It would be interesting to know the percentage of bogleheads that have
high savings rates simply because they don't want a lot of stuff. In those
cases the struggle between saving/spending presumably is less.
Thus, any estimate of long-term financial success greater than about 80% is meaningless.
A dealer relative of mine said why would you ever own a depreciating asset?
Sunny Sarkar wrote:In 2002, I bought a 5 year old Toyota Camry with 55k miles on it for $9000 ...