By constantly replacing your car with another one is costing your future retirement. You may not be losing just thousands, but most likely tens of thousands or much more because of making the decision to make monthly car payments instead of retirement savings. Just ask anyone at the age over 70. They can all tell […]
Buying new vehicles periodically is killing your retirement Read More »
This is excellent advice when it comes to buying a new car. Instead of making expensive payments on a new car, you should be opening up a brokerage account on Charles Schwab or Fidelity and build up an asset, rather than creating a liability. When you make payments on a car, you become an asset
Your net worth probably isn’t high enough to buy a new car Read More »
Even if you have a high mileage car and you are thinking of getting rid of it, it makes no financial sense to do so. Listen to this phone call by Dave Ramsey. He explains to the caller who wants to get rid of his 2005 Honda. Dave shows the logic of why it makes
It makes no mathematical sense to get rid of an old car Read More »
What are your reasons for wanting to trade out of your current vehicle? No matter how badly you want out of your old car and into a new one, none of the reasons are good enough to get rid of it… only to have the possibility to lose the new car, not long after giving
Now is the worst time ever to take on a car loan Read More »
As long as you are a car owner and not taking public transportation, you will have car expenses until you get rid of that vehicle. Once you are one of the lucky ones to keep your vehicle long enough to pay it off in full, next it is time to start creating a safety net.
Paid off or not, car owners will always have car payments Read More »
You’ve been paying on your car for a while now. You hopefully bought that extended warranty. If you’re car is almost 36 months or or about to reach 36,000 miles, now would be a good time to go back to the dealer you bought your car from and see about buying that extended warranty. If
I am almost at 3 years or 36,000 miles on my car. Now what? Read More »
You’re driving an old car. It has many problems, dents, air-conditioning that doesn’t work well. Perhaps the transmission is slipping from lack of maintenance. You’re tired of the driving an old, worn out car. The days of brand new $15,000 and $20,000 good cars are now gone. Today the average price of a new car
It’s cheaper to maintain the car you already have Read More »
Picture this: You’re cruising down the open road, your hands gripping the steering wheel of a vehicle that’s entirely yours. No more monthly car payments, no more interest draining your wallet. It’s a vision of financial freedom that’s within your grasp if you make one crucial decision – to keep your vehicle and pay it
Drive Your Wealth: The Compelling Case to Keep and Pay Off Your Vehicle Read More »
