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. It is the #1 car buying rule today. If you buy an overpriced car, it is […]
The 1/10th Rule For Car Buying Everyone Must Follow Read More »
As someone who has been writing about financial independence and escaping corporate America since 2009, I’ve developed several rules that serve as the backbone for achieving FIRE and staying free. They are simple, but not easy. Ignoring any one of them can set you back years. Below are the first two rules as a reminder,
The Third Rule Of Financial Independence Could Also Be Your Biggest Regret Read More »
Well folks, the time has finally come to buy a new car. After buying eight cars in my first ten years out of college thanks to my former car addition, I now dread the idea. All I want is to drive one car forever to save time, hassle, and money. However, my 2015 Range Rover
Time to Buy A New Car: Mine Is 10 Years Old & Causing Problems Read More »
Let’s look at the cheapest to most expensive car brands to maintain long term. A car is both a necessity and a luxury. With ongoing maintenance costs, ideally, we own the cheapest car brand to maintain that’s also a joy to drive. Amidst a recent whirlwind of car maintenance expenses with my trusty nine-year-old Range
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 financial trouble. The vacation property buying rule to follow is to buy a vacation property for lifestyle first, income
A Vacation Property Buying Rule To Follow: Lifestyle First, Income Second Read More »
As someone who wants to buy a new car this year, given my car is 10 years old and causing problems, I’m having second thoughts. With the average new car price at ~$50,000, it seems like only the rich or fools can buy new cars today! Think about it. If you follow my 1/10th rule
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 »
