4. Acquire cars based on reliability and fuel efficiency…otherwise, use public transport
There is the assumption that owning a car makes a dude more appealing. Before using your life’s savings to buy a car, you must at least consider two factors.
Ask yourself: how reliable is the car?
How fuel-efficient is it? Answering these questions lets you know if you would be actually making an investment by buying the car, or acquiring a liability.
This is because fuel bills and repair bills are serious money drainers when you own a car. Do not just jump and buy any car just because it is cheap and it still moves. If you cannot say for sure that it is reliable and fuel-efficient, get on with public transport.
And by public transport, I don’t mean Uber and Taxify.
There is absolutely nothing wrong with commuting to work in a bus or keke napep. It is actually a better option as it is incredibly faster in rush-hour traffic. It’s also cheaper when you consider the fuel, oil and other maintenance costs of running the car. You save more and you upgrade yourself financially.
