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A comment on How to get rich without being lucky (2019). Parent comment

Re:How to get rich without being lucky (2019) by mlboss on Saturday May 22, 2021 @11:31PM (#27252191)
Car is definitely not an asset. I will consider it as a liability. Price of car drop as soon as it is out of dealership.
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Re:How to get rich without being lucky (2019) by ptr on Sunday May 23, 2021 @05:28AM (#27253615)
That’s the definition of a deprecating asset. The loan you took out to buy the car is the liability.
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