Opportunity cost is a spender’s greatest enemy. Given America has a spending problem, our country will constantly be in grave danger without adopting better financial habits. Back in 2018, I decided to join a Meetup softball league in San Francisco. I was one year into being a stay at home father and I needed to […]
Opportunity Cost Is A Spender’s Greatest Enemy: My Tesla Story Read More »
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 »
Since the global pandemic, used car prices have gone way up. Everybody is buying a car instead of taking transportation. This post looks into the best time of the year to buy a car so you can save money. My 13 year old SUV named Moose feels like it’s on its last legs. There’s a
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Are you looking options for terminating a car lease early? Since the pandemic began, there’s been an increase in people looking to terminate a car lease early to save money. During recessions, terminating a car lease also becomes a bigger thing. In difficult times, it’s important to cut costs and boost savings. With a potential
Multiple Options For Terminating A Car Lease Early Read More »
Besides the purchase price of a car, one must also calculate the potential maintenance cost, and auto insurance cost to determine affordability. We often focus on the first two costs. But, seldom do we realize the auto insurance cost differential until we’ve purchased the car! Back in 2012, I was so happy to negotiate $2,000
Auto Insurance Basics And Recommendations For Everyone Read More »
Driving an old beater car can make you a lot of money. As a car fanatic who has owned beater cars and luxury cars, let me explain. After writing, Never Buy A New Car In Its First Year Of Redesign, a reader commented that he netted about $17,500 in reimbursements from driving his 2002 economy car roughly 35,000
Your Old Car Can Make You A Lot Of Money In Tax Savings Or Reimbursements! Read More »
A car is the ultimate status symbol for insecure people. Let me explain why not following my 1/10th rule for car buying is more due to the unhealthy desire for status rather than the inability to be frugal. As I was returning home in Rhino, my 2015 Honda Fit, a late model Porsche Cayenne SUV
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If you want to be rich, never buy a brand new car or a car in its first year of redesign. I’ve been a car fanatic forever, but I’ve also been a personal finance blogger since 2009. My goal for everyone is to reach financial independence sooner, rather than later. After owning Moose, my 2000
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Whenever you buy something, it’s good to ask yourself whether to pay by cash or credit card? There are pros and cons of each. This article will highlight which way is best to maximize your finances. Let me start with an example of whether to pay cash or credit card when doing some car maintenance.
Pay By Cash Or Credit Card? Deciding The Best Way To Save Money Read More »
If you were to guess what the average new car price is nowadays, what would you guess? I guessed $25,000, since my Honda Fit is sweet for an economy car and only costs $19,600 new. Given I’m frugal, leaving a 20% upside pricing buffer seemed logical. Too bad I was way off! According to Kelley Blue
The Average New Car Price Is Unbelievably High Read More »
