EP008 Car Payments Suck
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Car Payments Suck!
The greatest separation of wealth in today’s society has to do with car payments.
In this week’s episode of Money Peach TV, I am going to show you exactly why your car is costing you way more than your monthly payment. I am also going to share with you a shocking statistic about what kind of car the average millionaire in North America owns and their reasoning behind the cars they drive.
I remember living paycheck to paycheck, with two nice cars in the garage carrying monthly payments that totaled more than our mortgage. Our change in behavior with our vehicles didn’t come right away, but was inevitable if we were ever going to truly be responsible with our money.
Could you imagine if you never had another car payment for the rest of your life? What would that feel like, what would you do with extra money, but more importantly what would you drive?
Join me inside this week’s episode of Money Peach TV, where I share with you our own success and how we have saved thousands of dollars over the past few years in making one simple choice with our money and the cars we drive.
The first step to solving your problems with money is to take back control of your money. This always starts with the Budget.
Download the Budget
Thanks so much for watching Money Peach TV!
-Chris Peach
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Mentioned in this Episode
Success Story: 5 People Who Dumped Their Car Payments
7 Steps to Selling Your Car Like a Boss
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