Other LinksMaggie’s Blog: Mostly Minimal LifeMike’s Book: Your New Relationship with Money