We love that "New Car" smell just as much as the next guy. However, compared to having that car payment, what we love even more is the incredible wealth-building power of investing monthly.
We need a car (arguable depending on where you live), but we need wealth for our future as well.
Today, we teach you the tale of............
The $500,000 Used Car!
In This Episode We Will Look At:
- Smart ways to buy newer model cars
- The benefits to paying off your car loan sooner, and begin paying yourself instead
- The incredible wealth-building power of investing your car payment over the course of your working years.
Today's Resources and Links:
One Thing You can Do Today to Improve Your Financial Picture:
Begin investing the dollar amount of your car payment the very month after your loan is paid off and keep that car until just before it dies!
Bonus Round: Begin saving for the down payment of your future car (half-down would be great!)
What Are Your Thoughts?
If you have a question or comment about today's topic, we invite you to share your thoughts in the Comments section below.
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