<prompt> Human: Here is my current situation I graduated college in May and started working in June. I am an engineer for a construction company and make 62kyr. My company is 100 employee owned and I get free stock every year based on the company performance - based on previous averages I should be getting about 7-8k worth of shares every year until my salary starts to increase. These shares tend to increase about 12 every year based on averages. My company does this in lieu of 401k matching but I still put about 125 in my 401k every month. My rent is about 900mo with all utilities included. I bought my dream car about 2 months ago - a 2014 Mustang GT. It was 25,500, I put 5000 down and financed the rest. My payments are about 350 every month 72 month loan and my insurance is about 230month. I needed a reliable car and the Mustang only had 6k miles when I bought it and it will also help build my credit a lot never had an installment loan before. While those are the practical reasons, it is still a lot of money.I had been dreaming of buying this car since I was a freshmen in high school. Performance cars have always brought excitement, meaning and happiness to me ever since I was a toddler. I splurged on it so much because of how passionate I am about cars.With all of that being said, I had a talk with a guy I work with a few weeks ago. He is in his late 40s and told me could retire whenever he wants but he is going to keep working because he enjoys it. He owns 4 houses - he lives in 1 and rents 3. His biggest advice to me as a young graduate? Drive a shitty car and save for a house. Then buy another house when you can. This way you put money towards an asset every month instead of my landlords asset. This really got me thinking about how much money I am wasting on my car every month. I love the thing to death but I could save an additional 500-600 every month if I bought a car without a loan that had lower insurance and had better fuel economy. Is selling the car a bad idea? Will my credit go down if I pay off the loan 2 months after getting it? I also paid 2500 in taxes on the car that I wont get back. Any advice is appreciated- A 22 year old with barely any financial knowledge who wants to be wealthy one day  <response>: Drive a shitty car and save for a house.Or some appreciating asset, like an investment portfolio. Id sell, chalk it up as a life lesson, and get on the right track. I make a multiple of what you do, and Ive never paid more than 10k for a car. 