If you’re looking for a car buying rule, let me introduce you to the 1/10th rule for car buying. The 1/10th rule will help you spend responsibly, reduce your car ownership stress, and boost your net worth over time. If you buy an overpriced car, it is guaranteed to depreciate. If you buy an affordable […]
The 1/10th Rule For Car Buying Everyone Must Follow Read More »
Amidst a recent whirlwind of car maintenance expenses with my trusty nine-year-old Range Rover Sport, I embarked on a quest to find the most budget-friendly car brands for long-term upkeep. I’m on a mission to squirrel away as much cash as possible over the next three years to regain some financial freedom. Thankfully, Consumer Reports
Cheapest To Most Expensive Car Brands To Maintain Long Term Read More »
After delving into the exorbitant prices of new luxury cars, I’ve come to the realization that a larger segment of the population is purchasing such vehicles than I initially thought. This trend poses a significant problem for those striving for financial freedom, which is why I’ve come up with the House-To-Car Ratio guide. I see
The Right House-To-Car Ratio For Financial Freedom Read More »
New luxury car prices are way too high
New Luxury Car Prices Are Outrageous, Never Buying One Again Read More »
In December 2016, I purchased a 2015 Range Rover Sport with 10,800 miles. At the time, I had been driving a Honda Fit but sought a larger vehicle as my wife was expecting in early 2017. Today the car has 52,500 miles. During the purchase, the option to acquire an extended car warranty was presented,
An Extended Car Warranty Is Probably Not Worth The Cost Read More »
So you’re thinking about buying a vacation property. I’ve owned a vacation property since 2007 and don’t recommend doing so. However, let me introduce a vacation property buying rule to follow so you don’t get in trouble like me. The vacation property buying rule to follow is to buy a vacation property for lifestyle first,
A Vacation Property Buying Rule To Follow: Lifestyle First, Income Second Read More »
As someone who is planning to buy a new car by 2025, I’m having second thoughts. With the average new car price at almost $50,000, it seems like only the rich can buy new cars today! Think about it. If you follow my 1/10th rule for car buying, you need to earn $500,000 to buy
Only The Rich (Or Fools) Can Afford To Buy New Cars Today Read More »
A recent experience made me realize the best time to own the nicest car you can afford is when you have children. The nicer the car, the safer the car usually is. Although there’s a nice mental health benefit to driving an old beater, I’m willing to spend up as a father in my 40s
The Best Time To Own The Nicest Car You Can Afford Read More »
If you’re thinking about driving a cheap old car, I think you should. The benefits of driving one far outweigh the joy of driving an expensive new car. Something disappointing happened on the last day of our Lake Tahoe vacation. After loading up the car I swung around to the driver’s side. There, I saw
The Biggest Benefit Of Driving A Cheap Old Car: Better Mental Health! Read More »
In my 20s, I was a car fanatic. I’d trade cars every one or two years because it was fun. I loved to haggle with strangers to try and get the best deal possible. As I grew older and wealthier, my interest in cars waned. Today, I believe the ideal length of time to own
The Ideal Length Of Time To Own A Car Is Not Forever Read More »
