How to Money Friday Flight – Recycled Rags, Slow Shipping, & Sayonara Spirit (or not...) #1137
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May 8, 2026 A rapid roundup of this week’s money headlines and quirky financial news. Topics include rising negative car equity and the cost tradeoffs of upgrading vehicles. They dig into thrift flipping and the reselling boom. There is a discussion on slower shipping to save cash and the economics behind longevity spending. Plus coverage of Spirit Airlines’ collapse and a crowd effort to revive it.
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Hold Cars Longer And Invest The Savings
- Avoid frequent upgrades and long car loans; instead repair and keep vehicles longer to free up ~$700/month for investing.
- Kit Blinger's numbers: holding cars longer saved $43,000 over five years and could have earned ~$9,000 invested.
VOO Nears Trillion Dollar Scale
- VOO (Vanguard S&P 500 ETF) has become enormous and low-cost index funds are attracting massive investor dollars.
- Joel notes VOO amassed about $900 billion and could hit a trillion soon, reinforcing passive investing trends.
Thrift Picking Has Become A Professional Hustle
- Resale professionals are 'professionalizing' thrift shopping by sourcing Goodwill and estate sales to resell on Depop, eBay, Mercari and live streams.
- This mirrors traditional pickers/antique dealers but may thin thrift-store finds for casual shoppers.