Warning: This is a rant about automobile loans. My sister Jackie has been informed her entire life that having a automobile mortgage is a traditional and acceptable. This video is me telling her it is not OK to make automobile funds if you do not have the cash within the financial institution to pay money for the automobile.
UPDATE: Jackie accepted the problem! Mission completed. More to return.
UPDATE 2: Our buddy Jim Collins appreciated this video a lot he included it in his personal MANIFESTO!! What an honor, thanks Jim. Check it out:
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Disclaimer: I do not imply automobile funds are by no means an possibility. If you have got the money to pay for a automobile and select to speculate it elsewhere that is high quality.
Here’s a video by Dave Ramsey that explains the “pay yourself car payments” a bit extra clearly:
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