Dave Ramsey: Why it's not always smart to pay off your house right away
Dave Ramsey: Why it's not always smart to pay off your house right …
Nov 15, 2020
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The best car for you is always the car you can afford to pay cash for. If you have any kind of debt, you don’t need an expensive car. You need a car that gets the job done—one that goes from 0–60 eventually. Pay cash for a car you can actually afford, and use the money you save to pay off your debt. When you’re debt-free and paying cash for your dream car, you’ll look back on the time that you made a sacrifice to win with money, and you’ll be so glad you did. | Dave Ramsey
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Remember that $30,000 car you bought (sorry, financed)? Well, after the five-year term you agreed to, you’ll end up actually paying $33,223 total. On top of that, cars go down in value. The dealer won’t tell you that your awesome new car will lose 60% of its value within the first five years. So by the time the new car smell wears off, you’ve paid $33,223 for a car that’s worth maybe $12,000. I know the idea of not having a car payment isn’t as easy or as flashy as the car commercials make finan
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FacebookDave Ramsey
If you have any kind of debt, you don’t need an expensive car. You need a car that gets the job done—one that goes from 0–60 eventually. 😂 Pay cash for a car you can actually afford, and use the money you save to pay off your debt. When you’re debt-free and paying cash for your dream car, you’ll look back on the time that you made a sacrifice to win with money, and you’ll be so glad you did. | Dave Ramsey
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If you have any kind of debt, you don’t need an expensive car. You …
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