DAVID PERELL

There's nothing wrong with purchasing a luxury vehicle. However, individuals who spend an inordinate amount of their incomes on a vehicle are doing themselves a disservice, especially since this asset depreciates in value so rapidly.

How rapidly does a car depreciate?

80% of New Year’s resolutions are broken within two months.

And these tend to concern habits or behaviors we are actually determined to change. So much so that they are often recycled year after year.

During the first week of the new year, there is a rush of motivated people who want to achieve their respective self-improvement goals. But then all this rush always tapers off, with only about 8 % of people actually managing to achieve their goals by the end of the year.