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Friday, 15 Jun 2018
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The most costly waste of money

Money means different things to different people. For the naïve it is something to wave in other people’s faces, but let me tell you something that many of you will only wake up to in later life. After gambling, showing off is perhaps the most costly and pointless waste of money you will ever pursue.

When I was 20 I owned a secondhand diesel Mercedes 190. It was only a year old and cost me every penny I had, £6000, but it was a quality, safe car, and it had a motor that, looked after properly, could have done me very nicely for the next 250,000 miles which, in London, would have taken me through the next 25 years.

But rather than keep it of course, I sold it, and in the next 15 years as a broker, I went through 10 new cars and in so doing got nailed

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