Your Car Might Be Your Biggest Financial Mistake
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Have you given any thought to the idea that car purchases are the #1 wealth killer when it comes to your finances? And guess what, no one is talking about it! In today’s video I review the full cost to purchase a car and the other all in costs to help you make the most informed decision when it comes to your next car purchase.
Let me know what you think in the comments!
Timecodes:
00:00 Intro
02:08 The state of the car market
03:15 Car purchase option 1
03:31 Car purchase option 2
03:49 Car purchase option 3
04:05 Introducing - the 3 cars we use in our scenarios
04:49 The three levers that impact your purchase cost
05:31 Download the full analysis to follow along
06:07 The assumptions
07:25 Observation 1
07:42 Observation 2
08:19 Observation 3
08:30 Observation 4
09:24 Observation 5
10:09 Cost of ownership 1
11:11 Cost of ownership 2
12:12 Cost of ownership 3
12:23 Concluding thoughts
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DISCLAIMERS & DISCLOSURES
This content is for educational and entertainment purposes only. Joseph and Stefanie do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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